NEW IAM-CERTIFICATE TEST TIPS - IAM-CERTIFICATE NEW BRAINDUMPS FREE

New IAM-Certificate Test Tips - IAM-Certificate New Braindumps Free

New IAM-Certificate Test Tips - IAM-Certificate New Braindumps Free

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IAM The Institute of Asset Management Certificate Sample Questions (Q70-Q75):

NEW QUESTION # 70
The term optimizing describes:

  • A. The process of review the best value compromise between a set of competing factors, in order to support asset management decision-making
  • B. The process of Maintenance the best value compromise between a set of competing factors, in order to support asset management decision-making
  • C. The process of establishing the best value compromise between a set of competing factors, in order to support asset management decision-making
  • D. The process of control the best value compromise between a set of competing factors, in order to support asset management decision-making

Answer: C

Explanation:
Optimizingis a core concept in asset management. It refers to establishing a compromise between performance, cost, and risk-across the asset lifecycle. This balancing act is based on data-informed decision- making and scenario analysis.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.5 - Decision-Making:
"Optimization is the process of determining the best value compromise between conflicting priorities such as cost, risk, and performance."


NEW QUESTION # 71
What is one of the most important elements of asset management ?

  • A. The role of organisational culture
  • B. None of above
  • C. Company profile
  • D. The control of management risk

Answer: A


NEW QUESTION # 72
External stakeholders can influence asset management activities within an organisation by:

  • A. Influencing the Organisational Strategic Plan through structured engagement
  • B. Defining the renewal and maintenance policies which govern the creation of the asset management plan
  • C. Having the power of veto over what the organisation does

Answer: A

Explanation:
While stakeholders typically donot dictate policies, theyinfluence strategic planningthrough expectations, regulation, or partnership. Structured engagement ensures alignment with external needs.
Exact Extract from ISO 55000:2014, Clause 2.5 - Stakeholder Requirements:
"Organizations must engage with stakeholders to ensure that their expectations are considered in the development of asset management objectives and strategies."


NEW QUESTION # 73
Which of the following types of information would NOT normally be required for the development of an asset management plan?

  • A. Organisation's share price
  • B. Asset Register
  • C. Asset Critically
  • D. Asset Condition

Answer: A


NEW QUESTION # 74
According to ISO 55000, assets are .....

  • A. A type of investment that represents an ownership share in a company
  • B. Item, thing or entity that has potential or actual value to an organization
  • C. Refers to all the materials available in our environment
  • D. Processed, organized and structured data

Answer: B

Explanation:
ISO 55000 provides a clear and inclusive definition of anassetthat moves beyond the traditional financial concept. It includesanything that can deliver valueto an organization, either now or in the future. This may be physical, intangible, or financial.
* Arefers to equity investments-not the scope of ISO 55000.
* BandDare unrelated to asset management as defined in this standard.
* Cmatches the ISO definition verbatim.
Exact Extract from ISO 55000:2014, Clause 3.2.1 - Definition of Asset:
"An asset is an item, thing or entity that has potential or actual value to an organization."


NEW QUESTION # 75
......

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