Real IAM-Certificate Exam Questions are the Best Preparation Material [Q20-Q36]

March 4, 2026 IAM-Certificate, IAM 0 Comments

Real IAM-Certificate Exam Questions are the Best Preparation Material [Q20-Q36]

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Real IAM-Certificate Exam Questions are the Best Preparation Material

Practice on 2026 LATEST IAM-Certificate Exam Updated 95 Questions

Q20. A change of maintenance contractor for an operational system is being proposed. Which of the following processes should be applied?

Maintenance Planning Process

Reliability Engineering Process

Change Request Process

Contingency Planning Process

Spares Provisioning Process

Q21. 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

Q22. Asset Management is explicitly focussed on helping organisations to achieve their defined objectives and to determine the optimal blend of activities based on these objectives.

True

False

Q23. When developing a new Strategic Asset Management Plan, which of the following pieces of information will be most relevant?

Availability of finance, demand forecasts, maintenance schedules

Availability of finance, demand forecasts, risk appetite

Availability of capital, service performance requirements, historic demand

Historic cost trends, demand forecasts, cost of capital

Cost of capital, demand forecasts, competitor analysis

Q24. There are 4 fundamentals in asset management, including ….

Value, Alignment, Leadership and Assurance

Value, Alignment, Leadership and Insurance

Value, Competitif, Leadership and Assurance

Value, Alignment, Proggresive and Assurance

Q25. Which are included in the asset life cycle :

Acquire – Corporate- Operate – Dispose

Acquire – Commission – Operate – Diaspora

Acquire – Commission – Operate – Dispose

Acquire – Commission – Performance- Dispose

Q26. Which of the following types of information would NOT normally be required for the development of an asset management plan?

Asset Register

Asset Criticality

Asset Condition

Organisation’s share price

Q27. To successfully establish, operate and improve asset management within an organisation, it is essential that leadership, and commitment, is demonstrated by all levels of management – from senior executives to supervisors.

False

True

Q28. 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

Q29. To successfully establish, operate and improve asset management within an organisation, it is essential that leadership, and commitment, is demonstrated by all levels of management – from senior executives to supervisors.

False

True

Q30. A policy is best defined as…

Overarching objectives setting context and direction

Intentions and direction as formally expressed by top management

Activities to create value for customers

Temporary endeavor to create unique output

Action plans to attain objectives

Q31. Which of the following is typically NOT a capital investment?

Asset renewal

Replacement assets

Asset creation

Safety inspections

Property acquisition

Q32. 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

Q33. ISO 55001 sets out requirements for an asset management policy which fall into five categories:

Consistency, Appropriateness, Maintenance, A framework, Communication

Consistency, A priori, Commitment, A framework, Communication

Consistency, A priori, Commitment, Balancing, Communication

Consistency, Appropriateness, Commitment, A framework, Communication

Q34. What is the purpose of the asset management policy?

To determine the asset management objectives including costs, risks and performance, aligned with the organisational objectives.

To set a framework of principles for translating the organisation’s strategic objectives into asset management objectives and guiding development of the asset management strategy.

To describe the long-term approach to the management of physical assets and how organisational objectives are converted into asset management objectives.

To address the approach of the asset management organisation to realise the (strategic) asset management plans.

To balance the costs and benefits of different renewal maintenance overhaul and disposal interventions in support of the asset management objectives.

Q35. 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

Q36. Which of the following has the biggest impact on cash flows?

Return on capital employed

Depreciation

Operational Expenditure (Opex)

EBITDA