EXAM IAM IAM-CERTIFICATE STUDY SOLUTIONS & NEW IAM-CERTIFICATE TEST VCE

Exam IAM IAM-Certificate Study Solutions & New IAM-Certificate Test Vce

Exam IAM IAM-Certificate Study Solutions & New IAM-Certificate Test Vce

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Tags: Exam IAM-Certificate Study Solutions, New IAM-Certificate Test Vce, IAM-Certificate Study Dumps, IAM-Certificate Exam Objectives Pdf, IAM-Certificate Hot Spot Questions

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IAM - IAM-Certificate - Pass-Sure Exam The Institute of Asset Management Certificate Study Solutions

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IAM The Institute of Asset Management Certificate Sample Questions (Q19-Q24):

NEW QUESTION # 19
A key role of asset management is to assure the delivery of value in line with:

  • A. All True
  • B. Required residual risk profile
  • C. Return on Investment (ROI) and/or Return on Net Assets (RONA)
  • D. Agreed performance / levels of service

Answer: A

Explanation:
Asset management is designed to delivervalueby ensuring:
* Assets perform according to agreed service levels
* Financial returns (ROI/RONA) are optimized
* Risks are managed to an acceptable (residual) level
These components align with ISO 55000's definition of value realization through asset-related decisions.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 2.1 - Realizing Value:
"Asset management must deliver value through alignment with performance, financial returns, and risk tolerance criteria."


NEW QUESTION # 20
What is an Asset Management System as defined by PAS 55?

  • A. The system by which organisations can manage and influence stakeholder requirements
  • B. The management system which organises and drives all asset management activities
  • C. The asset information technology system used for collating and analysing asset data
  • D. The asset system which organises all data management activities

Answer: B

Explanation:
TheAsset Management Systemrefers to themanagement frameworkof policies, processes, and tools that collectively enable the achievement of asset-related objectives-not just IT or data systems.
Exact Extract from PAS 55-1:2008, Clause 3.3.1:
"Asset management system: The integrated set of processes, plans, and tools that collectively define and drive the asset management activities within the organization."


NEW QUESTION # 21
Capital Investment Decision-Making comprises the processes to .....

  • A. evaluate and analyse options for the creation of new assets
  • B. The replacement of modal at the end of their useful life
  • C. Decreasing the capability of assets
  • D. All false

Answer: A


NEW QUESTION # 22
Which of the following is best described as an Asset Management Objective?

  • A. Risk-based maintenance will deliver an improvement in the failure rate of assets of 10% for no increase in cost by September 2011
  • B. Risk based provide direction for Asset and Non-Asset Class Plannin
  • C. Risk-based maintenance will be introduced at Depot A in September 2011 with the following work volumes
  • D. A risk-based approach to renewal and maintenance will be adopted

Answer: D


NEW QUESTION # 23
The concept of 'line of sight' means .....

  • A. Stake holders involved in asset management
  • B. everyone who touches or influences what happens to an asset is involved in asset management
  • C. Top Management involved in asset management
  • D. Asset Manager involved in asset management

Answer: B


NEW QUESTION # 24
......

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