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IAM The Institute of Asset Management Certificate Sample Questions (Q41-Q46):
NEW QUESTION # 41
What is NOT usually considered in the decision to decommission and dispose of assets?
Answer: A
Explanation:
Depreciated valueis a financial accounting figure and is not a strong indicator of whether an asset should be decommissioned. Operational, legal, and environmental factors carry more weight.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 3.4.5 - Disposal:
"Factors include residual value, reuse options, legal compliance, and environmental impact. Financial book value is rarely a deciding factor."
NEW QUESTION # 42
Which of the following phrases describes best the key advantage of asset management over traditional approaches?
Answer: A
NEW QUESTION # 43
Which of these statements is true:
Answer: B
NEW QUESTION # 44
An asset management plan specifies...
Answer: B
Explanation:
Theasset management plan (AMP)outlines theactions and resourcesrequired to achieve the defined asset management objectives. It includeswhat will be done, by whom, when, and at what cost.
Exact Extract from ISO 55002:2018, Clause 6.2.2 - Asset Management Plans:
"Plans should describe the activities to achieve asset management objectives, identifying resources, timeframes, responsibilities, and associated risks."
NEW QUESTION # 45
When developing a new Strategic Asset Management Plan, which of the following pieces of information will be most relevant?
Answer: C
Explanation:
AStrategic Asset Management Plan (SAMP)aligns long-term organizational objectives with asset strategy.
Key inputs includeavailable financial resources,demand forecasts, and theorganization's risk appetite- which determines how aggressively or conservatively assets will be managed.
Exact Extract from ISO 55002:2018, Clause 5.1 - Strategic Planning:
"Inputs to the strategic asset management plan include: demand forecasts, financial constraints, and organizational risk management approach."
NEW QUESTION # 46
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