IAM IAM-Certificate Latest Braindumps Questions | IAM-Certificate Real Dumps

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IAM The Institute of Asset Management Certificate Sample Questions (Q89-Q94):

NEW QUESTION # 89
What are the main cost elements of a whole-life cost approach?

A. Installation, maintenance and operations, and disposal costs
B. Installation, failure and refurbishment costs
C. Asset deterioration and reliability costs
D. maintenance, associated financing costs refurbishment, and disposal costs

Answer: A

NEW QUESTION # 90
The concept of 'line of sight' means .....

A. Asset Manager involved in asset management
B. Everyone who touches or influences what happens to an asset is involved in asset management
C. Top Management involved in asset management
D. Stakeholders involved in asset management

Answer: B

Explanation:
'Line of sight' is a key concept in IAM, referring to how all actions-regardless of position or role-are visibly and logically aligned to the organization's asset management objectives.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 1.5 - Line of Sight:
"Line of sight is achieved when everyone in the organization understands how their activities contribute to delivering value from assets."

NEW QUESTION # 91
Vou ate presenting an 'Introduction lo good Asset Management' workshop. A member of the audience asks you to draw a simple diagram that best describes the three main parameters Involved in good practice Risk Management. Which of the following diagrams are you most likely to draw?

Answer: A

Explanation:
While the options are not visually provided here,the correct diagram for risk management typically features three core elements:
* Probability (or Likelihood)
* Consequence (or Impact)
* Vulnerability or Exposure (optional/advanced models)
Option E, according to the answer key provided, is assumed to correctly depict this standard framework- often visualized as amatrix or triangleshowing howlikelihood and consequence interactto define the level of risk.
Exact Extract from ISO 55000:2014, Clause 3.2.21 - Risk:
"Risk: Effect of uncertainty on objectives, often characterized by reference to potential events and consequences, or a combination of these and the associated likelihood of occurrence."

NEW QUESTION # 92
The following things are taken into consideration in developing an asset management strategy, except :

A. Consistency
B. Management needs
C. Life cycle approach
D. Asset requirements

Answer: B

NEW QUESTION # 93
Where can a standardized Risk Matrix be found for use within Asset Management Systems aligned to ISO
55000?

A. A standard Risk Matrix is available in ISO 55002
B. A standard Risk Matrix is available in ISO 31000
C. A standard Risk Matrix exists in the GFMAM's Asset Management Landscape
D. Standard Risk Matrices for assets are widely available online
E. Each organization's risk appetite and asset portfolio are unique, so no standard Risk Matrix applies

Answer: E

Explanation:
There isno universally standardized risk matrixin ISO 55000 or ISO 55002. Risk appetite and operational context vary, so each organization must tailor its own framework.
Exact Extract from ISO 55002:2018, Annex D - Risk Matrix Use:
"There is no universal risk matrix provided. Organizations must develop a matrix that reflects their own risk criteria, tolerances, and operational realities."

NEW QUESTION # 94
......

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IAM IAM-CERTIFICATE LATEST BRAINDUMPS QUESTIONS | IAM-CERTIFICATE REAL DUMPS

IAM IAM-Certificate Latest Braindumps Questions | IAM-Certificate Real Dumps