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IAM The Institute of Asset Management Certificate Sample Questions (Q18-Q23):
NEW QUESTION # 18
Which of the following statements is true?
A. Visible senior level leadership and commitment is insignificant in organisations
B. Assurance is the combination of monitoring and auditing
C. Assets is not a potential value to an organisation
D. Good asset management has clear connectivity between an organisation's strategic plan and the value core
Answer: B
NEW QUESTION # 19
Procurement and delivery of the solution to time, cost and quality targets. What phase is it?
A. Handover and closeout phase
B. Definition phase
C. Concept phase
D. Implementation phase
Answer: D
NEW QUESTION # 20
Asset Management is important because it can help organisations to, except .....?
A. Improve the regulatory performance of the organisation
B. Minimize the environmental impact of operating the assets
C. Increase the potential health impacts of operating the assets
D. Reduce the capital costs of investing in the asset base
Answer: C
NEW QUESTION # 21
ISO 55001 defines seven sets of requirements for a management system for asset management, except ...
A. Multi-level Planning for assets and asset management
B. Controlling
C. Support for effective management
D. Defining the Organisational Context
Answer: B
NEW QUESTION # 22
Which of the following phrases describes best the key advantage of asset management over traditional approaches?
A. Asset management ensures all asset interventions (for example maintenance or renewal intervals) are optimised with respect to risk
B. Asset management takes an optimised whole-life view of the work required on the asset portfolio to ensure current and future required levels of service are delivered
C. Asset management is primarily concerned with ensuring that resources are optimally used by putting into place effective planning regimes and processes to continually improve staff competence
Answer: C
NEW QUESTION # 23
......
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