IAM-Certificate Dumps - The Institute of Asset Management Certificate Practice Exam Questions

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IAM-Certificate Sample Questions

Q1. Asset Management is important because it can help organisations to, except .....?

A) Reduce the capital costs of investing in the asset base
B) Increase the potential health impacts of operating the assets
C) Minimize the environmental impact of operating the assets
D) Improve the regulatory performance of the organisation

Answer: B

Q2. The objectives that the organization wants to achieve from its asset management activities, are ....

A) to describes an organization’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 True
D) A&B False

Answer: C

 

Q3. Which of the following phrases describes best the key advantage of asset management over traditional approaches?

a) Asset management ensures all asset interventions (for example maintenance or renewal intervals) are optimised with respect to risk
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 is primarily concerned with ensuring that resources are optimally used by putting into place effective planning regimes and processes to continually improve staff competence

Answer: C

 

Q4. A key role of asset management is to assure the delivery of value in line with:

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

Answer: D

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