IAM IAM-Certificate : The Institute of Asset Management Certificate

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IAM IAM-Certificate Exam Syllabus Topics:

Reference: https://theiam.org/professional-development/qualifications/iam-certificate/

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IAM The Institute of Asset Management Certificate Sample Questions:

Question #1
Where can a standardised Risk Matrix be found for use within Asset Management Systems aligned to the ISO
55000 series of standards?

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

Question #2
How many roles are there in the IAM Competences Framework?

A. Five
B. Seven
C. Three
D. Six

Question #3
Which of these statements is UNTRUE?

A. Asset information can be treated as an asset in its own right
B. Asset information has maintenance costs as well as collection costs
C. Asset information is always worth collecting regardless of cost

Question #4
A policy is best defined as...

A. Intentions and direction as formally expressed by top management
B. Action plans to attain objectives
C. Temporary endeavor to create unique output
D. Overarching objectives setting context and direction
E. Activities to create value for customers

Question #5
Value based on AM is ......

A. Waste elimination
B. The Assets
C. Value objective
D. Value creation

Solutions: