Iam braindumps2go iam-certificate Leak Questions by Beau q56 vce pdf

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Exam Name:	The Institute of Asset Management Certificate
Exam Code:	IAM-Certificate Dumps
Vendor:	IAM	Certification:	IAM Certificate
Questions:	122 Q&A's	Shared By:	beau

Question 20

A definition of asset management is:

Options:

The optimal maintenance an organisation undertakes on its assets

The optimal life cycle management of physical assets to sustainably achieve the stated business objectives

A clear understanding of the linkages between each stage in the asset lifecycle

A grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations

Discussion

Question 21

Ignoring the time-based value of money, in Whole Life Cost Modelling, annualised costs are:

Options:

The sum of the maintenance and operating costs divided by the service life of the asset in years

The sum of the costs in the Create, Operate, Maintain and Disposal phases

The life cycle costs divided by the service life of the asset in years

The annual costs to operate and maintain the asset

The annual capital investment costs in the create and mid-life upgrade phases

Discussion

Question 22

When analysing the criticality of assets, what should be the most important consideration?

Options:

Impact on customers

Impact on costs

Impact on organisational objectives

Impact on operations

Impact of legislation

Discussion

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Question 23

Who should demonstrate leadership in ensuring adequate, periodic review of the suitability, adequacy and effectiveness of the Asset Management System?

Options:

The Senior Engineer

The Head of Asset Management

The Board Audit Committee

The Top Management Team

An Independent Auditor