Simulate the real exam

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Fast delivery in 5 to 10 minutes after payment

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Only need to practice for 20 to 30 hours

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IAM The Institute of Asset Management Certificate Sample Questions:

1. IAM-based decisions produce real savings, where savings develop from,except......

A) Cost Avoidance
B) Compliment asset
C) Efficiency gains
D) Cost Effectiveness

2. Which of these statements is UNTRUE?

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

3. Which of the following is best described as an Asset Management Objective?

A) Risk-based maintenance will deliver an improvement in the failure rate of assets of 10% for no increase in cost by September 2011
B) Risk-based maintenance will be introduced at Depot A in September 2011 with the following work volumes
C) Risk based provide direction for Asset and Non-Asset Class Planning
D) A risk-based approach to renewal and maintenance will be adopted

4. What is an Asset Management System as defined by PAS 55?

A) The system by which organisations can manage and influence stakeholder requirements
B) The asset system which organises all data management activities
C) The management system which organises and drives all asset management activities
D) The asset information technology system used for collating and analysing asset data

5. 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 for the optimal management of physical assets.
D) The international reference standard that provides the overview of information security management systems

Solutions: