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IAM Updated IAM-Certificate Exam Questions and Answers by hendrix

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IAM IAM-Certificate Exam Overview :

Exam Name: The Institute of Asset Management Certificate
Exam Code: IAM-Certificate Dumps
Vendor: IAM Certification: IAM Certificate
Questions: 93 Q&A's Shared By: hendrix
Question 8

Which of the following types of information would NOT normally be required for the development of an asset management plan?

Options:

A.

Asset Register

B.

Asset Criticality

C.

Asset Condition

D.

Organisation’s share price

Discussion
Question 9

IAM-based decisions produce real savings, where savings develop from,except......

Options:

A.

Efficiency gains

B.

Cost Avoidance

C.

Compliment asset

D.

Cost Effectiveness

Discussion
Question 10

A public transportation company has a fleet of 150 trams. Type A (25 years old), Type B (19 years), Type C (2 years). Expected lifetime is 30 years. Type A and B perform sufficiently but suffer obsolescence and spare parts issues.

What would be a feasible action now?

Options:

A.

Prepare to phase out type A as they are near the end of life

B.

Start an asset rationalisation study on type A (and maybe B) to determine the possible end-of-life options

C.

Replace type A and B with 80 new type C trams to standardize fleet

D.

Prepare an overhaul for type A and B

E.

Modify type A and B to maintain service and solve obsolescence

Discussion
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Question 11

The purpose of an Asset Information Strategy is to:

Options:

A.

Collate the standards which define the collection, storage and use of asset information

B.

Provide the overall framework and plan for asset information which will deliver the organisation’s asset information requirements

C.

Specify the requirements for procuring the organisation’s asset information system

D.

Calculating the lowest cost options for the entire commercial life of a building

Discussion
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