IAM-CERTIFICATE NEW DUMPS EBOOK - RELEVANT IAM-CERTIFICATE EXAM DUMPS

IAM-Certificate New Dumps Ebook - Relevant IAM-Certificate Exam Dumps

IAM-Certificate New Dumps Ebook - Relevant IAM-Certificate Exam Dumps

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Tags: IAM-Certificate New Dumps Ebook, Relevant IAM-Certificate Exam Dumps, IAM-Certificate Download, IAM-Certificate Test Dumps.zip, Valid IAM-Certificate Exam Tutorial

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IAM The Institute of Asset Management Certificate Sample Questions (Q64-Q69):

NEW QUESTION # 64
The contents of an asset management policy can include:

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

Answer: A

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 # 65
This covers everything that goes into planning, designing, and procuring an asset.

  • A. Dispose
  • B. Commission
  • C. Operate
  • D. Acquire

Answer: D

Explanation:
Comprehensive and Detailed in Depth Explanation along with Exact Extract from IAM's five subject areas:
TheAcquirestage encompasses feasibility studies, planning, specification, design, procurement, and funding- the preparatory activities before an asset is commissioned.
Extract from IAM Document - Asset Management: An Anatomy (v4):
"The acquisition phase includes the activities required to define, justify, plan, design, and procure the asset." (Section 3.4.1 - Life Cycle Stage: Acquire)


NEW QUESTION # 66
Which of the following has the biggest impact on cash flows?

  • A. Balance sheet
  • B. Return on capital employed
  • C. Depreciation
  • D. Operational Expenditure (Opex)
  • E. EBITDA

Answer: D

Explanation:
Operational Expenditure (Opex)includes recurring costs that directly affect an organization'scash outflows, such as energy, labor, and service delivery costs. Depreciation is non-cash.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 2.3 - Financial Management:
"Operating expenditure (Opex) is a key factor in cash flow planning and often dominates lifecycle cost models."


NEW QUESTION # 67
Successful delivery of the asset management plan(s) relies on integration with other organisational plans in both the development and delivery phases.

  • A. True
  • B. False

Answer: A

Explanation:
Asset management planning must beintegrated with financial planning, risk management, HR planning, and operational strategies. Failure to align these will result in fragmentation, inefficiencies, and potential non-delivery of objectives.
* ISO 55001 requires this cross-functional integration.
* IAM identifies this as a foundational success factor.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.4 - Asset Management Planning:
"Integration with other business planning processes-financial, risk, operations-is essential for effective delivery of asset management plans."


NEW QUESTION # 68
A key role of asset management is to assure the delivery of value in line with:

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

Answer: C


NEW QUESTION # 69
......

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