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[General] IAM-Certificate Dumps - The Institute of Asset Management Certificate Exam Quest

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【General】 IAM-Certificate Dumps - The Institute of Asset Management Certificate Exam Quest

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IAM The Institute of Asset Management Certificate Sample Questions (Q25-Q30):NEW QUESTION # 25
IAM-based decisions produce real savings, where savings develop from,except......
  • A. Efficiency gains
  • B. Compliment asset
  • C. Cost Avoidance
  • D. Cost Effectiveness
Answer: B
Explanation:
IAM-compliant practices help generate organizational savings by improving efficiency, reducing unnecessary costs, and enabling cost-effective decision-making. These outcomes are typically derived from structured planning and lifecycle optimization.
* Efficiency Gains: Streamlining processes to use fewer resources.
* Cost Avoidance: Proactively preventing unnecessary expenditure through better decisions.
* Cost Effectiveness: Choosing actions that yield the best return on investment.
Compliment Assetis not a relevant financial or asset management term-it appears to be a typographical or conceptual error and is therefore the correct answer to identify as invalid.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 2.2 - The Benefits of Asset Management:
"Benefits include cost reduction, efficiency gains, increased asset performance, and risk-informed cost avoidance."

NEW QUESTION # 26
Which of the following is typically NOT a capital investment?
  • A. Replacement assets
  • B. Asset creation
  • C. Asset renewal
  • D. Property acquisition
  • E. Safety inspections
Answer: E
Explanation:
Capital investmentrefers to spending on assets that will deliver value over the long term, typically involving creation, acquisition, renewal, or enhancementof assets.Safety inspections, however, are anoperational expense (Opex)and part of regular maintenance and compliance activities.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.3.3 - Capital Investment Decision-Making:
"Capital investment includes asset creation, acquisition, or major renewal. Routine inspections and maintenance activities are operational expenditures."

NEW QUESTION # 27
Which of the following statements is true?
  • A. Strategic planning is usually undertaken as part of the overall organisational management
  • B. Strategic planning explicitly considers the life cycle of the assets and the interdependencies between each of the life cycle stages
  • C. Strategic planning is describes how the organisation will develop and improve its asset management capabilities
  • D. Strategic planning is the process for establishing asset management objectives and developing the asset management strategy
Answer: D
Explanation:
Strategic asset management planningis the process of translating the organization's high-level objectives intotangible asset management strategiesand performance targets.
* Option Arefers to capability development (partially true but incomplete).
* Option Bis correct as per ISO 55001 and IAM guidance.
* Option Cis general and non-specific.
* Option Dis relevant, but more operational in scope.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.3.2 - Strategic Planning:
"Strategic planning links the organization's objectives to asset management objectives, setting out how the organization intends to manage its assets in alignment with these broader goals."

NEW QUESTION # 28
The term optimizing describes.
  • A. The process of control the best value compromise between a set of competing factors, in order to support asset management decision-making
  • B. The process of review the best value compromise between a set of competing factors, in order to support asset management decision-making
  • C. The process of Maintenance the best value compromise between a set of competing factors, in order to support asset management decision-making
  • D. The process of establishing the best value compromise between a set of competing factors, in order to support asset management decision-making
Answer: D

NEW QUESTION # 29
This covers everything the goes into planning, designing and procuring an asset.
  • A. Acquire
  • B. Operate
  • C. Dispose
  • D. Commission
Answer: A

NEW QUESTION # 30
......
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