IAM-CERTIFICATE VALID EXAM REGISTRATION & CERTIFICATION SUCCESS GUARANTEED, EASY WAY OF TRAINING & IAM THE INSTITUTE OF ASSET MANAGEMENT CERTIFICATE

IAM-Certificate Valid Exam Registration & Certification Success Guaranteed, Easy Way of Training & IAM The Institute of Asset Management Certificate

IAM-Certificate Valid Exam Registration & Certification Success Guaranteed, Easy Way of Training & IAM The Institute of Asset Management Certificate

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Tags: IAM-Certificate Valid Exam Registration, IAM-Certificate Study Materials Review, Exam Dumps IAM-Certificate Collection, Visual IAM-Certificate Cert Exam, IAM-Certificate Valid Mock Test

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IAM The Institute of Asset Management Certificate Sample Questions (Q42-Q47):

NEW QUESTION # 42
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. Collate the standards which define the collection, storage and use of asset information
  • D. Specify the requirements for procuring the organisation's asset information system

Answer: A

Explanation:
TheAsset Information Strategydefines how asset data is governed, managed, and utilized across its lifecycle.
It supports quality, accessibility, and traceability of information.
Exact Extract from IAM - Asset Information Strategy:
"The strategy provides the plan and framework that supports the effective management and use of asset information aligned to asset management objectives."


NEW QUESTION # 43
The objectives that the organization wants to achieve from its asset management activities, are ....

  • A. A & B True
  • B. to describe an organisation's long-term approach to managing its assets
  • C. A & B False
  • D. the future capability and performance requirements of assets, asset systems and the asset portfolio as a whole

Answer: A

Explanation:
Asset management objectives capture bothstrategic intentandperformance expectations. They serve as the basis for determining investment priorities, risk controls, and lifecycle decisions.
* Arefers to the long-term vision of asset management.
* Bspecifies measurable technical and functional requirements.Both are correct and together form the foundation of asset-centric organizational planning.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.3.1 - Asset Management Objectives:
"Asset management objectives describe what the organization aims to achieve from managing its assets, including both long-term direction and specific capability and performance outcomes."


NEW QUESTION # 44
The following things are taken into consideration in developing an asset management strategy,except:

  • A. Consistency
  • B. Life cycle approach
  • C. Asset requirements
  • D. Management needs

Answer: D

Explanation:
When developing anasset management strategy, key elements include:
* Consistencywith the organizational context and policy.
* Alife cycle approach, covering all asset phases.
* Clear understanding ofasset requirementsto meet future demand and performance expectations.
Management needs, while important for operational support, are not a core component of strategic development and are therefore the correct exclusion.
Exact Extract from ISO 55001:2014, Clause 6.2 - Asset Management Objectives and Planning:
"The strategy must consider the asset lifecycle, ensure consistency with organizational objectives, and define asset requirements."


NEW QUESTION # 45
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

Explanation:
While stakeholders typically donot dictate policies, theyinfluence strategic planningthrough expectations, regulation, or partnership. Structured engagement ensures alignment with external needs.
Exact Extract from ISO 55000:2014, Clause 2.5 - Stakeholder Requirements:
"Organizations must engage with stakeholders to ensure that their expectations are considered in the development of asset management objectives and strategies."


NEW QUESTION # 46
Which of the following is typically NOT a capital investment?

  • A. Asset renewal
  • B. Safety inspections
  • C. Property acquisition
  • D. Replacement assets
  • E. Asset creation

Answer: B

Explanation:
Capital investmentrefers to spending on assets that will deliver value over the long term, typically involving creation, acquisition, renewal, or enhancementof assets.Safety inspections, however, are anoperational expense (Opex)and part of regular maintenance and compliance activities.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.3.3 - Capital Investment Decision-Making:
"Capital investment includes asset creation, acquisition, or major renewal. Routine inspections and maintenance activities are operational expenditures."


NEW QUESTION # 47
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