{"id":123663,"date":"2026-04-14T06:40:10","date_gmt":"2026-04-14T06:40:10","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=123663"},"modified":"2026-04-14T06:40:14","modified_gmt":"2026-04-14T06:40:14","slug":"iam-certificate-study-materials-v8-02-with-122-exam-questions-prepare-for-the-institute-of-asset-management-certificate-thoroughly","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/iam-certificate-study-materials-v8-02-with-122-exam-questions-prepare-for-the-institute-of-asset-management-certificate-thoroughly.html","title":{"rendered":"IAM-Certificate Study Materials (V8.02) with 122 Exam Questions &#8211; Prepare for The Institute of Asset Management Certificate Thoroughly"},"content":{"rendered":"\n<p>The Institute of Asset Management Certificate (IAM-Certificate) is an introductory professional qualification, designed for individuals who are new to asset management or have some initial experience in the field. It validates your understanding of the fundamental principles of asset management and provides a solid foundation for further professional development in the discipline. Earning the IAM-Certificate certification can significantly boost your career prospects, but effective preparation is key to success. DumpsBase has the IAM-Certificate study materials (V8.02) with 122 exam questions, offering a reliable and efficient solution to prepare for The Institute of Asset Management Certificate thoroughly. The latest IAM-Certificate study materials (V8.02) from DumpsBase help you master core concepts, identify knowledge gaps, and build confidence through targeted practice, saving valuable time while ensuring relevance to the latest exam trends.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Verify the IAM-Certificate study materials first. We have free dumps below for reading:<\/h2>\n\n\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam12033\" style=\"display:none;text-align:center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\"><\/p>\n\n<div class=\"watupro-exam-description\" id=\"description-quiz-12033\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-12033\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-470916'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>The following things are taken into consideration in developing an asset management strategy, except:<\/div><input type='hidden' name='question_id[]' id='qID_1' value='470916' \/><input type='hidden' id='answerType470916' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470916[]' id='answer-id-1820436' class='answer   answerof-470916 ' value='1820436'   \/><label for='answer-id-1820436' id='answer-label-1820436' class=' answer'><span>Consistency<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470916[]' id='answer-id-1820437' class='answer   answerof-470916 ' value='1820437'   \/><label for='answer-id-1820437' id='answer-label-1820437' class=' answer'><span>Life cycle approach<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470916[]' id='answer-id-1820438' class='answer   answerof-470916 ' value='1820438'   \/><label for='answer-id-1820438' id='answer-label-1820438' class=' answer'><span>Asset requirements<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470916[]' id='answer-id-1820439' class='answer   answerof-470916 ' value='1820439'   \/><label for='answer-id-1820439' id='answer-label-1820439' class=' answer'><span>Management needs<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-470917'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>Assurance is the combination of monitoring and control (of processes and outcomes) to confirm the assets, systems and processes are operating as intended.<\/div><input type='hidden' name='question_id[]' id='qID_2' value='470917' \/><input type='hidden' id='answerType470917' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470917[]' id='answer-id-1820440' class='answer   answerof-470917 ' value='1820440'   \/><label for='answer-id-1820440' id='answer-label-1820440' class=' answer'><span>False<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470917[]' id='answer-id-1820441' class='answer   answerof-470917 ' value='1820441'   \/><label for='answer-id-1820441' id='answer-label-1820441' class=' answer'><span>True<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-3' style=';'><div id='questionWrap-3'  class='   watupro-question-id-470918'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>Which of these is NOT a key principle of asset management?<\/div><input type='hidden' name='question_id[]' id='qID_3' value='470918' \/><input type='hidden' id='answerType470918' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470918[]' id='answer-id-1820442' class='answer   answerof-470918 ' value='1820442'   \/><label for='answer-id-1820442' id='answer-label-1820442' class=' answer'><span>Linking decisions to the overall business objectives<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470918[]' id='answer-id-1820443' class='answer   answerof-470918 ' value='1820443'   \/><label for='answer-id-1820443' id='answer-label-1820443' class=' answer'><span>Applying a whole-life perspective<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470918[]' id='answer-id-1820444' class='answer   answerof-470918 ' value='1820444'   \/><label for='answer-id-1820444' id='answer-label-1820444' class=' answer'><span>Reducing the costs of investments<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470918[]' id='answer-id-1820445' class='answer   answerof-470918 ' value='1820445'   \/><label for='answer-id-1820445' id='answer-label-1820445' class=' answer'><span>All of above false<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-470919'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>A key role of asset management is to assure the delivery of value in line with:<\/div><input type='hidden' name='question_id[]' id='qID_4' value='470919' \/><input type='hidden' id='answerType470919' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470919[]' id='answer-id-1820446' class='answer   answerof-470919 ' value='1820446'   \/><label for='answer-id-1820446' id='answer-label-1820446' class=' answer'><span>Agreed performance \/ levels of service<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470919[]' id='answer-id-1820447' class='answer   answerof-470919 ' value='1820447'   \/><label for='answer-id-1820447' id='answer-label-1820447' class=' answer'><span>Return on Investment (ROI) and\/or Return on Net Assets (RONA)<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470919[]' id='answer-id-1820448' class='answer   answerof-470919 ' value='1820448'   \/><label for='answer-id-1820448' id='answer-label-1820448' class=' answer'><span>Required residual risk profile<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470919[]' id='answer-id-1820449' class='answer   answerof-470919 ' value='1820449'   \/><label for='answer-id-1820449' id='answer-label-1820449' class=' answer'><span>All True<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-470920'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>Two widely used approaches to conceptualising value in an organisation are:<\/div><input type='hidden' name='question_id[]' id='qID_5' value='470920' \/><input type='hidden' id='answerType470920' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470920[]' id='answer-id-1820450' class='answer   answerof-470920 ' value='1820450'   \/><label for='answer-id-1820450' id='answer-label-1820450' class=' answer'><span>The Value Net and Delivery<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470920[]' id='answer-id-1820451' class='answer   answerof-470920 ' value='1820451'   \/><label for='answer-id-1820451' id='answer-label-1820451' class=' answer'><span>The Value Stream and Delivery<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470920[]' id='answer-id-1820452' class='answer   answerof-470920 ' value='1820452'   \/><label for='answer-id-1820452' id='answer-label-1820452' class=' answer'><span>The Value Net and Chain<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470920[]' id='answer-id-1820453' class='answer   answerof-470920 ' value='1820453'   \/><label for='answer-id-1820453' id='answer-label-1820453' class=' answer'><span>The Value Stream and Chain<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-470921'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>How many roles are there in the IAM Competences Framework?<\/div><input type='hidden' name='question_id[]' id='qID_6' value='470921' \/><input type='hidden' id='answerType470921' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470921[]' id='answer-id-1820454' class='answer   answerof-470921 ' value='1820454'   \/><label for='answer-id-1820454' id='answer-label-1820454' class=' answer'><span>Five<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470921[]' id='answer-id-1820455' class='answer   answerof-470921 ' value='1820455'   \/><label for='answer-id-1820455' id='answer-label-1820455' class=' answer'><span>Six<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470921[]' id='answer-id-1820456' class='answer   answerof-470921 ' value='1820456'   \/><label for='answer-id-1820456' id='answer-label-1820456' class=' answer'><span>Seven<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470921[]' id='answer-id-1820457' class='answer   answerof-470921 ' value='1820457'   \/><label for='answer-id-1820457' id='answer-label-1820457' class=' answer'><span>Three<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-7' style=';'><div id='questionWrap-7'  class='   watupro-question-id-470922'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>In conducting a demand analysis, there are several elements to consider:<\/div><input type='hidden' name='question_id[]' id='qID_7' value='470922' \/><input type='hidden' id='answerType470922' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470922[]' id='answer-id-1820458' class='answer   answerof-470922 ' value='1820458'   \/><label for='answer-id-1820458' id='answer-label-1820458' class=' answer'><span>Historical demand<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470922[]' id='answer-id-1820459' class='answer   answerof-470922 ' value='1820459'   \/><label for='answer-id-1820459' id='answer-label-1820459' class=' answer'><span>Drivers for demand and the change in demand over time<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470922[]' id='answer-id-1820460' class='answer   answerof-470922 ' value='1820460'   \/><label for='answer-id-1820460' id='answer-label-1820460' class=' answer'><span>Changes in required levels of service and\/or products<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470922[]' id='answer-id-1820461' class='answer   answerof-470922 ' value='1820461'   \/><label for='answer-id-1820461' id='answer-label-1820461' class=' answer'><span>All above true<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-8' style=';'><div id='questionWrap-8'  class='   watupro-question-id-470923'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>Which are included in the asset life cycle?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='470923' \/><input type='hidden' id='answerType470923' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470923[]' id='answer-id-1820462' class='answer   answerof-470923 ' value='1820462'   \/><label for='answer-id-1820462' id='answer-label-1820462' class=' answer'><span>Acquire - Corporate - Operate - Dispose<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470923[]' id='answer-id-1820463' class='answer   answerof-470923 ' value='1820463'   \/><label for='answer-id-1820463' id='answer-label-1820463' class=' answer'><span>Acquire - Commission - Operate - Diaspora<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470923[]' id='answer-id-1820464' class='answer   answerof-470923 ' value='1820464'   \/><label for='answer-id-1820464' id='answer-label-1820464' class=' answer'><span>Acquire - Commission - Operate - Dispose<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470923[]' id='answer-id-1820465' class='answer   answerof-470923 ' value='1820465'   \/><label for='answer-id-1820465' id='answer-label-1820465' class=' answer'><span>Acquire - Commission - Performance - Dispose<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-470924'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>There are 7 principles of asset management:<\/div><input type='hidden' name='question_id[]' id='qID_9' value='470924' \/><input type='hidden' id='answerType470924' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470924[]' id='answer-id-1820466' class='answer   answerof-470924 ' value='1820466'   \/><label for='answer-id-1820466' id='answer-label-1820466' class=' answer'><span>Value added<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470924[]' id='answer-id-1820467' class='answer   answerof-470924 ' value='1820467'   \/><label for='answer-id-1820467' id='answer-label-1820467' class=' answer'><span>Lifecycle<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470924[]' id='answer-id-1820468' class='answer   answerof-470924 ' value='1820468'   \/><label for='answer-id-1820468' id='answer-label-1820468' class=' answer'><span>Probability<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470924[]' id='answer-id-1820469' class='answer   answerof-470924 ' value='1820469'   \/><label for='answer-id-1820469' id='answer-label-1820469' class=' answer'><span>All true<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-470925'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>A definition of asset management is:<\/div><input type='hidden' name='question_id[]' id='qID_10' value='470925' \/><input type='hidden' id='answerType470925' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470925[]' id='answer-id-1820470' class='answer   answerof-470925 ' value='1820470'   \/><label for='answer-id-1820470' id='answer-label-1820470' class=' answer'><span>The optimal maintenance an organisation undertakes on its assets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470925[]' id='answer-id-1820471' class='answer   answerof-470925 ' value='1820471'   \/><label for='answer-id-1820471' id='answer-label-1820471' class=' answer'><span>The optimal life cycle management of physical assets to sustainably achieve the stated business \r\nobjectives<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470925[]' id='answer-id-1820472' class='answer   answerof-470925 ' value='1820472'   \/><label for='answer-id-1820472' id='answer-label-1820472' class=' answer'><span>A clear understanding of the linkages between each stage in the asset lifecycle<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470925[]' id='answer-id-1820473' class='answer   answerof-470925 ' value='1820473'   \/><label for='answer-id-1820473' id='answer-label-1820473' class=' answer'><span>A grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-470926'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>There are many factors that can drive the decommissioning of assets, except:<\/div><input type='hidden' name='question_id[]' id='qID_11' value='470926' \/><input type='hidden' id='answerType470926' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470926[]' id='answer-id-1820474' class='answer   answerof-470926 ' value='1820474'   \/><label for='answer-id-1820474' id='answer-label-1820474' class=' answer'><span>Obsolete technology<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470926[]' id='answer-id-1820475' class='answer   answerof-470926 ' value='1820475'   \/><label for='answer-id-1820475' id='answer-label-1820475' class=' answer'><span>Compliance with changes in legislation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470926[]' id='answer-id-1820476' class='answer   answerof-470926 ' value='1820476'   \/><label for='answer-id-1820476' id='answer-label-1820476' class=' answer'><span>Excess of service capacity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470926[]' id='answer-id-1820477' class='answer   answerof-470926 ' value='1820477'   \/><label for='answer-id-1820477' id='answer-label-1820477' class=' answer'><span>Cost of retaining in service<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-470927'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>What is PAS 55?<\/div><input type='hidden' name='question_id[]' id='qID_12' value='470927' \/><input type='hidden' id='answerType470927' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470927[]' id='answer-id-1820478' class='answer   answerof-470927 ' value='1820478'   \/><label for='answer-id-1820478' id='answer-label-1820478' class=' answer'><span>A BSI Publically Available Specification for the optimized management of physical assets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470927[]' id='answer-id-1820479' class='answer   answerof-470927 ' value='1820479'   \/><label for='answer-id-1820479' id='answer-label-1820479' class=' answer'><span>A BSI Previously Available Specification for the optimized management of physical assets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470927[]' id='answer-id-1820480' class='answer   answerof-470927 ' value='1820480'   \/><label for='answer-id-1820480' id='answer-label-1820480' class=' answer'><span>A BSI Publically Available Specification for the optimized management of financial assets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470927[]' id='answer-id-1820481' class='answer   answerof-470927 ' value='1820481'   \/><label for='answer-id-1820481' id='answer-label-1820481' class=' answer'><span>A BSI Previously Available Specification for the optimized management of financial assets<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-470928'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>What is an Asset Management System as defined by PAS 55?<\/div><input type='hidden' name='question_id[]' id='qID_13' value='470928' \/><input type='hidden' id='answerType470928' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470928[]' id='answer-id-1820482' class='answer   answerof-470928 ' value='1820482'   \/><label for='answer-id-1820482' id='answer-label-1820482' class=' answer'><span>The asset information technology system used for collating and analysing asset data<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470928[]' id='answer-id-1820483' class='answer   answerof-470928 ' value='1820483'   \/><label for='answer-id-1820483' id='answer-label-1820483' class=' answer'><span>The management system which organises and drives all asset management activities<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470928[]' id='answer-id-1820484' class='answer   answerof-470928 ' value='1820484'   \/><label for='answer-id-1820484' id='answer-label-1820484' class=' answer'><span>The system by which organisations can manage and influence stakeholder requirements<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470928[]' id='answer-id-1820485' class='answer   answerof-470928 ' value='1820485'   \/><label for='answer-id-1820485' id='answer-label-1820485' class=' answer'><span>The asset system which organises all data management activities<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-14' style=';'><div id='questionWrap-14'  class='   watupro-question-id-470929'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>(Exposure to) the possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or <br \/>\r<br>situation involving such a possibility, is the definition of .......<\/div><input type='hidden' name='question_id[]' id='qID_14' value='470929' \/><input type='hidden' id='answerType470929' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470929[]' id='answer-id-1820486' class='answer   answerof-470929 ' value='1820486'   \/><label for='answer-id-1820486' id='answer-label-1820486' class=' answer'><span>Value<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470929[]' id='answer-id-1820487' class='answer   answerof-470929 ' value='1820487'   \/><label for='answer-id-1820487' id='answer-label-1820487' class=' answer'><span>Asset<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470929[]' id='answer-id-1820488' class='answer   answerof-470929 ' value='1820488'   \/><label for='answer-id-1820488' id='answer-label-1820488' class=' answer'><span>Risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470929[]' id='answer-id-1820489' class='answer   answerof-470929 ' value='1820489'   \/><label for='answer-id-1820489' id='answer-label-1820489' class=' answer'><span>Cost<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-15' style=';'><div id='questionWrap-15'  class='   watupro-question-id-470930'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>IAM-based decisions produce real savings, where savings develop from,except......<\/div><input type='hidden' name='question_id[]' id='qID_15' value='470930' \/><input type='hidden' id='answerType470930' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470930[]' id='answer-id-1820490' class='answer   answerof-470930 ' value='1820490'   \/><label for='answer-id-1820490' id='answer-label-1820490' class=' answer'><span>Efficiency gains<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470930[]' id='answer-id-1820491' class='answer   answerof-470930 ' value='1820491'   \/><label for='answer-id-1820491' id='answer-label-1820491' class=' answer'><span>Cost Avoidance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470930[]' id='answer-id-1820492' class='answer   answerof-470930 ' value='1820492'   \/><label for='answer-id-1820492' id='answer-label-1820492' class=' answer'><span>Compliment asset<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470930[]' id='answer-id-1820493' class='answer   answerof-470930 ' value='1820493'   \/><label for='answer-id-1820493' id='answer-label-1820493' class=' answer'><span>Cost Effectiveness<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-16' style=';'><div id='questionWrap-16'  class='   watupro-question-id-470931'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>What is one of the most important elements of asset management?<\/div><input type='hidden' name='question_id[]' id='qID_16' value='470931' \/><input type='hidden' id='answerType470931' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470931[]' id='answer-id-1820494' class='answer   answerof-470931 ' value='1820494'   \/><label for='answer-id-1820494' id='answer-label-1820494' class=' answer'><span>Company profile<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470931[]' id='answer-id-1820495' class='answer   answerof-470931 ' value='1820495'   \/><label for='answer-id-1820495' id='answer-label-1820495' class=' answer'><span>The control of management risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470931[]' id='answer-id-1820496' class='answer   answerof-470931 ' value='1820496'   \/><label for='answer-id-1820496' id='answer-label-1820496' class=' answer'><span>The role of organisational culture<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470931[]' id='answer-id-1820497' class='answer   answerof-470931 ' value='1820497'   \/><label for='answer-id-1820497' id='answer-label-1820497' class=' answer'><span>None of above<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-17' style=';'><div id='questionWrap-17'  class='   watupro-question-id-470932'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>ISO 55001 defines seven sets of requirements for a management system for asset management, except...<\/div><input type='hidden' name='question_id[]' id='qID_17' value='470932' \/><input type='hidden' id='answerType470932' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470932[]' id='answer-id-1820498' class='answer   answerof-470932 ' value='1820498'   \/><label for='answer-id-1820498' id='answer-label-1820498' class=' answer'><span>Multi-level Planning for assets and asset management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470932[]' id='answer-id-1820499' class='answer   answerof-470932 ' value='1820499'   \/><label for='answer-id-1820499' id='answer-label-1820499' class=' answer'><span>Support for effective management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470932[]' id='answer-id-1820500' class='answer   answerof-470932 ' value='1820500'   \/><label for='answer-id-1820500' id='answer-label-1820500' class=' answer'><span>Controlling<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470932[]' id='answer-id-1820501' class='answer   answerof-470932 ' value='1820501'   \/><label for='answer-id-1820501' id='answer-label-1820501' class=' answer'><span>Defining the Organisational Context<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-18' style=';'><div id='questionWrap-18'  class='   watupro-question-id-470933'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>To successfully establish, operate and improve asset management within an organisation, it is essential that leadership, and commitment, is demonstrated by all levels of management C from senior executives to supervisors.<\/div><input type='hidden' name='question_id[]' id='qID_18' value='470933' \/><input type='hidden' id='answerType470933' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470933[]' id='answer-id-1820502' class='answer   answerof-470933 ' value='1820502'   \/><label for='answer-id-1820502' id='answer-label-1820502' class=' answer'><span>False<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470933[]' id='answer-id-1820503' class='answer   answerof-470933 ' value='1820503'   \/><label for='answer-id-1820503' id='answer-label-1820503' class=' answer'><span>True<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-470934'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>The term optimizing describes:<\/div><input type='hidden' name='question_id[]' id='qID_19' value='470934' \/><input type='hidden' id='answerType470934' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470934[]' id='answer-id-1820504' class='answer   answerof-470934 ' value='1820504'   \/><label for='answer-id-1820504' id='answer-label-1820504' class=' answer'><span>The process of Maintenance the best value compromise between a set of competing factors, in order to support asset management decision-making<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470934[]' id='answer-id-1820505' class='answer   answerof-470934 ' value='1820505'   \/><label for='answer-id-1820505' id='answer-label-1820505' class=' answer'><span>The process of establishing the best value compromise between a set of competing factors, in order to support asset management decision-making<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470934[]' id='answer-id-1820506' class='answer   answerof-470934 ' value='1820506'   \/><label for='answer-id-1820506' id='answer-label-1820506' class=' answer'><span>The process of control the best value compromise between a set of competing factors, in order to \r\nsupport asset management decision-making<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470934[]' id='answer-id-1820507' class='answer   answerof-470934 ' value='1820507'   \/><label for='answer-id-1820507' id='answer-label-1820507' class=' answer'><span>The process of review the best value compromise between a set of competing factors, in order to support asset management decision-making<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-20' style=';'><div id='questionWrap-20'  class='   watupro-question-id-470935'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>Which of the following statements is not a management asset?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='470935' \/><input type='hidden' id='answerType470935' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470935[]' id='answer-id-1820508' class='answer   answerof-470935 ' value='1820508'   \/><label for='answer-id-1820508' id='answer-label-1820508' class=' answer'><span>A recognition that assets have a life cycle<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470935[]' id='answer-id-1820509' class='answer   answerof-470935 ' value='1820509'   \/><label for='answer-id-1820509' id='answer-label-1820509' class=' answer'><span>An approach that looks to get the best out of the assets for the benefit of the organisation and\/or its stakeholders<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470935[]' id='answer-id-1820510' class='answer   answerof-470935 ' value='1820510'   \/><label for='answer-id-1820510' id='answer-label-1820510' class=' answer'><span>Understanding and managing the risk associated with owning assets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470935[]' id='answer-id-1820511' class='answer   answerof-470935 ' value='1820511'   \/><label for='answer-id-1820511' id='answer-label-1820511' class=' answer'><span>A substitute for quality management<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-21' style=';'><div id='questionWrap-21'  class='   watupro-question-id-470936'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>Which of the following statements is true?<\/div><input type='hidden' name='question_id[]' id='qID_21' value='470936' \/><input type='hidden' id='answerType470936' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470936[]' id='answer-id-1820512' class='answer   answerof-470936 ' value='1820512'   \/><label for='answer-id-1820512' id='answer-label-1820512' class=' answer'><span>Good asset management has clear connectivity between an organisation\u2019s strategic plan and the value core<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470936[]' id='answer-id-1820513' class='answer   answerof-470936 ' value='1820513'   \/><label for='answer-id-1820513' id='answer-label-1820513' class=' answer'><span>Assets is not a potential value to an organisation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470936[]' id='answer-id-1820514' class='answer   answerof-470936 ' value='1820514'   \/><label for='answer-id-1820514' id='answer-label-1820514' class=' answer'><span>Assurance is the combination of monitoring and auditing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470936[]' id='answer-id-1820515' class='answer   answerof-470936 ' value='1820515'   \/><label for='answer-id-1820515' id='answer-label-1820515' class=' answer'><span>Visible senior level leadership and commitment is insignificant in organisations<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-22' style=';'><div id='questionWrap-22'  class='   watupro-question-id-470937'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>ISO 55000 is ......<\/div><input type='hidden' name='question_id[]' id='qID_22' value='470937' \/><input type='hidden' id='answerType470937' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470937[]' id='answer-id-1820516' class='answer   answerof-470937 ' value='1820516'   \/><label for='answer-id-1820516' id='answer-label-1820516' class=' answer'><span>The international reference standard to sets out the criteria for a quality management system<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470937[]' id='answer-id-1820517' class='answer   answerof-470937 ' value='1820517'   \/><label for='answer-id-1820517' id='answer-label-1820517' class=' answer'><span>The international reference standard for the optimal management of physical assets.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470937[]' id='answer-id-1820518' class='answer   answerof-470937 ' value='1820518'   \/><label for='answer-id-1820518' id='answer-label-1820518' class=' answer'><span>The international reference standard that provides the overview of information security \r\nmanagement systems<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470937[]' id='answer-id-1820519' class='answer   answerof-470937 ' value='1820519'   \/><label for='answer-id-1820519' id='answer-label-1820519' class=' answer'><span>The international reference standard to sets out the criteria for an environmental management system<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-23' style=';'><div id='questionWrap-23'  class='   watupro-question-id-470938'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>Successful delivery of the asset management plan(s) relies on integration with other organisational plans in both the development and delivery phases.<\/div><input type='hidden' name='question_id[]' id='qID_23' value='470938' \/><input type='hidden' id='answerType470938' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470938[]' id='answer-id-1820520' class='answer   answerof-470938 ' value='1820520'   \/><label for='answer-id-1820520' id='answer-label-1820520' class=' answer'><span>False<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470938[]' id='answer-id-1820521' class='answer   answerof-470938 ' value='1820521'   \/><label for='answer-id-1820521' id='answer-label-1820521' class=' answer'><span>True<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-24' style=';'><div id='questionWrap-24'  class='   watupro-question-id-470939'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>Based on ISO 55000 regarding asset management system, which of the following statements is false?<\/div><input type='hidden' name='question_id[]' id='qID_24' value='470939' \/><input type='hidden' id='answerType470939' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470939[]' id='answer-id-1820522' class='answer   answerof-470939 ' value='1820522'   \/><label for='answer-id-1820522' id='answer-label-1820522' class=' answer'><span>Is not a software<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470939[]' id='answer-id-1820523' class='answer   answerof-470939 ' value='1820523'   \/><label for='answer-id-1820523' id='answer-label-1820523' class=' answer'><span>Is application agnostic<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470939[]' id='answer-id-1820524' class='answer   answerof-470939 ' value='1820524'   \/><label for='answer-id-1820524' id='answer-label-1820524' class=' answer'><span>Provides a documented foundation for the asset management operation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470939[]' id='answer-id-1820525' class='answer   answerof-470939 ' value='1820525'   \/><label for='answer-id-1820525' id='answer-label-1820525' class=' answer'><span>Is a regulation to help the organization<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-25' style=';'><div id='questionWrap-25'  class='   watupro-question-id-470940'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>Which statement is INCORRECT?<\/div><input type='hidden' name='question_id[]' id='qID_25' value='470940' \/><input type='hidden' id='answerType470940' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470940[]' id='answer-id-1820526' class='answer   answerof-470940 ' value='1820526'   \/><label for='answer-id-1820526' id='answer-label-1820526' class=' answer'><span>The Asset Management Policy should be consistent and aligned with all other relevant organisational policies<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470940[]' id='answer-id-1820527' class='answer   answerof-470940 ' value='1820527'   \/><label for='answer-id-1820527' id='answer-label-1820527' class=' answer'><span>The Asset Management Policy should be consistent and aligned with the corporate objectives and strategy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470940[]' id='answer-id-1820528' class='answer   answerof-470940 ' value='1820528'   \/><label for='answer-id-1820528' id='answer-label-1820528' class=' answer'><span>The Asset Management Policy should be derived from all other relevant organisational policies<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470940[]' id='answer-id-1820529' class='answer   answerof-470940 ' value='1820529'   \/><label for='answer-id-1820529' id='answer-label-1820529' class=' answer'><span>All above true<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-26' style=';'><div id='questionWrap-26'  class='   watupro-question-id-470941'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>According to ISO 55000, assets are .....<\/div><input type='hidden' name='question_id[]' id='qID_26' value='470941' \/><input type='hidden' id='answerType470941' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470941[]' id='answer-id-1820530' class='answer   answerof-470941 ' value='1820530'   \/><label for='answer-id-1820530' id='answer-label-1820530' class=' answer'><span>A type of investment that represents an ownership share in a company<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470941[]' id='answer-id-1820531' class='answer   answerof-470941 ' value='1820531'   \/><label for='answer-id-1820531' id='answer-label-1820531' class=' answer'><span>Refers to all the materials available in our environment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470941[]' id='answer-id-1820532' class='answer   answerof-470941 ' value='1820532'   \/><label for='answer-id-1820532' id='answer-label-1820532' class=' answer'><span>Item, thing or entity that has potential or actual value to an organization<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470941[]' id='answer-id-1820533' class='answer   answerof-470941 ' value='1820533'   \/><label for='answer-id-1820533' id='answer-label-1820533' class=' answer'><span>Processed, organized and structured data<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-27' style=';'><div id='questionWrap-27'  class='   watupro-question-id-470942'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>The concept of \u2018line of sight\u2019 means .....<\/div><input type='hidden' name='question_id[]' id='qID_27' value='470942' \/><input type='hidden' id='answerType470942' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470942[]' id='answer-id-1820534' class='answer   answerof-470942 ' value='1820534'   \/><label for='answer-id-1820534' id='answer-label-1820534' class=' answer'><span>Asset Manager involved in asset management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470942[]' id='answer-id-1820535' class='answer   answerof-470942 ' value='1820535'   \/><label for='answer-id-1820535' id='answer-label-1820535' class=' answer'><span>Top Management involved in asset management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470942[]' id='answer-id-1820536' class='answer   answerof-470942 ' value='1820536'   \/><label for='answer-id-1820536' id='answer-label-1820536' class=' answer'><span>Stakeholders involved in asset management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470942[]' id='answer-id-1820537' class='answer   answerof-470942 ' value='1820537'   \/><label for='answer-id-1820537' id='answer-label-1820537' class=' answer'><span>Everyone who touches or influences what happens to an asset is involved in asset management<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-28' style=';'><div id='questionWrap-28'  class='   watupro-question-id-470943'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>Asset Management is important because it can help organisations to, except.....?<\/div><input type='hidden' name='question_id[]' id='qID_28' value='470943' \/><input type='hidden' id='answerType470943' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470943[]' id='answer-id-1820538' class='answer   answerof-470943 ' value='1820538'   \/><label for='answer-id-1820538' id='answer-label-1820538' class=' answer'><span>Reduce the capital costs of investing in the asset base<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470943[]' id='answer-id-1820539' class='answer   answerof-470943 ' value='1820539'   \/><label for='answer-id-1820539' id='answer-label-1820539' class=' answer'><span>Increase the potential health impacts of operating the assets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470943[]' id='answer-id-1820540' class='answer   answerof-470943 ' value='1820540'   \/><label for='answer-id-1820540' id='answer-label-1820540' class=' answer'><span>Minimize the environmental impact of operating the assets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470943[]' id='answer-id-1820541' class='answer   answerof-470943 ' value='1820541'   \/><label for='answer-id-1820541' id='answer-label-1820541' class=' answer'><span>Improve the regulatory performance of the organisation<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-29' style=';'><div id='questionWrap-29'  class='   watupro-question-id-470944'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>The comparison between Lean and Asset Management, are ......<\/div><input type='hidden' name='question_id[]' id='qID_29' value='470944' \/><input type='hidden' id='answerType470944' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470944[]' id='answer-id-1820542' class='answer   answerof-470944 ' value='1820542'   \/><label for='answer-id-1820542' id='answer-label-1820542' class=' answer'><span>All about Value, Risk, Maintenance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470944[]' id='answer-id-1820543' class='answer   answerof-470944 ' value='1820543'   \/><label for='answer-id-1820543' id='answer-label-1820543' class=' answer'><span>All about Purpose, Process, People<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470944[]' id='answer-id-1820544' class='answer   answerof-470944 ' value='1820544'   \/><label for='answer-id-1820544' id='answer-label-1820544' class=' answer'><span>All about Asset, People, System<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470944[]' id='answer-id-1820545' class='answer   answerof-470944 ' value='1820545'   \/><label for='answer-id-1820545' id='answer-label-1820545' class=' answer'><span>All about Security System<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-30' style=';'><div id='questionWrap-30'  class='   watupro-question-id-470945'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>Value based on AM is ......<\/div><input type='hidden' name='question_id[]' id='qID_30' value='470945' \/><input type='hidden' id='answerType470945' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470945[]' id='answer-id-1820546' class='answer   answerof-470945 ' value='1820546'   \/><label for='answer-id-1820546' id='answer-label-1820546' class=' answer'><span>Value creation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470945[]' id='answer-id-1820547' class='answer   answerof-470945 ' value='1820547'   \/><label for='answer-id-1820547' id='answer-label-1820547' class=' answer'><span>Waste elimination<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470945[]' id='answer-id-1820548' class='answer   answerof-470945 ' value='1820548'   \/><label for='answer-id-1820548' id='answer-label-1820548' class=' answer'><span>Value objective<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470945[]' id='answer-id-1820549' class='answer   answerof-470945 ' value='1820549'   \/><label for='answer-id-1820549' id='answer-label-1820549' class=' answer'><span>The Assets<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-31' style=';'><div id='questionWrap-31'  class='   watupro-question-id-470946'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>Which of the following is best described as an Asset Management Objective?<\/div><input type='hidden' name='question_id[]' id='qID_31' value='470946' \/><input type='hidden' id='answerType470946' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470946[]' id='answer-id-1820550' class='answer   answerof-470946 ' value='1820550'   \/><label for='answer-id-1820550' id='answer-label-1820550' class=' answer'><span>A risk-based approach to renewal and maintenance will be adopted<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470946[]' id='answer-id-1820551' class='answer   answerof-470946 ' value='1820551'   \/><label for='answer-id-1820551' id='answer-label-1820551' class=' answer'><span>Risk-based maintenance will deliver an improvement in the failure rate of assets of 10% for no increase in cost by September 2011<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470946[]' id='answer-id-1820552' class='answer   answerof-470946 ' value='1820552'   \/><label for='answer-id-1820552' id='answer-label-1820552' class=' answer'><span>Risk-based maintenance will be introduced at Depot A in September 2011 with the following work volumes<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470946[]' id='answer-id-1820553' class='answer   answerof-470946 ' value='1820553'   \/><label for='answer-id-1820553' id='answer-label-1820553' class=' answer'><span>Risk based provide direction for Asset and Non-Asset Class Planning<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-32' style=';'><div id='questionWrap-32'  class='   watupro-question-id-470947'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>Procurement and delivery of the solution to time, cost and quality targets. <br \/>\r<br>What phase is it?<\/div><input type='hidden' name='question_id[]' id='qID_32' value='470947' \/><input type='hidden' id='answerType470947' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470947[]' id='answer-id-1820554' class='answer   answerof-470947 ' value='1820554'   \/><label for='answer-id-1820554' id='answer-label-1820554' class=' answer'><span>Concept phase<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470947[]' id='answer-id-1820555' class='answer   answerof-470947 ' value='1820555'   \/><label for='answer-id-1820555' id='answer-label-1820555' class=' answer'><span>Definition phase<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470947[]' id='answer-id-1820556' class='answer   answerof-470947 ' value='1820556'   \/><label for='answer-id-1820556' id='answer-label-1820556' class=' answer'><span>Implementation phase<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470947[]' id='answer-id-1820557' class='answer   answerof-470947 ' value='1820557'   \/><label for='answer-id-1820557' id='answer-label-1820557' class=' answer'><span>Handover and closeout phase<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-33' style=';'><div id='questionWrap-33'  class='   watupro-question-id-470948'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>The objectives that the organization wants to achieve from its asset management activities, are ....<\/div><input type='hidden' name='question_id[]' id='qID_33' value='470948' \/><input type='hidden' id='answerType470948' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470948[]' id='answer-id-1820558' class='answer   answerof-470948 ' value='1820558'   \/><label for='answer-id-1820558' id='answer-label-1820558' class=' answer'><span>to describe an organisation\u2019s long-term approach to managing its assets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470948[]' id='answer-id-1820559' class='answer   answerof-470948 ' value='1820559'   \/><label for='answer-id-1820559' id='answer-label-1820559' class=' answer'><span>the future capability and performance requirements of assets, asset systems and the asset portfolio as a whole<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470948[]' id='answer-id-1820560' class='answer   answerof-470948 ' value='1820560'   \/><label for='answer-id-1820560' id='answer-label-1820560' class=' answer'><span>A and B True<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470948[]' id='answer-id-1820561' class='answer   answerof-470948 ' value='1820561'   \/><label for='answer-id-1820561' id='answer-label-1820561' class=' answer'><span>A and B False<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-34' style=';'><div id='questionWrap-34'  class='   watupro-question-id-470949'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>What is the correct top-down hierarchy order for the following PAS 55 defined documents?<\/div><input type='hidden' name='question_id[]' id='qID_34' value='470949' \/><input type='hidden' id='answerType470949' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470949[]' id='answer-id-1820562' class='answer   answerof-470949 ' value='1820562'   \/><label for='answer-id-1820562' id='answer-label-1820562' class=' answer'><span>Asset Management Policy, Strategy, Objectives and Plans<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470949[]' id='answer-id-1820563' class='answer   answerof-470949 ' value='1820563'   \/><label for='answer-id-1820563' id='answer-label-1820563' class=' answer'><span>Asset Management Strategy, Policy, Objectives and Plans<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470949[]' id='answer-id-1820564' class='answer   answerof-470949 ' value='1820564'   \/><label for='answer-id-1820564' id='answer-label-1820564' class=' answer'><span>Asset Management Policy, Plans, Strategy and Objectives<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470949[]' id='answer-id-1820565' class='answer   answerof-470949 ' value='1820565'   \/><label for='answer-id-1820565' id='answer-label-1820565' class=' answer'><span>Asset Management Policy, Objectives, Strategy and Plans<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-35' style=';'><div id='questionWrap-35'  class='   watupro-question-id-470950'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>How many elements does the IAM Asset Management Conceptual Model contain?<\/div><input type='hidden' name='question_id[]' id='qID_35' value='470950' \/><input type='hidden' id='answerType470950' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470950[]' id='answer-id-1820566' class='answer   answerof-470950 ' value='1820566'   \/><label for='answer-id-1820566' id='answer-label-1820566' class=' answer'><span>Seven<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470950[]' id='answer-id-1820567' class='answer   answerof-470950 ' value='1820567'   \/><label for='answer-id-1820567' id='answer-label-1820567' class=' answer'><span>Four<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470950[]' id='answer-id-1820568' class='answer   answerof-470950 ' value='1820568'   \/><label for='answer-id-1820568' id='answer-label-1820568' class=' answer'><span>Six<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470950[]' id='answer-id-1820569' class='answer   answerof-470950 ' value='1820569'   \/><label for='answer-id-1820569' id='answer-label-1820569' class=' answer'><span>Five<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-36' style=';'><div id='questionWrap-36'  class='   watupro-question-id-470951'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>There are 4 fundamentals in asset management, including ....<\/div><input type='hidden' name='question_id[]' id='qID_36' value='470951' \/><input type='hidden' id='answerType470951' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470951[]' id='answer-id-1820570' class='answer   answerof-470951 ' value='1820570'   \/><label for='answer-id-1820570' id='answer-label-1820570' class=' answer'><span>Value, Alignment, Leadership and Assurance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470951[]' id='answer-id-1820571' class='answer   answerof-470951 ' value='1820571'   \/><label for='answer-id-1820571' id='answer-label-1820571' class=' answer'><span>Value, Alignment, Leadership and Insurance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470951[]' id='answer-id-1820572' class='answer   answerof-470951 ' value='1820572'   \/><label for='answer-id-1820572' id='answer-label-1820572' class=' answer'><span>Value, Competitif, Leadership and Assurance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470951[]' id='answer-id-1820573' class='answer   answerof-470951 ' value='1820573'   \/><label for='answer-id-1820573' id='answer-label-1820573' class=' answer'><span>Value, Alignment, Proggresive and Assurance<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-37' style=';'><div id='questionWrap-37'  class='   watupro-question-id-470952'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>The benefits of an asset management system are...<\/div><input type='hidden' name='question_id[]' id='qID_37' value='470952' \/><input type='hidden' id='answerType470952' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470952[]' id='answer-id-1820574' class='answer   answerof-470952 ' value='1820574'   \/><label for='answer-id-1820574' id='answer-label-1820574' class=' answer'><span>Formalizes asset management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470952[]' id='answer-id-1820575' class='answer   answerof-470952 ' value='1820575'   \/><label for='answer-id-1820575' id='answer-label-1820575' class=' answer'><span>Establish roles and responsibilities<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470952[]' id='answer-id-1820576' class='answer   answerof-470952 ' value='1820576'   \/><label for='answer-id-1820576' id='answer-label-1820576' class=' answer'><span>Bring best practices into the organization<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470952[]' id='answer-id-1820577' class='answer   answerof-470952 ' value='1820577'   \/><label for='answer-id-1820577' id='answer-label-1820577' class=' answer'><span>A-B-C are true<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-38' style=';'><div id='questionWrap-38'  class='   watupro-question-id-470953'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>What is the Asset Life Cycle?<\/div><input type='hidden' name='question_id[]' id='qID_38' value='470953' \/><input type='hidden' id='answerType470953' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470953[]' id='answer-id-1820578' class='answer   answerof-470953 ' value='1820578'   \/><label for='answer-id-1820578' id='answer-label-1820578' class=' answer'><span>A strategic and analytical approach to the management of a business\u2019s assets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470953[]' id='answer-id-1820579' class='answer   answerof-470953 ' value='1820579'   \/><label for='answer-id-1820579' id='answer-label-1820579' class=' answer'><span>A project management system<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470953[]' id='answer-id-1820580' class='answer   answerof-470953 ' value='1820580'   \/><label for='answer-id-1820580' id='answer-label-1820580' class=' answer'><span>A substitute for quality management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470953[]' id='answer-id-1820581' class='answer   answerof-470953 ' value='1820581'   \/><label for='answer-id-1820581' id='answer-label-1820581' class=' answer'><span>All False<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-39' style=';'><div id='questionWrap-39'  class='   watupro-question-id-470954'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>An ISO 55000 asset management system provides the structure, methodology and mechanism to helping asset-intensive organizations deliver on their objectives.<\/div><input type='hidden' name='question_id[]' id='qID_39' value='470954' \/><input type='hidden' id='answerType470954' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470954[]' id='answer-id-1820582' class='answer   answerof-470954 ' value='1820582'   \/><label for='answer-id-1820582' id='answer-label-1820582' class=' answer'><span>True<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470954[]' id='answer-id-1820583' class='answer   answerof-470954 ' value='1820583'   \/><label for='answer-id-1820583' id='answer-label-1820583' class=' answer'><span>False<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-40' style=';'><div id='questionWrap-40'  class='   watupro-question-id-470955'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>Capital Investment Decision-Making comprises the processes to .....<\/div><input type='hidden' name='question_id[]' id='qID_40' value='470955' \/><input type='hidden' id='answerType470955' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470955[]' id='answer-id-1820584' class='answer   answerof-470955 ' value='1820584'   \/><label for='answer-id-1820584' id='answer-label-1820584' class=' answer'><span>Evaluate and analyse options for the creation of new assets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470955[]' id='answer-id-1820585' class='answer   answerof-470955 ' value='1820585'   \/><label for='answer-id-1820585' id='answer-label-1820585' class=' answer'><span>Decreasing the capability of assets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470955[]' id='answer-id-1820586' class='answer   answerof-470955 ' value='1820586'   \/><label for='answer-id-1820586' id='answer-label-1820586' class=' answer'><span>The replacement of modal at the end of their useful life<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470955[]' id='answer-id-1820587' class='answer   answerof-470955 ' value='1820587'   \/><label for='answer-id-1820587' id='answer-label-1820587' class=' answer'><span>All false<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-41' style=';'><div id='questionWrap-41'  class='   watupro-question-id-470956'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>41. <\/span>Characteristics of organisational context that affect what is achievable and worthwhile in asset management fall into three categories:<\/div><input type='hidden' name='question_id[]' id='qID_41' value='470956' \/><input type='hidden' id='answerType470956' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470956[]' id='answer-id-1820588' class='answer   answerof-470956 ' value='1820588'   \/><label for='answer-id-1820588' id='answer-label-1820588' class=' answer'><span>Asset systems criticality<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470956[]' id='answer-id-1820589' class='answer   answerof-470956 ' value='1820589'   \/><label for='answer-id-1820589' id='answer-label-1820589' class=' answer'><span>Scale and complexity of the asset portfolio<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470956[]' id='answer-id-1820590' class='answer   answerof-470956 ' value='1820590'   \/><label for='answer-id-1820590' id='answer-label-1820590' class=' answer'><span>Volatility of the business environment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470956[]' id='answer-id-1820591' class='answer   answerof-470956 ' value='1820591'   \/><label for='answer-id-1820591' id='answer-label-1820591' class=' answer'><span>All above true<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-42' style=';'><div id='questionWrap-42'  class='   watupro-question-id-470957'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>42. <\/span>Asset Management should deliver:<\/div><input type='hidden' name='question_id[]' id='qID_42' value='470957' \/><input type='hidden' id='answerType470957' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470957[]' id='answer-id-1820592' class='answer   answerof-470957 ' value='1820592'   \/><label for='answer-id-1820592' id='answer-label-1820592' class=' answer'><span>The organisation\u2019s strategic objectives<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470957[]' id='answer-id-1820593' class='answer   answerof-470957 ' value='1820593'   \/><label for='answer-id-1820593' id='answer-label-1820593' class=' answer'><span>The maximum dividends for the organisation\u2019s shareholders<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470957[]' id='answer-id-1820594' class='answer   answerof-470957 ' value='1820594'   \/><label for='answer-id-1820594' id='answer-label-1820594' class=' answer'><span>The maximum level of service for the organisation\u2019s customers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470957[]' id='answer-id-1820595' class='answer   answerof-470957 ' value='1820595'   \/><label for='answer-id-1820595' id='answer-label-1820595' class=' answer'><span>All false<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-43' style=';'><div id='questionWrap-43'  class='   watupro-question-id-470958'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>43. <\/span>Effective asset management can enhance an organization's reputation and its ability to .......?<\/div><input type='hidden' name='question_id[]' id='qID_43' value='470958' \/><input type='hidden' id='answerType470958' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470958[]' id='answer-id-1820596' class='answer   answerof-470958 ' value='1820596'   \/><label for='answer-id-1820596' id='answer-label-1820596' class=' answer'><span>Operate safely.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470958[]' id='answer-id-1820597' class='answer   answerof-470958 ' value='1820597'   \/><label for='answer-id-1820597' id='answer-label-1820597' class=' answer'><span>Reduce the cost of managing assets over their lives.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470958[]' id='answer-id-1820598' class='answer   answerof-470958 ' value='1820598'   \/><label for='answer-id-1820598' id='answer-label-1820598' class=' answer'><span>Meet its regulatory and statutory obligations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470958[]' id='answer-id-1820599' class='answer   answerof-470958 ' value='1820599'   \/><label for='answer-id-1820599' id='answer-label-1820599' class=' answer'><span>All true<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-44' style=';'><div id='questionWrap-44'  class='   watupro-question-id-470959'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>44. <\/span>Which of the following statements is true?<\/div><input type='hidden' name='question_id[]' id='qID_44' value='470959' \/><input type='hidden' id='answerType470959' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470959[]' id='answer-id-1820600' class='answer   answerof-470959 ' value='1820600'   \/><label for='answer-id-1820600' id='answer-label-1820600' class=' answer'><span>Strategic planning is describes how the organisation will develop and improve its asset management capabilities<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470959[]' id='answer-id-1820601' class='answer   answerof-470959 ' value='1820601'   \/><label for='answer-id-1820601' id='answer-label-1820601' class=' answer'><span>Strategic planning is the process for establishing asset management objectives and developing the asset management strategy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470959[]' id='answer-id-1820602' class='answer   answerof-470959 ' value='1820602'   \/><label for='answer-id-1820602' id='answer-label-1820602' class=' answer'><span>Strategic planning is usually undertaken as part of the overall organisational management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470959[]' id='answer-id-1820603' class='answer   answerof-470959 ' value='1820603'   \/><label for='answer-id-1820603' id='answer-label-1820603' class=' answer'><span>Strategic planning explicitly considers the life cycle of the assets and the interdependencies between each of the life cycle stages<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-45' style=';'><div id='questionWrap-45'  class='   watupro-question-id-470960'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>45. <\/span>ISO 55001 sets out requirements for an asset management policy which fall into five categories:<\/div><input type='hidden' name='question_id[]' id='qID_45' value='470960' \/><input type='hidden' id='answerType470960' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470960[]' id='answer-id-1820604' class='answer   answerof-470960 ' value='1820604'   \/><label for='answer-id-1820604' id='answer-label-1820604' class=' answer'><span>Consistency, Appropriateness, Maintenance, A framework, Communication<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470960[]' id='answer-id-1820605' class='answer   answerof-470960 ' value='1820605'   \/><label for='answer-id-1820605' id='answer-label-1820605' class=' answer'><span>Consistency, A priori, Commitment, A framework, Communication<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470960[]' id='answer-id-1820606' class='answer   answerof-470960 ' value='1820606'   \/><label for='answer-id-1820606' id='answer-label-1820606' class=' answer'><span>Consistency, A priori, Commitment, Balancing, Communication<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470960[]' id='answer-id-1820607' class='answer   answerof-470960 ' value='1820607'   \/><label for='answer-id-1820607' id='answer-label-1820607' class=' answer'><span>Consistency, Appropriateness, Commitment, A framework, Communication<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-46' style=';'><div id='questionWrap-46'  class='   watupro-question-id-470961'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>46. <\/span>This covers everything that goes into planning, designing, and procuring an asset.<\/div><input type='hidden' name='question_id[]' id='qID_46' value='470961' \/><input type='hidden' id='answerType470961' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470961[]' id='answer-id-1820608' class='answer   answerof-470961 ' value='1820608'   \/><label for='answer-id-1820608' id='answer-label-1820608' class=' answer'><span>Acquire<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470961[]' id='answer-id-1820609' class='answer   answerof-470961 ' value='1820609'   \/><label for='answer-id-1820609' id='answer-label-1820609' class=' answer'><span>Commission<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470961[]' id='answer-id-1820610' class='answer   answerof-470961 ' value='1820610'   \/><label for='answer-id-1820610' id='answer-label-1820610' class=' answer'><span>Operate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470961[]' id='answer-id-1820611' class='answer   answerof-470961 ' value='1820611'   \/><label for='answer-id-1820611' id='answer-label-1820611' class=' answer'><span>Dispose<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-47' style=';'><div id='questionWrap-47'  class='   watupro-question-id-470962'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>47. <\/span>A key role of asset management is to assure the delivery of value, in line with,except:<\/div><input type='hidden' name='question_id[]' id='qID_47' value='470962' \/><input type='hidden' id='answerType470962' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470962[]' id='answer-id-1820612' class='answer   answerof-470962 ' value='1820612'   \/><label for='answer-id-1820612' id='answer-label-1820612' class=' answer'><span>Agreed performance \/ levels of service<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470962[]' id='answer-id-1820613' class='answer   answerof-470962 ' value='1820613'   \/><label for='answer-id-1820613' id='answer-label-1820613' class=' answer'><span>Company Profile<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470962[]' id='answer-id-1820614' class='answer   answerof-470962 ' value='1820614'   \/><label for='answer-id-1820614' id='answer-label-1820614' class=' answer'><span>Required residual risk profile<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470962[]' id='answer-id-1820615' class='answer   answerof-470962 ' value='1820615'   \/><label for='answer-id-1820615' id='answer-label-1820615' class=' answer'><span>Return on Investment (ROI) and\/or Return on Net Assets (RONA)<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-48' style=';'><div id='questionWrap-48'  class='   watupro-question-id-470963'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>48. <\/span>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.<\/div><input type='hidden' name='question_id[]' id='qID_48' value='470963' \/><input type='hidden' id='answerType470963' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470963[]' id='answer-id-1820616' class='answer   answerof-470963 ' value='1820616'   \/><label for='answer-id-1820616' id='answer-label-1820616' class=' answer'><span>True<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470963[]' id='answer-id-1820617' class='answer   answerof-470963 ' value='1820617'   \/><label for='answer-id-1820617' id='answer-label-1820617' class=' answer'><span>False<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-49' style=';'><div id='questionWrap-49'  class='   watupro-question-id-470964'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>49. <\/span>In what year did the term &quot;asset management&quot; start to be used?<\/div><input type='hidden' name='question_id[]' id='qID_49' value='470964' \/><input type='hidden' id='answerType470964' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470964[]' id='answer-id-1820618' class='answer   answerof-470964 ' value='1820618'   \/><label for='answer-id-1820618' id='answer-label-1820618' class=' answer'><span>1980<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470964[]' id='answer-id-1820619' class='answer   answerof-470964 ' value='1820619'   \/><label for='answer-id-1820619' id='answer-label-1820619' class=' answer'><span>1981<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470964[]' id='answer-id-1820620' class='answer   answerof-470964 ' value='1820620'   \/><label for='answer-id-1820620' id='answer-label-1820620' class=' answer'><span>1982<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470964[]' id='answer-id-1820621' class='answer   answerof-470964 ' value='1820621'   \/><label for='answer-id-1820621' id='answer-label-1820621' class=' answer'><span>1983<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-50' style=';'><div id='questionWrap-50'  class='   watupro-question-id-470965'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>50. <\/span>A vital element underpinning successful asset management, are .....<\/div><input type='hidden' name='question_id[]' id='qID_50' value='470965' \/><input type='hidden' id='answerType470965' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470965[]' id='answer-id-1820622' class='answer   answerof-470965 ' value='1820622'   \/><label for='answer-id-1820622' id='answer-label-1820622' class=' answer'><span>Competent<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470965[]' id='answer-id-1820623' class='answer   answerof-470965 ' value='1820623'   \/><label for='answer-id-1820623' id='answer-label-1820623' class=' answer'><span>Consistent<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470965[]' id='answer-id-1820624' class='answer   answerof-470965 ' value='1820624'   \/><label for='answer-id-1820624' id='answer-label-1820624' class=' answer'><span>Optimal decision-making<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-470965[]' id='answer-id-1820625' class='answer   answerof-470965 ' value='1820625'   \/><label for='answer-id-1820625' id='answer-label-1820625' class=' answer'><span>A-B-C True<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-51'>\n\t<div class='question-content'>\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading...\" title=\"Loading...\" \/>&nbsp;Loading...\t<\/div>\n<\/div>\n\n<br \/>\n\t\n\t\t\t<div class=\"watupro_buttons flex \" id=\"watuPROButtons12033\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; Previous\" 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470923:1820462,1820463,1820464,1820465 | 470924:1820466,1820467,1820468,1820469 | 470925:1820470,1820471,1820472,1820473 | 470926:1820474,1820475,1820476,1820477 | 470927:1820478,1820479,1820480,1820481 | 470928:1820482,1820483,1820484,1820485 | 470929:1820486,1820487,1820488,1820489 | 470930:1820490,1820491,1820492,1820493 | 470931:1820494,1820495,1820496,1820497 | 470932:1820498,1820499,1820500,1820501 | 470933:1820502,1820503 | 470934:1820504,1820505,1820506,1820507 | 470935:1820508,1820509,1820510,1820511 | 470936:1820512,1820513,1820514,1820515 | 470937:1820516,1820517,1820518,1820519 | 470938:1820520,1820521 | 470939:1820522,1820523,1820524,1820525 | 470940:1820526,1820527,1820528,1820529 | 470941:1820530,1820531,1820532,1820533 | 470942:1820534,1820535,1820536,1820537 | 470943:1820538,1820539,1820540,1820541 | 470944:1820542,1820543,1820544,1820545 | 470945:1820546,1820547,1820548,1820549 | 470946:1820550,1820551,1820552,1820553 | 470947:1820554,1820555,1820556,1820557 | 470948:1820558,1820559,1820560,1820561 | 470949:1820562,1820563,1820564,1820565 | 470950:1820566,1820567,1820568,1820569 | 470951:1820570,1820571,1820572,1820573 | 470952:1820574,1820575,1820576,1820577 | 470953:1820578,1820579,1820580,1820581 | 470954:1820582,1820583 | 470955:1820584,1820585,1820586,1820587 | 470956:1820588,1820589,1820590,1820591 | 470957:1820592,1820593,1820594,1820595 | 470958:1820596,1820597,1820598,1820599 | 470959:1820600,1820601,1820602,1820603 | 470960:1820604,1820605,1820606,1820607 | 470961:1820608,1820609,1820610,1820611 | 470962:1820612,1820613,1820614,1820615 | 470963:1820616,1820617 | 470964:1820618,1820619,1820620,1820621 | 470965:1820622,1820623,1820624,1820625\" \/>\n\t<input type=\"hidden\" name=\"no_ajax\" value=\"0\">\t\t\t<\/form>\n\t<p>&nbsp;<\/p>\n<\/div>\n\n<script type=\"text\/javascript\">\n\/\/jQuery(document).ready(function(){\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \t\nvar question_ids = 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It validates your understanding of the fundamental principles of asset management and provides a solid foundation for further professional development in the discipline. 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