Expert Answers to IAM Exam IAM-Certificate Questions

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IAM Certificate The Institute of Asset Management Certificate

The Institute of Asset Management Certificate

Last Update Jul 30, 2025
Total Questions : 93

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Questions 2

Value based on AM is ......

Options:

Value creation

Waste elimination

Value objective

The Assets

Discussion 0

Questions 3

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

Options:

Agreed performance / levels of service

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

Required residual risk profile

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 standard Risk Matrix is available in ISO 55002

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

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

A standard Risk Matrix is available in ISO 31000

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:

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

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

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

Discussion 0

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