100% PASS QUIZ 2025 IAM IAM-CERTIFICATE: NEWEST THE INSTITUTE OF ASSET MANAGEMENT CERTIFICATE VALID EXAM BOOK

100% Pass Quiz 2025 IAM IAM-Certificate: Newest The Institute of Asset Management Certificate Valid Exam Book

100% Pass Quiz 2025 IAM IAM-Certificate: Newest The Institute of Asset Management Certificate Valid Exam Book

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IAM The Institute of Asset Management Certificate Sample Questions (Q67-Q72):

NEW QUESTION # 67
The benefits of an asset management system are...

  • A. A-B-C are true
  • B. Establish roles and responsibilities
  • C. Formalizes asset management
  • D. Bring best practices into the organization

Answer: A

Explanation:
An asset management system, especially when aligned with ISO 55000, delivers comprehensive business benefits, including structured role clarity, procedural discipline, and the integration of industry best practices.
This leads to more transparent governance, accountability, and performance management across the asset lifecycle.
* Ais true: It transforms informal practices into formal procedures.
* Bis true: Clearly defines roles and governance responsibilities.
* Cis true: Embeds global best practices via systematic frameworks.
Exact Extract from ISO 55000:2014, Clause 3.4:
"An asset management system enables an organization to achieve its asset management objectives and derive value from its assets... It formalizes roles and responsibilities and incorporates recognized practices."


NEW QUESTION # 68
In what year did the term "asset management" start to be used?

  • A. 0
  • B. 1
  • C. 2
  • D. 3

Answer: A

Explanation:
The term "asset management" began emerging formally in theearly 1980s, particularly within infrastructure sectors. The IAM recognizes 1980 as the foundational point when structured approaches began to evolve around lifecycle and value-centric practices.
Reference from IAM historical insights:
"The structured use of the term 'asset management' began in the 1980s, focusing initially on infrastructure and utility sectors before becoming more universally adopted." (Source: IAM Historical Overview, Introduction to Asset Management)


NEW QUESTION # 69
A key role of asset management is to assure the delivery of value, in line with, except :

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

Answer: D


NEW QUESTION # 70
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


NEW QUESTION # 71
Which of the following types of information would NOT normally be required for the development of an asset management plan?

  • A. Asset Register
  • B. Asset Condition
  • C. Asset Critically
  • D. Organisation's share price

Answer: D


NEW QUESTION # 72
......

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