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IAM IAM-Certificate Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Asset Management Policy, Strategy and Planning17%- Strategic Planning
  • 1. Strategic Asset Management Plan
  • 2. Asset Management Policy
  • 3. Objectives and Planning
  • 4. Governance
Topic 2: Principles of Asset Management33%- Asset Management Fundamentals
  • 1. ISO 55000 Principles
  • 2. Asset Management Objectives
  • 3. Value Realisation
  • 4. Lifecycle Concepts
Topic 3: Finance and Business Impact17%- Financial and Business Considerations
  • 1. Whole Life Costing
  • 2. Business Value
  • 3. Investment Planning
  • 4. Performance Measurement
Topic 4: Assessing and Managing Asset Management Risks17%- Risk Management
  • 1. Risk Assessment
  • 2. Compliance and Assurance
  • 3. Criticality Analysis
  • 4. Contingency Planning
Topic 5: Managing Asset Life Cycle Decisions and Activities17%- Lifecycle Management
  • 1. Disposal and Renewal
  • 2. Asset Acquisition
  • 3. Reliability and Performance
  • 4. Operations and Maintenance

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IAM The Institute of Asset Management Certificate Sample Questions (Q19-Q24):

NEW QUESTION # 19
A policy is best defined as...

Answer: C


NEW QUESTION # 20
Which of the following requirements would you expect to find included within an Asset Management Strategy?

Answer: B

Explanation:
Future demandis essential in the strategy, influencing asset lifecycle plans, performance targets, and investment. The other options are implementation-level details, not strategic.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 4.2.1 - Demand Analysis in Strategy:
"Understanding future demand is essential for developing a resilient and aligned asset management strategy."


NEW QUESTION # 21
A key role of asset management is to assure the delivery of value, in line with, except :

Answer: A


NEW QUESTION # 22
Which are included in the asset life cycle :

Answer: C


NEW QUESTION # 23
ISO 55001 sets out requirements for an asset management policy which fall into five categories:

Answer: D

Explanation:
ISO 55001 specifies the key elements that must be addressed in an organization's asset management policy.
These include:
* Consistencywith the organizational strategic plan
* Appropriatenessto the size and nature of the organization
* Commitmentto continual improvement and compliance
* Frameworkfor setting asset management objectives
* Communicationof the policy throughout the organization
This combination ensures the policy aligns operational activities with strategic outcomes.
Exact Extract from ISO 55001:2014, Clause 5.2 - Asset Management Policy:
"The asset management policy shall:
a) be consistent with the organizational strategic plan;
b) be appropriate to the nature and scale of the organization's assets; c) include a commitment to satisfy applicable legal requirements and continual improvement; d) provide a framework for setting asset management objectives; e) be communicated within the organization."


NEW QUESTION # 24
......

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