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IAM The Institute of Asset Management Certificate Sample Questions (Q15-Q20):

NEW QUESTION # 15
Capital Investment Decision-Making comprises the processes to .....

A. Decreasing the capability of assets
B. evaluate and analyse options for the creation of new assets
C. The replacement of modal at the end of their useful life
D. All false

Answer: B

NEW QUESTION # 16
What is the most effective measure when determining the current health of your assets?

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

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 # 17
Asset Management is important because it can help organisations to,except.....?

A. Reduce the capital costs of investing in the asset base
B. Minimize the environmental impact of operating the assets
C. Increase the potential health impacts of operating the assets
D. Improve the regulatory performance of the organisation

Answer: C

Explanation:
Comprehensive and Detailed in Depth Explanation along with Exact Extract from IAM's five subject areas:
Asset Management promotes safer, more efficient, and more sustainable operations. Increasing negative health impacts contradicts IAM goals.
* Option Ais valid-effective asset management reduces CAPEX through optimized planning.
* Option Caligns with environmental sustainability principles.
* Option Drefers to compliance, a key governance and risk management objective.
Extract from IAM Document - Asset Management: An Anatomy (v4):
"It enables organizations to manage risk, improve safety and reliability, reduce costs, and enhance environmental and regulatory compliance." (Section 2.2 - The Benefits of Asset Management)

NEW QUESTION # 18
Which of the following statements is true:

A. Corporate objectives should be set by comparing the organisation's performance to its most closest associated peer
B. Corporate objectives drive the activities within the Asset Management system
C. Corporate objectives are derived from the Asset Management strategy

Answer: B

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 # 19
Which of these statements is UNTRUE?

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

Answer: C

Explanation:
Collectingall available asset datawithout consideration ofvalue, relevance, or costleads to waste and inefficiency. Asset data should bejustified by its use in decision-making.
Exact Extract from IAM - Asset Information: Strategy, Management and Governance:
"Information collection should be justified based on decision value. Over-collection can waste resources and impair decision-making clarity."

NEW QUESTION # 20
......

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Valid Dumps IAM-Certificate Ebook - IAM-Certificate Latest Dumps Questions

IAM-Certificate Latest Dumps Questions & IAM-Certificate Latest Exam Dumps

IAM The Institute of Asset Management Certificate Sample Questions (Q15-Q20):

100% Pass Quiz 2025 IAM Fantastic Valid Dumps IAM-Certificate Ebook

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