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Latest L6M5 Exam Questions - Reliable L6M5 Test Objectives

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CIPS L6M5 Exam Syllabus Topics:

Topic
Details

Topic 1

Understand the role of culture on achieving program success: This section measures the skills of Organizational Development Specialists in understanding organizational culture's impact on program success. It covers identifying culture types and levels within organizations. A key skill measured is critically assessing organizational culture's influence.

Topic 2

Understand contracting for programmers: This section measures the skills of Contract Managers and focuses on comparing various contracting options for programs. It includes client-coordinated approaches, engineering procurement and construction (EPC) contracts, management contracting, and public-private partnerships. A key skill measured is the ability to evaluate different contract types effectively.

Topic 3

Understand program leadership approaches: This section measures the skills of Programme Leaders in understanding strategic cost management approaches. It covers budgetary control, value engineering, and cost transparency methods. A key skill measured is assessing strategic cost management techniques effectively.

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CIPS Strategic Programme Leadership Sample Questions (Q55-Q60):

NEW QUESTION # 55
Spaceman Ltd's R&D team has a strong relationship with its supplier of spaceship parts.
The space exploration industry is becoming highly competitive.
The team is looking for ways to enhance profits and market share.
Q: What strategy should Spaceman Ltd use?
Answer Options:

A. Consortium-Based Procurement
B. Open-Book Costing
C. Variance Analysis
D. Value Engineering

Answer: D

Explanation:
Value Engineering (p.100) is used to optimize costs and improve profitability in competitive industries. It leverages supplier relationships to cut costs and increase value. Variance Analysis (A) is for budgeting, and Consortium Procurement (C) relates to bulk purchasing, which is not the issue here. [P.100]

NEW QUESTION # 56
Which of the following statements about investment appraisal techniques are true? (Select all that apply.) Answer Options:

A. Non-discounted cash flow methods focus on profit maximization
B. Internal Rate of Return (IRR) can be used with Net Present Value (NPV)
C. Return on Capital Employed (ROCE) is expressed as a percentage of the value of assets used to generate profit
D. Payback analysis ignores cash flow after the business recovers its costs

Answer: B,C,D

Explanation:
Option B is correct - ROCE is expressed as a percentage (p.87).
Option C is correct - Payback Analysis only considers the break-even point (p.83).
Option D is correct - IRR and NPV are often used together (p.82).
Option A is incorrect - Profit maximization is not the primary focus of non-discounted cash flow methods. [P.82-87]

NEW QUESTION # 57
Petra is setting up a contract for a new construction project that must be robust with little flexibility. The contract stipulates that the client will bear the risk of unforeseen negative circumstances. Which type of contract is most suitable?

A. NEC
B. IMechE
C. FIDIC
D. JCT

Answer: C

Explanation:
FIDIC contracts are known for their robustness and low flexibility, placing risk on the client.

NEW QUESTION # 58
Which of the following is an advantage to the contractor in an EPC contract arrangement?
EPC contracts provide several benefits to contractors, such as clear project scope, reduced risks, and better project management.
Answer Options:

A. The client assumes all risks for the construction
B. There are no subcontractors to manage
C. The scope is clearly defined by the client
D. There is an early completion bonus

Answer: C

Explanation:
The correct answer is 1 (p.13). The scope is clearly defined by the client, making it easier for the contractor to plan and execute the project efficiently. Option 2 is incorrect because not all EPC contracts offer an early completion bonus. Option 3 is incorrect because EPC contracts can include subcontractors. Option 4 is incorrect because risks are shared between the client and contractor. [P.13]

NEW QUESTION # 59
Which of the following statements about NEC contracts are true? Select all that apply

A. The contracts use simple English in the present tense
B. The contracts are commonly used in the IT and financial industries
C. The suite of contracts is commonly known as the Rainbow Suite
D. The contracts are commonly used in the private sector
E. The contracts are designed to be flexible and allow for a range of payment options

Answer: A,E

Explanation:
NEC contracts are designed to be flexible with various payment options and use simple, present-tense English.

NEW QUESTION # 60
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