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Pass Guaranteed IAM - Valid IAM-Certificate - Test The Institute of Asset Management Certificate Simulator FeeExamsReviews IAM-Certificate Web-Based Practice Test: For the The Institute of Asset Management Certificate (IAM-Certificate) web-based practice exam no special software installation is required. Because it is a browser-based IAM IAM-Certificate practice test. The web-based The Institute of Asset Management Certificate (IAM-Certificate) practice exam works on all operating systems like Mac, Linux, iOS, Android, and Windows. In the same way, IE, Firefox, Opera and Safari, and all the major browsers support the web-based IAM-Certificate practice test. IAM The Institute of Asset Management Certificate Sample Questions (Q92-Q97):NEW QUESTION # 92
Which of these statements is true:
A. Asset information should be guided by the relevance of the information to the assetmanagement decisions that need to be made about the asset
B. Asset information requirements should be derived according to the requirements set out in the IT department's procurement specification
C. Asset information should be collected on all measurable aspects of an asset's function and performance
Answer: A
Explanation:
Information collection must bepurpose-driven, not exhaustive or IT-defined. IAM emphasizes the"fitness- for-purpose"principle: collect only the data required to inform decision-making.
Exact Extract from IAM - Asset Information: Strategy, Management and Governance:
"Information requirements must be defined based on decision-making needs, not system capability or departmental standards."
NEW QUESTION # 93
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 # 94
What is PAS 55?
A. A BSI Previously Available Specification for the optimized management of physical assets
B. A BSI Previously Available Specification for the optimized management of financial assets
C. A BSI Publically Available Specification for the optimized management of physical assets
D. A BSI Publically Available Specification for the optimized management of financial assets
Answer: C
NEW QUESTION # 95
In what year did the term "asset management" start to be used!
A. 0
B. 1
C. 2
D. 3
Answer: D
NEW QUESTION # 96
Which of the following phrases describes best the key advantage of asset management over traditional approaches?
A. Asset management is primarily concerned with ensuring that resources are optimally used by putting into place effective planning regimes and processes to continually improve staff competence
B. Asset management ensures all asset interventions (for example maintenance or renewal intervals) are optimised with respect to risk
C. Asset management takes an optimised whole-life view of the work required on the asset portfolio to ensure current and future required levels of service are delivered
Answer: A
NEW QUESTION # 97
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