BRAINDUMP IAM-CERTIFICATE PDF 100% PASS | VALID THE INSTITUTE OF ASSET MANAGEMENT CERTIFICATE RELIABLE TEST TOPICS PASS FOR SURE

Braindump IAM-Certificate Pdf 100% Pass | Valid The Institute of Asset Management Certificate Reliable Test Topics Pass for sure

Braindump IAM-Certificate Pdf 100% Pass | Valid The Institute of Asset Management Certificate Reliable Test Topics Pass for sure

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IAM Braindump IAM-Certificate Pdf - Realistic Braindump The Institute of Asset Management Certificate Pdf Pass Guaranteed Quiz

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IAM The Institute of Asset Management Certificate Sample Questions (Q65-Q70):

NEW QUESTION # 65
What are the main cost elements of a whole-life cost approach?

  • A. Installation, failure and refurbishment costs
  • B. Installation, maintenance and operations, and disposal costs
  • C. Asset deterioration and reliability costs
  • D. maintenance, associated financing costs refurbishment, and disposal costs

Answer: B


NEW QUESTION # 66
Assurance is the combination of monitoring and control (of processes and outcomes) to confirm the assets, systems and processes are operating as intended.

  • A. True
  • B. False

Answer: B


NEW QUESTION # 67
Which of these statements is UNTRUE?

  • A. Asset information has maintenance costs as well as collection costs
  • B. Asset information is always worth collecting regardless of cost
  • C. Asset information can be treated as an asset in its own right

Answer: B

Explanation:
Collectingall available asset datawithout consideration ofvalue, relevance, or costleads to waste and inefficiency. Asset data should bejustified by its use in decision-making.
Exact Extract from IAM - Asset Information: Strategy, Management and Governance:
"Information collection should be justified based on decision value. Over-collection can waste resources and impair decision-making clarity."


NEW QUESTION # 68
ISO 55001 sets out requirements for an asset management policy which fall into five categories:

  • A. Consistency, A priori, Commitment, Balancing, Communication
  • B. Consistency, A priori, Commitment, A framework, Communication
  • C. Consistency, Appropriateness, Maintenance, A framework, Communication
  • D. Consistency, Appropriateness, Commitment, A framework, Communication

Answer: D

Explanation:
ISO 55001 specifies the key elements that must be addressed in an organization's asset management policy.
These include:
* Consistencywith the organizational strategic plan
* Appropriatenessto the size and nature of the organization
* Commitmentto continual improvement and compliance
* Frameworkfor setting asset management objectives
* Communicationof the policy throughout the organization
This combination ensures the policy aligns operational activities with strategic outcomes.
Exact Extract from ISO 55001:2014, Clause 5.2 - Asset Management Policy:
"The asset management policy shall:
a) be consistent with the organizational strategic plan;
b) be appropriate to the nature and scale of the organization's assets; c) include a commitment to satisfy applicable legal requirements and continual improvement; d) provide a framework for setting asset management objectives; e) be communicated within the organization."


NEW QUESTION # 69
Asset Management should deliver:

  • A. The maximum dividends for the organisation's shareholders
  • B. All false
  • C. The organisation's strategic objectives
  • D. The maximum level of service for the organisation's customers

Answer: C

Explanation:
Theprimary function of asset managementis to ensure that assets contribute to theachievement of strategic objectives, not solely customer service or shareholder return.
Exact Extract from ISO 55000:2014, Clause 2.3 - Purpose of Asset Management:
"Asset management enables an organization to realize value from assets in the achievement of its organizational objectives."


NEW QUESTION # 70
......

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