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Valid IAM-Certificate Exam Discount - IAM-Certificate Valid Test Braindumps

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IAM The Institute of Asset Management Certificate Sample Questions (Q53-Q58):

NEW QUESTION # 53
A vital element underpinning successful asset management, are .....

A. Competent
B. Consistent
C. A-B-C True
D. Optimal decision-making

Answer: C

NEW QUESTION # 54
What is PAS 55?

A. A BSI Publically Available Specification for the optimized management of financial assets
B. A BSI Publically Available Specification for the optimized management of physical assets
C. A BSI Previously Available Specification for the optimized management of physical assets
D. A BSI Previously Available Specification for the optimized management of financial assets

Answer: B

NEW QUESTION # 55
Which of the following statements is true:

A. Corporate objectives drive the activities within the Asset Management system
B. Corporate objectives should be set by comparing the organisation's performance to its most closest associated peer
C. Corporate objectives are derived from the Asset Management strategy

Answer: A

NEW QUESTION # 56
Which of these statements is true:

A. Asset information should be collected on all measurable aspects of an asset's function and performance
B. Asset information requirements should be derived according to the requirements set out in the IT department's procurement specification
C. Asset information should be guided by the relevance of the information to the assetmanagement decisions that need to be made about the asset

Answer: C

Explanation:
Information collection must bepurpose-driven, not exhaustive or IT-defined. IAM emphasizes the"fitness- for-purpose"principle: collect only the data required to inform decision-making.
Exact Extract from IAM - Asset Information: Strategy, Management and Governance:
"Information requirements must be defined based on decision-making needs, not system capability or departmental standards."

NEW QUESTION # 57
Which of the following best describes the 'useful life' of an asset?

A. Period for which the asset can economically perform a required function
B. Time specified by OEM
C. Time until the asset is physically non-functioning
D. Time until the asset is fully depreciated
E. Time until maintenance costs exceed stakeholder thresholds

Answer: A

Explanation:
Useful lifeis determined not by age, cost, or accounting rules-but by theeconomic abilityof the asset to deliver required service. This includes operational efficiency, cost-effectiveness, and supportability.
Exact Extract from ISO 55000:2014, Clause 3.2.10 - Useful Life:
"The period over which an asset is expected to be usable for its intended purpose and deliver value economically."

NEW QUESTION # 58
......

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