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10 questions
1. How many roles are there in the IAM Competences Framework?
a) Five
b) Six
c) Seven
d) Three
2. What is PAS 55?
a) A BSI Publically Available Specification for the optimized management of physical assets
b) A BSI Previously Available Specification for the optimized management of physical assets
c) A BSI Publically Available Specification for the optimized management of financial assets
d) A BSI Previously Available Specification for the optimized management of financial assets
3. A definition of asset management is:
a) The optimal maintenance an organisation undertakes on its assets?
b) The optimal life cycle management of physical assets to sustainably achieve the stated business objectives?
c) A clear understanding of the linkages between each stage in the asset lifecycle?
d) a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations
4. 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
5. How many elements does the IAM Asset Management Conceptual Model contain?
a) Seven
b) Four
c) Six
d) Five
6. Asset Management should deliver:
a) The organisation’s strategic objectives
b) The maximum dividends for the organisation’s shareholders
c) The maximum level of service for the organisation’s customers
d) All false
7. What is the correct top-down hierarchy order for the following PAS 55 defined documents?
a) Asset Management Policy, Strategy, Objectives and Plans
b) Asset Management Strategy, Policy, Objectives and Plans
c) Asset Management Policy, Plans, Strategy and Objectives
d) Asset Management Policy, Objectives, Strategy and Plans
8. Which statement is INCORRECT?
a) The Asset Management Policy should be consistent and aligned with all other relevant organisational policies
b) The Asset Management Policy should be consistent and aligned with the corporate objectives and strategy
c) The Asset Management Policy should be derived from all other relevant organisational policies
d) All above true
9. What is an Asset Management System as defined by PAS 55?
a) The asset information technology system used for collating and analysing asset data
b) The management system which organises and drives all asset management activities
c) The system by which organisations can manage and influence stakeholder requirements
d) The asset system which organises all data management activities
10. Which of the following is best described as an Asset Management Objective?
a) A risk-based approach to renewal and maintenance will be adopted
b) Risk-based maintenance will deliver an improvement in the failure rate of assets of 10% for no increase in cost by September 2011
c) Risk-based maintenance will be introduced at Depot A in September 2011 with the following work volumes
d) Risk based provide direction for Asset and Non-Asset Class Plannin
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