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The Institute of Asset Management IAM-Certificate Exam - Topic 4 Question 12 Discussion

An ISO 55000 asset management system provides the structure, methodology and mechanism to helping asset-intensive organizations deliver on their objectives.
A) True
B) False

The Institute of Asset Management IAM-Certificate Exam - Topic 4 Question 12 Discussion

Actual exam question for The Institute of Asset Management's IAM-Certificate exam
Question #: 12
Topic #: 4
[All IAM-Certificate Questions]

An ISO 55000 asset management system provides the structure, methodology and mechanism to helping asset-intensive organizations deliver on their objectives.

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Suggested Answer: A

This statement reflects the foundational objective of ISO 55000: to offer asystematic approachto asset management. This includes the integration of leadership, planning, support, operation, performance evaluation, and continual improvement---all contributing to the achievement of organizational objectives through optimized asset performance.

Exact Extract from ISO 55000:2014, Clause 0.2:

'An asset management system provides a structured approach for developing and implementing asset management activities that deliver the organizational objectives.'


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