DISCOUNT IAM-CERTIFICATE CODE, IAM-CERTIFICATE VALID EXAM BLUEPRINT

Discount IAM-Certificate Code, IAM-Certificate Valid Exam Blueprint

Discount IAM-Certificate Code, IAM-Certificate Valid Exam Blueprint

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IAM The Institute of Asset Management Certificate Sample Questions (Q13-Q18):

NEW QUESTION # 13
IAM based decision produce real saving, where saving develop from, except ......

  • A. Compliment asset
  • B. Cost Effectiveness
  • C. Cost Avoidance
  • D. Efficiency gains

Answer: A


NEW QUESTION # 14
There are many factors that can drive the decommissioning of assets,except:

  • A. Compliance with changes in legislation
  • B. Cost of retaining in service
  • C. Obsolete technology
  • D. Excess of service capacity

Answer: A

Explanation:
Whilelegislative compliancetypically drives asset upgrades or operational adjustments, itdoes not directly trigger decommissioning. Instead, decommissioning is usually influenced by:
* Obsolescence(e.g., technology no longer supported)
* Overcapacity(asset redundancy)
* Operational cost(prohibitive maintenance or energy expense)
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 3.4.5 - Life Cycle Stage:
Disposal/Decommissioning:
"Typical drivers include condition, cost of retention, obsolescence, redundancy, and safety concerns."


NEW QUESTION # 15
There are 4 fundamentals in asset management, including ....

  • A. Value, Alignment, Proggresive and Assurance
  • B. Value, Alignment, Leadership and Insurance
  • C. Value, Competitif, Leadership and Assurance
  • D. Value, Alignment, Leadership and Assurance

Answer: D


NEW QUESTION # 16
The following things are taken into consideration in developing an asset management strategy,except:

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

Answer: C

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 # 17
Which of the following phrases describes best the key advantage of asset management over traditional approaches?

  • A. 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
  • 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 ensures all asset interventions (e.g., maintenance or renewal intervals) are optimised with respect to risk

Answer: A

Explanation:
OptionBaccurately reflects thewhole-life, value-driven perspectivethat distinguishes asset management. A and C are important aspects but do not encompass the full scope and philosophy of asset management as well as B does.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 1.1 - What Is Asset Management:
"Asset management differs from traditional operations and maintenance by adopting a whole-life view to optimize asset-related activities and value realization."


NEW QUESTION # 18
......

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