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 Apr 29, 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

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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: