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IAM The Institute of Asset Management Certificate Sample Questions:

1. What is one of the most important elements of asset management?

A) The control of management risk
B) The role of organisational culture
C) Company profile
D) None of above

2. In conducting a demand analysis, there are several elements to consider:

A) Changes in required levels of service and/or products
B) Historical demand
C) Drivers for demand and the change in demand over time
D) All above true

3. Successful delivery of the asset management plan(s) relies on integration with other organisational plans in both the development and delivery phases.

A) False
B) True

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

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

5. The concept of 'line of sight' means .....

A) Stakeholders involved in asset management
B) Asset Manager involved in asset management
C) Top Management involved in asset management
D) Everyone who touches or influences what happens to an asset is involved in asset management

Solutions: