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Pass the CIPS Level 5 Advanced Diploma in Procurement and Supply L5M8 Questions and answers with Dumpstech

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Questions # 1:

Baby Socks Ltd is a retailer which is currently growing and expanding. Originally a start-up, the company is now transitioning into a more mature and functional organisation. More staff have been hired and lower-level managers will now need to take accountability for some business decisions. As the company evolves into the new structure, which of the following is likely to be a cause of crisis at the organisation?

Options:

A.

leadership

B.

red tape

C.

intellectual property

D.

wider marketplace

Questions # 2:

Why shouldobjectivesbe incorporated into aProject Initiation Document (PID)?Select TWO

Options:

A.

they motivate and provide clarity

B.

they assist in breaking the project down into discrete tasks

C.

they set strict rules about what the project can and cannot do

D.

they lead to increased profits

Questions # 3:

According toCox’s Stepladder of Relationships, which of the following sitsoutsideof ‘procurement and supply relationships’?

Options:

A.

preferred supplier

B.

single sourcing

C.

mergers and acquisitions

D.

strategic alliance

Questions # 4:

Darryl is a Project Manager at CCC Company and has been tasked to introduce a change. The change will be brought about incrementally and Darryl has been chosen to lead on this due to his expertise in the subject matter. The Company is hoping that due to Darryl's credibility, the staff at CCC will embrace the proposed changes. What type of 'change agent' is Darryl?

Options:

A.

transformer

B.

specialist

C.

enforcer

D.

independent

Questions # 5:

Which of the following characteristics of a stakeholder should be considered when conducting a stakeholder analysis for a project?Select THREE

Options:

A.

Interest

B.

Impact

C.

Needs

D.

Money

E.

Status

Questions # 6:

What is the purpose of theproject controlstage within the project lifecycle?

Options:

A.

to ensure resources required to complete project tasks are available in a timely manner

B.

to ensure there are no deviations from the project timeline

C.

to monitor the project outcomes in terms of KPIs

D.

to set limits and boundaries to what can be achieved

Questions # 7:

TheCritical Chain Methodologyof project management removes what from a project in order to improve efficiencies?

Options:

A.

redundant resources including personnel

B.

buffer time in task stages

C.

budget constraints

D.

number of tasks

Questions # 8:

Which of the following is a benefit for an organisation of joining a consortium?Select TWO

Options:

A.

it creates a new legal entity, thus reducing risk for the organisation

B.

it requires no capital outlay

C.

members are able to win bigger contracts that wouldn’t otherwise have been available

D.

it may result in additional risk of exposure to liability

Questions # 9:

Freeman defines six stakeholder categories who are able to influence the success of a project.Select THREE

Options:

A.

owners

B.

creditors

C.

suppliers

D.

managers

E.

government

Questions # 10:

Which of the following change categories are introduced within a company in anincrementalmanner?Select TWO

Options:

A.

evolution

B.

adaption

C.

revolution

D.

reconstruction

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