LATEST IAM-CERTIFICATE TEST PDF | IAM-CERTIFICATE EXAM QUESTIONS ANSWERS

Latest IAM-Certificate Test Pdf | IAM-Certificate Exam Questions Answers

Latest IAM-Certificate Test Pdf | IAM-Certificate Exam Questions Answers

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Tags: Latest IAM-Certificate Test Pdf, IAM-Certificate Exam Questions Answers, IAM-Certificate Valid Test Question, IAM-Certificate Actual Test Pdf, IAM-Certificate Dumps PDF

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IAM The Institute of Asset Management Certificate Sample Questions (Q53-Q58):

NEW QUESTION # 53
A definition of asset management is:

  • A. A clear understanding of the linkages between each stage in the asset lifecycle?
  • B. The optimal maintenance an organisation undertakes on its assets?
  • C. The optimal life cycle management of physical assets to sustainably achieve the stated business objectives?
  • D. a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations

Answer: B


NEW QUESTION # 54
When undertaking whole-life cost analysis it is important to remember that:

  • A. As many costs as possible should be included in the analysis ensuring these are consistently derived between analyses
  • B. The analysis should be completed without reference to other organisational functions to ensure independence
  • C. It is impossible to get the right answer unless all the data and information are understood

Answer: C


NEW QUESTION # 55
Procurement and delivery of the solution to time, cost and quality targets. What phase is it?

  • A. Implementation phase
  • B. Concept phase
  • C. Definition phase
  • D. Handover and closeout phase

Answer: A

Explanation:
TheImplementation Phaseinvolves translating approved asset plans into physical or system outputs. It encompassesprocurement, execution, and deliveryto specification and budget constraints.
* Concept and definition phasesprecede this stage.
* Handoverfollows this phase and deals with asset operational readiness.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 3.4.2 - Life Cycle Stage:
Implementation:
"This phase includes procurement, construction, installation, testing, and commissioning of the asset or solution. It is where time, cost, and quality performance is most closely monitored."


NEW QUESTION # 56
A policy is best defined as...

  • A. Temporary endeavor to create unique output
  • B. Overarching objectives setting context and direction
  • C. Action plans to attain objectives
  • D. Intentions and direction as formally expressed by top management
  • E. Activities to create value for customers

Answer: D

Explanation:
Apolicyis a formal statement of intent from senior leadership, expressing organizational direction, intent, and principles.
Exact Extract from ISO 55000:2014, Clause 3.1.7 - Definition of Policy:
"Policy: Intentions and direction of an organization, as formally expressed by its top management."


NEW QUESTION # 57
What is NOT usually considered in the decision to decommission and dispose of assets?

  • A. The residual value of assets
  • B. The environmental impact of disposing of the assets
  • C. Alternative uses for the assets
  • D. Legislation regarding disposal of the assets
  • E. The depreciated value of the assets

Answer: E

Explanation:
Depreciated valueis a financial accounting figure and is not a strong indicator of whether an asset should be decommissioned. Operational, legal, and environmental factors carry more weight.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 3.4.5 - Disposal:
"Factors include residual value, reuse options, legal compliance, and environmental impact. Financial book value is rarely a deciding factor."


NEW QUESTION # 58
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