Free Access IAM.IAM-Certificate.v2026-02-05.q56 Practice Test (Page 6)

Question 21

A vital element underpinning successful asset management, are .....

A.Competent

B.Consistent

C.Optimal decision-making

D.A-B-C True

Question 22

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

Question 23

There are many factors that can drive the decommissioning of assets, expect:

A.compliance with changes in legislation

B.obsolete technology

C.excess of service capacity

D.cost of retaining in service

Question 24

The asset management strategy will:

A.Consider what customers want and how to limit change

B.Consider how to discourage future demand growth

C.Consider how to encourage customer demand

D.Consider how and why current and future customer requirements are assessed

E.Focus on historical customer requirements for forecasting

Question 25

Which of the following phrases describes best the key advantage of asset management over traditional approaches?

A.Asset management ensures all asset interventions (e.g., maintenance or renewal intervals) are optimised with respect to risk

B.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

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

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Question 21

Question 22

Question 23

Question 24

Question 25

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