Title: 100% Pass Quiz 2026 Valid IAM-Certificate: The Institute of Asset Management Cer [Print This Page] Author: markfis332 Time: 13 hour before Title: 100% Pass Quiz 2026 Valid IAM-Certificate: The Institute of Asset Management Cer P.S. Free 2026 IAM IAM-Certificate dumps are available on Google Drive shared by RealValidExam: https://drive.google.com/open?id=1yscdO8jK_Z6jT_54cSp-YLdHRZBt8LoS
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Which of these statements is UNTRUE?
A. Asset information is always worth collecting regardless of cost
B. Asset information has maintenance costs as well as collection costs
C. Asset information can be treated as an asset in its own right
Answer: A
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 # 54
The asset management strategy will:
A. Consider how to encourage customer demand
B. Consider how and why current and future customer requirements are assessed
C. Consider how to discourage future demand growth
D. Consider what customers want and how to limit change
E. Focus on historical customer requirements for forecasting
Answer: B
Explanation:
A sound strategy evaluatesfuture customer needsto ensureasset capability and investment planningis aligned. Backward-looking or restrictive approaches do not align with proactive asset management.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.3 - Demand Analysis:
"Asset strategies must reflect an understanding of both current and future customer requirements, including external drivers of demand."
NEW QUESTION # 55
External stakeholders can influence asset management activities within an organisation by:
A. Influencing the Organisational Strategic Plan through structured engagement
B. Defining the renewal and maintenance policies which govern the creation of the asset management plan
C. Having the power of veto over what the organisation does
Answer: A
NEW QUESTION # 56
Value based on AM is ......
A. Waste elimination
B. The Assets
C. Value objective
D. Value creation.
Answer: B
NEW QUESTION # 57
The benefits of an asset management system are...
A. A-B-C are true
B. Establish roles and responsibilities
C. Formalizes asset management
D. Bring best practices into the organization
Answer: A
Explanation:
An asset management system, especially when aligned with ISO 55000, delivers comprehensive business benefits, including structured role clarity, procedural discipline, and the integration of industry best practices.
This leads to more transparent governance, accountability, and performance management across the asset lifecycle.
* Ais true: It transforms informal practices into formal procedures.
* Bis true: Clearly defines roles and governance responsibilities.
* Cis true: Embeds global best practices via systematic frameworks.
Exact Extract from ISO 55000:2014, Clause 3.4:
"An asset management system enables an organization to achieve its asset management objectives and derive value from its assets... It formalizes roles and responsibilities and incorporates recognized practices."
NEW QUESTION # 58
......
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