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IAM Certificate The Institute of Asset Management Certificate

The Institute of Asset Management Certificate

Last Update Jun 12, 2025
Total Questions : 93

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Questions 2

Value based on AM is ......

Options:

A.  

Value creation

B.  

Waste elimination

C.  

Value objective

D.  

The Assets

Discussion 0
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Questions 3

A key role of asset management is to assure the delivery of value in line with:

Options:

A.  

Agreed performance / levels of service

B.  

Return on Investment (ROI) and/or Return on Net Assets (RONA)

C.  

Required residual risk profile

D.  

All True

Discussion 0
Questions 4

Where can a standardized Risk Matrix be found for use within Asset Management Systems aligned to ISO 55000?

Options:

A.  

A standard Risk Matrix is available in ISO 55002

B.  

Each organization’s risk appetite and asset portfolio are unique, so no standard Risk Matrix applies

C.  

A standard Risk Matrix exists in the GFMAM’s Asset Management Landscape

D.  

A standard Risk Matrix is available in ISO 31000

E.  

Standard Risk Matrices for assets are widely available online

Discussion 0
Questions 5

When undertaking whole-life cost analysis it is important to remember that:

Options:

A.  

It is impossible to get the right answer unless all the data and information are understood

B.  

The analysis should be completed without reference to other organisational functions to ensure independence

C.  

As many costs as possible should be included in the analysis ensuring these are consistently derived between analyses

Discussion 0

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