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IAM The Institute of Asset Management Certificate Sample Questions (Q14-Q19):

NEW QUESTION # 14
There are many factors that can drive the decommissioning of assets, expect:

A. excess of service capacity
B. cost of retaining in service
C. compliance with changes in legislation
D. obsolete technology

Answer: C

NEW QUESTION # 15
Two widely used approaches to conceptualising value in an organisation are:

A. The Value Stream and Delivery
B. The Value Net and Chain
C. The Value Net and Delivery
D. The Value Stream and Chain

Answer: D

NEW QUESTION # 16
Which of these statements is true:

A. Asset information should be collected on all measurable aspects of an asset's function and performance
B. Asset information should be guided by the relevance of the information to the asset management decisions that need to be made about the asset
C. Asset information requirements should be derived according to the requirements set out in the IT department's procurement specification

Answer: C

NEW QUESTION # 17
(Exposure to) the possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility, is the definition of .......

A. Risk
B. Value
C. Cost
D. Asset

Answer: A

NEW QUESTION # 18
This covers everything the goes into planning, designing and procuring an asset.

A. Operate
B. Dispose
C. Acquire
D. Commission

Answer: C

NEW QUESTION # 19
......

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