Pass Guaranteed 2025 IAM IAM-Certificate: The Institute of Asset Management Certificate Actual Test Answers

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IAM The Institute of Asset Management Certificate Sample Questions (Q27-Q32):

NEW QUESTION # 27
Which of the following requirements would you expect to find included within an Asset Management Strategy?

A. Asset data configuration
B. Project handback to operations
C. Future demand
D. Asset register
E. Maintenance special tools

Answer: C

Explanation:
Future demandis essential in the strategy, influencing asset lifecycle plans, performance targets, and investment. The other options are implementation-level details, not strategic.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.2.1 - Demand Analysis in Strategy:
"Understanding future demand is essential for developing a resilient and aligned asset management strategy."

NEW QUESTION # 28
An asset management plan specifies...

A. Framework for translating strategy into AM objectives
B. Activities, resources, costs, timeframes, and responsibilities to meet AM objectives
C. Long-term asset management approach and conversion of organizational goals
D. Objectives, stakeholders, strategy alignment, and risk mitigation
E. Capability development, system design, and risk mitigation

Answer: B

Explanation:
Theasset management plan (AMP)outlines theactions and resourcesrequired to achieve the defined asset management objectives. It includeswhat will be done, by whom, when, and at what cost.
Exact Extract from ISO 55002:2018, Clause 6.2.2 - Asset Management Plans:
"Plans should describe the activities to achieve asset management objectives, identifying resources, timeframes, responsibilities, and associated risks."

NEW QUESTION # 29
Two widely used approaches to conceptualising value in an organisation are:

A. The Value Net and Chain
B. The Value Stream and Chain
C. The Value Net and Delivery
D. The Value Stream and Delivery

Answer: B

NEW QUESTION # 30
Which of the following is NOT a key requirement with regard to an asset management policy?

A. It is consistent with the organizational strategic plan
B. It provides for continual improvement
C. It is appropriate for the type of organization
D. It commits the organization to compliance with relevant laws
E. It is fully detailed on every aspect

Answer: E

Explanation:
Theasset management policyis a high-level document, and thereforenot meant to be fully detailed. It outlines intent and framework, not implementation specifics.
Exact Extract from ISO 55001:2014, Clause 5.2:
"Shall be appropriate to the organization and provide a framework for objectives. It does not include detailed implementation plans."

NEW QUESTION # 31
Which of the following statements is not a management asset?

A. a substitute for quality management
B. understanding and managing the risk associated with owning assets
C. a recognition that assets have a life cycle
D. an approach that looks to get the best out of the assets for the benefit of the organisation and/or its stakeholders

Answer: A

NEW QUESTION # 32
......

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Pass Guaranteed 2025 IAM IAM-Certificate: The Institute of Asset Management Certificate Actual Test Answers

Realistic IAM-Certificate Actual Test Answers to Obtain IAM Certification

IAM The Institute of Asset Management Certificate Sample Questions (Q27-Q32):

Avail the Best Accurate IAM-Certificate Actual Test Answers to Pass IAM-Certificate on the First Attempt

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