100% PASS IAM FANTASTIC IAM-CERTIFICATE - EXAM THE INSTITUTE OF ASSET MANAGEMENT CERTIFICATE DETAILS

100% Pass IAM Fantastic IAM-Certificate - Exam The Institute of Asset Management Certificate Details

100% Pass IAM Fantastic IAM-Certificate - Exam The Institute of Asset Management Certificate Details

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IAM The Institute of Asset Management Certificate Sample Questions (Q82-Q87):

NEW QUESTION # 82
External stakeholders can influence asset management activities within an organisation by:

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

Answer: B


NEW QUESTION # 83
Characteristics of organisational context that affect what is achievable and worthwhile in asset management fall into three categories:

  • A. Asset systems criticality
  • B. Scale and complexity of the asset portfolio
  • C. Volatility of the business environment
  • D. All above true

Answer: D


NEW QUESTION # 84
Value based on AM is ......

  • A. Value creation.
  • B. Waste elimination
  • C. The Assets
  • D. Value objective

Answer: C


NEW QUESTION # 85
Which of the following statements is true !

  • A. Strategic planning is describes how the organisation will develop and improve its asset management capabilities
  • B. Strategic planning is the process for establishing asset management objectives and developing the asset management strategy
  • C. Strategic planning explicitly considers the life cycle of the assets and the interdependencies between each of the life cycle stages
  • D. Strategic planning is usually undertaken as part of the overall organisational management

Answer: B


NEW QUESTION # 86
For investment, it is important that the risk management processes adequately identify, assess and manage asset-related risks:

  • A. That match investment periods
  • B. That do not consider time
  • C. That align with historic events
  • D. That vary with time
  • E. That are fixed in time

Answer: D

Explanation:
Asset-related risks evolve over time, due to condition changes, usage patterns, environmental factors, and technological obsolescence. Therefore, risk assessments must account fordynamic, time-varying risk profiles
, especially in investment planning and forecasting.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.5.2 - Risk-Based Decision- Making:
"Risks are not static. Their likelihood and consequence change over time and should be continuously assessed in line with asset lifecycle and investment horizons."


NEW QUESTION # 87
......

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