STUDY IAM-CERTIFICATE DUMPS, IAM-CERTIFICATE EXAM PRICE

Study IAM-Certificate Dumps, IAM-Certificate Exam Price

Study IAM-Certificate Dumps, IAM-Certificate Exam Price

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Tags: Study IAM-Certificate Dumps, IAM-Certificate Exam Price, IAM-Certificate Test King, IAM-Certificate Certification Training, IAM-Certificate Exam Blueprint

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IAM The Institute of Asset Management Certificate Sample Questions (Q13-Q18):

NEW QUESTION # 13
(Exposure to) the possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility, is the definition of .......

  • A. Value
  • B. Cost
  • C. Asset
  • D. Risk

Answer: D


NEW QUESTION # 14
The comparison between Lean and Asset Management, are ......

  • A. All about Purpose, Process, People
  • B. All about Value, Risk, Maintenance
  • C. All about Asset, People, System
  • D. All about Security System

Answer: A

Explanation:
The philosophical alignment betweenLean ThinkingandAsset Managementis grounded in their mutual emphasis onpurpose, process, and people.
* Purpose: Both aim to achieve strategic goals and deliver value.
* Process: They emphasize efficient, repeatable, value-driven processes.
* People: Success in both depends on cultural engagement and workforce empowerment.
This concept is reinforced in IAM guidance where asset management is described as a holistic discipline that integrates strategy, execution, and people involvement.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 5.2 - Organisational Context and Culture:
"Asset management is not only about systems and procedures but requires the active engagement of people at all levels. It shares with Lean a focus on aligning Purpose, Process, and People."


NEW QUESTION # 15
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

Explanation:
Theflow of alignmentis from top-levelcorporate objectives#AM strategy#AM objectives#plans and activities. The reverse (A) is incorrect. C may be a benchmarking approach but is not a guiding principle.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.1 - Strategic Alignment:
"Asset management must be aligned with corporate objectives and not the other way around. Organizational priorities set the direction for asset-related strategies."


NEW QUESTION # 16
Which are included in the asset life cycle :

  • A. Acquire - Commission - Performance- Dispose
  • B. Acquire - Commission - Operate - Diaspora
  • C. Acquire - Corporate- Operate - Dispose
  • D. Acquire - Commission - Operate - Dispose

Answer: D


NEW QUESTION # 17
In what year did the term "asset management" start to be used?

  • A. 0
  • B. 1
  • C. 2
  • D. 3

Answer: C

Explanation:
The term "asset management" began emerging formally in theearly 1980s, particularly within infrastructure sectors. The IAM recognizes 1980 as the foundational point when structured approaches began to evolve around lifecycle and value-centric practices.
Reference from IAM historical insights:
"The structured use of the term 'asset management' began in the 1980s, focusing initially on infrastructure and utility sectors before becoming more universally adopted." (Source: IAM Historical Overview, Introduction to Asset Management)


NEW QUESTION # 18
......

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