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IAM The Institute of Asset Management Certificate Sample Questions:

1. Asset Management is explicitly focused on helping organisations to achieve their defined objectives and to determine the optimal blend of activities based on these objectives.

A) False
B) True

2. Investment proposals should align with the delivery of...

A) The CEO's personal objectives
B) Departmental Objectives
C) Company Values
D) Strategic Objectives
E) Key Performance Indicators

3. Successful delivery of the asset management plan(s) relies on integration with other organisational plans in both the development and delivery phases.

A) False
B) True

4. Which of the following is best described as an Asset Management Objective?

A) Risk-based maintenance will deliver an improvement in the failure rate of assets of 10% for no increase in cost by September 2011
B) A risk-based approach to renewal and maintenance will be adopted
C) Risk-based maintenance will be introduced at Depot A in September 2011 with the following work volumes
D) Risk based provide direction for Asset and Non-Asset Class Planning

5. Which of the following requirements would you expect to find included within an Asset Management Strategy?

A) Maintenance special tools
B) Asset data configuration
C) Future demand
D) Asset register
E) Project handback to operations

Solutions: