CHAMP Certified Hardware Asset
Management Professional UPDATED
ACTUAL Exam Questions and CORRECT
Answers
Role of the Hardware Asset Manager - CORRECT ANSWER - Documentation, due
diligence, Financial responsibility
Implementing a Program - CORRECT ANSWER - Programs do not end
I business infrastructure with Policies
Programs do not end
Different roles /hats of a HAM - CORRECT ANSWER - PM
Team Lead
Process Expert
A project Manger is... - CORRECT ANSWER - Tasked with the success of the project
A process expert is... - CORRECT ANSWER - the process expert or SME
A team lead... - CORRECT ANSWER - Manages the team
Project planning - CORRECT ANSWER - Triple constraint
Tools and automation - CORRECT ANSWER - Automate early and build for long term
considerations
, ITAM Repository - CORRECT ANSWER - a software application that focus on the
collection of financial, contractual, and inventory data
Formal Vendor and Product selection - CORRECT ANSWER - RFI= Request for
Information
RFP= Request for Purchase
RFB= Request for Bid
RFQ= Request for quote
Mostly RFQ and RFB's
BANTA - CORRECT ANSWER - Best alternative to a negotiated agreement
VPA - CORRECT ANSWER - Volume Purchase Agreement
Recieving - CORRECT ANSWER - -Begins prior to the receipt of the asset
-Additional tasks beyond accepting the delivery
-Vital step of ITAM
Volume Purchase Agreements - CORRECT ANSWER - organization commits to a level of
purchasing for a given time period. Sometimes the volume pricing applies from the initial
purchase and in other deals; a sliding price scale is used as purchases take place
Criteria for Management - CORRECT ANSWER - Cost of Asset
Volume of assets
Estimated life expectancy
Expectation or maintaining stock internally
maintenance costs
Costs and contracts associated to assets
Management Professional UPDATED
ACTUAL Exam Questions and CORRECT
Answers
Role of the Hardware Asset Manager - CORRECT ANSWER - Documentation, due
diligence, Financial responsibility
Implementing a Program - CORRECT ANSWER - Programs do not end
I business infrastructure with Policies
Programs do not end
Different roles /hats of a HAM - CORRECT ANSWER - PM
Team Lead
Process Expert
A project Manger is... - CORRECT ANSWER - Tasked with the success of the project
A process expert is... - CORRECT ANSWER - the process expert or SME
A team lead... - CORRECT ANSWER - Manages the team
Project planning - CORRECT ANSWER - Triple constraint
Tools and automation - CORRECT ANSWER - Automate early and build for long term
considerations
, ITAM Repository - CORRECT ANSWER - a software application that focus on the
collection of financial, contractual, and inventory data
Formal Vendor and Product selection - CORRECT ANSWER - RFI= Request for
Information
RFP= Request for Purchase
RFB= Request for Bid
RFQ= Request for quote
Mostly RFQ and RFB's
BANTA - CORRECT ANSWER - Best alternative to a negotiated agreement
VPA - CORRECT ANSWER - Volume Purchase Agreement
Recieving - CORRECT ANSWER - -Begins prior to the receipt of the asset
-Additional tasks beyond accepting the delivery
-Vital step of ITAM
Volume Purchase Agreements - CORRECT ANSWER - organization commits to a level of
purchasing for a given time period. Sometimes the volume pricing applies from the initial
purchase and in other deals; a sliding price scale is used as purchases take place
Criteria for Management - CORRECT ANSWER - Cost of Asset
Volume of assets
Estimated life expectancy
Expectation or maintaining stock internally
maintenance costs
Costs and contracts associated to assets
