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IAM The Institute of Asset Management Certificate Sample Questions (Q16-Q21):

NEW QUESTION # 16
What is NOT usually considered in the decision to decommission and dispose of assets?

A. The residual value of assets
B. Legislation regarding disposal of the assets
C. Alternative uses for the assets
D. The environmental impact of disposing of the assets
E. The depreciated value of the assets

Answer: E

Explanation:
Depreciated valueis a financial accounting figure and is not a strong indicator of whether an asset should be decommissioned. Operational, legal, and environmental factors carry more weight.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 3.4.5 - Disposal:
"Factors include residual value, reuse options, legal compliance, and environmental impact. Financial book value is rarely a deciding factor."

NEW QUESTION # 17
The objectives that the organization wants to achieve from its asset management activities, are ....

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

Answer: C

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 # 18
Which of the following phrases describes best the key advantage of asset management over traditional approaches?

A. 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
B. Asset management ensures all asset interventions (e.g., maintenance or renewal intervals) are optimised with respect to risk
C. 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

Answer: C

Explanation:
OptionBaccurately reflects thewhole-life, value-driven perspectivethat distinguishes asset management. A and C are important aspects but do not encompass the full scope and philosophy of asset management as well as B does.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 1.1 - What Is Asset Management:
"Asset management differs from traditional operations and maintenance by adopting a whole-life view to optimize asset-related activities and value realization."

NEW QUESTION # 19
There are many factors that can drive the decommissioning of assets,except:

A. Compliance with changes in legislation
B. Cost of retaining in service
C. Excess of service capacity
D. Obsolete technology

Answer: A

Explanation:
Whilelegislative compliancetypically drives asset upgrades or operational adjustments, itdoes not directly trigger decommissioning. Instead, decommissioning is usually influenced by:
* Obsolescence(e.g., technology no longer supported)
* Overcapacity(asset redundancy)
* Operational cost(prohibitive maintenance or energy expense)
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 3.4.5 - Life Cycle Stage:
Disposal/Decommissioning:
"Typical drivers include condition, cost of retention, obsolescence, redundancy, and safety concerns."

NEW QUESTION # 20
The purpose of an Asset Information Strategy is to:

A. Calculating the lowest cost options for the entire commercial life of a building
B. Specify the requirements for procuring the organisation's asset information system
C. Provide the overall framework and plan for asset information which will deliver the organisation's asset information requirements
D. Collate the standards which define the collection, storage and use of asset information

Answer: C

Explanation:
TheAsset Information Strategydefines how asset data is governed, managed, and utilized across its lifecycle.
It supports quality, accessibility, and traceability of information.
Exact Extract from IAM - Asset Information Strategy:
"The strategy provides the plan and framework that supports the effective management and use of asset information aligned to asset management objectives."

NEW QUESTION # 21
......

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IAM IAM-Certificate Certification Exam Dumps | Latest IAM-Certificate Exam Camp

IAM IAM-Certificate Exam | IAM-Certificate Certification Exam Dumps - Easily Pass Exam If Choosing our Latest IAM-Certificate Exam Camp

IAM The Institute of Asset Management Certificate Sample Questions (Q16-Q21):

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