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Guide for IAM-Certificate: The Institute of Asset Management THE IAM Certificate

Quiz IAM-Certificate: The Institute of Asset Management THE IAM Certificate

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/ 10

Quiz

1/10
Which of the following statements isnota management asset?
Select the answer
1 correct answer
A.
A recognition that assets have a life cycle
B.
An approach that looks to get the best out of the assets for the benefit of the organisation and/or its stakeholders
C.
Understanding and managing the risk associated with owning assets
D.
A substitute for quality management

Quiz

2/10
Asset Management is important because it can help organisations to,except ..... ?
Select the answer
1 correct answer
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

Quiz

3/10
Asset Management is explicitly focused on helping organisations to achieve their defined objectives
and to determine the optimal blend of activities based on these objectives.
Select the answer
1 correct answer
A.
True
B.
False

Quiz

4/10
Which are included in the asset life cycle?
Select the answer
1 correct answer
A.
Acquire - Corporate - Operate - Dispose
B.
Acquire - Commission - Operate - Diaspora
C.
Acquire - Commission - Operate - Dispose
D.
Acquire - Commission - Performance - Dispose

Quiz

5/10
This covers everything that goes into planning, designing, and procuring an asset.
Select the answer
1 correct answer
A.
Acquire
B.
Commission
C.
Operate
D.
Dispose

Quiz

6/10
What is the Asset Life Cycle?
Select the answer
1 correct answer
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

Quiz

7/10
There are 7 principles of asset management:
Select the answer
1 correct answer
A.
Value added
B.
Lifecycle
C.
Probability
D.
All true

Quiz

8/10
IAM-based decisions produce real savings, where savings develop from,except......
Select the answer
1 correct answer
A.
Efficiency gains
B.
Cost Avoidance
C.
Compliment asset
D.
Cost Effectiveness

Quiz

9/10
The comparison between Lean and Asset Management, are ......
Select the answer
1 correct answer
A.
All about Value, Risk, Maintenance
B.
All about Purpose, Process, People
C.
All about Asset, People, System
D.
All about Security System

Quiz

10/10
Value based on AM is ......
Select the answer
1 correct answer
A.
Value creation
B.
Waste elimination
C.
Value objective
D.
The Assets
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  • Quiz name:IAM-Certificate: The Institute of Asset Management THE IAM Certificate
  • Total number of questions:122
  • Number of questions for the test:50
  • Pass score:80%

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