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IAM The Institute of Asset Management Certificate Sample Questions:

1. Asset Management is important because it can help organisations to,except.....?

A) Increase the potential health impacts of operating the assets
B) Reduce the capital costs of investing in the asset base
C) Improve the regulatory performance of the organisation
D) Minimize the environmental impact of operating the assets

2. A change of maintenance contractor for an operational system is being proposed. Which of the following processes should be applied?

A) Contingency Planning Process
B) Maintenance Planning Process
C) Reliability Engineering Process
D) Spares Provisioning Process
E) Change Request Process

3. Which of the following is NOT normally an input to an asset management plan?

A) Demand forecast
B) Asset knowledge
C) Asset Management Objectives
D) Maintenance schedules
E) Organizational objectives

4. Which of the following would you normally expect to include as key components of the Asset Management Strategy?

A) Risk registers, statutory/environmental/financial constraints, O&M manuals, detailed work plans
B) Improvement objectives, maintenance schedules, asset forecasts, As-Built drawings
C) Strategic risks, constraints, O&M manuals, As-Built drawings
D) Improvement objectives, strategic risks and opportunities,statutory/environmental/financial constraints, asset forecasts
E) Maintenance schedules, stakeholder lists, annual financial reports, asset forecasts

5. What is an Asset Management System as defined by PAS 55?

A) The asset system which organises all data management activities
B) The management system which organises and drives all asset management activities
C) The system by which organisations can manage and influence stakeholder requirements
D) The asset information technology system used for collating and analysing asset data

Solutions: