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Free PDF Quiz 2025 IAM Valid Valid Dumps IAM-Certificate Files

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Perfect Valid Dumps IAM-Certificate Files – 100% Efficient Reliable The Institute of Asset Management Certificate Study Guide

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IAM The Institute of Asset Management Certificate Sample Questions (Q67-Q72):

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

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

A. All above true
B. The Asset Management Policy should be consistent and aligned with the corporate objectives and strategy
C. The Asset Management Policy should be consistent and aligned with all other relevant organisational policies
D. The Asset Management Policy should be derived from all other relevant organisational policies

Answer: D

NEW QUESTION # 69
Which of these statements is true:

A. Asset information should be guided by the relevance of the information to the asset management decisions that need to be made about the asset
B. Asset information requirements should be derived according to the requirements set out in the IT department's procurement specification
C. Asset information should be collected on all measurable aspects of an asset's function and performance

Answer: B

NEW QUESTION # 70
There are 7 principles of asset management:

A. Probability
B. Value added
C. All true
D. Lifecycle

Answer: C

Explanation:
The IAM outlinesseven fundamental principlesof asset management, which include:
* Value- Assets exist to provide value.
* Alignment- Asset management aligns with organizational objectives.
* Leadership- Requires visible leadership and clear direction.
* Assurance- Governance and performance assurance are essential.
* Lifecycle approach- Decisions consider all life cycle stages.
* Risk-based- Informed by risk management.
* Sustainability- Supports long-term organizational goals.
Options A and B are correct principles.Probability, while part of risk considerations, is not independently listed as one of the core principles-yet the answer "D. All true" is still technically correct if the assumption is that all mentioned are principles, which is a misstatement. Theaccuratelist must be used to avoid ambiguity.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 1.4 - The Principles of Asset Management:
"There are seven principles of asset management: Value, Alignment, Leadership, Assurance, Lifecycle thinking, Risk-based decisions, and Sustainability."

NEW QUESTION # 71
ISO 55001 defines seven sets of requirements for a management system for asset management, except ...

A. Multi-level Planning for assets and asset management
B. Controlling
C. Defining the Organisational Context
D. Support for effective management

Answer: B

NEW QUESTION # 72
......

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