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IAM IAM-Certificate Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Finance and Business Impact	17%	- Budgeting and funding - Costs, benefits and value creation - Asset valuation and accounting - Business continuity and impact assessment
Topic 2: Asset Management Policy, Strategy & Planning	17%	- Strategic asset management plans - Tactical and operational planning - Policy development and alignment - Alignment with organizational goals
Topic 3: Assessing and Managing Asset Management Risks	17%	- Risk identification, analysis and evaluation - Risk reporting and review - Risk treatment and control - Risk concepts and framework
Topic 4: Principles of Asset Management	33%	- ISO 55000 series overview - Concepts and definitions - Value and objectives of asset management - Roles and responsibilities
Topic 5: Managing Asset Life Cycle Decisions and Activities	17%	- Performance monitoring and improvement - Operation, maintenance and disposal - Life cycle stages and activities - Investment and replacement decisions

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IAM The Institute of Asset Management Certificate Sample Questions (Q79-Q84):

NEW QUESTION # 79
The term optimizing describes.

A. The process of Maintenance the best value compromise between a set of competing factors, in order to support asset management decision-making
B. The process of control the best value compromise between a set of competing factors, in order to support asset management decision-making
C. The process of review the best value compromise between a set of competing factors, in order to support asset management decision-making
D. The process of establishing the best value compromise between a set of competing factors, in order to support asset management decision-making

Answer: D

NEW QUESTION # 80
Risk is best described as:

A. The effect of uncertainty on an organisation's objectives
B. The impact of uncertainty
C. An organisation's tolerance to uncertainty
D. An organisation's appetite to uncertainty
E. The effect of meeting an organisation's objectives

Answer: A

NEW QUESTION # 81
Where would you expect an organisation to set out its intentions with regard to delivering a sustainable capital investment plan?

A. Sustainability benchmarks
B. Sustainability statements
C. Asset management audit reports
D. Asset management communications plan
E. Strategic Asset Management Plan (SAMP)

Answer: E

Explanation:
The correct answer is A . IAM guidance on the SAMP explains that it is the document used to set out the organization's strategic intentions for assets and their management, including the optimal whole life cycle , strategic planning process, and the delivery of asset management objectives. The IAM publication on Developing and Maintaining a Strategic Asset Management Plan (SAMP) states that the SAMP provides practical guidance on strategic planning as it applies to assets and their optimal whole life cycle and to management improvement.
A sustainable capital investment plan is therefore exactly the sort of long-term intent that belongs in the SAMP , not in communications plans, audit reports, or benchmark statements.

NEW QUESTION # 82
Which of the following statements is not a management asset?

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

Answer: A

NEW QUESTION # 83
The objectives that the organization wants to achieve from its asset management activities, are ....

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

Answer: C

NEW QUESTION # 84
......

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