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IAM The Institute of Asset Management Certificate Sample Questions (Q38-Q43):

NEW QUESTION # 38
Procurement and delivery of the solution to time, cost and quality targets. What phase is it?

A. Implementation phase
B. Definition phase
C. Concept phase
D. Handover and closeout phase

Answer: A

NEW QUESTION # 39
The concept of 'line of sight' means .....

A. Stake holders involved in asset management
B. Top Management involved in asset management
C. everyone who touches or influences what happens to an asset is involved in asset management
D. Asset Manager involved in asset management

Answer: C

NEW QUESTION # 40
What is the purpose of whole-life cost analysis?

A. To determine the renewal costs at the end of an asset's life
B. To determine the most important costs associated with an asset
C. To determine the option for a particular decision which has the lowest costs over the life of the asset

Answer: C

NEW QUESTION # 41
Which statement is INCORRECT?

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

Answer: C

NEW QUESTION # 42
The objectives that the organization wants to achieve from its asset management activities, are ....

A. the future capability and performance requirements of assets, asset systems and the asset portfolio as a whole
B. A&B True
C. to describes an organisation's long-term approach to managing its assets.
D. A&B False

Answer: B

NEW QUESTION # 43
......

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Jack Martin Jack Martin

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100% Pass Quiz 2025 IAM-Certificate: Efficient The Institute of Asset Management Certificate Reliable Test Vce

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IAM The Institute of Asset Management Certificate Sample Questions (Q38-Q43):

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