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

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IAM The Institute of Asset Management Certificate Sample Questions (Q10-Q15):

NEW QUESTION # 10
In what year did the term "asset management" start to be used!

A. 0
B. 1
C. 2
D. 3

Answer: C

NEW QUESTION # 11
Which of these statements is UNTRUE?

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

Answer: C

Explanation:
Collectingall available asset datawithout consideration ofvalue, relevance, or costleads to waste and inefficiency. Asset data should bejustified by its use in decision-making.
Exact Extract from IAM - Asset Information: Strategy, Management and Governance:
"Information collection should be justified based on decision value. Over-collection can waste resources and impair decision-making clarity."

NEW QUESTION # 12
A vital element underpinning successful asset management, are .....

A. Competent
B. Consistent
C. A-B-C True
D. Optimal decision-making

Answer: C

NEW QUESTION # 13
Which of the following is most likely to reduce a company's income?

A. Increased number of asset failures that affect service levels
B. Ageing assets
C. Capital investment in new assets
D. Interest rates
E. Poor asset condition

Answer: A

Explanation:
Frequent asset failures result indisruption, penalties, customer dissatisfaction, andlost revenue. This has a direct impact on incomemore than long-term financial or condition-based issues.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 2.2 - Business Impact of AM:
"Poor reliability or failure of assets directly affects service levels and revenues, leading to reputational and financial consequences."

NEW QUESTION # 14
Which of the following types of information would NOT normally be required for the development of an asset management plan?

A. Asset Condition
B. Asset Critically
C. Organisation's share price
D. Asset Register

Answer: C

NEW QUESTION # 15
......

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