Reducing investment cost is a tactical financial objective , not a principle of asset management. IAM's seven principles include value, alignment, leadership, assurance, lifecycle thinking, risk-based decision-making, and sustainability.

Exact Extract from IAM – Asset Management: An Anatomy (v4), Section 1.4 – Principles of Asset Management:

“Key principles include alignment with business objectives and applying whole-life costing—not cost reduction as a goal in itself.”