VALID IAM-CERTIFICATE TEST ANSWERS REALISTIC QUESTIONS POOL ONLY AT PASSEXAMDUMPS

Valid IAM-Certificate Test Answers Realistic Questions Pool Only at PassExamDumps

Valid IAM-Certificate Test Answers Realistic Questions Pool Only at PassExamDumps

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Tags: Valid IAM-Certificate Test Answers, IAM-Certificate Exam Blueprint, Exam IAM-Certificate Details, IAM-Certificate Reliable Test Prep, IAM-Certificate Clearer Explanation

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IAM The Institute of Asset Management Certificate Sample Questions (Q51-Q56):

NEW QUESTION # 51
Characteristics of organisational context that affect what is achievable and worthwhile in asset management fall into three categories:

  • A. Asset systems criticality
  • B. All above true
  • C. Volatility of the business environment
  • D. Scale and complexity of the asset portfolio

Answer: B

Explanation:
Theorganizational contextdetermines how asset management strategies and objectivesare tailored. It includes internal and external factors such as asset complexity, environmental volatility, and the criticality of systems to business continuity.
Exact Extract from ISO 55001:2014, Clause 4.1 - Understanding the Organization and its Context:
"The organization shall determine external and internal issues relevant to its purpose and that affect its ability to achieve the intended outcomes of its asset management system."


NEW QUESTION # 52
Which of these statements is UNTRUE?

  • A. Asset information is always worth collecting regardless of cost
  • B. Asset information has maintenance costs as well as collection costs
  • C. Asset information can be treated as an asset in its own right

Answer: A

Explanation:
Collectingall available asset datawithout consideration ofvalue, relevance, or costleads to waste and inefficiency. Asset data should bejustified by its use in decision-making.
Exact Extract from IAM - Asset Information: Strategy, Management and Governance:
"Information collection should be justified based on decision value. Over-collection can waste resources and impair decision-making clarity."


NEW QUESTION # 53
(Exposure to) the possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility, is the definition of .......

  • A. Risk
  • B. Asset
  • C. Cost
  • D. Value

Answer: A


NEW QUESTION # 54
There are many factors that can drive the decommissioning of assets,except:

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

Answer: B

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 # 55
Which statement is INCORRECT?

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

Answer: B

Explanation:
TheAsset Management Policyis notderived fromother policies-it isaligned withthem. It expresses high- level intent and governs other plans and strategies, not the reverse.
Exact Extract from ISO 55001:2014, Clause 5.2 - Asset Management Policy:
"The asset management policy shall be consistent with other relevant organizational policies and aligned with the organization's strategic plan."


NEW QUESTION # 56
......

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