Free IAM IAM-Certificate Exam Dumps Questions & Answers

According to ISO 55000, assets are .....

• A.  Refers to all the materials available in our environment
• B.  A type of investment that represents an ownership share in a company
• C.  Processed, organized and structured data
• D.  Item, thing or entity that has potential or actual value to an organization

Which of the following statements best describes the difference between an Asset Management Policy and an Asset Management Strategy?

• A.  Policy defines principles; strategy certifies condition
• B.  Policy defines objectives and time; strategy summarizes work plans
• C.  Policy defines objectives and time; strategy defines principles
• D.  Policy defines financial trade-offs; strategy summarizes planning
• E.  Policy defines principles; strategy defines objectives and time

Which of the following is NOT a key requirement with regard to an asset management policy?

• A.  It provides for continual improvement
• B.  It is fully detailed on every aspect
• C.  It is appropriate for the type of organization
• D.  It commits the organization to compliance with relevant laws
• E.  It is consistent with the organizational strategic plan

When developing a new Strategic Asset Management Plan, which of the following pieces of information will be most relevant?

• A.  Cost of capital, demand forecasts, competitor analysis
• B.  Historic cost trends, demand forecasts, cost of capital
• C.  Availability of capital, service performance requirements, historic demand
• D.  Availability of finance, demand forecasts, risk appetite
• E.  Availability of finance, demand forecasts, maintenance schedules

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

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