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IAM The Institute of Asset Management Certificate Sample Questions (Q40-Q45):

NEW QUESTION # 40
What is the correct top-down hierarchy order for the following PAS 55 defined documents?

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

Answer: D

NEW QUESTION # 41
What is an Asset Management System as defined by PAS 55?

A. The asset information technology system used for collating and analysing asset data
B. The system by which organisations can manage and influence stakeholder requirements
C. The management system which organises and drives all asset management activities
D. The asset system which organises all data management activities

Answer: C

NEW QUESTION # 42
The contents of an asset management policy can include:

A. The requirements of key stakeholders, roles and responsibilities, AM principles, framework for strategy and objectives, and review frequency
B. Mandated requirements, AM principles, roles and responsibilities, key risks, and review frequency
C. The mandated requirements, roles and responsibilities, key departments, framework for strategy, and review frequency
D. Mandated requirements, AM principles, roles and responsibilities, strategy framework, and commitment to continuous improvement
E. Mandated requirements, roles and responsibilities, AM principles, strategy framework, and AMP details

Answer: D

Explanation:
Option D covers all key elements described in ISO 55001: compliance, alignment, clarity of roles, continuous improvement, and a basis for strategic and tactical planning.
Exact Extract from ISO 55001:2014, Clause 5.2:
"The policy should include: appropriateness, commitment to compliance and improvement, framework for setting objectives, and alignment with strategy."

NEW QUESTION # 43
A definition of asset management is:

A. A clear understanding of the linkages between each stage in the asset lifecycle?
B. a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations
C. The optimal life cycle management of physical assets to sustainably achieve the stated business objectives?
D. The optimal maintenance an organisation undertakes on its assets?

Answer: D

NEW QUESTION # 44
Which of the following requirements would you expect to find included within an Asset Management Strategy?

A. Asset register
B. Asset data configuration
C. Project handback to operations
D. Future demand
E. Maintenance special tools

Answer: D

Explanation:
Future demandis essential in the strategy, influencing asset lifecycle plans, performance targets, and investment. The other options are implementation-level details, not strategic.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.2.1 - Demand Analysis in Strategy:
"Understanding future demand is essential for developing a resilient and aligned asset management strategy."

NEW QUESTION # 45
......

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100% Pass 2025 IAM-Certificate: Reliable The Institute of Asset Management Certificate Demo Test

IAM-Certificate Reliable Exam Book & Practice IAM-Certificate Exam Fee

IAM The Institute of Asset Management Certificate Sample Questions (Q40-Q45):

IAM-Certificate test dumps, IAM IAM-Certificate exam pdf braindumps

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