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IAM IAM-Certificate Real Dumps Portable Version

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IAM The Institute of Asset Management Certificate Sample Questions (Q93-Q98):

NEW QUESTION # 93
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 guided by the relevance of the information to the asset management decisions that need to be made about the asset
C. Asset information should be collected on all measurable aspects of an asset's function and performance

Answer: A

NEW QUESTION # 94
Successful delivery of the asset management plan(s) relies on integration with other organisational plans in both the development and delivery phases.

A. False
B. True

Answer: B

Explanation:
Asset management planning must beintegrated with financial planning, risk management, HR planning, and operational strategies. Failure to align these will result in fragmentation, inefficiencies, and potential non-delivery of objectives.
* ISO 55001 requires this cross-functional integration.
* IAM identifies this as a foundational success factor.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.4 - Asset Management Planning:
"Integration with other business planning processes-financial, risk, operations-is essential for effective delivery of asset management plans."

NEW QUESTION # 95
Procurement and delivery of the solution to time, cost and quality targets. What phase is it?

A. Handover and closeout phase
B. Concept phase
C. Definition phase
D. Implementation phase

Answer: D

Explanation:
TheImplementation Phaseinvolves translating approved asset plans into physical or system outputs. It encompassesprocurement, execution, and deliveryto specification and budget constraints.
* Concept and definition phasesprecede this stage.
* Handoverfollows this phase and deals with asset operational readiness.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 3.4.2 - Life Cycle Stage:
Implementation:
"This phase includes procurement, construction, installation, testing, and commissioning of the asset or solution. It is where time, cost, and quality performance is most closely monitored."

NEW QUESTION # 96
ISO 55000 is ......

A. The international reference standard to sets out the criteria for a quality management system
B. The international reference standard to sets out the criteria for an environmental management system
C. The international reference standard that provides the overview of information security management systems
D. The international reference standard for the optimal management of physical assets.

Answer: D

NEW QUESTION # 97
Vou ate presenting an 'Introduction lo good Asset Management' workshop. A member of the audience asks you to draw a simple diagram that best describes the three main parameters Involved in good practice Risk Management. Which of the following diagrams are you most likely to draw?

Answer: A

Explanation:
While the options are not visually provided here,the correct diagram for risk management typically features three core elements:
* Probability (or Likelihood)
* Consequence (or Impact)
* Vulnerability or Exposure (optional/advanced models)
Option E, according to the answer key provided, is assumed to correctly depict this standard framework- often visualized as amatrix or triangleshowing howlikelihood and consequence interactto define the level of risk.
Exact Extract from ISO 55000:2014, Clause 3.2.21 - Risk:
"Risk: Effect of uncertainty on objectives, often characterized by reference to potential events and consequences, or a combination of these and the associated likelihood of occurrence."

NEW QUESTION # 98
......

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