L5M8 Exam Dumps - CIPS Level 5 Advanced Diploma in Procurement and Supply Questions and Answers

Hire purchaseinvolves staged payments with anoption to ownthe asset at the end (often via afinal/balloonpayment). Finance/operating leases don’t necessarily transfer ownership.

Reactions to changevaryby person;low(not high) self-efficacy correlates with fear/avoidance. True elements include:negative emotions(e.g., fear) often drive resistance; resistance may bepassive(avoidance, delay); managers shouldsupport and guideindividuals through the change journey.

AGantt chartvisually maps activities againsttimeto show sequencing and overlap of tasks. It’s used for scheduling, tracking progress, and identifying dependencies.

Alate deliveryby suppliers can directlydelay project timelines, representing asupply chain risk. The other options are internal project management risks, not supply chain-based.

These areinternal negative factors, classed asweaknessesin a SWOT.Strengths/weaknessesare internal;opportunities/threatsare external. Competitor advantage, though external, is perceived here as a benchmark highlighting internal weakness.

Thecontrol stageensures that resources, people, and materials areavailable when needed, that progress is monitored, and that corrective actions are taken when deviations occur. It focuses on resource flow and issue resolution — not strict adherence to plan, since projects often evolve.

Lewin’s classic model frames change asUnfreeze → Change → Refreeze. The first step isunfreezing, preparing the organisation/people to move away from the current state before making and stabilising the change.

Using theMendelow matrix: stakeholders withhigh power/low interestshould bekept satisfied—engage sufficiently to maintain support without over-loading them.

Subcontractorstypically sit attier 2/3, so they arenot primary (tier-1) members. However, theydoinfluence value creation and project success, so D is incorrect.

The guide emphasises thatan Executive role should still be assigned and engaged even on small/simple projects, maintaining communication with the Project Manager; they are jointly the most important roles.