THREE EASY-TO-USE 2PASS4SURE IAM IAM-CERTIFICATE EXAM QUESTIONS FORMATS

Three Easy-to-Use 2Pass4sure IAM IAM-Certificate Exam Questions Formats

Three Easy-to-Use 2Pass4sure IAM IAM-Certificate Exam Questions Formats

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IAM The Institute of Asset Management Certificate Sample Questions (Q49-Q54):

NEW QUESTION # 49
Which of the following statements best describes the difference between an Asset Management Policy and an Asset Management Strategy?

  • A. Policy defines financial trade-offs; strategy summarizes planning
  • B. Policy defines objectives and time; strategy defines principles
  • C. Policy defines principles; strategy defines objectives and time
  • D. Policy defines objectives and time; strategy summarizes work plans
  • E. Policy defines principles; strategy certifies condition

Answer: C

Explanation:
Thepolicydefines the guiding principles, while thestrategytranslates these into organizational objectives and the approach to achieve them.
Exact Extract from ISO 55001:2014, Clause 5.2 and Clause 6.2:
"The policy provides the framework for objectives. The strategy identifies how to achieve them through organizational planning and resource alignment."


NEW QUESTION # 50
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. True
  • B. False

Answer: A


NEW QUESTION # 51
There are many factors that can drive the decommissioning of assets,except:

  • A. Compliance with changes in legislation
  • B. Cost of retaining in service
  • C. Obsolete technology
  • D. Excess of service capacity

Answer: A

Explanation:
Whilelegislative compliancetypically drives asset upgrades or operational adjustments, itdoes not directly trigger decommissioning. Instead, decommissioning is usually influenced by:
* Obsolescence(e.g., technology no longer supported)
* Overcapacity(asset redundancy)
* Operational cost(prohibitive maintenance or energy expense)
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 3.4.5 - Life Cycle Stage:
Disposal/Decommissioning:
"Typical drivers include condition, cost of retention, obsolescence, redundancy, and safety concerns."


NEW QUESTION # 52
Which of the following types of information would NOT normally be required for the development of an asset management plan?

  • A. Asset Register
  • B. Organisation's share price
  • C. Asset Critically
  • D. Asset Condition

Answer: B


NEW QUESTION # 53
When undertaking whole-life cost analysis it is important to remember that:

  • A. As many costs as possible should be included in the analysis ensuring these are consistently derived between analyses
  • B. It is impossible to get the right answer unless all the data and information are understood
  • C. The analysis should be completed without reference to other organisational functions to ensure independence

Answer: B

Explanation:
WhileOption Cis also valid practice,Option Ais more fundamental. Without complete and accurate data, whole-life cost models may lead to flawed conclusions, undermining decision-making.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.5.2 - Cost Modelling:
"Accuracy and completeness of input data are critical to ensuring reliability in whole-life cost analysis."


NEW QUESTION # 54
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