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IAM The Institute of Asset Management Certificate Sample Questions (Q33-Q38):

NEW QUESTION # 33
A key role of asset management is to assure the delivery of value, in line with, except :

  • A. Return on Investment (ROI) and/or Return on Net Assets (RONA
  • B. Company Profile
  • C. Required residual risk profile
  • D. agreed performance / levels of service

Answer: B


NEW QUESTION # 34
Which of these statements is UNTRUE?

  • A. Asset information can be treated as an asset in its own right
  • B. Asset information is always worth collecting regardless of cost
  • C. Asset information has maintenance costs as well as collection costs

Answer: B


NEW QUESTION # 35
A definition of asset management is:

  • A. A clear understanding of the linkages between each stage in the asset lifecycle?
  • B. a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations
  • C. The optimal life cycle management of physical assets to sustainably achieve the stated business objectives?
  • D. The optimal maintenance an organisation undertakes on its assets?

Answer: D


NEW QUESTION # 36
Which of the following statements is true !

  • A. Strategic planning explicitly considers the life cycle of the assets and the interdependencies between each of the life cycle stages
  • B. Strategic planning is usually undertaken as part of the overall organisational management
  • C. Strategic planning is describes how the organisation will develop and improve its asset management capabilities
  • D. Strategic planning is the process for establishing asset management objectives and developing the asset management strategy

Answer: D


NEW QUESTION # 37
Asset Management is explicitly focussed on helping organisations to achieve their defined objectives and to determine the optimal blend of activities based on these objectives.

  • A. True
  • B. False

Answer: A


NEW QUESTION # 38
......

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