IAM-CERTIFICATE RELIABLE TEST SIMS & IAM-CERTIFICATE LATEST EXAM PATTERN

IAM-Certificate Reliable Test Sims & IAM-Certificate Latest Exam Pattern

IAM-Certificate Reliable Test Sims & IAM-Certificate Latest Exam Pattern

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Tags: IAM-Certificate Reliable Test Sims, IAM-Certificate Latest Exam Pattern, IAM-Certificate Valid Exam Registration, Dump IAM-Certificate Torrent, IAM-Certificate Exams Dumps

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IAM The Institute of Asset Management Certificate Sample Questions (Q20-Q25):

NEW QUESTION # 20
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

Explanation:
Leadership and commitmentfrom all tiers of the organization are foundational to the success of any asset management system. ISO 55001 places special emphasis onvisible support from top management, which sets the tone for engagement, resource allocation, and continuous improvement.
* Without this leadership, asset management initiatives often fail to embed within the culture or gain strategic relevance.
Exact Extract from ISO 55001:2014, Clause 5.1 - Leadership and Commitment:
"Top management shall demonstrate leadership and commitment with respect to the asset management system by ensuring the integration of asset management requirements into the organization's business processes."


NEW QUESTION # 21
The objectives that the organization wants to achieve from its asset management activities, are ....

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

Answer: D


NEW QUESTION # 22
A definition of asset management is:

  • A. The optimal maintenance an organisation undertakes on its assets?
  • B. a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations
  • C. A clear understanding of the linkages between each stage in the asset lifecycle?
  • D. The optimal life cycle management of physical assets to sustainably achieve the stated business objectives?

Answer: A


NEW QUESTION # 23
A key role of asset management is to assure the delivery of value, in line with,except:

  • A. Required residual risk profile
  • B. Company Profile
  • C. Return on Investment (ROI) and/or Return on Net Assets (RONA)
  • D. Agreed performance / levels of service

Answer: B

Explanation:
TheCompany Profileis a static representation and not a performance or risk-based metric. Asset management aims to deliver value through:
* Meeting service expectations
* Managing risk profiles
* Achieving financial performance measures
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 2.1 - Value:
"The value delivered by asset management is measured through outcomes such as levels of service, risk exposure, and financial returns."


NEW QUESTION # 24
Asset Management is explicitly focused on helping organisations to achieve their defined objectives and to determine the optimal blend of activities based on these objectives.

  • A. False
  • B. True

Answer: B

Explanation:
Comprehensive and Detailed in Depth Explanation along with Exact Extract from IAM's five subject areas:
This statement reflects the fundamental definition of asset management. The discipline isgoal-oriented and ensures that activities across the asset lifecycle are aligned to the organization's objectives.
Extract from IAM Document - Asset Management: An Anatomy (v4):
"Asset management is the coordinated activity of an organization to realize value from assets in support of its organizational objectives." (Section 1.1 - Definition of Asset Management)


NEW QUESTION # 25
......

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