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IAM The Institute of Asset Management Certificate Sample Questions (Q16-Q21):

NEW QUESTION # 16
Capital Investment Decision-Making comprises the processes to .....

A. The replacement of modal at the end of their useful life
B. evaluate and analyse options for the creation of new assets
C. All false
D. Decreasing the capability of assets

Answer: B

NEW QUESTION # 17
How many elements does the IAM Asset Management Conceptual Model contain?

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

Answer: C

NEW QUESTION # 18
The term optimizing describes.

A. The process of review the best value compromise between a set of competing factors, in order to support asset management decision-making
B. The process of control the best value compromise between a set of competing factors, in order to support asset management decision-making
C. The process of establishing the best value compromise between a set of competing factors, in order to support asset management decision-making
D. The process of Maintenance the best value compromise between a set of competing factors, in order to support asset management decision-making

Answer: C

NEW QUESTION # 19
Which of the following is best described as an Asset Management Objective?

A. A risk-based approach to renewal and maintenance will be adopted
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. Risk based provide direction for Asset and Non-Asset Class Plannin

Answer: A

NEW QUESTION # 20
(Exposure to) the possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility, is the definition of .......

A. Value
B. Asset
C. Risk
D. Cost

Answer: C

NEW QUESTION # 21
......

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