PDF IAM IAM-CERTIFICATE BRAINDUMPS & RELIABLE IAM-CERTIFICATE EXAM PRICE

Pdf IAM IAM-Certificate Braindumps & Reliable IAM-Certificate Exam Price

Pdf IAM IAM-Certificate Braindumps & Reliable IAM-Certificate Exam Price

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IAM The Institute of Asset Management Certificate Sample Questions (Q87-Q92):

NEW QUESTION # 87
Which of these statements is UNTRUE?

  • A. Asset information can be treated as an asset in its own right
  • B. Asset information has maintenance costs as well as collection costs
  • C. Asset information is always worth collecting regardless of cost

Answer: C


NEW QUESTION # 88
What is the correct top-down hierarchy order for the following PAS 55 defined documents?

  • A. Asset Management Strategy, Policy, Objectives and Plans
  • B. Asset Management Policy, Plans, Strategy and Objectives
  • C. Asset Management Policy, Strategy, Objectives and Plans
  • D. Asset Management Policy, Objectives, Strategy and Plans

Answer: C

Explanation:
According toPAS 55 and ISO 55001, the hierarchy flows fromhigh-level principles and intent (policy)to detailed tactical execution (plans):
* Policy- Organizational intent and principles
* Strategy- Long-term approach for achieving objectives
* Objectives- Specific performance and capability targets
* Plans- Scheduled actions to meet objectives
Exact Extract from PAS 55-1:2008, Section 4.2.1:
"The asset management policy leads into the asset management strategy, from which objectives and corresponding plans are derived."


NEW QUESTION # 89
The purpose of an Asset Information Strategy is to:

  • A. Collate the standards which define the collection, storage and use of asset information
  • B. Provide the overall framework and plan for asset information which will deliver the organisation's asset information requirements
  • C. Calculating the lowest cost options for the entire commercial life of a building
  • D. Specify the requirements for procuring the organisation's asset information system

Answer: A


NEW QUESTION # 90
What is the Asset Life Cycle?

  • 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

Answer: A

Explanation:
TheAsset Life Cyclerefers to the complete sequence of phases an asset undergoes from its creation to final disposal. It includes stages such as planning, acquisition, commissioning, operation, maintenance, and disposal. It is not just a linear timeline but a framework for making optimized, value-driven decisions throughout the asset's existence.
* Option Ais correct: Asset management involves the strategic and analytical control of assets over their lifecycle.
* Option Bis incorrect: Project management is a tool used within specific lifecycle phases.
* Option Cis false: Asset management complements but does not replace quality management.
* Option Dis not applicable, as the premise of Option A is accurate.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 3.4 - The Asset Lifecycle:
"The asset lifecycle is a concept used to describe the phases of activity over the life of an asset...
Organizations need to understand how asset decisions and activities interrelate across these phases and manage them in an integrated manner."


NEW QUESTION # 91
What is PAS 55?

  • A. A BSI Previously Available Specification for the optimized management of physical assets
  • B. A BSI Publically Available Specification for the optimized management of physical assets
  • C. A BSI Publically Available Specification for the optimized management of financial assets
  • D. A BSI Previously Available Specification for the optimized management of financial assets

Answer: B


NEW QUESTION # 92
......

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