CIPS L5M8 Exam Questions Instant Access - No Installation Required

Question 1

When would a company use Value Stream Mapping?

Ato ensure a project runs to timescale

Bto reduce waste

Cto map the effect of a change

Dto ensure products are value for money for the customer

Answer : B

Value Stream Mapping (VSM) charts all activities in the end-to-end flow to distinguish value-adding vs. non-value-adding steps and reduce waste in the process.

Question 2

Zumaya is a Procurement Manager and has recently introduced a new e-sourcing tool. She is evaluating the change against the metrics identified at the start and will continue monitoring as staff use the system. What type of evaluation is this?

Areturn on investment evaluation

Bprocurement evaluation

Cprocess evaluation

Dsummative evaluation

Answer : D

Summative evaluation assesses effectiveness and outcomes against predefined measures once a change has been implemented (and as benefits are realised). Process evaluation focuses on ''how'' the change was implemented; ROI is purely financial.

Question 3

Cleo is a Project Manager and is drafting a set of objectives for her project. She has decided that the project must have completed stages 1 and 2 before the end of the financial year. This is an example of what type of objective?

Aachievable

Brelevant

Cspecific

Dtime-bound

Answer : D

In SMART objectives, ''time-bound'' refers to setting a deadline or timeframe. Cleo's inclusion of the end of the financial year defines clear timing.

Question 4

Freeman defines six stakeholder categories who are able to influence the success of a project. Select THREE

Aowners

Bcreditors

Csuppliers

Dmanagers

Egovernment

Answer : A, C, D

Freeman's typology identifies categories such as owners, managers, employees, suppliers, customers, and local community as primary stakeholders with influence. From the list provided, owners, suppliers, managers align with that set.

Question 5

Derek is a Project Manager at Dandelion Ltd and is beginning the project initiation phase of a new project looking into the creation of a new product line. He is creating a business case for senior leadership. Should Derek include within this risks and concerns he has about the potential failure of the project?

Ayes -- it is important that senior management are aware of the risks and a contingency plan is included

Byes -- all projects have financial risks associated with them and senior management must be aware of this

Cno -- the project initiation should focus on the value-add objectives of the project

Dno -- the project initiation focuses on the ''why'' of the project and should present a business case for completing the project

Answer : A

A realistic business case should clearly outline risks and concerns with contingencies, so leaders can judge whether benefits outweigh risks and avoid surprise later.

Question 6

Which of the following is an international standard for Social Responsibility?

AISO 26000

BISO 27000

CSocial Value Act

DEthical Trading Initiative

Answer : A

ISO 26000 provides global guidance on social responsibility, addressing seven key areas: governance, human rights, labour practices, environment, fair operating practices, consumer issues, and community development.

Question 7

Subcontractors are primary members of the supply chain and have an impact on value-adding activities of a project. Is this sentence TRUE?

Ayes -- subcontractors can fulfil a need for a complex skill

Byes -- subcontractors are always used on large, complex projects

Cno -- subcontractors are not primary members of the supply chain

Dno -- subcontractors do not have an impact on value-adding activities

Answer : C

Subcontractors typically sit at tier 2/3, so they are not primary (tier-1) members. However, they do influence value creation and project success, so D is incorrect.

CIPS Project and Change Management L5M8 Exam Questions