LATEST IAM-CERTIFICATE BRAINDUMPS & IAM-CERTIFICATE LATEST DUMPS

Latest IAM-Certificate Braindumps & IAM-Certificate Latest Dumps

Latest IAM-Certificate Braindumps & IAM-Certificate Latest Dumps

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Tags: Latest IAM-Certificate Braindumps, IAM-Certificate Latest Dumps, Accurate IAM-Certificate Test, New IAM-Certificate Dumps Questions, IAM-Certificate Valid Test Pdf

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IAM The Institute of Asset Management Certificate Sample Questions (Q28-Q33):

NEW QUESTION # 28
The objectives that the organization wants to achieve from its asset management activities, are ....

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

Answer: A


NEW QUESTION # 29
Which of the following phrases describes best the key advantage of asset management over traditional approaches?

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

Answer: B

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 # 30
A policy is best defined as...

  • A. Action plans to attain objectives
  • B. Intentions and direction as formally expressed by top management
  • C. Overarching objectives setting context and direction
  • D. Activities to create value for customers
  • E. Temporary endeavor to create unique output

Answer: B

Explanation:
Apolicyis a formal statement of intent from senior leadership, expressing organizational direction, intent, and principles.
Exact Extract from ISO 55000:2014, Clause 3.1.7 - Definition of Policy:
"Policy: Intentions and direction of an organization, as formally expressed by its top management."


NEW QUESTION # 31
What is an Asset Management System as defined by PAS 55?

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

Answer: C

Explanation:
TheAsset Management Systemrefers to themanagement frameworkof policies, processes, and tools that collectively enable the achievement of asset-related objectives-not just IT or data systems.
Exact Extract from PAS 55-1:2008, Clause 3.3.1:
"Asset management system: The integrated set of processes, plans, and tools that collectively define and drive the asset management activities within the organization."


NEW QUESTION # 32
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 # 33
......

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