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NEW QUESTION # 16
Procurement and delivery of the solution to time, cost and quality targets. What phase is it?
- A. Concept phase
- B. Handover and closeout phase
- C. Definition phase
- D. Implementation phase
Answer: D
NEW QUESTION # 17
ISO 55000 is ......
- A. The international reference standard that provides the overview of information security management systems
- B. The international reference standard to sets out the criteria for a quality management system
- C. The international reference standard to sets out the criteria for an environmental management system
- D. The international reference standard for the optimal management of physical assets.
Answer: D
NEW QUESTION # 18
Which of the following statements is true?
- A. Visible senior level leadership and commitment is insignificant in organisations
- B. Assets is not a potential value to an organisation
- C. Assurance is the combination of monitoring and auditing
- D. Good asset management has clear connectivity between an organisation's strategic plan and the value core
Answer: C
NEW QUESTION # 19
The benefits of an asset management system are...
- A. Bring best practices into the organization
- B. Establish roles and responsiblities
- C. Formalizes asset management
- D. A-B-C are true
Answer: D
NEW QUESTION # 20
In conducting a demand analysis, there are several elements to consider:
- A. All above true
- B. Drivers for demand and the change in demand over time
- C. Historical demand
- D. Changes in required levels of service and/or products
Answer: A
NEW QUESTION # 21
Which of the following statements is true !
- A. Strategic planning is describes how the organisation will develop and improve its asset management capabilities
- B. Strategic planning is usually undertaken as part of the overall organisational management
- C. Strategic planning is the process for establishing asset management objectives and developing the asset management strategy
- D. Strategic planning explicitly considers the life cycle of the assets and the interdependencies between each of the life cycle stages
Answer: C
NEW QUESTION # 22
What is an Asset Management System as defined by PAS 55?
- A. The asset system which organises all data management activities
- B. The system by which organisations can manage and influence stakeholder requirements
- C. The management system which organises and drives all asset management activities
- D. The asset information technology system used for collating and analysing asset data
Answer: C
NEW QUESTION # 23
(Exposure to) the possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility, is the definition of .......
- A. Risk
- B. Cost
- C. Value
- D. Asset
Answer: A
NEW QUESTION # 24
Which are included in the asset life cycle :
- A. Acquire - Commission - Performance- Dispose
- B. Acquire - Corporate- Operate - Dispose
- C. Acquire - Commission - Operate - Dispose
- D. Acquire - Commission - Operate - Diaspora
Answer: C
NEW QUESTION # 25
Capital Investment Decision-Making comprises the processes to .....
- A. evaluate and analyse options for the creation of new assets
- B. The replacement of modal at the end of their useful life
- C. Decreasing the capability of assets
- D. All false
Answer: A
NEW QUESTION # 26
ISO 55001 sets out requirements for an asset management policy which fall into five categories:
- A. Consistency, A priori, Commitment, A framework, Communication
- B. Consistency, Appropriateness, Maintenance, A framework, Communication
- C. Consistency, Appropriateness, Commitment, A framework, Communication
- D. Consistency, A priori, Commitment, Balancing, Communication
Answer: C
NEW QUESTION # 27
The purpose of an Asset Information Strategy is to:
- A. Calculating the lowest cost options for the entire commercial life of a building
- B. Provide the overall framework and plan for asset information which will deliver the organisation's asset information requirements
- C. Collate the standards which define the collection, storage and use of asset information
- D. Specify the requirements for procuring the organisation's asset information system
Answer: C
NEW QUESTION # 28
Asset Management is important because it can help organisations to, except .....?
- A. Minimize the environmental impact of operating the assets
- B. Increase the potential health impacts of operating the assets
- C. Reduce the capital costs of investing in the asset base
- D. Improve the regulatory performance of the organisation
Answer: B
NEW QUESTION # 29
Based on ISO 55000 regarding asset management system, which of the following statements is false!
- A. Is not a software
- B. Is a regulation to help the organization
- C. Provides a documented foundation for the asset management operation
- D. Is application agnostic
Answer: B
NEW QUESTION # 30
Asset Management is explicitly focussed on helping organisations to achieve their defined objectives and to determine the optimal blend of activities based on these objectives.
- A. False
- B. True
Answer: B
NEW QUESTION # 31
External stakeholders can influence asset management activities within an organisation by:
- A. Influencing the Organisational Strategic Plan through structured engagement
- B. Defining the renewal and maintenance policies which govern the creation of the asset management plan
- C. Having the power of veto over what the organisation does
Answer: A
NEW QUESTION # 32
How many elements does the IAM Asset Management Conceptual Model contain?
- A. Five
- B. Seven
- C. Four
- D. Six
Answer: C
NEW QUESTION # 33
A vital element underpinning successful asset management, are .....
- A. Optimal decision-making
- B. A-B-C True
- C. Consistent
- D. Competent
Answer: B
NEW QUESTION # 34
In what year did the term "asset management" start to be used!
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION # 35
Value based on AM is ......
- A. Value creation.
- B. The Assets
- C. Waste elimination
- D. Value objective
Answer: B
NEW QUESTION # 36
Which of the following phrases describes best the key advantage of asset management over traditional approaches?
- A. Asset management takes an optimised whole-life view of the work required on the asset portfolio to ensure current and future required levels of service are delivered
- B. Asset management ensures all asset interventions (for example maintenance or renewal intervals) are optimised with respect to risk
- C. Asset management is primarily concerned with ensuring that resources are optimally used by putting into place effective planning regimes and processes to continually improve staff competence
Answer: C
NEW QUESTION # 37
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