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CIPS Updated L3M3 Exam Questions and Answers by olivier

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CIPS L3M3 Exam Overview :

Exam Name: Contract Administration
Exam Code: L3M3 Dumps
Vendor: CIPS Certification: CIPS Level 3 Advanced Certificate in Procurement and Supply Operations
Questions: 90 Q&A's Shared By: olivier
Question 20

Periodic progress reports may be required by a contract manager. Part of this could include reporting actual progress against planned progress. In many cases, achievement of plannedstages would result in (part-) payment(s) being released to the contractor. Which one of the following terms might be the most appropriate title for a plan underpinning this approach, to ensure value for money, and payment linked to actual progress?

Options:

A.

Part-payment plan

B.

Milestone / gateway plan

C.

Stage or staged plan

D.

Roadmap or road sign plan

Discussion
Question 21

Johnson, Scholes and Whittington suggested three key criteria for options which can be used in the evaluation of a business case. Which word was not one of these three key criteria?

Options:

A.

Transferability

B.

Feasibility

C.

Acceptability

D.

Suitability

Discussion
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Question 22

What gets measured, gets …’?

Options:

A.

Measured

B.

Procured

C.

Managed

D.

Lost

Discussion
Question 23

The legal lessons included in this course are based on:

Options:

A.

Scots law

B.

English law

C.

British law

D.

European law

Discussion
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