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IAM The Institute of Asset Management Certificate Sample Questions (Q21-Q26):

NEW QUESTION # 21
There are 4 fundamentals in asset management, including ....

A. Value, Alignment, Proggresive and Assurance
B. Value, Alignment, Leadership and Insurance
C. Value, Alignment, Leadership and Assurance
D. Value, Competitif, Leadership and Assurance

Answer: C

Explanation:
Thefour fundamentals of asset management, as defined by the Institute of Asset Management, are:
* Value- Assets exist to provide value.
* Alignment- Asset management should align with organizational goals.
* Leadership- Strong governance and direction are essential.
* Assurance- Monitoring and evaluating performance for confidence in delivery.
This framework enables a structured approach to managing assets in a way that supports strategic and operational effectiveness.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 1.2 - Fundamentals of Asset Management:
"The four fundamentals of asset management are: Value, Alignment, Leadership, and Assurance."

NEW QUESTION # 22
IAM based decision produce real saving, where saving develop from, except ......

A. Cost Effectiveness
B. Compliment asset
C. Efficiency gains
D. Cost Avoidance

Answer: B

NEW QUESTION # 23
What is the correct top-down hierarchy order for the following PAS 55 defined documents?

A. Asset Management Policy, Objectives, Strategy and Plans
B. Asset Management Strategy, Policy, Objectives and Plans
C. Asset Management Policy, Plans, Strategy and Objectives
D. Asset Management Policy, Strategy, Objectives and Plans

Answer: D

NEW QUESTION # 24
Value based on AM is ......

A. Value objective
B. Waste elimination
C. The Assets
D. Value creation

Answer: D

Explanation:
Asset Management is inherently value-focused. Its core purpose isto deliver valuethrough assets in alignment with organizational goals. This value is not simply financial-it includes social, environmental, and performance considerations.
* Option Ais correct because value creation is the core tenet.
* Option B(waste elimination) is more aligned with Lean thinking than AM itself.
* Option CandDmisrepresent the concept; value is not based on assets alone, but how assets are managed to generate value.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 1.4.1 - Principle 1: Value:
"Assets exist to provide value. Asset management does not focus on the assets themselves, but on the value that assets can provide to the organization."

NEW QUESTION # 25
Assurance is the combination of monitoring and control (of processes and outcomes) to confirm the assets, systems and processes are operating as intended.

A. False
B. True

Answer: A

NEW QUESTION # 26
......

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Authorized IAM-Certificate Test Fee & Guaranteed IAM IAM-Certificate Exam Success with The Best Latest IAM-Certificate Braindumps Pdf

Features of IAM IAM-Certificate Desktop Practice Exam Software

IAM The Institute of Asset Management Certificate Sample Questions (Q21-Q26):

2025 Useful IAM-Certificate Test Fee | 100% Free Latest The Institute of Asset Management Certificate Braindumps Pdf

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