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IAM Certificate The Institute of Asset Management Certificate

The Institute of Asset Management Certificate

Last Update Apr 20, 2025
Total Questions : 93

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Questions 2

Which of the following statements isnota management asset?

Options:

A.  

A recognition that assets have a life cycle

B.  

An approach that looks to get the best out of the assets for the benefit of the organisation and/or its stakeholders

C.  

Understanding and managing the risk associated with owning assets

D.  

A substitute for quality management

Discussion 0
Questions 3

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

Options:

A.  

A standard Risk Matrix is available in ISO 55002

B.  

Each organization’s risk appetite and asset portfolio are unique, so no standard Risk Matrix applies

C.  

A standard Risk Matrix exists in the GFMAM’s Asset Management Landscape

D.  

A standard Risk Matrix is available in ISO 31000

E.  

Standard Risk Matrices for assets are widely available online

Discussion 0
Questions 4

A key role of asset management is to assure the delivery of value in line with:

Options:

A.  

Agreed performance / levels of service

B.  

Return on Investment (ROI) and/or Return on Net Assets (RONA)

C.  

Required residual risk profile

D.  

All True

Discussion 0
Ari
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Questions 5

A definition of asset management is:

Options:

A.  

The optimal maintenance an organisation undertakes on its assets

B.  

The optimal life cycle management of physical assets to sustainably achieve the stated business objectives

C.  

A clear understanding of the linkages between each stage in the asset lifecycle

D.  

A grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations

Discussion 0

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