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[General] Updated Test IAM-Certificate Dumps Free for Real Exam

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【General】 Updated Test IAM-Certificate Dumps Free for Real Exam

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IAM The Institute of Asset Management Certificate Sample Questions (Q23-Q28):NEW QUESTION # 23
ISO 55001 defines seven sets of requirements for a management system for asset management,except...
  • A. Multi-level Planning for assets and asset management
  • B. Controlling
  • C. Defining the Organisational Context
  • D. Support for effective management
Answer: B
Explanation:
ISO 55001 outlinesseven requirements:
* Organizational context
* Leadership
* Planning
* Support
* Operation
* Performance evaluation
* Improvement
"Controlling" is not one of the defined system requirements.
Exact Extract from ISO 55001:2014 - Section Headings:
"The standard specifies requirements under seven core sections: Context, Leadership, Planning, Support, Operation, Performance Evaluation, and Improvement."

NEW QUESTION # 24
Which statement is INCORRECT?
  • A. The Asset Management Policy should be consistent and aligned with the corporate objectives and strategy
  • B. All above true
  • C. The Asset Management Policy should be consistent and aligned with all other relevant organisational policies
  • D. The Asset Management Policy should be derived from all other relevant organisationalpolicies
Answer: D
Explanation:
TheAsset Management Policyis notderived fromother policies-it isaligned withthem. It expresses high- level intent and governs other plans and strategies, not the reverse.
Exact Extract from ISO 55001:2014, Clause 5.2 - Asset Management Policy:
"The asset management policy shall be consistent with other relevant organizational policies and aligned with the organization's strategic plan."

NEW QUESTION # 25
Capital Investment Decision-Making comprises the processes to .....
  • A. Evaluate and analyse options for the creation of new assets
  • B. The replacement of modal at the end of their useful life
  • C. Decreasing the capability of assets
  • D. All false
Answer: A
Explanation:
Capital Investment Decision-Making is a structured process that evaluatesinvestment options, typically considering total lifecycle cost, business value, and risk. While asset replacement may be a consequence, the broader goal is optimization of value creation through new asset deployment.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.3.3 - Capital Investment Decision-Making:
"This includes identification, evaluation, and prioritization of investment options to create, upgrade or renew assets in alignment with organizational objectives."

NEW QUESTION # 26
In what year did the term "asset management" start to be used!
  • A. 0
  • B. 1
  • C. 2
  • D. 3
Answer: B

NEW QUESTION # 27
The following things are taken into consideration in developing an asset management strategy, except :
  • A. Consistency
  • B. Life cycle approach
  • C. Management needs
  • D. Asset requirements
Answer: C

NEW QUESTION # 28
......
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