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  • Exam Name: The Institute of Asset Management Certificate
  • Last Update: 12-Sep-2025
  • Questions and Answers: 93
  • Single Choice: 93 Q&A's

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IAM-Certificate Questions and Answers

Question # 1

The contents of an asset management policy can include:

A.

The requirements of key stakeholders, roles and responsibilities, AM principles, framework for strategy and objectives, and review frequency

B.

The mandated requirements, roles and responsibilities, key departments, framework for strategy, and review frequency

C.

Mandated requirements, roles and responsibilities, AM principles, strategy framework, and AMP details

D.

Mandated requirements, AM principles, roles and responsibilities, strategy framework, and commitment to continuous improvement

E.

Mandated requirements, AM principles, roles and responsibilities, key risks, and review frequency

Question # 2

Which of the following statements is true:

A.

Corporate objectives are derived from the Asset Management strategy

B.

Corporate objectives drive the activities within the Asset Management system

C.

Corporate objectives should be set by comparing the organisation’s performance to its most closest associated peer

Question # 3

The comparison between Lean and Asset Management, are ......

A.

All about Value, Risk, Maintenance

B.

All about Purpose, Process, People

C.

All about Asset, People, System

D.

All about Security System

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