IAM IAM-Certificate : The Institute of Asset Management Certificate
- Exam Code: IAM-Certificate
- Exam Name: The Institute of Asset Management Certificate
- Updated: Nov 06, 2026
- Q & A: 124 Questions and Answers
About IAM IAM-Certificate Exam
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IAM IAM-Certificate Exam Syllabus Topics:
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Reference: https://theiam.org/professional-development/qualifications/iam-certificate/
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IAM The Institute of Asset Management Certificate Sample Questions:
How many elements does the IAM Asset Management Conceptual Model contain?
- A. Six
- B. Seven
- C. Four
- D. Five
Correct Answer: C 🗳️
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Which of the following statements is not a management asset?
- 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. A substitute for quality management
- D. Understanding and managing the risk associated with owning assets
Correct Answer: C 🗳️
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ISO 55001 defines seven sets of requirements for a management system for asset management, except ...
- A. Support for effective management
- B. Controlling
- C. Multi-level Planning for assets and asset management
- D. Defining the Organisational Context
Correct Answer: B 🗳️
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The contents of an asset management policy can include...
- A. the mandated requirements of the organisation, high level asset management roles and responsibilities, the asset management principles for the organisation, a framework for the setting of the asset management strategy and objectives and details of the asset management plan
- B. the mandated requirements of the organisation, high level asset management roles and responsibilities, the key departments involved in asset management, a framework for the setting of the asset management strategy and objectives and review frequency
- C. the mandated requirements of the organisation, the asset management principles for the organisation, high level asset management roles and responsibilities, a framework for the setting of the asset management strategy and objectives and a commitment to continuous improvement
- D. the mandated requirements of the organisation, the asset management principles for the organisation, high level asset management roles and responsibilities, key risks for the organisation and a review frequency
- E. the requirements of the key stakeholders of the organisation, high level asset management roles and responsibilities, the asset management principles for the organisation, a framework for the setting of the asset management strategy and objectives and a review frequency
Correct Answer: C 🗳️
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(Exposure to) the possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility, is the definition of .......
- A. Cost
- B. Asset
- C. Value
- D. Risk
Correct Answer: D 🗳️
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