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[General] IAM - Professional IAM-Certificate - The Institute of Asset Management Certifica

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【General】 IAM - Professional IAM-Certificate - The Institute of Asset Management Certifica

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IAM The Institute of Asset Management Certificate Sample Questions (Q64-Q69):NEW QUESTION # 64
To successfully establish, operate and improve asset management within an organisation, it is essential that leadership, and commitment, is demonstrated by all levels of management - from senior executives to supervisors.
  • A. True
  • B. False
Answer: A

NEW QUESTION # 65
When developing a new Strategic Asset Management Plan, which of the following pieces of information will be most relevant?
  • A. Cost of capital, demand forecasts, competitor analysis
  • B. Availability of finance, demand forecasts, risk appetite
  • C. Historic cost trends, demand forecasts, cost of capital
  • D. Availability of finance, demand forecasts, maintenance schedules
  • E. Availability of capital, service performance requirements, historic demand
Answer: B
Explanation:
AStrategic Asset Management Plan (SAMP)aligns long-term organizational objectives with asset strategy.
Key inputs includeavailable financial resources,demand forecasts, and theorganization's risk appetite- which determines how aggressively or conservatively assets will be managed.
Exact Extract from ISO 55002:2018, Clause 5.1 - Strategic Planning:
"Inputs to the strategic asset management plan include: demand forecasts, financial constraints, and organizational risk management approach."

NEW QUESTION # 66
Which of the following statements is true?
  • A. Assets is not a potential value to an organisation
  • B. Visible senior level leadership and commitment is insignificant in organisations
  • C. Good asset management has clear connectivity between an organisation's strategic plan and the value core
  • D. Assurance is the combination of monitoring and auditing
Answer: D

NEW QUESTION # 67
(Exposure to) the possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility, is the definition of .......
  • A. Risk
  • B. Cost
  • C. Asset
  • D. Value
Answer: A

NEW QUESTION # 68
Which of the following is best described as an Asset Management Objective?
  • A. Risk-based maintenance will deliver an improvement in the failure rate of assets of 10% for no increase in cost by September 2011
  • B. Risk based provide direction for Asset and Non-Asset Class Plannin
  • C. A risk-based approach to renewal and maintenance will be adopted
  • D. Risk-based maintenance will be introduced at Depot A in September 2011 with the following work volumes
Answer: C

NEW QUESTION # 69
......
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