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[General] 100% Pass IAM - IAM-Certificate - The Institute of Asset Management Certificate–

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【General】 100% Pass IAM - IAM-Certificate - The Institute of Asset Management Certificate–

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IAM The Institute of Asset Management Certificate Sample Questions (Q40-Q45):NEW QUESTION # 40
A vital element underpinning successful asset management, are .....
  • A. Competent
  • B. A-B-C True
  • C. Optimal decision-making
  • D. Consistent
Answer: B

NEW QUESTION # 41
Based on ISO 55000 regarding asset management system, which of the following statements is false!
  • A. Is not a software
  • B. Provides a documented foundation for the asset management operation
  • C. Is application agnostic
  • D. Is a regulation to help the organization
Answer: D

NEW QUESTION # 42
Effective asset management can enhance an organization's reputation and its ability to .......?
  • A. Meet its regulatory and statutory obligations
  • B. Operate safely.
  • C. Reduce the cost of managing assets over their lives.
  • D. All true
Answer: D
Explanation:
Effective asset managementis a driver for multiple benefits, including operational excellence, regulatory compliance, stakeholder trust, and cost control. These outcomes are explicitly stated as the goals of adopting ISO 55000 principles.
* Safe operations result from well-maintained and risk-managed assets.
* Cost optimization is achieved through lifecycle planning.
* Regulatory compliance is improved via standardized governance processes.
Exact Extract from ISO 55000:2014, Clause 2.4 - Benefits of Asset Management:
"Effective asset management supports the realization of value from assets and can contribute to improved financial performance, informed asset investment decisions, managed risk, and demonstrated regulatory compliance."

NEW QUESTION # 43
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. Asset systems criticality
  • C. Volatility of the business environment
  • 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 # 44
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. Support for effective management
  • D. Defining the Organisational Context
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 # 45
......
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