Most Recent CIPS L6M5 Exam Dumps

Prepare for the CIPS Strategic Programme Leadership exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the CIPS L6M5 exam and achieve success.

The questions for L6M5 were last updated on Feb 17, 2025.

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Question No. 1

Jake is running a tender exercise to find a new supplier for his manufacturing organisation. He is seeking fixed pricing for goods over the next 2 years. Which of the following are advantages of using fixed pricing? Select all that apply.

Afixed pricing means bidders will provide a lower quote

Bfixed pricing makes forecasting easier

Cfixed pricing simplifies the bidding process

Dfixed pricing means Jake will benefit from decreases in price if the supplier's costs reduce

Efixed pricing is likely to lead to less tensions between the two parties in the long run

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Correct Answer: B, C, E

Fixed pricing makes forecasting easier, simplifies the bidding process, and can reduce tensions between the parties. It typically does not lead to lower quotes or share cost savings with the buyer.

Question No. 2

A programme is a framework which allows multiple projects to be completed simultaneously. Is this TRUE?

Ayes -- projects are co-ordinated to achieve the strategic objectives of the business

Byes -- programmes ensure that projects are viable and successful in their implementation

Cno -- a programme is a type of project which helps the business achieve its objectives

Dno -- a project is a set of programmes which are run simultaneously

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Correct Answer: A

A programme is designed to coordinate multiple projects to achieve strategic objectives.

Question No. 3

Skipped

Which of the following describes tacit knowledge? Select all that apply.

AIt can be found in Standard Operating Procedures within the procurement department

BIt is easy to capture and write down

CIt can be captured from reports and data

DIt is easy to transfer from one person to another

EIt is usually unwritten

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Correct Answer: E

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

Question No. 4

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:

AOpen-Book Costing

BCost Reimbursable Contract

CBottom-Up Pricing

DActivity-Based Costing

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Correct Answer: A

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]

Question No. 5

Liability limitation often focuses on which of the following types of loss, which is said to be the most unpredictable and most significant in the case of a default on a contract?

Arepudiatory

Banticipatory

Cdirect

Dconsequential

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Correct Answer: D

Consequential loss is considered the most unpredictable and significant, hence it is often the focus of liability limitations.

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