Pass Guaranteed IAM-Certificate - High Pass-Rate The Institute of Asset Management Certificate Test Prep

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IAM The Institute of Asset Management Certificate Sample Questions (Q37-Q42):

NEW QUESTION # 37
Which of the following is NOT a key requirement with regard to an asset management policy?

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

Answer: C

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 # 38
Value based on AM is ......

A. Value objective
B. The Assets
C. Waste elimination
D. Value creation.

Answer: B

NEW QUESTION # 39
ISO 55000 is ......

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

Answer: A

Explanation:
ISO 55000 is a part of the ISO 55000 series (including ISO 55001 and ISO 55002), which serves as the international standard for asset management. It outlines the principles, terminology, and benefits of implementing an asset management system. It is not related to quality, environmental, or information security management systems, which are governed by ISO 9001, ISO 14001, and ISO 27001 respectively.
Exact Extract from ISO 55000 - Asset Management - Overview, Principles and Terminology:
"This International Standard provides an overview of asset management, its principles and terminology, and the expected benefits from adopting asset management." (ISO 55000:2014, Clause 1 - Scope)

NEW QUESTION # 40
When undertaking whole-life cost analysis it is important to remember that:

A. It is impossible to get the right answer unless all the data and information are understood
B. The analysis should be completed without reference to other organisational functions to ensure independence
C. As many costs as possible should be included in the analysis ensuring these are consistently derived between analyses

Answer: A

NEW QUESTION # 41
There are 4 fundamentals in asset management, including ....

A. Value, Alignment, Leadership and Assurance
B. Value, Alignment, Leadership and Insurance
C. Value, Alignment, Proggresive and Assurance
D. Value, Competitif, Leadership and Assurance

Answer: A

NEW QUESTION # 42
......

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Pass Guaranteed IAM-Certificate - High Pass-Rate The Institute of Asset Management Certificate Test Prep

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IAM The Institute of Asset Management Certificate Sample Questions (Q37-Q42):

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