Online Access Free CIPS.L5M8.v2026-04-14.q37 Practice Test (Page 2)

L5M8 Exam Question 1

At which stage of the project lifecycle is akick-off meetingusually held and the project is assigned abudget?

A.strategic stage

B.initiation stage

C.planning stage

D.design stage

L5M8 Exam Question 2

Derek is a Project Manager at Dandelion Ltd and is beginning the project initiation phase of a new project looking into the creation of a new product line. He is creating a business case for senior leadership. Should Derek include within this risks and concerns he has about the potential failure of the project?

A.yes - it is important that senior management are aware of the risks and a contingency plan is included

B.yes - all projects have financial risks associated with them and senior management must be aware of this

C.no - the project initiation should focus on the value-add objectives of the project

D.no - the project initiation focuses on the "why" of the project and should present a business case for completing the project

L5M8 Exam Question 3

Parker Incorporated is launching a new product which customers will never have seen before. As it is completely unknown to the marketplace, which type of change situation is to be expected?

A.predicted change

B.closed change

C.contained change

D.open-ended change

L5M8 Exam Question 4

TheTriple Helix Systemdescribes how added value can be derived from a project through which three factors within the supply chain network?Select THREE

A.information

B.independence

C.interdependency

D.interaction

E.integration

L5M8 Exam Question 5

What is the purpose of theproject controlstage within the project lifecycle?

A.to ensure resources required to complete project tasks are available in a timely manner

B.to ensure there are no deviations from the project timeline

C.to monitor the project outcomes in terms of KPIs

D.to set limits and boundaries to what can be achieved

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L5M8 Exam Question 1

L5M8 Exam Question 2

L5M8 Exam Question 3

L5M8 Exam Question 4

L5M8 Exam Question 5

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