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IAM The Institute of Asset Management Certificate Sample Questions (Q94-Q99):
NEW QUESTION # 94
What Is the Asset Life Cycle?
Answer: D
NEW QUESTION # 95
Successful delivery of the asset management plan(s) relies on integration with other organisational plans in both the development and delivery phases.
Answer: B
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 # 96
A key role of asset management is to assure the delivery of value in line with:
Answer: A
NEW QUESTION # 97
Asset Management should deliver:
Answer: D
NEW QUESTION # 98
Capital Investment Decision-Making comprises the processes to .....
Answer: C
Explanation:
Capital Investment Decision-Making is a structured process that evaluatesinvestment options, typically considering total lifecycle cost, business value, and risk. While asset replacement may be a consequence, the broader goal is optimization of value creation through new asset deployment.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.3.3 - Capital Investment Decision-Making:
"This includes identification, evaluation, and prioritization of investment options to create, upgrade or renew assets in alignment with organizational objectives."
NEW QUESTION # 99
......
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