Free Practice IAM IAM-Certificate Exam Questions 2025

Stay ahead with 100% Free The Institute of Asset Management Certificate IAM-Certificate Dumps Practice Questions

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Total 95 Questions | Updated On: Jun 04, 2025

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Question 1

IAM-based decisions produce real savings, where savings develop from,except......

A : Efficiency gains

B : Cost Avoidance

C : Compliment asset

D : Cost Effectiveness

Answer: C

Question 2

The objectives that the organization wants to achieve from its asset management activities, are ....

A : to describe an organisation’s long-term approach to managing its assets

B : the future capability and performance requirements of assets, asset systems and the asset portfolio as a whole

C : A & B True

D : A & B False

Answer: C

Question 3

What is the purpose of the asset management policy?

A : To determine the asset management objectives including costs, risks and performance, aligned with the organisational objectives.

B : To set a framework of principles for translating the organisation's strategic objectives into asset management objectives and guiding development of the asset management strategy.

C : To describe the long-term approach to the management of physical assets and how organisational objectives are converted into asset management objectives.

D : To address the approach of the asset management organisation to realise the (strategic) asset management plans.

E : To balance the costs and benefits of different renewal maintenance overhaul and disposal interventions in support of the asset management objectives.

Answer: B

Question 4

Which of the following would you normally expect to include as key components of the Asset ManagementStrategy?

A : Risk registers, statutory/environmental/financial constraints, O&M manuals, detailed work plans

B : Maintenance schedules, stakeholder lists, annual financial reports, asset forecasts

C : Improvement objectives, maintenance schedules, asset forecasts, As-Built drawings

D : Improvement objectives, strategic risks and opportunities,statutory/environmental/financial constraints, asset forecasts

E : Strategic risks, constraints, O&M manuals, As-Built drawings

Answer: D

Question 5

A vital element underpinning successful asset management, are .....

A : Competent

B : Consistent

C : Optimal decision-making

D : A-B-C True

Answer: D

Page: 1 / 19

Total 95 Questions | Updated On: Jun 04, 2025

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