IAM-CERTIFICATE LATEST EXAM PASS4SURE | IAM-CERTIFICATE FREE VCE DUMPS

IAM-Certificate Latest Exam Pass4sure | IAM-Certificate Free Vce Dumps

IAM-Certificate Latest Exam Pass4sure | IAM-Certificate Free Vce Dumps

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Tags: IAM-Certificate Latest Exam Pass4sure, IAM-Certificate Free Vce Dumps, IAM-Certificate Clearer Explanation, Valid IAM-Certificate Exam Fee, IAM-Certificate Reliable Exam Testking

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IAM The Institute of Asset Management Certificate Sample Questions (Q74-Q79):

NEW QUESTION # 74
What is the most effective measure when determining the current health of your assets?

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

Answer: C

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 # 75
What information is most likely to help in deciding whether to replace an asset rather than repair it?

  • A. Output of lifecycle cost analysis
  • B. Warranty period
  • C. Design life
  • D. Age of the asset
  • E. Up front capital cost

Answer: A

Explanation:
Lifecycle cost analysisprovides a complete financial picture of both options (repair vs. replace). It considers capital, operating, maintenance, and disposal costs-enabling informed decisions.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.5.1 - Lifecycle Costing:
"Lifecycle cost analysis enables decision-making based on total cost of ownership rather than isolated capital or operational expenditure."


NEW QUESTION # 76
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. Agreed performance / levels of service
  • C. Required residual risk profile
  • D. Company Profile

Answer: D

Explanation:
TheCompany Profileis a static representation and not a performance or risk-based metric. Asset management aims to deliver value through:
* Meeting service expectations
* Managing risk profiles
* Achieving financial performance measures
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 2.1 - Value:
"The value delivered by asset management is measured through outcomes such as levels of service, risk exposure, and financial returns."


NEW QUESTION # 77
The following things are taken into consideration in developing an asset management strategy, except :

  • A. Life cycle approach
  • B. Management needs
  • C. Consistency
  • D. Asset requirements

Answer: B


NEW QUESTION # 78
What is the correct top-down hierarchy order for the following PAS 55 defined documents?

  • A. Asset Management Policy, Strategy, Objectives and Plans
  • B. Asset Management Strategy, Policy, Objectives and Plans
  • C. Asset Management Policy, Objectives, Strategy and Plans
  • D. Asset Management Policy, Plans, Strategy and Objectives

Answer: A

Explanation:
According toPAS 55 and ISO 55001, the hierarchy flows fromhigh-level principles and intent (policy)to detailed tactical execution (plans):
* Policy- Organizational intent and principles
* Strategy- Long-term approach for achieving objectives
* Objectives- Specific performance and capability targets
* Plans- Scheduled actions to meet objectives
Exact Extract from PAS 55-1:2008, Section 4.2.1:
"The asset management policy leads into the asset management strategy, from which objectives and corresponding plans are derived."


NEW QUESTION # 79
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