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Reference: https://theiam.org/professional-development/qualifications/iam-certificate/
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IAM The Institute of Asset Management Certificate Sample Questions:
What is the Asset Life Cycle?
- A. A project management system
- B. A substitute for quality management
- C. A strategic and analytical approach to the management of a business's assets
- D. All False
Correct Answer: C 🗳️
Explanation: Only visible for TestPassed members. You can sign-up / login (it's free).
How many elements does the IAM Asset Management Conceptual Model contain?
- A. Six
- B. Seven
- C. Four
- D. Five
Correct Answer: C 🗳️
Explanation: Only visible for TestPassed members. You can sign-up / login (it's free).
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 mandated requirements, roles and responsibilities, key departments, framework for strategy, and review frequency
- C. The requirements of key stakeholders, roles and responsibilities, AM principles, framework for strategy and objectives, and review frequency
- D. Mandated requirements, AM principles, roles and responsibilities, key risks, and review frequency
- E. Mandated requirements, roles and responsibilities, AM principles, strategy framework, and AMP details
Correct Answer: A 🗳️
Explanation: Only visible for TestPassed members. You can sign-up / login (it's free).
What does the "D" in EBITDA stand for?
- A. Depreciation
- B. Disincentive
- C. Discounts
- D. Disinvestment
- E. Distinction
Correct Answer: A 🗳️
Explanation: Only visible for TestPassed members. You can sign-up / login (it's free).
What is an Asset Management System as defined by PAS 55?
- A. The asset system which organises all data management activities
- B. The asset information technology system used for collating and analysing asset data
- C. The system by which organisations can manage and influence stakeholder requirements
- D. The management system which organises and drives all asset management activities
Correct Answer: D 🗳️
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