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Ā
ģ§ė¬ø # 56
Which elements define an organization's culture? (Select all that apply.)
ģ ėµļ¼A,B,C,D
ģ¤ėŖ
ļ¼
Organizational culture (p.154) consists of:
Beliefs, interactions, environment, and customs.
Financial standing does not define culture, making it incorrect. [P.154]
Ā
ģ§ė¬ø # 57
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:
ģ ėµļ¼C
ģ¤ėŖ
ļ¼
The correct answer is 1 (p.13). The scope is clearly defined by the client, making it easier for the contractor to plan and execute the project efficiently. Option 2 is incorrect because not all EPC contracts offer an early completion bonus. Option 3 is incorrect because EPC contracts can include subcontractors. Option 4 is incorrect because risks are shared between the client and contractor. [P.13]
Ā
ģ§ė¬ø # 58
Glitter Kitten Ltd CEO applies the Payback Analysis for expansion.
Investment: £50m
Annual returns: £10m
Q: What is the payback period?
Answer Options:
ģ ėµļ¼D
ģ¤ėŖ
ļ¼
Payback period formula:
Investment (Ā£50m) Ć· Annual inflow (Ā£10m) = 5 years. [P.1.4]
Ā
ģ§ė¬ø # 59
Glitter Kitten Ltd negotiates a contract with Paw Ltd (new supplier).
Q: What pricing mechanism is best for visibility into supplier costs and margins?
Answer Options:
ģ ėµļ¼B
ģ¤ėŖ
ļ¼
Open-Book Costing (p.2.1) ensures visibility into supplier costs and margins, which matches the CEO's request.
Cost Reimbursable (B) covers unknown costs, but does not provide transparency.
Bottom-Up Pricing (C) estimates project costs from smaller parts.
Activity-Based Costing (D) assigns costs per activity, but does not guarantee supplier transparency. [P.2.1]
Ā
ģ§ė¬ø # 60
In which scenario would a Cost Reimbursable contract be most suitable?
Answer Options:
ģ ėµļ¼B
ģ¤ėŖ
ļ¼
Cost Reimbursable contracts are widely used in research projects where the exact scope is uncertain (p.69). These contracts allow for flexibility in cost adjustments based on project progress. Option B describes a contract using cost-plus pricing, and Options C and D do not fit this contract model. [P.69]
Ā
ģ§ė¬ø # 61
......
ģģ¦ ź°ģ ģøģ¬ź° ė§ģģ§ė ģ¬ķģė ė§ģ ģ ź³ģģė ģģ§ė ź“ė Øģøģ¬ź° ė¶ģ”±ķė¤ź³ ķ©ėė¤.itģ ź³ģģė ģ“ė¬ķ ģķ©ģ ėė¤.CIPS L6M5ģķģ itģøģ¦ģ ė°ģ ģ ģė ģ¢ģ ģķģ ėė¤. ź·øė¦¬ź³ ITDumpsKRėCIPS L6M5ė¤ķ넼 ģ ź³µķė ģ¬ģ“ķøģ ėė¤.
L6M5ź³µė¶ģė£: https://www.itdumpskr.com/L6M5-exam.html
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