Free IAM IAM-Certificate Exam Questions

Become IAM Certified with updated IAM-Certificate exam questions and correct answers

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Total 123 Questions | Updated On: Aug 18, 2026

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Question 1

IAM-based decisions produce real savings, where savings develop from,except......

A : Efficiency gains

B : Cost Avoidance

C : Compliment asset

D : Cost Effectiveness

Answer: C

Question 2

Which of the following best describes the 'useful life' of an asset?

A : The period of time until maintenance costs of an asset are exceeding boundaries specified by stakeholders

B : The period of time until an asset is physically non-functioning

C : The number of years until an asset is fully depreciated and has reached an economic value of 'zero' in the asset register

D : The amount of time specified by the original equipment manufacturer

E : The period of time for which the asset can economically perform a required function

Answer: E

Question 3

Which of the following would you normally expect to include as key components of the Asset ManagementStrategy?

A : Risk registers, statutory/environmental/financial constraints, O&M manuals, detailed work plans

B : Maintenance schedules, stakeholder lists, annual financial reports, asset forecasts

C : Improvement objectives, maintenance schedules, asset forecasts, As-Built drawings

D : Improvement objectives, strategic risks and opportunities,statutory/environmental/financial constraints, asset forecasts

E : Strategic risks, constraints, O&M manuals, As-Built drawings

Answer: D

Question 4

IAM-based decisions produce real savings, where savings develop from,except......

A : Efficiency gains

B : Cost Avoidance

C : Compliment asset

D : Cost Effectiveness

Answer: C

Question 5

A public transportation company has a fleet of 150 trams. Type A (25 years old), Type B (19 years), Type C(2 years). Expected lifetime is 30 years. Type A and B perform sufficiently but suffer obsolescence and spareparts issues.What would be a feasible action now?

A : Prepare to phase out type A as they are near the end of life

B : Start an asset rationalisation study on type A (and maybe B) to determine the possible end-of-life options

C : Replace type A and B with 80 new type C trams to standardize fleet

D : Prepare an overhaul for type A and B

E : Modify type A and B to maintain service and solve obsolescence

Answer: B

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Total 123 Questions | Updated On: Aug 18, 2026

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