Practice L5M8 Exam Online

Question 1

The influence of the supply chain network can enable an organisation to benefit from increased absorptive capacity. What is meant by 'absorptive capacity'?

A : agility within the organisation to respond quickly to change

B : the capability to deal with fluctuations in prices

C : the capacity to work with a larger volume of supply network partners

D : the ability to apply new information and add value to the organisation

Answer: D

Question 2

2022-04-10-15-55-44-fa0fbd3e286ea901bacdbf9dc0391743

Which of the following will you put into box 7?

A : introduce system

B : provide transparency as to resources available

C : do not launch until resources available

D : a priori prioritisation

Answer: B

Question 3

Ali is a Project Manager at a large retail organisation within the UK. He has created a project timeline and allocated a budget. However 2 months into the project the UK declares a national lockdown due to an unknown virus sweeping the nation. This, naturally, complicates Ali's project, but what type of complexity is this known as?

A :

structural complexity

B : technical complexity

C : directional complexity

D : temporal complexity

Answer: D

Question 4

Ian is a Project Manager for a large construction project involving the building of a new hospital. A complex supply network is involved which includes the use of several subcontractors. Which of the following would be the best method for dealing with subcontractors for this project?

A : involve subcontractors early on in the planning stage

B : focus on price and have a transactional relationship with subcontractors

C : ensure all communication with subcontractors is via the tier one suppliers rather than Ian

D : closely manage subcontractors by using KPIs and holding regular team meetings with them

Answer: A

Question 5

In a large construction project where there are many stakeholders, which of the following groups would you expect to see represented on the Project Board? Select TWO

A : Senior Employees

B : Senior Users

C : Senior Suppliers

D : Senior Buyers

Answer: B,C

Name:	ELECTIVE Project and Change Management
Exam Code:	L5M8
Certification:	Level 5 Advanced Diploma in Procurement and Supply
Vendor:	CIPS
Total Questions:	122
Last Updated:	Apr 23, 2024

CIPS L5M8