100% PASS QUIZ 2025 MARVELOUS IAM ANSWERS IAM-CERTIFICATE REAL QUESTIONS

100% Pass Quiz 2025 Marvelous IAM Answers IAM-Certificate Real Questions

100% Pass Quiz 2025 Marvelous IAM Answers IAM-Certificate Real Questions

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IAM The Institute of Asset Management Certificate Sample Questions (Q44-Q49):

NEW QUESTION # 44
External stakeholders can influence asset management activities within an organisation by:

  • A. Having the power of veto over what the organisation does
  • B. Influencing the Organisational Strategic Plan through structured engagement
  • C. Defining the renewal and maintenance policies which govern the creation of the asset management plan

Answer: B

Explanation:
While stakeholders typically donot dictate policies, theyinfluence strategic planningthrough expectations, regulation, or partnership. Structured engagement ensures alignment with external needs.
Exact Extract from ISO 55000:2014, Clause 2.5 - Stakeholder Requirements:
"Organizations must engage with stakeholders to ensure that their expectations are considered in the development of asset management objectives and strategies."


NEW QUESTION # 45
What are the main cost elements of a whole-life cost approach?

  • A. maintenance, associated financing costs refurbishment, and disposal costs
  • B. Installation, maintenance and operations, and disposal costs
  • C. Installation, failure and refurbishment costs
  • D. Asset deterioration and reliability costs

Answer: B


NEW QUESTION # 46
The benefits of an asset management system are...

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

Answer: A


NEW QUESTION # 47
The asset management strategy will:

  • A. Consider how to encourage customer demand
  • B. Consider how and why current and future customer requirements are assessed
  • C. Consider how to discourage future demand growth
  • D. Focus on historical customer requirements for forecasting
  • E. Consider what customers want and how to limit change

Answer: B

Explanation:
A sound strategy evaluatesfuture customer needsto ensureasset capability and investment planningis aligned. Backward-looking or restrictive approaches do not align with proactive asset management.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.3 - Demand Analysis:
"Asset strategies must reflect an understanding of both current and future customer requirements, including external drivers of demand."


NEW QUESTION # 48
In what year did the term "asset management" start to be used!

  • A. 0
  • B. 1
  • C. 2
  • D. 3

Answer: C


NEW QUESTION # 49
......

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