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The Institute of Asset Management Certificate Study Training Dumps Grasped the C

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The Institute of Asset Management Certificate Study Training Dumps Grasped the C

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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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