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IAM The Institute of Asset Management Certificate Sample Questions (Q46-Q51):

NEW QUESTION # 46
The following things are taken into consideration in developing an asset management strategy, except :

A. Life cycle approach
B. Consistency
C. Asset requirements
D. Management needs

Answer: D

NEW QUESTION # 47
Which of these statements is true:

A. Asset information requirements should be derived according to the requirements set out in the IT department's procurement specification
B. Asset information should be collected on all measurable aspects of an asset's function and performance
C. Asset information should be guided by the relevance of the information to the asset management decisions that need to be made about the asset

Answer: A

NEW QUESTION # 48
Asset Management should deliver:

A. The organisation's strategic objectives
B. The maximum dividends for the organisation's shareholders
C. All false
D. The maximum level of service for the organisation's customers

Answer: A

NEW QUESTION # 49
An ISO 55000 asset management system provides the structure, methodology and mechanism to helping asset-intensive organizations deliver on their objectives.

A. True
B. False

Answer: A

NEW QUESTION # 50
A definition of asset management is:

A. A clear understanding of the linkages between each stage in the asset lifecycle?
B. a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations
C. The optimal maintenance an organisation undertakes on its assets?
D. The optimal life cycle management of physical assets to sustainably achieve the stated business objectives?

Answer: C

NEW QUESTION # 51
......

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