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IAM The Institute of Asset Management Certificate Sample Questions:

1. The following things are taken into consideration in developing an asset management strategy,except:

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

2. External stakeholders can influence asset management activities within an organisation by:

A) Having the power of veto over what the organisation does
B) Influencing the Organisational Strategic Plan through structured engagement
C) Defining the renewal and maintenance policies which govern the creation of the asset management plan

3. This covers everything that goes into planning, designing, and procuring an asset.

A) Operate
B) Dispose
C) Acquire
D) Commission

4. 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

5. An asset management plan specifies...

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

Solutions: