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IAM The Institute of Asset Management Certificate Sample Questions (Q15-Q20):

NEW QUESTION # 15
A vital element underpinning successful asset management, are .....

A. Optimal decision-making
B. Competent
C. Consistent
D. A-B-C True

Answer: D

NEW QUESTION # 16
IAM based decision produce real saving, where saving develop from, except ......

A. Compliment asset
B. Cost Effectiveness
C. Cost Avoidance
D. Efficiency gains

Answer: A

NEW QUESTION # 17
The concept of 'line of sight' means .....

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

Answer: B

Explanation:
'Line of sight' is a key concept in IAM, referring to how all actions-regardless of position or role-are visibly and logically aligned to the organization's asset management objectives.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 1.5 - Line of Sight:
"Line of sight is achieved when everyone in the organization understands how their activities contribute to delivering value from assets."

NEW QUESTION # 18
In conducting a demand analysis, there are several elements to consider:

A. Changes in required levels of service and/or products
B. Historical demand
C. Drivers for demand and the change in demand over time
D. All above true

Answer: D

NEW QUESTION # 19
In what year did the term "asset management" start to be used!

A. 0
B. 1
C. 2
D. 3

Answer: D

NEW QUESTION # 20
......

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