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[General] Instant IAM-Certificate Download | Test IAM-Certificate Tutorials

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【General】 Instant IAM-Certificate Download | Test IAM-Certificate Tutorials

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IAM The Institute of Asset Management Certificate Sample Questions (Q59-Q64):NEW QUESTION # 59
The purpose of an Asset Information Strategy is to:
  • A. Provide the overall framework and plan for asset information which will deliver the organisation's asset information requirements
  • B. Calculating the lowest cost options for the entire commercial life of a building
  • C. Specify the requirements for procuring the organisation's asset information system
  • D. Collate the standards which define the collection, storage and use of asset information
Answer: D

NEW QUESTION # 60
Which of the following is the LEAST important factor when considering the decommissioning of assets?
  • A. Obsolescence and lack of spare parts
  • B. Reduction in demand
  • C. Changes in performance levels to deliver the objectives for the organization
  • D. New technology in the market place
  • E. Changes to legislation
Answer: C
Explanation:
While performance degradation is important, it is typicallymanaged operationally.Obsolescence, legal requirements, and demand changesare more critical decommissioning drivers due to their irreversible or non-negotiable nature.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 3.4.5 - Disposal:
"Key triggers for asset disposal include: obsolescence, unavailability of parts, legislative change, and declining demand."

NEW QUESTION # 61
A key role of asset management is to assure the delivery of value in line with:
  • A. All True
  • B. Required residual risk profile
  • C. Return on Investment (ROI) and/or Return on Net Assets (RONA)
  • D. Agreed performance / levels of service
Answer: A
Explanation:
Asset management is designed to delivervalueby ensuring:
* Assets perform according to agreed service levels
* Financial returns (ROI/RONA) are optimized
* Risks are managed to an acceptable (residual) level
These components align with ISO 55000's definition of value realization through asset-related decisions.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 2.1 - Realizing Value:
"Asset management must deliver value through alignment with performance, financial returns, and risk tolerance criteria."

NEW QUESTION # 62
Characteristics of organisational context that affect what is achievable and worthwhile in asset management fall into three categories:
  • A. Scale and complexity of the asset portfolio
  • B. Volatility of the business environment
  • C. Asset systems criticality
  • D. All above true
Answer: D
Explanation:
Theorganizational contextdetermines how asset management strategies and objectivesare tailored. It includes internal and external factors such as asset complexity, environmental volatility, and the criticality of systems to business continuity.
Exact Extract from ISO 55001:2014, Clause 4.1 - Understanding the Organization and its Context:
"The organization shall determine external and internal issues relevant to its purpose and that affect its ability to achieve the intended outcomes of its asset management system."

NEW QUESTION # 63
What are the main cost elements of a whole-life cost approach?
  • A. Installation, maintenance and operations, and disposal costs
  • B. Asset deterioration and reliability costs
  • C. Installation, failure and refurbishment costs
  • D. maintenance, associated financing costs refurbishment, and disposal costs
Answer: A

NEW QUESTION # 64
......
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