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IAM The Institute of Asset Management Certificate Sample Questions:

1. A vital element underpinning successful asset management, are .....

A) A-B-C True
B) Optimal decision-making
C) Competent
D) Consistent

2. There are 7 principles of asset management:

A) All true
B) Lifecycle
C) Probability
D) Value added

3. Which of the following types of information would NOT normally be required for the development of an asset management plan?

A) Asset Condition
B) Asset Register
C) Asset Criticality
D) Organisation's share price

4. What is NOT usually considered in the decision to decommission and dispose of assets?

A) The environmental impact of disposing of the assets
B) Legislation regarding disposal of the assets
C) The residual value of assets
D) The depreciated value of the assets
E) Alternative uses for the assets

5. According to ISO 55000, assets are .....

A) Processed, organized and structured data
B) Item, thing or entity that has potential or actual value to an organization
C) A type of investment that represents an ownership share in a company
D) Refers to all the materials available in our environment

Solutions: