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[Hardware] New IAM-Certificate Exam Questions | Exam IAM-Certificate Guide

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【Hardware】 New IAM-Certificate Exam Questions | Exam IAM-Certificate Guide

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IAM The Institute of Asset Management Certificate Sample Questions (Q55-Q60):NEW QUESTION # 55
Assurance is the combination of monitoring and control (of processes and outcomes) to confirm the assets, systems and processes are operating as intended.
  • A. False
  • B. True
Answer: A

NEW QUESTION # 56
What is an Asset Management System as defined by PAS 55?
  • A. The system by which organisations can manage and influence stakeholder requirements
  • B. The asset information technology system used for collating and analysing asset data
  • C. The asset system which organises all data management activities
  • D. The management system which organises and drives all asset management activities
Answer: D

NEW QUESTION # 57
Which of the following statements is true:
  • A. Corporate objectives are derived from the Asset Management strategy
  • B. Corporate objectives should be set by comparing the organisation's performance to its most closest associated peer
  • C. Corporate objectives drive the activities within the Asset Management system
Answer: C
Explanation:
Theflow of alignmentis from top-levelcorporate objectives#AM strategy#AM objectives#plans and activities. The reverse (A) is incorrect. C may be a benchmarking approach but is not a guiding principle.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.1 - Strategic Alignment:
"Asset management must be aligned with corporate objectives and not the other way around. Organizational priorities set the direction for asset-related strategies."

NEW QUESTION # 58
Which of the following is NOT normally an input to an asset management plan?
  • A. Demand forecast
  • B. Asset Management Objectives
  • C. Asset knowledge
  • D. Organizational objectives
  • E. Maintenance schedules
Answer: E
Explanation:
Maintenance schedulesare theoutputof planning rather than a prerequisite input. The other options are critical drivers in determining what actions should be planned.
Exact Extract from ISO 55002:2018, Clause 6.2 - Planning for AM Objectives:
"Inputs include asset information, demand forecasts, AM objectives, organizational priorities, and risk assessments."

NEW QUESTION # 59
Which of the following statements is true?
  • A. Strategic planning is usually undertaken as part of the overall organisational management
  • B. Strategic planning is the process for establishing asset management objectives and developing the asset management strategy
  • C. Strategic planning is describes how the organisation will develop and improve its asset management capabilities
  • D. Strategic planning explicitly considers the life cycle of the assets and the interdependencies between each of the life cycle stages
Answer: B
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 # 60
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