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High-quality IAM-Certificate Reliable Test Test & Perfect IAM-Certificate Download Free Dumps & Free PDF Latest Braindumps IAM-Certificate Ppt

High-quality IAM-Certificate Reliable Test Test & Perfect IAM-Certificate Download Free Dumps & Free PDF Latest Braindumps IAM-Certificate Ppt

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IAM The Institute of Asset Management Certificate Sample Questions (Q75-Q80):

NEW QUESTION # 75
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 # 76
What is an Asset Management System as defined by PAS 55?

  • A. The asset information technology system used for collating and analysing asset data
  • B. The asset system which organises all data management activities
  • C. The management system which organises and drives all asset management activities
  • D. The system by which organisations can manage and influence stakeholder requirements

Answer: C


NEW QUESTION # 77
In conducting a demand analysis, there are several elements to consider:

  • A. Historical demand
  • B. All above true
  • C. Drivers for demand and the change in demand over time
  • D. Changes in required levels of service and/or products

Answer: B

Explanation:
Ademand analysiswithin asset management evaluates how and why asset usage requirements may change.
This includes:
* Historical Demand- to establish trends and baselines.
* Drivers for Change- such as population growth, regulation, or technology.
* Service Level Requirements- what performance levels or capacities are expected in the future.
All listed options are integral for projecting future asset requirements and aligning lifecycle strategies accordingly.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.2.1 - Demand Analysis:
"Demand analysis includes reviewing historical demand, identifying drivers for future changes, and forecasting changes in required levels of service and output."


NEW QUESTION # 78
For investment, it is important that the risk management processes adequately identify, assess and manage asset-related risks:

  • A. That vary with time
  • B. That are fixed in time
  • C. That do not consider time
  • D. That match investment periods
  • E. That align with historic events

Answer: A

Explanation:
Asset-related risks evolve over time, due to condition changes, usage patterns, environmental factors, and technological obsolescence. Therefore, risk assessments must account fordynamic, time-varying risk profiles
, especially in investment planning and forecasting.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.5.2 - Risk-Based Decision- Making:
"Risks are not static. Their likelihood and consequence change over time and should be continuously assessed in line with asset lifecycle and investment horizons."


NEW QUESTION # 79
Which of the following is best described as an Asset Management Objective?

  • A. Risk-based maintenance will deliver an improvement in the failure rate of assets of 10% for no increase in cost by September 2011
  • B. Risk based provide direction for Asset and Non-Asset Class Planning
  • C. Risk-based maintenance will be introduced at Depot A in September 2011 with the following work volumes
  • D. A risk-based approach to renewal and maintenance will be adopted

Answer: D

Explanation:
AnAsset Management Objectiveis typically astrategic-level goal, not overly detailed or time-bound. It focuses on intent, such as adopting a methodology or aligning with a principle. Option B and C are performance targets or KPIs. D is grammatically incorrect.
Exact Extract from ISO 55001:2014, Clause 6.2 - Asset Management Objectives:
"Objectives shall be consistent with the asset management policy, measurable (if practicable), and aligned with achieving value from assets."


NEW QUESTION # 80
......

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