How many elements does the IAM Asset Management Conceptual Model contain?

• A.Seven
• B.Four
• C.Five
• D.Six

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In conducting a demand analysis, there are several elements to consider:

• A.Changes in required levels of service and/or products
• B.Historical demand
• C.Drivers for demand and the change in demand over time
• D.All above true

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The concept of 'line of sight' means .....

• A.Asset Manager involved in asset management
• B.Top Management involved in asset management
• C.Stakeholders involved in asset management
• D.Everyone who touches or influences what happens to an asset is involved in asset management

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What is the purpose of whole-life cost analysis?

• A.To determine the most important costs associated with an asset
• B.To determine the renewal costs at the end of an asset's life
• C.To determine the option for a particular decision which has the lowest costs over the life of the asset

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What is NOT usually considered in the decision to decommission and dispose of assets?

• A.The residual value of assets
• B.Alternative uses for the assets
• C.The depreciated value of the assets
• D.The environmental impact of disposing of the assets
• E.Legislation regarding disposal of the assets

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