100% PASS CIPS - L6M5–NEWEST INTERACTIVE PRACTICE EXAM

100% Pass CIPS - L6M5–Newest Interactive Practice Exam

100% Pass CIPS - L6M5–Newest Interactive Practice Exam

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CIPS Strategic Programme Leadership Sample Questions (Q53-Q58):

NEW QUESTION # 53
Which project management methodology outlines a process for closing a project?
Answer Options:

  • A. Monte Carlo
  • B. MRP
  • C. Critical Path
  • D. Prince2

Answer: D

Explanation:
Prince2 has a defined "Closing a Project" phase (p.136).
Monte Carlo (A) relates to risk analysis.
Critical Path (B) maps dependencies but does not specify closure.
MRP (C) is used for inventory planning. [P.136]


NEW QUESTION # 54
Cactus Construction is the Principal Contractor on a housing estate project under an NEC contract. Which of the following scenarios would be a mandatory variation?

  • A. the client changes their opinion on the design
  • B. the project falls behind the plan due to staff shortages
  • C. raw material prices increase
  • D. changes to building regulations

Answer: D

Explanation:
Changes to building regulations are mandatory because they are legally binding and require compliance.


NEW QUESTION # 55
Glitter Kitten Ltd negotiates a contract with Paw Ltd (new supplier).
Q: What pricing mechanism is best for visibility into supplier costs and margins?
Answer Options:

  • A. Bottom-Up Pricing
  • B. Cost Reimbursable Contract
  • C. Open-Book Costing
  • D. Activity-Based Costing

Answer: C

Explanation:
Open-Book Costing (p.2.1) ensures visibility into supplier costs and margins, which matches the CEO's request.
Cost Reimbursable (B) covers unknown costs, but does not provide transparency.
Bottom-Up Pricing (C) estimates project costs from smaller parts.
Activity-Based Costing (D) assigns costs per activity, but does not guarantee supplier transparency. [P.2.1]


NEW QUESTION # 56
A local library is contracting a construction firm to design and build a new extension using a target costing method. Which of the following statements are true about this pricing mechanism? Select all that apply

  • A. the contractor is a price setter
  • B. any cost savings will be enjoyed by the library
  • C. this form of contract requires a collaborative relationship
  • D. a target cost will ensure the contractor works competitively against the library to ensure costs remain low and their profit margin remains high

Answer: C

Explanation:
Target costing requires a collaborative relationship between the client and contractor. The other options do not accurately describe the target costing approach.


NEW QUESTION # 57
Skipped
Under what circumstances can Specific Performance be used to compensate an innocent party for a contractual breach? Select all that apply.

  • A. The innocent party did not fulfil their contractual obligations under the contract
  • B. A contract has a liquidated damages clause
  • C. Adequate remedies are not available
  • D. Money cannot remedy the situation, such as in the case of the sale of rare goods
  • E. When the innocent party wishes to avoid going to court

Answer: C,D

Explanation:
Specific performance is an alternative remedy to paying damages (i.e., money). It is used when money isn't going to help solve the situation-examples include the sale of land, rare or customized goods.
Option A is incorrect as specific performance can only be awarded if the injured party has "clean hands" and fulfilled all their obligations.
Option D is incorrect as specific performance is often decided by the court.
Option E is incorrect as specific performance would be used instead of liquidated damages.
See p.128-132 in the study guide.
Domain: 2.3


NEW QUESTION # 58
......

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