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IAM IAM-Certificate Exam Syllabus Topics:

Section	Weight	Objectives
Asset Management Policy, Strategy & Planning	17%	- Strategic asset management plans - Alignment with organizational goals - Tactical and operational planning - Policy development and alignment
Principles of Asset Management	33%	- Concepts and definitions - Roles and responsibilities - Value and objectives of asset management - ISO 55000 series overview
Finance and Business Impact	17%	- Asset valuation and accounting - Business continuity and impact assessment - Costs, benefits and value creation - Budgeting and funding
Assessing and Managing Asset Management Risks	17%	- Risk reporting and review - Risk identification, analysis and evaluation - Risk treatment and control - Risk concepts and framework
Managing Asset Life Cycle Decisions and Activities	17%	- Operation, maintenance and disposal - Life cycle stages and activities - Investment and replacement decisions - Performance monitoring and improvement

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IAM The Institute of Asset Management Certificate Sample Questions (Q13-Q18):

NEW QUESTION # 13
According to ISO 55000, assets is .....

A. Processed, organized and structured data
B. Refers to all the materials available in our environment
C. A type of investment that represents an ownership share in a company
D. Item, thing or entity that has potential or actual value to an organization.

Answer: D

NEW QUESTION # 14
Which of the following statements is not a management asset?

A. a substitute for quality management
B. an approach that looks to get the best out of the assets for the benefit of the organisation and/or its stakeholders
C. a recognition that assets have a life cycle
D. understanding and managing the risk associated with owning assets

Answer: A

NEW QUESTION # 15
External stakeholders can influence asset management activities within an organisation by:

A. Defining the renewal and maintenance policies which govern the creation of the asset management plan
B. Influencing the Organisational Strategic Plan through structured engagement
C. Having the power of veto over what the organisation does

Answer: B

NEW QUESTION # 16
What is NOT usually considered in the decision to decommission and dispose of assets?

A. Legislation regarding disposal of the assets
B. Alternative uses for the assets
C. The depreciated value of the assets
D. The environmental impact of disposing of the assets
E. The residual value of assets

Answer: C

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 # 17
Where would an organization record the agreed criteria for risk management and decision-making that are used for risk analyses to determine the optimum asset interventions?

A. The Asset Risk Register
B. The Asset Information Strategy
C. The Asset Risk Management Policy
D. The Audit and Compliance Manual
E. The Strategic Asset Management Plan (SAMP)

Answer: E

Explanation:
The correct answer is E . IAM's Anatomy of Asset Management Version 4 explains that the Strategic Asset Management Plan (SAMP) sets out the organization's long-term and life-cycle approach to managing assets, including the asset management strategy, asset management objectives, levels of service
/performance, and the decision-making framework used to support asset interventions. It is the document where the organization translates policy and objectives into the practical basis for strategic asset decisions.
This makes the SAMP the right place to record the agreed criteria for risk management and decision- making that are used in risk analyses to determine optimum interventions. A risk register records individual risks, not the overarching criteria. A policy sets principles, but the SAMP is where the strategic planning and decision criteria are structured for use.

NEW QUESTION # 18
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