CIPS L6M5 Exam Questions Instant Access - No Installation Required

Question 1

The Royal Institute of Chartered Surveyors and the Royal Institute of British Architects are two founding members of which organisation that creates contracts for the construction industry?

AInstitution of Mechanical Engineers

BJoint Contracts Tribunal

CInternational Federation of Consulting Engineers

DNew Engineering Contract

Answer : B

The Joint Contracts Tribunal (JCT) is the organisation with these founding members.

Question 2

What is the purpose of a Project Audit?

Answer Options:

ATo ensure the budget is managed effectively

BTo assess project requirements

CTo present findings to senior leadership

DTo review financial and performance status after completion

Answer : D

A Project Audit (p.141) occurs post-completion to assess:

Financial health

Performance evaluation

Lessons learned

It is not a planning tool (Option B), nor is it for active budget management (A) or solely for senior leadership (C). [P.141]

Question 3

Casper is conducting a Variance Analysis of the company's budget. What is its main purpose?

Answer Options:

ATo identify which departments have overspent

BTo identify where cost savings can be made

CTo minimize inefficiencies

DTo analyze whether costs are fixed or variable

Answer : C

A Variance Analysis (p.95) compares planned vs. actual budget and identifies inefficiencies to enhance financial performance. Option A focuses only on overspending, B on cost-cutting, and D on categorizing costs rather than improving efficiency. [P.95]

Question 4

Which of the following characteristics form part of the Iron Triangle?

Ascope

Bcost

Ctime

Dcontractor

Eplace

Answer : A, B, C

The Iron Triangle consists of scope, cost, and time.

Question 5

When is the best time to define acceptance criteria for a project?

Answer Options:

AUpon completion

BDuring each milestone

CWhen writing the Project Initiation Document

DAs part of the Project Audit

Answer : C

Acceptance Criteria should be set before the project starts in the Project Initiation Document (PID) (p.137).

Option A is too late, as the project is already completed.

Option B is iterative, but criteria should be predefined.

Option D is for evaluation, not definition. [P.137]

Question 6

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:

AThe scope is clearly defined by the client

BThere is an early completion bonus

CThere are no subcontractors to manage

DThe client assumes all risks for the construction

Answer : A

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]

Question 7

Which project management methodology outlines a process for closing a project?

Answer Options:

AMonte Carlo

BCritical Path

CMRP

DPrince2

Answer : D

Prince2 has a defined 'Closing a Project' phase (p.136).

Monte Carlo (A) relates to risk analysis.

Critical Path (B) maps dependencies but does not specify closure.

MRP (C) is used for inventory planning. [P.136]

CIPS Strategic Programme Leadership L6M5 Exam Questions