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IAM The Institute of Asset Management Certificate Sample Questions (Q56-Q61):

NEW QUESTION # 56
A key role of asset management is to assure the delivery of value, in line with, except :

A. agreed performance / levels of service
B. Required residual risk profile
C. Company Profile
D. Return on Investment (ROI) and/or Return on Net Assets (RONA

Answer: C

NEW QUESTION # 57
Effective asset management can enhance an organization's reputation and its ability to .......?

A. Reduce the cost of managing assets over their lives.
B. Meet its regulatory and statutory obligations
C. Operate safely.
D. All true

Answer: D

NEW QUESTION # 58
What is the correct top-down hierarchy order for the following PAS 55 defined documents?

A. Asset Management Policy, Plans, Strategy and Objectives
B. Asset Management Policy, Strategy, Objectives and Plans
C. Asset Management Strategy, Policy, Objectives and Plans
D. Asset Management Policy, Objectives, Strategy and Plans

Answer: B

NEW QUESTION # 59
Capital Investment Decision-Making comprises the processes to .....

A. All false
B. Decreasing the capability of assets
C. The replacement of modal at the end of their useful life
D. evaluate and analyse options for the creation of new assets

Answer: D

NEW QUESTION # 60
The comparison between Lean and Asset Management, are ......

A. All about Value, Risk, Maintenance
B. All about Security System
C. All about Purpose, Process, People
D. All about Asset, People, System

Answer: C

NEW QUESTION # 61
......

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