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IAM IAM-Certificate Exam Syllabus Topics:

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

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IAM The Institute of Asset Management Certificate Sample Questions (Q32-Q37):

NEW QUESTION # 32
Assurance is the combination of monitoring and control (of processes and outcomes) to confirm the assets, systems and processes are operating as intended.

A. True
B. False

Answer: B

NEW QUESTION # 33
Which of these statements is UNTRUE?

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

Answer: B

NEW QUESTION # 34
Procurement and delivery of the solution to time, cost and quality targets. What phase is it?

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

Answer: D

Explanation:
TheImplementation Phaseinvolves translating approved asset plans into physical or system outputs. It encompassesprocurement, execution, and deliveryto specification and budget constraints.
* Concept and definition phasesprecede this stage.
* Handoverfollows this phase and deals with asset operational readiness.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 3.4.2 - Life Cycle Stage:
Implementation:
"This phase includes procurement, construction, installation, testing, and commissioning of the asset or solution. It is where time, cost, and quality performance is most closely monitored."

NEW QUESTION # 35
The objectives that the organization wants to achieve from its asset management activities, are ....

A. A&B True
B. to describes an organisation's long-term approach to managing its assets.
C. the future capability and performance requirements of assets, asset systems and the asset portfolio as a whole
D. A&B False

Answer: A

NEW QUESTION # 36
This covers everything the goes into planning, designing and procuring an asset.

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

Answer: C

NEW QUESTION # 37
......

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