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IAM The Institute of Asset Management Certificate Sample Questions (Q64-Q69):

NEW QUESTION # 64
Asset Management should deliver:

A. All false
B. The maximum level of service for the organisation's customers
C. The maximum dividends for the organisation's shareholders
D. The organisation's strategic objectives

Answer: D

NEW QUESTION # 65
Which of the following phrases describes best the key advantage of asset management over traditional approaches?

A. Asset management takes an optimised whole-life view of the work required on the asset portfolio to ensure current and future required levels of service are delivered
B. Asset management ensures all asset interventions (for example maintenance or renewal intervals) are optimised with respect to risk
C. Asset management is primarily concerned with ensuring that resources are optimally used by putting into place effective planning regimes and processes to continually improve staff competence

Answer: C

NEW QUESTION # 66
The objectives that the organization wants to achieve from its asset management activities, are ....

A. A & B True
B. to describe an organisation's long-term approach to managing its assets
C. A & B False
D. the future capability and performance requirements of assets, asset systems and the asset portfolio as a whole

Answer: A

Explanation:
Asset management objectives capture bothstrategic intentandperformance expectations. They serve as the basis for determining investment priorities, risk controls, and lifecycle decisions.
* Arefers to the long-term vision of asset management.
* Bspecifies measurable technical and functional requirements.Both are correct and together form the foundation of asset-centric organizational planning.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.3.1 - Asset Management Objectives:
"Asset management objectives describe what the organization aims to achieve from managing its assets, including both long-term direction and specific capability and performance outcomes."

NEW QUESTION # 67
Investment proposals should align with the delivery of...

A. Strategic Objectives
B. Key Performance Indicators
C. Company Values
D. Departmental Objectives
E. The CEO's personal objectives

Answer: A

Explanation:
All investment decisions in asset management shouldclearly support strategic objectivesto ensure value alignment, budget justification, and long-term relevance.
Exact Extract from ISO 55001:2014, Clause 6.2 - AM Objectives and Planning:
"Asset management objectives and investment plans must align with the organization's strategic objectives."

NEW QUESTION # 68
Successful delivery of the asset management plan(s) relies on integration with other organisational plans in both the development and delivery phases

A. True
B. False

Answer: A

NEW QUESTION # 69
......

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IAM-Certificate Valid Practice Materials, IAM-Certificate Valid Exam Camp Pdf

Free PDF 2025 Professional IAM-Certificate: The Institute of Asset Management Certificate Valid Practice Materials

IAM The Institute of Asset Management Certificate Sample Questions (Q64-Q69):

Prominent Features of Lead2PassExam IAM IAM-Certificate Practice Questions

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