IAM The Institute of Asset Management Certificate - IAM-Certificate Exam Practice Test

A. Depreciation

B. Disincentive

C. Discounts

D. Distinction

E. Disinvestment

A. The residual value of assets

B. Legislation regarding disposal of the assets

C. The depreciated value of the assets

D. Alternative uses for the assets

E. The environmental impact of disposing of the assets

A. effectively communicated, never reviewed, supported by top management, consistent with stakeholder requirements and aligned with other organisational policies

B. effectively communicated, regularly reviewed, supported by the risk teams, consistent with stakeholder requirements and aligned with other organisational policies

C. effectively communicated, regularly reviewed, supported by top management, consistent with stakeholder requirements and not aligned with any other organisational policies

D. effectively communicated, regularly reviewed, consistent with stakeholder requirements, supported by top management and kept confidential

E. effectively communicated, regularly reviewed, supported by top management, consistent with stakeholder requirements and aligned with other organisational policies

A. False

B. True

A. Asset management audit reports

B. Sustainability benchmarks

C. Asset management communications plan

D. Sustainability statements

E. Strategic Asset Management Plan (SAMP)

A. Installation, maintenance and operations, and disposal costs

B. Asset deterioration and reliability costs

C. Maintenance, associated financing costs, refurbishment, and disposal costs

D. Installation, failure and refurbishment costs

A. False

B. True

A. The effect of uncertainty on an organisation's objectives

B. The impact of uncertainty

C. An organisation's appetite to uncertainty

D. An organisation's tolerance to uncertainty

E. The effect of meeting an organisation's objectives

A. The system by which organisations can manage and influence stakeholder requirements

B. The asset system which organises all data management activities

C. The asset information technology system used for collating and analysing asset data

D. The management system which organises and drives all asset management activities