[Nov-2024] IAM IAM-Certificate Test Engine PDF - All Free Dumps from ExamsLabs [Q23-Q42] : Exams Labs Braindumps : http://blog.examslabs.com

QUESTION 23
What is the correct top-down hierarchy order for the following PAS 55 defined documents?

Asset Management Policy, Strategy, Objectives and Plans

Asset Management Strategy, Policy, Objectives and Plans

Asset Management Policy, Plans, Strategy and Objectives

Asset Management Policy, Objectives, Strategy and Plans

QUESTION 24
Which of the following statements is true?

Good asset management has clear connectivity between an organisation’s strategic plan and the value core

Assets is not a potential value to an organisation

Assurance is the combination of monitoring and auditing

Visible senior level leadership and commitment is insignificant in organisations

QUESTION 25
What is the purpose of whole-life cost analysis?

To determine the option for a particular decision which has the lowest costs over the life of the asset

To determine the most important costs associated with an asset

To determine the renewal costs at the end of an asset’s life

QUESTION 26
The benefits of an asset management system are…

Formalizes asset management

Establish roles and responsiblities

Bring best practices into the organization

A-B-C are true

QUESTION 27
A key role of asset management is to assure the delivery of value, in line with, except :

agreed performance / levels of service

Company Profile

Required residual risk profile

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

QUESTION 28
Successful delivery of the asset management plan(s) relies on integration with other organisational plans in both the development and delivery phases

False

True

QUESTION 29
According to ISO 55000, assets is …..

A type of investment that represents an ownership share in a company

Refers to all the materials available in our environment

Item, thing or entity that has potential or actual value to an organization.

Processed, organized and structured data

QUESTION 30
Based on ISO 55000 regarding asset management system, which of the following statements is false!

Is not a software

Is application agnostic

Provides a documented foundation for the asset management operation

Is a regulation to help the organization

QUESTION 31
In conducting a demand analysis, there are several elements to consider:

Historical demand

Drivers for demand and the change in demand over time

Changes in required levels of service and/or products

All above true

QUESTION 32
IAM based decision produce real saving, where saving develop from, except ……

Efficiency gains

Cost Avoidance

Compliment asset

Cost Effectiveness

QUESTION 33
A definition of asset management is:

The optimal maintenance an organisation undertakes on its assets?

The optimal life cycle management of physical assets to sustainably achieve the stated business objectives?

A clear understanding of the linkages between each stage in the asset lifecycle?

a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations

QUESTION 34
The comparison between Lean and Asset Management, are ……

All about Value, Risk, Maintenance

All about Purpose, Process, People

All about Asset, People, System

All about Security System

QUESTION 35
Assurance is the combination of monitoring and control (of processes and outcomes) to confirm the assets, systems and processes are operating as intended.

False

True

QUESTION 36
Capital Investment Decision-Making comprises the processes to …..

evaluate and analyse options for the creation of new assets

Decreasing the capability of assets

The replacement of modal at the end of their useful life

All false

QUESTION 37
Which of the following statements is true:

Corporate objectives drive the activities within the Asset Management system

Corporate objectives should be set by comparing the organisation’s performance to its most closest associated peer

Corporate objectives are derived from the Asset Management strategy

QUESTION 38
This covers everything the goes into planning, designing and procuring an asset.

Acquire

Commission

Operate

Dispose

QUESTION 39
How many roles are there in the IAM Competences Framework?

Five

Six

Seven

Three

QUESTION 40
Which are included in the asset life cycle :

Acquire – Corporate- Operate – Dispose

Acquire – Commission – Operate – Diaspora

Acquire – Commission – Operate – Dispose

Acquire – Commission – Performance- Dispose

QUESTION 41
In what year did the term “asset management” start to be used!

1980

1981

1982

1983

QUESTION 42
Which of the following statements is not a management asset?

a recognition that assets have a life cycle

an approach that looks to get the best out of the assets for the benefit of the organisation and/or its stakeholders

understanding and managing the risk associated with owning assets

a substitute for quality management