Best Preparations of IAM-Certificate Exam 2025 IAM Certification Unlimited 60 Questions
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NEW QUESTION # 15
According to ISO 55000, assets is .....
- A. A type of investment that represents an ownership share in a company
- B. Refers to all the materials available in our environment
- C. Item, thing or entity that has potential or actual value to an organization.
- D. Processed, organized and structured data
Answer: C
NEW QUESTION # 16
The comparison between Lean and Asset Management, are ......
- A. All about Value, Risk, Maintenance
- B. All about Security System
- C. All about Purpose, Process, People
- D. All about Asset, People, System
Answer: C
NEW QUESTION # 17
What is the purpose of whole-life cost analysis?
- A. To determine the renewal costs at the end of an asset's life
- B. To determine the most important costs associated with an asset
- C. To determine the option for a particular decision which has the lowest costs over the life of the asset
Answer: C
NEW QUESTION # 18
Which of the following statements is true:
- A. Corporate objectives should be set by comparing the organisation's performance to its most closest associated peer
- B. Corporate objectives are derived from the Asset Management strategy
- C. Corporate objectives drive the activities within the Asset Management system
Answer: C
NEW QUESTION # 19
Which of the following phrases describes best the key advantage of asset management over traditional approaches?
- A. Asset management ensures all asset interventions (for example maintenance or renewal intervals) are optimised with respect to risk
- B. Asset management is primarily concerned with ensuring that resources are optimally used by putting into place effective planning regimes and processes to continually improve staff competence
- C. Asset management takes an optimised whole-life view of the work required on the asset portfolio to ensure current and future required levels of service are delivered
Answer: B
NEW QUESTION # 20
The term optimizing describes.
- A. The process of establishing the best value compromise between a set of competing factors, in order to support asset management decision-making
- B. The process of Maintenance the best value compromise between a set of competing factors, in order to support asset management decision-making
- C. The process of review the best value compromise between a set of competing factors, in order to support asset management decision-making
- D. The process of control the best value compromise between a set of competing factors, in order to support asset management decision-making
Answer: A
NEW QUESTION # 21
Asset Management is important because it can help organisations to, except .....?
- A. Minimize the environmental impact of operating the assets
- B. Reduce the capital costs of investing in the asset base
- C. Improve the regulatory performance of the organisation
- D. Increase the potential health impacts of operating the assets
Answer: D
NEW QUESTION # 22
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. Collate the standards which define the collection, storage and use of asset information
- C. Specify the requirements for procuring the organisation's asset information system
- D. Calculating the lowest cost options for the entire commercial life of a building
Answer: B
NEW QUESTION # 23
When undertaking whole-life cost analysis it is important to remember that:
- A. The analysis should be completed without reference to other organisational functions to ensure independence
- B. As many costs as possible should be included in the analysis ensuring these are consistently derived between analyses
- C. It is impossible to get the right answer unless all the data and information are understood
Answer: C
NEW QUESTION # 24
What is PAS 55?
- A. A BSI Publically Available Specification for the optimized management of physical assets
- B. A BSI Previously Available Specification for the optimized management of financial assets
- C. A BSI Publically Available Specification for the optimized management of financial assets
- D. A BSI Previously Available Specification for the optimized management of physical assets
Answer: A
NEW QUESTION # 25
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. False
- B. True
Answer: B
NEW QUESTION # 26
What is the correct top-down hierarchy order for the following PAS 55 defined documents?
- A. Asset Management Strategy, Policy, Objectives and Plans
- B. Asset Management Policy, Objectives, Strategy and Plans
- C. Asset Management Policy, Plans, Strategy and Objectives
- D. Asset Management Policy, Strategy, Objectives and Plans
Answer: D
NEW QUESTION # 27
Assurance is the combination of monitoring and control (of processes and outcomes) to confirm the assets, systems and processes are operating as intended.
- A. True
- B. False
Answer: B
NEW QUESTION # 28
Which statement is INCORRECT?
- A. The Asset Management Policy should be consistent and aligned with all other relevant organisational policies
- B. The Asset Management Policy should be derived from all other relevant organisational policies
- C. All above true
- D. The Asset Management Policy should be consistent and aligned with the corporate objectives and strategy
Answer: B
NEW QUESTION # 29
There are 4 fundamentals in asset management, including ....
- A. Value, Competitif, Leadership and Assurance
- B. Value, Alignment, Leadership and Assurance
- C. Value, Alignment, Leadership and Insurance
- D. Value, Alignment, Proggresive and Assurance
Answer: B
NEW QUESTION # 30
There are many factors that can drive the decommissioning of assets, expect:
- A. cost of retaining in service
- B. obsolete technology
- C. compliance with changes in legislation
- D. excess of service capacity
Answer: C
NEW QUESTION # 31
Which are included in the asset life cycle :
- A. Acquire - Commission - Performance- Dispose
- B. Acquire - Commission - Operate - Dispose
- C. Acquire - Corporate- Operate - Dispose
- D. Acquire - Commission - Operate - Diaspora
Answer: B
NEW QUESTION # 32
IAM based decision produce real saving, where saving develop from, except ......
- A. Efficiency gains
- B. Cost Effectiveness
- C. Cost Avoidance
- D. Compliment asset
Answer: D
NEW QUESTION # 33
External stakeholders can influence asset management activities within an organisation by:
- A. Defining the renewal and maintenance policies which govern the creation of the asset management plan
- B. Having the power of veto over what the organisation does
- C. Influencing the Organisational Strategic Plan through structured engagement
Answer: C
NEW QUESTION # 34
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