[Jan 07, 2025] Prepare For The IAM-Certificate Question Papers In Advance
IAM-Certificate PDF Dumps Real 2025 Recently Updated Questions
NEW QUESTION # 13
Which of the following statements is true:
- A. Corporate objectives are derived from the Asset Management strategy
- B. Corporate objectives should be set by comparing the organisation's performance to its most closest associated peer
- C. Corporate objectives drive the activities within the Asset Management system
Answer: C
NEW QUESTION # 14
Procurement and delivery of the solution to time, cost and quality targets. What phase is it?
- A. Handover and closeout phase
- B. Implementation phase
- C. Definition phase
- D. Concept phase
Answer: B
NEW QUESTION # 15
According to ISO 55000, assets is .....
- A. Processed, organized and structured data
- B. Item, thing or entity that has potential or actual value to an organization.
- C. Refers to all the materials available in our environment
- D. A type of investment that represents an ownership share in a company
Answer: B
NEW QUESTION # 16
The purpose of an Asset Information Strategy is to:
- A. Specify the requirements for procuring the organisation's asset information system
- B. Provide the overall framework and plan for asset information which will deliver the organisation's asset information requirements
- C. Calculating the lowest cost options for the entire commercial life of a building
- D. Collate the standards which define the collection, storage and use of asset information
Answer: D
NEW QUESTION # 17
Which of these is NOT a key principle of asset management?
- A. Linking decisions to the overall business objectives
- B. Applying a whole-life perspective
- C. Reducing the costs of investments
- D. All of above false
Answer: C
NEW QUESTION # 18
Asset Management should deliver:
- A. All false
- B. The organisation's strategic objectives
- C. The maximum level of service for the organisation's customers
- D. The maximum dividends for the organisation's shareholders
Answer: B
NEW QUESTION # 19
What is the correct top-down hierarchy order for the following PAS 55 defined documents?
- A. Asset Management Policy, Plans, Strategy and Objectives
- B. Asset Management Policy, Objectives, Strategy and Plans
- C. Asset Management Policy, Strategy, Objectives and Plans
- D. Asset Management Strategy, Policy, Objectives and Plans
Answer: C
NEW QUESTION # 20
Which statement is INCORRECT?
- A. All above true
- B. The Asset Management Policy should be consistent and aligned with all other relevant organisational policies
- C. The Asset Management Policy should be consistent and aligned with the corporate objectives and strategy
- D. The Asset Management Policy should be derived from all other relevant organisational policies
Answer: D
NEW QUESTION # 21
What is one of the most important elements of asset management ?
- A. The role of organisational culture
- B. The control of management risk
- C. Company profile
- D. None of above
Answer: A
NEW QUESTION # 22
Characteristics of organisational context that affect what is achievable and worthwhile in asset management fall into three categories:
- A. All above true
- B. Volatility of the business environment
- C. Scale and complexity of the asset portfolio
- D. Asset systems criticality
Answer: A
NEW QUESTION # 23
There are 4 fundamentals in asset management, including ....
- A. Value, Alignment, Leadership and Insurance
- B. Value, Alignment, Proggresive and Assurance
- C. Value, Alignment, Leadership and Assurance
- D. Value, Competitif, Leadership and Assurance
Answer: C
NEW QUESTION # 24
When undertaking whole-life cost analysis it is important to remember that:
- A. It is impossible to get the right answer unless all the data and information are understood
- B. As many costs as possible should be included in the analysis ensuring these are consistently derived between analyses
- C. The analysis should be completed without reference to other organisational functions to ensure independence
Answer: A
NEW QUESTION # 25
Which of the following statements is true?
- A. Visible senior level leadership and commitment is insignificant in organisations
- B. Good asset management has clear connectivity between an organisation's strategic plan and the value core
- C. Assurance is the combination of monitoring and auditing
- D. Assets is not a potential value to an organisation
Answer: C
NEW QUESTION # 26
The following things are taken into consideration in developing an asset management strategy, except :
- A. Life cycle approach
- B. Asset requirements
- C. Consistency
- D. Management needs
Answer: D
NEW QUESTION # 27
How many elements does the IAM Asset Management Conceptual Model contain?
- A. Seven
- B. Five
- C. Four
- D. Six
Answer: C
NEW QUESTION # 28
......
IAM-Certificate Dumps and Practice Test (60 Exam Questions): https://examtorrent.vce4dumps.com/IAM-Certificate-latest-dumps.html