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IAM-Certificate Exam Dumps : The Institute of Asset Management Certificate

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The Institute of Asset Management Certificate Questions and Answers

Question 1

What is the correct top-down hierarchy order for the following PAS 55 defined documents?

Options:

A.

Asset Management Policy, Strategy, Objectives and Plans

B.

Asset Management Strategy, Policy, Objectives and Plans

C.

Asset Management Policy, Plans, Strategy and Objectives

D.

Asset Management Policy, Objectives, Strategy and Plans

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Question 2

The purpose of an Asset Information Strategy is to:

Options:

A.

Collate the standards which define the collection, storage and use of asset information

B.

Provide the overall framework and plan for asset information which will deliver the organisation’s asset information requirements

C.

Specify the requirements for procuring the organisation’s asset information system

D.

Calculating the lowest cost options for the entire commercial life of a building

Question 3

What is good practice to be included in an asset management policy?

Options:

A.

A statement of commitment to comply with regulations, a commitment to continuous improvement, and principles guiding the development of the asset management strategy and objectives.

B.

A statement of commitment to comply with regulations, a commitment to continuous improvement, a detailed plan of the work for the following year.

C.

A statement of commitment to comply with regulations, a list of the top risks to the organisation, principles guiding the development of the asset management strategy and objectives.

D.

A statement of commitment to comply with regulations, budget for the next five years, a commitment to continuous improvement, principles guiding the development of the asset management strategy and objectives.

E.

A statement of commitment to comply with regulations, a commitment to continuous improvement, and the asset management strategy.