Iam marks4sure iam Certificate Iam-certificate Book by Hendrix q28 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:	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:

Asset Register

Asset Criticality

Asset Condition

Organisation’s share price

Discussion

Question 9

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

Options:

Efficiency gains

Cost Avoidance

Compliment asset

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:

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

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

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

Prepare an overhaul for type A and B

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:

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

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

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

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