NEW IAM-CERTIFICATE TEST VCE & IAM-CERTIFICATE CERTIFIED

New IAM-Certificate Test Vce & IAM-Certificate Certified

New IAM-Certificate Test Vce & IAM-Certificate Certified

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Tags: New IAM-Certificate Test Vce, IAM-Certificate Certified, Exam IAM-Certificate Questions Pdf, Best IAM-Certificate Practice, New IAM-Certificate Braindumps Pdf

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

NEW QUESTION # 13
The objectives that the organization wants to achieve from its asset management activities, are ....

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

Answer: D


NEW QUESTION # 14
Based on ISO 55000 regarding asset management system, which of the following statements is false!

  • A. Is not a software
  • B. Is application agnostic
  • C. Is a regulation to help the organization
  • D. Provides a documented foundation for the asset management operation

Answer: C


NEW QUESTION # 15
In what year did the term "asset management" start to be used?

  • A. 0
  • B. 1
  • C. 2
  • D. 3

Answer: C

Explanation:
The term "asset management" began emerging formally in theearly 1980s, particularly within infrastructure sectors. The IAM recognizes 1980 as the foundational point when structured approaches began to evolve around lifecycle and value-centric practices.
Reference from IAM historical insights:
"The structured use of the term 'asset management' began in the 1980s, focusing initially on infrastructure and utility sectors before becoming more universally adopted." (Source: IAM Historical Overview, Introduction to Asset Management)


NEW QUESTION # 16
Based on ISO 55000 regarding asset management system, which of the following statements is false?

  • A. Is not a software
  • B. Is application agnostic
  • C. Is a regulation to help the organization
  • D. Provides a documented foundation for the asset management operation

Answer: C

Explanation:
AnAsset Management Systemunder ISO 55000 is not a software product or regulation; itis amanagement system-a structured framework of policies, processes, and responsibilities used to achieve asset management objectives.
* Ais correct: The standard explicitly states it isnotsoftware.
* Bis correct: ISO 55000 is industry and platform agnostic.
* Cis correct: The standard provides a documented foundation for good asset management practices.
* Dis incorrect: ISO 55000 is a voluntary standard, not a regulation.
Exact Extract from ISO 55000:2014, Clause 2.5:
"An asset management system is a set of interrelated or interacting elements of an organization, to establish asset management policy and objectives, and the processes to achieve those objectives. It is not a software system."


NEW QUESTION # 17
When undertaking whole-life cost analysis it is important to remember that:

  • A. It is impossible to get the right answer unless all the data and information are understood
  • B. As many costs as possible should be included in the analysis ensuring these are consistently derived between analyses
  • C. The analysis should be completed without reference to other organisational functions to ensure independence

Answer: A

Explanation:
WhileOption Cis also valid practice,Option Ais more fundamental. Without complete and accurate data, whole-life cost models may lead to flawed conclusions, undermining decision-making.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.5.2 - Cost Modelling:
"Accuracy and completeness of input data are critical to ensuring reliability in whole-life cost analysis."


NEW QUESTION # 18
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