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Reliable L6M5 Braindumps Sheet - L6M5 Exam Actual Tests
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CIPS L6M5 Exam Syllabus Topics:
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CIPS Strategic Programme Leadership Sample Questions (Q66-Q71):
NEW QUESTION # 66
In which scenario would a Cost Reimbursable contract be most suitable?
Answer Options:
- A. A construction project where raw material prices may fluctuate
- B. The manufacturing of food items, where the client may return raw materials that do not meet specifications
- C. A research project where the exact scope of work is unknown at the onset
- D. The creation of a new product, where time is critical, and the client wishes to reward the contractor for speedy delivery
Answer: C
Explanation:
Cost Reimbursable contracts are widely used in research projects where the exact scope is uncertain (p.69). These contracts allow for flexibility in cost adjustments based on project progress. Option B describes a contract using cost-plus pricing, and Options C and D do not fit this contract model. [P.69]
NEW QUESTION # 67
Jerry is responsible for starting a new construction project.
His company wants to build a new Water Park on the outskirts of town.
He has prepared a Statement of Need, outlining requirements and benefits.
Senior Management has approved the project to move forward.
Q: What should be Jerry's next task?
Answer Options:
- A. Concept design - outlining how the water park would look and operate
- B. Project brief - creating a list of technical requirements
- C. Feasibility study - looking in-depth at options available
- D. Appointment of a construction manager to manage the project
Answer: C
Explanation:
The next stage after a business justification is a Feasibility Study (p.18-19). This assesses financial viability and risks before moving forward. Concept design and project brief come after feasibility, and the construction manager is appointed much later in the process. [P.18-19]
NEW QUESTION # 68
Joanne is preparing a contract for the construction of a large shopping center.
The project includes 52 retail units, several restaurants, and a parking facility.
Joanne's company has contracted Construct Ltd under a Turnkey project.
She is using a Gantt chart as a schedule in the contract.
Q: What type of payment mechanism is being used in this contract?
Answer Options:
- A. Cost Reimbursable
- B. Fixed Lump Sum
- C. Bill of Quantity
- D. Activity Schedule
Answer: D
Explanation:
The correct answer is Activity Schedule (p.60). A Gantt chart is a time-based project planning tool, typically used in Activity Schedule contracts, where payments are tied to the completion of specific tasks. Other payment methods, such as Fixed Lump Sum and Bill of Quantity, do not rely on this approach. [P.60]
NEW QUESTION # 69
Scenario (same as Question 16):
Which type of contract would be the most suitable for working with the new client?
- A. NEC
- B. IMechE
- C. JCT
- D. FIDIC
Answer: A
Explanation:
The NEC contract is known for its flexibility and collaborative approach, matching the client's requirements.
NEW QUESTION # 70
Skipped
Which of the following describes tacit knowledge? Select all that apply.
- A. It is easy to capture and write down
- B. It is easy to transfer from one person to another
- C. It can be captured from reports and data
- D. It is usually unwritten
- E. It can be found in Standard Operating Procedures within the procurement department
Answer: D
Explanation:
Tacit knowledge is knowledge that is difficult to transfer or explain. The other four options describe explicit knowledge. Tacit knowledge is usually unwritten, like the history of a relationship between a buyer and supplier or why a company does things in a certain way.
Domain: 2.4
NEW QUESTION # 71
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