CIPS L6M5 Exam Dumps

Fire Light Corporation has secured a contract to design a new bridge for a local council. The council wants a price set in advance but allows for minor adjustments due to unforeseen circumstances.Which pricing mechanism is most suitable?

• firm fixed price
• fixed lump sum
• bill of quantity
• target costing

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?

• Institution of Mechanical Engineers
• Joint Contracts Tribunal
• International Federation of Consulting Engineers
• New Engineering Contract

What is the purpose of Cybernetic Control within Project Management?Answer Options:

• To assign resources
• To reduce errors
• To increase value
• To monitor progress

In a fixed lump sum contract, this pricing mechanism does not allow for any changes in price. Is this statement TRUE?Fixed lump sum contracts are widely used in construction and infrastructure projects. Answer Options:

• Yes – the price is fixed before the contract is signed
• Yes – the contractor assumes all risks should they exceed the budget
• No – price changes are allowed as it is impossible to predict prices concretely in advance
• No – price variations are permitted if they are written into the contract

Which of the following statements about investment appraisal techniques are true? (Select all that apply.)Answer Options:

• Non-discounted cash flow methods focus on profit maximization
• Return on Capital Employed (ROCE) is expressed as a percentage of the value of assets used to generate profit
• Payback analysis ignores cash flow after the business recovers its costs
• Internal Rate of Return (IRR) can be used with Net Present Value (NPV)

Doug is a Manager at ABC Ltd. The company is struggling financially and needs to make severalchanges to its operating procedures to maintain its position in the marketplace. The changes involve letting 10% of staff go and moving 70% of staff to remote online working instead of being office- based. The staff at ABC have, in general, not taken well to the changes, and motivation has decreased. In order to push through with the changes, Doug has stated that staff who volunteer to work online will receive an additional day of annual leave, and if staff refuse to move to the online system, this will have repercussions on their ability to be promoted within the company. Because of this, all remaining staff have now embraced the changes.Which two types of influence were used in managing this change process?

• Education
• Persuasion
• Coercion
• Reward

"Persuasion should be a last resort in cultural change." Is this statement true? Answer Options:

• Yes – persuasion should be linked to an implicit or perceived threat
• Yes – persuasion should only be used after coercion has failed
• No – persuasion should be planned before implementing change
• No – persuasion is not useful in large cultural shifts

Which of the following is NOT a benefit or function of a professional body?Professional bodies are established organizations that promote industry standards, ethical conduct, and professional development.Answer Options:

• Governance and ethical standards
• Ensuring prices remain low
• Raising productivity
• Creating international networks

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:

• Concept design – outlining how the water park would look and operate
• Feasibility study – looking in-depth at options available
• Project brief – creating a list of technical requirements
• Appointment of a construction manager to manage the project

According to Hofstede's Cultural Dimensions, Individualism is when a person prioritises themselves over a group. Is this correct?

• yes – individualism is seen as a selfish culture
• yes – this is the opposite of collectivism
• no – this is where an individual does not take risks that may have an adverse affect on themselves
• no – individualism means accepting immediate gratification