Free The Institute of Asset Management Certificate Practice Questions

A.  

Linking decisions to the overall business objectives

B.  

Applying a whole-life perspective

C.  

Reducing the costs of investments

D.  

All of above false

A.  

Acquire - Corporate - Operate - Dispose

B.  

Acquire - Commission - Operate - Diaspora

C.  

Acquire - Commission - Operate - Dispose

D.  

Acquire - Commission - Performance - Dispose

A.  

Asset data configuration

B.  

Asset register

C.  

Project handback to operations

D.  

Maintenance special tools

E.  

Future demand

A.  

Consistency, Appropriateness, Maintenance, A framework, Communication

B.  

Consistency, A priori, Commitment, A framework, Communication

C.  

Consistency, A priori, Commitment, Balancing, Communication

D.  

Consistency, Appropriateness, Commitment, A framework, Communication

A.  

The effect of uncertainty on an organisation's objectives

B.  

An organisation's tolerance to uncertainty

C.  

An organisation's appetite to uncertainty

D.  

The effect of meeting an organisation's objectives

E.  

The impact of uncertainty

A.  

The Risk Management Strategy

B.  

The Capital Budget

C.  

The Operational Budget

D.  

The Resourcing Strategy

E.  

The Asset Management Objectives

A.  

True

B.  

False

A.  

Availability of finance, demand forecasts, maintenance schedules

B.  

Availability of finance, demand forecasts, risk appetite

C.  

Availability of capital, service performance requirements, historic demand

D.  

Historic cost trends, demand forecasts, cost of capital

E.  

Cost of capital, demand forecasts, competitor analysis

A.  

Value creation

B.  

Waste elimination

C.  

Value objective

D.  

The Assets

A.  

It is consistent with the organizational strategic plan

B.  

It is appropriate for the type of organization

C.  

It commits the organization to compliance with relevant laws

D.  

It provides for continual improvement

E.  

It is fully detailed on every aspect