HIGH PASS-RATE IAM-CERTIFICATE DOWNLOAD OFFER YOU THE BEST VALID STUDY GUIDE | THE INSTITUTE OF ASSET MANAGEMENT CERTIFICATE

High Pass-Rate IAM-Certificate Download Offer You The Best Valid Study Guide | The Institute of Asset Management Certificate

High Pass-Rate IAM-Certificate Download Offer You The Best Valid Study Guide | The Institute of Asset Management Certificate

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IAM The Institute of Asset Management Certificate Sample Questions (Q34-Q39):

NEW QUESTION # 34
External stakeholders can influence asset management activities within an organisation by:

  • A. Influencing the Organisational Strategic Plan through structured engagement
  • B. Having the power of veto over what the organisation does
  • C. Defining the renewal and maintenance policies which govern the creation of the asset management plan

Answer: A


NEW QUESTION # 35
The following things are taken into consideration in developing an asset management strategy,except:

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

Answer: D

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 # 36
(Exposure to) the possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility, is the definition of .......

  • A. Risk
  • B. Value
  • C. Cost
  • D. Asset

Answer: A

Explanation:
This definition corresponds to the formal definition ofriskused in ISO 31000 and ISO 55000. It highlights the potential for deviation from expected outcomes, which can be both negative and positive, although traditionally associated with adverse events.
Exact Extract from ISO 55000:2014, Clause 3.2.21 - Risk:
"Risk: Effect of uncertainty on objectives."


NEW QUESTION # 37
Which of the following types of information would NOT normally be required for the development of an asset management plan?

  • A. Asset Register
  • B. Asset Critically
  • C. Asset Condition
  • D. Organisation's share price

Answer: D


NEW QUESTION # 38
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 # 39
......

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