Prepare with IAM IAM-Certificate exam torrent, pass for sure
Updated: Sep 06, 2025
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IAM The Institute of Asset Management Certificate Sample Questions:
1. A definition of asset management is:
A) A grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations
B) The optimal life cycle management of physical assets to sustainably achieve the stated business objectives
C) A clear understanding of the linkages between each stage in the asset lifecycle
D) The optimal maintenance an organisation undertakes on its assets
2. Characteristics of organisational context that affect what is achievable and worthwhile in asset management fall into three categories:
A) Asset systems criticality
B) Volatility of the business environment
C) All above true
D) Scale and complexity of the asset portfolio
3. This covers everything that goes into planning, designing, and procuring an asset.
A) Dispose
B) Acquire
C) Operate
D) Commission
4. Vou ate presenting an 'Introduction lo good Asset Management' workshop. A member of the audience asks you to draw a simple diagram that best describes the three main parameters Involved in good practice Risk Management. Which of the following diagrams are you most likely to draw?
A) 
B) 
C) 
D) 
E) 
5. Which of the following statements is true?
A) Strategic planning is usually undertaken as part of the overall organisational management
B) Strategic planning is describes how the organisation will develop and improve its asset management capabilities
C) Strategic planning explicitly considers the life cycle of the assets and the interdependencies between each of the life cycle stages
D) Strategic planning is the process for establishing asset management objectives and developing the asset management strategy
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: E | Question # 5 Answer: D |
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