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IAM The Institute of Asset Management Certificate Sample Questions (Q88-Q93):

NEW QUESTION # 88
What is the correct top-down hierarchy order for the following PAS 55 defined documents?

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

Answer: B

NEW QUESTION # 89
A key role of asset management is to assure the delivery of value, in line with, except :

A. Return on Investment (ROI) and/or Return on Net Assets (RONA
B. Required residual risk profile
C. agreed performance / levels of service
D. Company Profile

Answer: D

NEW QUESTION # 90
An ISO 55000 asset management system provides the structure, methodology and mechanism to helping asset- intensive organizations deliver on their objectives.

A. True
B. False

Answer: A

Explanation:
This statement reflects the foundational objective of ISO 55000: to offer asystematic approachto asset management. This includes the integration of leadership, planning, support, operation, performance evaluation, and continual improvement-all contributing to the achievement of organizational objectives through optimized asset performance.
Exact Extract from ISO 55000:2014, Clause 0.2:
"An asset management system provides a structured approach for developing and implementing asset management activities that deliver the organizational objectives."

NEW QUESTION # 91
Which of the following is best described as an Asset Management Objective?

A. Risk-based maintenance will be introduced at Depot A in September 2011 with the following work volumes
B. Risk-based maintenance will deliver an improvement in the failure rate of assets of 10% for no increase in cost by September 2011
C. Risk based provide direction for Asset and Non-Asset Class Plannin
D. A risk-based approach to renewal and maintenance will be adopted

Answer: D

NEW QUESTION # 92
What is PAS 55?

A. A BSI Publically Available Specification for the optimized management of financial assets
B. A BSI Publically Available Specification for the optimized management of physical assets
C. A BSI Previously Available Specification for the optimized management of physical assets
D. A BSI Previously Available Specification for the optimized management of financial assets

Answer: B

NEW QUESTION # 93
......

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