IAM IAM-Certificate
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IAM IAM-Certificate Questions and Answers
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Q1. Asset Management is important because it can help organisations to, except .....?
A) Reduce the capital costs of investing in the asset base
B) Increase the potential health impacts of operating the assets
C) Minimize the environmental impact of operating the assets
D) Improve the regulatory performance of the organisation
Answer: B
Q2. The objectives that the organization wants to achieve from its asset management activities, are ....
A) to describes an organization’s long-term approach to managing its assets.
B) the future capability and performance requirements of assets, asset systems and the asset portfolio as a whole
C) A&B True
D) A&B False
Answer: C
Q3. Which of the following phrases describes best the key advantage of asset management over traditional approaches?
a) Asset management ensures all asset interventions (for example 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
Answer: C
Q4. A key role of asset management is to assure the delivery of value in line with:
A) Agreed performance / levels of service
B) Return on Investment (ROI) and/or Return on Net Assets (RONA)
C) Required residual risk profile
D) All True
Answer: D
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An IAM (Institute of Asset Management) certificate is a professional qualification that demonstrates a person's knowledge and expertise in asset management. This certification helps professionals apply best practices and standards in asset management, ensuring optimal performance and value. It's ideal for newcomers to the field or those with some experience seeking formal recognition.
IAM certification demonstrates your asset management expertise, boosting career prospects and earning potential. It equips individuals with up-to-date knowledge and skills, enabling them to implement effective asset management strategies.
IAM, or Institute of Asset Management, is a global professional body. It offers certifications and resources for asset management professionals, promoting best practices and industry standards.
Asset management is considered a highly rewarding career, offering a variety of roles and opportunities for growth. It offers intellectual challenges, strategic decision-making, and the opportunity to contribute to organizational success. The field provides job stability, competitive salaries, and the chance to work in diverse industries such as real estate, finance, and public infrastructure.
To obtain an IAM certificate, you can follow these steps:
TESTED 30 Oct 2024
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