IAM-Certificate Practice Questions

A.  

Maintenance Planning Process

B.  

Reliability Engineering Process

C.  

Change Request Process

D.  

Contingency Planning Process

E.  

Spares Provisioning Process

A.  

The period of time until maintenance costs of an asset are exceeding boundaries specified by stakeholders

B.  

The period of time until an asset is physically non-functioning

C.  

The number of years until an asset is fully depreciated and has reached an economic value of 'zero' in the asset register

D.  

The amount of time specified by the original equipment manufacturer

E.  

The period of time for which the asset can economically perform a required function

A.  

The process of Maintenance the best value compromise between a set of competing factors, in order to support asset management decision-making

B.  

The process of establishing the best value compromise between a set of competing factors, in order to support asset management decision-making

C.  

The process of control the best value compromise between a set of competing factors, in order to support asset management decision-making

D.  

The process of review the best value compromise between a set of competing factors, in order to support asset management decision-making

A.  

Agreed performance / levels of service

B.  

Company Profile

C.  

Required residual risk profile

D.  

Return on Investment (ROI) and/or Return on Net Assets (RONA)

A.  

Asset Management Policy, Strategy, Objectives and Plans

B.  

Asset Management Strategy, Policy, Objectives and Plans

C.  

Asset Management Policy, Plans, Strategy and Objectives

D.  

Asset Management Policy, Objectives, Strategy and Plans

A.  

A risk-based approach to renewal and maintenance will be adopted

B.  

Risk-based maintenance will deliver an improvement in the failure rate of assets of 10% for no increase in cost by September 2011

C.  

Risk-based maintenance will be introduced at Depot A in September 2011 with the following work volumes

D.  

Risk based provide direction for Asset and Non-Asset Class Planning

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

A.  

Ageing assets

B.  

Poor asset condition

C.  

Capital investment in new assets

D.  

Increased number of asset failures that affect service levels

E.  

Interest rates

A.  

Historical demand

B.  

Drivers for demand and the change in demand over time

C.  

Changes in required levels of service and/or products

D.  

All above true

A.  

A strategic and analytical approach to the management of a business’s assets

B.  

A project management system

C.  

A substitute for quality management

D.  

All False