IAM-CERTIFICATE TEST SAMPLE QUESTIONS & IAM-CERTIFICATE VCE PDF TRAINING & IAM-CERTIFICATE VALID TEST SIMULATOR

IAM-Certificate Test Sample Questions & IAM-Certificate Vce Pdf Training & IAM-Certificate Valid Test Simulator

IAM-Certificate Test Sample Questions & IAM-Certificate Vce Pdf Training & IAM-Certificate Valid Test Simulator

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IAM The Institute of Asset Management Certificate Sample Questions (Q66-Q71):

NEW QUESTION # 66
Procurement and delivery of the solution to time, cost and quality targets. What phase is it?

  • A. Implementation phase
  • B. Handover and closeout phase
  • C. Definition phase
  • D. Concept phase

Answer: A

Explanation:
TheImplementation Phaseinvolves translating approved asset plans into physical or system outputs. It encompassesprocurement, execution, and deliveryto specification and budget constraints.
* Concept and definition phasesprecede this stage.
* Handoverfollows this phase and deals with asset operational readiness.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 3.4.2 - Life Cycle Stage:
Implementation:
"This phase includes procurement, construction, installation, testing, and commissioning of the asset or solution. It is where time, cost, and quality performance is most closely monitored."


NEW QUESTION # 67
An ISO 55000 asset management system provides the structure, methodology and mechanism to helping asset-intensive organizations deliver on their objectives.

  • A. False
  • B. True

Answer: B


NEW QUESTION # 68
Which of the following is best described as an Asset Management Objective?

  • A. Risk based provide direction for Asset and Non-Asset Class Plannin
  • B. Risk-based maintenance will deliver an improvement in the failure rate of assets of 10% for no increase in cost by September 2011
  • C. Risk-based maintenance will be introduced at Depot A in September 2011 with the following work volumes
  • D. A risk-based approach to renewal and maintenance will be adopted

Answer: D


NEW QUESTION # 69
What is the purpose of whole-life cost analysis?

  • A. To determine the most important costs associated with an asset
  • B. To determine the option for a particular decision which has the lowest costs over the life of the asset
  • C. To determine the renewal costs at the end of an asset's life

Answer: B

Explanation:
Whole-life cost analysis (WLCA)is a key technique in asset management used to identify themost cost- effective optionover the lifespan of an asset. It includes capital costs, operational costs, maintenance, and disposal costs.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.5.1 - Whole-Life Costing:
"Whole-life costing is used to support decision-making by comparing alternative options based on the total cost of ownership over the asset's life."


NEW QUESTION # 70
Assurance is the combination of monitoring and control (of processes and outcomes) to confirm the assets, systems and processes are operating as intended.

  • A. True
  • B. False

Answer: B


NEW QUESTION # 71
......

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