The Institute of Asset Management
IAM-Certificate
Q1:
In conducting a demand analysis, there are several elements to consider:
○
A
Historical demand○
B
Drivers for demand and the change in demand over time○
C
Changes in required levels of service and/or products○
D
All above true
The Institute of Asset Management
IAM-Certificate
Q2:
What is the Asset Life Cycle?
○
A
A strategic and analytical approach to the management of a business's assets○
B
A project management system○
C
A substitute for quality management○
D
All False
The Institute of Asset Management
IAM-Certificate
Q3:
Why should an organization conduct internal audits of the asset management system?
○
A
To ensure compliance with financial requirements determined by national and international legislation○
B
To make sure it meets the requirements set by regulators and government to assure assets are recorded and reported in the Tax Register○
C
To assess if it is providing the required level of savings set by top management○
D
To ensure it is being applied to drive down the cost of maintenance whilst improving the ratio of planned versus reactive work orders○
E
To assess conformity with the organization's own requirements and check it is effectively implemented and maintained
The Institute of Asset Management
IAM-Certificate
Q4:
Which of these is NOT a key principle of asset management?
○
A
Linking decisions to the overall business objectives○
B
Applying a whole-life perspective○
C
Reducing the costs of investments○
D
All of above false
The Institute of Asset Management
IAM-Certificate
Q5:
The following things are taken into consideration in developing an asset management strategy,except:
○
A
Consistency○
B
Life cycle approach○
C
Asset requirements○
D
Management needs