VCE IAM-CERTIFICATE EXAM - EXAM IAM-CERTIFICATE PASS4SURE

Vce IAM-Certificate Exam - Exam IAM-Certificate Pass4sure

Vce IAM-Certificate Exam - Exam IAM-Certificate Pass4sure

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Tags: Vce IAM-Certificate Exam, Exam IAM-Certificate Pass4sure, IAM-Certificate Download, Test IAM-Certificate Simulator Free, Reliable IAM-Certificate Test Questions

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IAM The Institute of Asset Management Certificate Sample Questions (Q22-Q27):

NEW QUESTION # 22
IAM based decision produce real saving, where saving develop from, except ......

  • A. Cost Effectiveness
  • B. Efficiency gains
  • C. Compliment asset
  • D. Cost Avoidance

Answer: C


NEW QUESTION # 23
Where can a standardized Risk Matrix be found for use within Asset Management Systems aligned to ISO
55000?

  • A. A standard Risk Matrix is available in ISO 31000
  • B. A standard Risk Matrix is available in ISO 55002
  • C. Standard Risk Matrices for assets are widely available online
  • D. Each organization's risk appetite and asset portfolio are unique, so no standard Risk Matrix applies
  • E. A standard Risk Matrix exists in the GFMAM's Asset Management Landscape

Answer: D

Explanation:
There isno universally standardized risk matrixin ISO 55000 or ISO 55002. Risk appetite and operational context vary, so each organization must tailor its own framework.
Exact Extract from ISO 55002:2018, Annex D - Risk Matrix Use:
"There is no universal risk matrix provided. Organizations must develop a matrix that reflects their own risk criteria, tolerances, and operational realities."


NEW QUESTION # 24
How many roles are there in the IAM Competences Framework?

  • A. Six
  • B. Three
  • C. Seven
  • D. Five

Answer: C


NEW QUESTION # 25
An ISO 55000 asset management system provides the structure, methodology and mechanism to helping asset- intensive organizations deliver on their objectives.

  • A. False
  • B. True

Answer: B

Explanation:
This statement reflects the foundational objective of ISO 55000: to offer asystematic approachto asset management. This includes the integration of leadership, planning, support, operation, performance evaluation, and continual improvement-all contributing to the achievement of organizational objectives through optimized asset performance.
Exact Extract from ISO 55000:2014, Clause 0.2:
"An asset management system provides a structured approach for developing and implementing asset management activities that deliver the organizational objectives."


NEW QUESTION # 26
When developing a new Strategic Asset Management Plan, which of the following pieces of information will be most relevant?

  • A. Availability of finance, demand forecasts, maintenance schedules
  • B. Cost of capital, demand forecasts, competitor analysis
  • C. Availability of finance, demand forecasts, risk appetite
  • D. Historic cost trends, demand forecasts, cost of capital
  • E. Availability of capital, service performance requirements, historic demand

Answer: C

Explanation:
AStrategic Asset Management Plan (SAMP)aligns long-term organizational objectives with asset strategy.
Key inputs includeavailable financial resources,demand forecasts, and theorganization's risk appetite- which determines how aggressively or conservatively assets will be managed.
Exact Extract from ISO 55002:2018, Clause 5.1 - Strategic Planning:
"Inputs to the strategic asset management plan include: demand forecasts, financial constraints, and organizational risk management approach."


NEW QUESTION # 27
......

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