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Exam (elaborations)

IAM Certification Exam with precise detailed answers

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IAM Certification Exam with precise detailed answers

Institution
IAM Certificate
Course
IAM Certificate









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Written for

Institution
IAM Certificate
Course
IAM Certificate

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Uploaded on
October 9, 2025
Number of pages
8
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers

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IAM Certification Exam with precise detailed ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




answers

Systems Engineering - correct answer✔✔- An interdisciplinary approach to derive, evolve, ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




and verify a life cycle balanced system solution that satisfies customer expectation and meets
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




public acceptability.
||\\//|| ||\\//|| ||\\//||




- It describes policies and processes for the requirements, analysis, design, and evolution of
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




assets. ||\\//||




- Verification and validation execution is considered a part of asset creation and Aquisition.
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




IAM Conceptual AM Model (6 Subject Groups) - correct answer✔✔1. Strategy & Planning
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




2. AM Decision Making ||\\//|| ||\\//|| ||\\//||




3. Life Cycle Delivery||\\//|| ||\\//|| ||\\//||




4. Asset Information ||\\//|| ||\\//||




5. Organization & People
||\\//|| ||\\//|| ||\\//||




6. Risk & Review ||\\//|| ||\\//|| ||\\//||




Asset Life Cycle & Phases - correct answer✔✔What is it? Period of time from asset creation
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




to end of life. ||\\//|| ||\\//|| ||\\//||




Phases:

1. Identify Need ||\\//|| ||\\//||




2. Design / Create / Acquire / Select
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




3. Construct / Purchase
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4. Commision / Install / Configure
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||

, 5. Operate / Maintain
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6. Decommission
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7. Dispose (Sell / Recycle)
||\\//|| ||\\//|| ||\\//|| ||\\//||




8. Replace ||\\//||




Assurance - correct answer✔✔- Combination of Auditing and Monitoring process and ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




outcome to confirm that the assets system and process are operating as intended.
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




- Includes policies, plans, business processes, and information systems as well as competent
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




people.



Value Chain - correct answer✔✔- Set of Activates and organization carries out to create
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




value for its customers.
||\\//|| ||\\//|| ||\\//|| ||\\//||




- Focus is value proposition to customers.
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




- Value to Organization is profit or cost or service (For Non-Profit).
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




- Assets are organized through the value chain to support customer value proposition.
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




Inputs to IAM's Conceptual (Grey) AM Model - correct answer✔✔- Customer
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




- Legislation
||\\//|| ||\\//||




- Investors
||\\//||




- Commercial
||\\//||




- Environmental
||\\//||




ISO5501 - 6 Fundamentals of AM - correct answer✔✔1. Value ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||




2. Alignment
||\\//||




3. Leadership
||\\//||




4. Assurance
||\\//||




5. Life Cycle Activities
||\\//|| ||\\//|| ||\\//||

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