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IAM The Institute of Asset Management Certificate Sample Questions (Q14-Q19):

NEW QUESTION # 14
There are 7 principles of asset management :

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

Answer: B

NEW QUESTION # 15
The comparison between Lean and Asset Management, are ......

A. All about Purpose, Process, People
B. All about Value, Risk, Maintenance
C. All about Security System
D. All about Asset, People, System

Answer: A

NEW QUESTION # 16
What is the correct top-down hierarchy order for the following PAS 55 defined documents?

A. Asset Management Policy, Strategy, Objectives and Plans
B. Asset Management Policy, Plans, Strategy and Objectives
C. Asset Management Policy, Objectives, Strategy and Plans
D. Asset Management Strategy, Policy, Objectives and Plans

Answer: A

NEW QUESTION # 17
To successfully establish, operate and improve asset management within an organisation, it is essential that leadership, and commitment, is demonstrated by all levels of management - from senior executives to supervisors.

A. True
B. False

Answer: A

NEW QUESTION # 18
Which of the following statements is true?

A. Visible senior level leadership and commitment is insignificant in organisations
B. Good asset management has clear connectivity between an organisation's strategic plan and the value core
C. Assurance is the combination of monitoring and auditing
D. Assets is not a potential value to an organisation

Answer: C

NEW QUESTION # 19
......

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