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Reference: https://theiam.org/professional-development/qualifications/iam-certificate/
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IAM The Institute of Asset Management Certificate Sample Questions:
The comparison between Lean and Asset Management, are ......
- A. All about Value, Risk, Maintenance
- B. All about Security System
- C. All about Purpose, Process, People
- D. All about Asset, People, System
Correct Answer: C 🗳️
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Which statement is INCORRECT?
- A. All above true
- B. The Asset Management Policy should be derived from all other relevant organisational policies
- C. The Asset Management Policy should be consistent and aligned with the corporate objectives and strategy
- D. The Asset Management Policy should be consistent and aligned with all other relevant organisational policies
Correct Answer: B 🗳️
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A policy is best defined as...
- A. Activities to create value for customers
- B. Intentions and direction as formally expressed by top management
- C. Action plans to attain objectives
- D. Overarching objectives setting context and direction
- E. Temporary endeavor to create unique output
Correct Answer: B 🗳️
An ISO 55000 asset management system provides the structure, methodology and mechanism to helping asset- intensive organizations deliver on their objectives.
- A. True
- B. False
Correct Answer: A 🗳️
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What is a common name given to the approach to identify potential outcomes from a hazard?
- A. Five whys
- B. Causal analysis
- C. Event tree analysis
- D. Fault tree analysis
- E. Root cause analysis
Correct Answer: C 🗳️
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