Pass Guaranteed 2025 IAM-Certificate: The Institute of Asset Management Certificate–The Best Reliable Dumps

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IAM The Institute of Asset Management Certificate Sample Questions (Q88-Q93):

NEW QUESTION # 88
What is the most effective measure when determining the current health of your assets?

A. Asset age
B. Historical maintenance cost
C. Demand forecast
D. Condition assessment
E. Maintenance reports

Answer: D

Explanation:
Acondition assessmentprovides a direct, objective evaluation of asset health-physical wear, functional capability, risk indicators-which is more accurate than indirect or historical metrics.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.2.3 - Condition and Performance Monitoring:
"Condition assessment provides the basis for understanding asset health and supports risk-based decision- making."

NEW QUESTION # 89
Which of the following is best described as an Asset Management Objective?

A. Risk-based maintenance will be introduced at Depot A in September 2011 with the following work volumes
B. Risk based provide direction for Asset and Non-Asset Class Planning
C. A risk-based approach to renewal and maintenance will be adopted
D. Risk-based maintenance will deliver an improvement in the failure rate of assets of 10% for no increase in cost by September 2011

Answer: C

Explanation:
AnAsset Management Objectiveis typically astrategic-level goal, not overly detailed or time-bound. It focuses on intent, such as adopting a methodology or aligning with a principle. Option B and C are performance targets or KPIs. D is grammatically incorrect.
Exact Extract from ISO 55001:2014, Clause 6.2 - Asset Management Objectives:
"Objectives shall be consistent with the asset management policy, measurable (if practicable), and aligned with achieving value from assets."

NEW QUESTION # 90
Which of these is NOT a key principle of asset management?

A. Linking decisions to the overall business objectives
B. Applying a whole-life perspective
C. Reducing the costs of investments
D. All of above false

Answer: C

Explanation:
Reducing investment cost is atactical financial objective, not aprincipleof asset management. IAM's seven principles include value, alignment, leadership, assurance, lifecycle thinking, risk-based decision-making, and sustainability.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 1.4 - Principles of Asset Management:
"Key principles include alignment with business objectives and applying whole-life costing-not cost reduction as a goal in itself."

NEW QUESTION # 91
In conducting a demand analysis, there are several elements to consider:

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

Answer: B

Explanation:
Ademand analysiswithin asset management evaluates how and why asset usage requirements may change.
This includes:
* Historical Demand- to establish trends and baselines.
* Drivers for Change- such as population growth, regulation, or technology.
* Service Level Requirements- what performance levels or capacities are expected in the future.
All listed options are integral for projecting future asset requirements and aligning lifecycle strategies accordingly.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.2.1 - Demand Analysis:
"Demand analysis includes reviewing historical demand, identifying drivers for future changes, and forecasting changes in required levels of service and output."

NEW QUESTION # 92
When creating the asset management strategy, which of the following are the most relevant factors to consider and include?

A. Criticality, maintenance regimes, condition requirements, project plans
B. Criticality, maintenance regimes, condition requirements, environmental factors
C. Budgets, maintenance regimes, condition requirements, project plans
D. Criticality, demand forecasts, condition requirements, environmental factors
E. Budgets, maintenance, historical demand, project plans

Answer: D

Explanation:
An effective strategy integratesrisk (criticality), future demand, condition expectations, and environmental constraintsto guide lifecycle planning and investment.
Exact Extract from ISO 55002:2018, Clause 6.2 - Strategy Inputs:
"Factors influencing strategy include asset criticality, future demand, service requirements, and external environmental and regulatory considerations."

NEW QUESTION # 93
......

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PASS GUARANTEED 2025 IAM-CERTIFICATE: THE INSTITUTE OF ASSET MANAGEMENT CERTIFICATE–THE BEST RELIABLE DUMPS

Pass Guaranteed 2025 IAM-Certificate: The Institute of Asset Management Certificate–The Best Reliable Dumps