CIPS L6M5 Actual Free Exam Questions & Community Discussion
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:
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:
Correct Answer: B
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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:
EPC contracts provide several benefits to contractors, such as clear project scope, reduced risks, and better project management.
Answer Options:
Correct Answer: B
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Casper is conducting a Variance Analysis of the company's budget. What is its main purpose?
Answer Options:
Answer Options:
Correct Answer: B
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Golden Rainbow Ltd has invested £4m in a new research project started three years ago. The CFO calculates that the average rate of return on the project is -6%. Is this possible?
Correct Answer: B
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Which of the following statements about liquidated damages are TRUE? Select all that apply
Correct Answer: B,C,D
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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?
Correct Answer: B
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At what stage in a program's lifecycle is an Investment Appraisal conducted?
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Answer Options:
Correct Answer: C
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According to Hofstede's Cultural Dimensions, Individualism is when a person prioritises themselves over a group. Is this correct?
Correct Answer: D
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Sarah is a Project Manager running a project to create a new type of shoe that is sensitive due to intellectual property issues. She is undergoing Programme Level Control. What is the purpose of Programme Level Control?
Correct Answer: B
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