Free IAM IAM-Certificate Exam Dumps Questions & Answers

The asset management strategy will:

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

An asset management plan specifies...

• A.Objectives, stakeholders, strategy alignment, and risk mitigation
• B.Activities, resources, costs, timeframes, and responsibilities to meet AM objectives
• C.Capability development, system design, and risk mitigation
• D.Long-term asset management approach and conversion of organizational goals
• E.Framework for translating strategy into AM objectives

Which of the following statements best describes the difference between an Asset Management Policy and an Asset Management Strategy?

• A.Policy defines objectives and time; strategy defines principles
• B.Policy defines principles; strategy certifies condition
• C.Policy defines principles; strategy defines objectives and time
• D.Policy defines financial trade-offs; strategy summarizes planning
• E.Policy defines objectives and time; strategy summarizes work plans

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

A definition of asset management is:

• A.A grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations
• B.The optimal life cycle management of physical assets to sustainably achieve the stated business objectives
• C.The optimal maintenance an organisation undertakes on its assets
• D.A clear understanding of the linkages between each stage in the asset lifecycle