IAM The Institute of Asset Management Certificate - IAM-Certificate FREE EXAM DUMPS QUESTIONS & ANSWERS

A. To balance the costs and benefits of different renewal maintenance overhaul and disposal interventions in support of the asset management objectives. B. To address the approach of the asset management organisation to realise the (strategic) asset management plans. C. To set a framework of principles for translating the organisation's strategic objectives into asset management objectives and guiding development of the asset management strategy. D. To determine the asset management objectives including costs, risks and performance, aligned with the organisational objectives. E. To describe the long-term approach to the management of physical assets and how organisational objectives are converted into asset management objectives.

A. Fault Mode Effect and Cost Analysis B. Fault Mitigation Effect and Criticality Analysis C. Failure Mode Effect and Consequences Analysis D. Failure Mode Effects and Criticality Analysis E. Failure Mitigation Effect and Consequence Analysis

A. A standard Risk Matrix is available in ISO 55002. B. Standard Risk Matrices for assets are widely available via internet search engines C. A standard Risk Matrix is available in ISO 31000 D. A standard Risk Matrix exists in the GFMAM's Asset Management Landscape E. Each organization's risk appetite and asset portfolio are unique, so no standard Risk Matrix applies

A. consider how to discourage customers from increasing demand in the future B. consider how previous customer requirements were assessed and what this tells us about the future C. consider what customers will want and how to limit rate of change to what they need D. consider how to encourage customers to increase demand in the future E. consider how and why current and future customer requirements are assessed

A. Risk-based maintenance will be introduced at Depot A in September 2011 with the following work volumes B. A risk-based approach to renewal and maintenance will be adopted C. Risk based provide direction for Asset and Non-Asset Class Planning D. Risk-based maintenance will deliver an improvement in the failure rate of assets of 10% for no increase in cost by September 2011

A. Availability of finance, demand forecasts, maintenance schedules B. Cost of capital, demand forecasts, competitor analysis C. Historic cost trends, demand forecasts, cost of capital D. Availability of capital, service performance requirements, historic demand E. Availability of finance, demand forecasts, risk appetite

A. Support for effective management B. Multi-level Planning for assets and asset management C. Defining the Organisational Context D. Controlling