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IAM IAM-Certificate Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Assessing and Managing Asset Management Risks	17%	- Risk Management 1. Compliance and Assurance 2. Contingency Planning 3. Risk Assessment 4. Criticality Analysis
Topic 2: Principles of Asset Management	33%	- Asset Management Fundamentals 1. Asset Management Objectives 2. Lifecycle Concepts 3. ISO 55000 Principles 4. Value Realisation
Topic 3: Finance and Business Impact	17%	- Financial and Business Considerations 1. Business Value 2. Investment Planning 3. Whole Life Costing 4. Performance Measurement
Topic 4: Asset Management Policy, Strategy and Planning	17%	- Strategic Planning 1. Objectives and Planning 2. Strategic Asset Management Plan 3. Governance 4. Asset Management Policy
Topic 5: Managing Asset Life Cycle Decisions and Activities	17%	- Lifecycle Management 1. Operations and Maintenance 2. Reliability and Performance 3. Asset Acquisition 4. Disposal and Renewal

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IAM The Institute of Asset Management Certificate Sample Questions (Q37-Q42):

NEW QUESTION # 37
In conducting a demand analysis, there are several elements to consider:

A. Historical demand
B. All above true
C. Drivers for demand and the change in demand over time
D. Changes in required levels of service and/or products

Answer: B

NEW QUESTION # 38
Which of these statements is UNTRUE?

A. Asset information is always worth collecting regardless of cost
B. Asset information has maintenance costs as well as collection costs
C. Asset information can be treated as an asset in its own right

Answer: A

NEW QUESTION # 39
How many elements does the IAM Asset Management Conceptual Model contain?

A. Four
B. Five
C. Seven
D. Six

Answer: A

NEW QUESTION # 40
What are the main cost elements of a whole-life cost approach?

A. Asset deterioration and reliability costs
B. Installation, failure and refurbishment costs
C. Maintenance, associated financing costs, refurbishment, and disposal costs
D. Installation, maintenance and operations, and disposal costs

Answer: D

Explanation:
Whole-life cost elements include costs incurred from the point of asset creation to its final disposal. This covers:
* Installation
* Operations and Maintenance
* Disposal or decommissioning
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.5.1:
"Key cost elements include initial acquisition, installation, maintenance, operation, and final disposal costs."

NEW QUESTION # 41
Procurement and delivery of the solution to time, cost and quality targets. What phase is it?

A. Concept phase
B. Implementation phase
C. Definition phase
D. Handover and closeout phase

Answer: B

NEW QUESTION # 42
......

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