VALID IAM-CERTIFICATE STUDY GUIDE - SIMULATED IAM-CERTIFICATE TEST

Valid IAM-Certificate Study Guide - Simulated IAM-Certificate Test

Valid IAM-Certificate Study Guide - Simulated IAM-Certificate Test

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IAM The Institute of Asset Management Certificate Sample Questions (Q52-Q57):

NEW QUESTION # 52
This covers everything the goes into planning, designing and procuring an asset.

  • A. Dispose
  • B. Operate
  • C. Commission
  • D. Acquire

Answer: D


NEW QUESTION # 53
ISO 55001 defines seven sets of requirements for a management system for asset management, except ...

  • A. Controlling
  • B. Multi-level Planning for assets and asset management
  • C. Defining the Organisational Context
  • D. Support for effective management

Answer: A


NEW QUESTION # 54
Asset Management is explicitly focussed on helping organisations to achieve their defined objectives and to determine the optimal blend of activities based on these objectives.

  • A. False
  • B. True

Answer: B


NEW QUESTION # 55
The following things are taken into consideration in developing an asset management strategy,except:

  • A. Management needs
  • B. Consistency
  • C. Asset requirements
  • D. Life cycle approach

Answer: A

Explanation:
When developing anasset management strategy, key elements include:
* Consistencywith the organizational context and policy.
* Alife cycle approach, covering all asset phases.
* Clear understanding ofasset requirementsto meet future demand and performance expectations.
Management needs, while important for operational support, are not a core component of strategic development and are therefore the correct exclusion.
Exact Extract from ISO 55001:2014, Clause 6.2 - Asset Management Objectives and Planning:
"The strategy must consider the asset lifecycle, ensure consistency with organizational objectives, and define asset requirements."


NEW QUESTION # 56
What is the purpose of whole-life cost analysis?

  • A. To determine the option for a particular decision which has the lowest costs over the life of the asset
  • B. To determine the renewal costs at the end of an asset's life
  • C. To determine the most important costs associated with an asset

Answer: A


NEW QUESTION # 57
......

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