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IAM The Institute of Asset Management Certificate Sample Questions (Q79-Q84):
NEW QUESTION # 79
Where can a standardized Risk Matrix be found for use within Asset Management Systems aligned to ISO
55000?
Answer: B
Explanation:
There isno universally standardized risk matrixin ISO 55000 or ISO 55002. Risk appetite and operational context vary, so each organization must tailor its own framework.
Exact Extract from ISO 55002:2018, Annex D - Risk Matrix Use:
"There is no universal risk matrix provided. Organizations must develop a matrix that reflects their own risk criteria, tolerances, and operational realities."
NEW QUESTION # 80
What is NOT usually considered in the decision to decommission and dispose of assets?
Answer: E
Explanation:
Depreciated valueis a financial accounting figure and is not a strong indicator of whether an asset should be decommissioned. Operational, legal, and environmental factors carry more weight.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 3.4.5 - Disposal:
"Factors include residual value, reuse options, legal compliance, and environmental impact. Financial book value is rarely a deciding factor."
NEW QUESTION # 81
Which statement is INCORRECT?
Answer: B
NEW QUESTION # 82
IAM based decision produce real saving, where saving develop from, except ......
Answer: B
NEW QUESTION # 83
Which of these statements is UNTRUE?
Answer: C
NEW QUESTION # 84
......
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