[Nov-2024] Latest IAM IAM-Certificate exam dumps and online Test Engine
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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
NEW QUESTION # 21
A key role of asset management is to assure the delivery of value, in line with, except :
- A. agreed performance / levels of service
- B. Required residual risk profile
- C. Company Profile
- D. Return on Investment (ROI) and/or Return on Net Assets (RONA
Answer: C
NEW QUESTION # 22
What is an Asset Management System as defined by PAS 55?
- A. The management system which organises and drives all asset management activities
- B. The asset information technology system used for collating and analysing asset data
- C. The system by which organisations can manage and influence stakeholder requirements
- D. The asset system which organises all data management activities
Answer: A
NEW QUESTION # 23
Which of these is NOT a key principle of asset management?
- A. Applying a whole-life perspective
- B. Linking decisions to the overall business objectives
- C. All of above false
- D. Reducing the costs of investments
Answer: D
NEW QUESTION # 24
IAM based decision produce real saving, where saving develop from, except ......
- A. Compliment asset
- B. Cost Avoidance
- C. Efficiency gains
- D. Cost Effectiveness
Answer: A
NEW QUESTION # 25
Asset Management is explicitly focussed 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
NEW QUESTION # 26
Value based on AM is ......
- A. Value creation.
- B. Value objective
- C. Waste elimination
- D. The Assets
Answer: D
NEW QUESTION # 27
Which of the following statements is true !
- A. Strategic planning is usually undertaken as part of the overall organisational management
- B. Strategic planning is describes how the organisation will develop and improve its asset management capabilities
- C. Strategic planning is the process for establishing asset management objectives and developing the asset management strategy
- D. Strategic planning explicitly considers the life cycle of the assets and the interdependencies between each of the life cycle stages
Answer: C
NEW QUESTION # 28
There are 4 fundamentals in asset management, including ....
- A. Value, Alignment, Leadership and Assurance
- B. Value, Alignment, Leadership and Insurance
- C. Value, Competitif, Leadership and Assurance
- D. Value, Alignment, Proggresive and Assurance
Answer: A
NEW QUESTION # 29
Which of these statements is UNTRUE?
- A. Asset information is always worth collecting regardless of cost
- B. Asset information has maintenance costs as well as collection costs
- C. Asset information can be treated as an asset in its own right
Answer: A
NEW QUESTION # 30
External stakeholders can influence asset management activities within an organisation by:
- A. Influencing the Organisational Strategic Plan through structured engagement
- B. Having the power of veto over what the organisation does
- C. Defining the renewal and maintenance policies which govern the creation of the asset management plan
Answer: A
NEW QUESTION # 31
The term optimizing describes.
- A. The process of establishing the best value compromise between a set of competing factors, in order to support asset management decision-making
- B. The process of control the best value compromise between a set of competing factors, in order to support asset management decision-making
- C. The process of review the best value compromise between a set of competing factors, in order to support asset management decision-making
- D. The process of Maintenance the best value compromise between a set of competing factors, in order to support asset management decision-making
Answer: A
NEW QUESTION # 32
A vital element underpinning successful asset management, are .....
- A. Consistent
- B. A-B-C True
- C. Competent
- D. Optimal decision-making
Answer: B
NEW QUESTION # 33
A key role of asset management is to assure the delivery of value in line with:
- A. Return on Investment (ROI) and/or Return on Net Assets (RONA.
- B. Required residual risk profile
- C. All True
- D. Agreed performance / levels of service
Answer: C
NEW QUESTION # 34
ISO 55001 defines seven sets of requirements for a management system for asset management, except ...
- A. Multi-level Planning for assets and asset management
- B. Controlling
- C. Defining the Organisational Context
- D. Support for effective management
Answer: B
NEW QUESTION # 35
Which of the following statements is true:
- A. Corporate objectives are derived from the Asset Management strategy
- B. Corporate objectives should be set by comparing the organisation's performance to its most closest associated peer
- C. Corporate objectives drive the activities within the Asset Management system
Answer: C
NEW QUESTION # 36
What are the main cost elements of a whole-life cost approach?
- A. Asset deterioration and reliability costs
- B. maintenance, associated financing costs refurbishment, and disposal costs
- C. Installation, maintenance and operations, and disposal costs
- D. Installation, failure and refurbishment costs
Answer: C
NEW QUESTION # 37
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