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L5M8 Exam Dumps For Certification Exam Preparation
CIPS L5M8 Exam Syllabus Topics:
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NEW QUESTION # 54
When would a company use Value Stream Mapping?
- A. to ensure a project runs to timescale
- B. to map the effect of a change
- C. to ensure products are value for money for the customer
- D. to reduce waste
Answer: D
Explanation:
Value Stream Mapping (VSM)charts all activities in the end-to-end flow to distinguishvalue-adding vs.
non-value-addingsteps andreduce wastein the process.
Reference:CIPS L5M8 Study Guide, p.147.
NEW QUESTION # 55
When can aMultiple Cause Diagrambe of most help to an organisation?
- A. to assign blame for a problem that has occurred
- B. to assess why a change has happened
- C. to identify issues that can arise if changes are made
- D. to forecast changes in the external environment
Answer: B
Explanation:
AMultiple Cause Diagramvisually mapsthe interrelationships of causes and effects, helping teams analyse why a change or issue has occurredand see the wider system context.
Reference:CIPS L5M8 Study Guide, p.115.
NEW QUESTION # 56
Yes Ltd is a consultancy organisation running many projects simultaneously. Fiona, the CEO, claims that all projects should use project management software. Is this correct?
- A. no - software should never be used as a project management tool
- B. yes - all projects require the use of software to track data
- C. no - the use of software may not be required for smaller projects
- D. yes - software will ensure projects are delivered to timescales and budgets
Answer: C
Explanation:
The guide explains thatsoftware should only be used if it adds valueto project control and efficiency. For small, low-complexity projects, it might beunnecessary or uneconomical.
Reference:CIPS L5M8 Study Guide, p.71.
NEW QUESTION # 57
Which of the following methods of communications is likely to be most effective for conveying sensitive or important information?
- A. E-mails
- B. Telephone conversations
- C. Reading reports from other team members
- D. Short face-to-face meetings
Answer: D
NEW QUESTION # 58
In Project Management, when would you use aMonte Carlo Analysis?
- A. to set a project timeline
- B. to simulate risks
- C. to work out return on investment
- D. to assign a budget
Answer: B
Explanation:
AMonte Carlo Analysisis a quantitativerisk simulationtechnique. It models uncertainty by running many scenarios to estimate potential outcomes for cost, time, or other risk variables.
Reference:CIPS L5M8 Study Guide, pp.208-209.
NEW QUESTION # 59
NPV analysis is a method for making equal comparisons between cash flows for multi-year projects.
- A. True
- B. False
Answer: A
NEW QUESTION # 60
Payback period is the amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project.
- A. True
- B. False
Answer: A
NEW QUESTION # 61
In what way is a Work Breakdown Structure (WBS) useful to a Project Manager?
- A. ensures the project sticks to timelines
- B. identifies relevant stakeholders
- C. controls costs
- D. defines what the project will accomplish
Answer: D
Explanation:
AWBSdecomposes project deliverables into smaller components, clarifyingwhat will be producedand how each part contributes to the overall outcome-i.e., itdefines what the project will accomplishand gives visibility of expected results at each level.
Reference:CIPS L5M8 Study Guide, p.21.
NEW QUESTION # 62
Work performance information and cost forecasts are main outputs of the _____ process.
- A. cost estimating
- B. cost control
- C. cost pricing
- D. cost budgeting
Answer: B
NEW QUESTION # 63
The improvement of the product and process in the Scrum method is discussed at the _____.
- A. daily Scrum meeting
- B. kick-off meeting
- C. sprint reflection meeting
- D. sprint review meeting
Answer: C
NEW QUESTION # 64
_____ refers to work done in organizations to sustain the business.
- A. D) SOW
- B. C) Parametric estimating
- C. Operations
- D. False
Answer: A
NEW QUESTION # 65
Process improvement plan, quality metrics, and quality checklists are the outputs of the _____ process of project quality management.
- A. controlling quality
- B. planning quality management
- C. quality certification
- D. performing quality assurance
Answer: B
NEW QUESTION # 66
The formula to deine the number of communication channels is _____, where n is the number of people involved.
- A. n(n+1)/2
- B. n(n-1)/2
- C. n(n+1)/n(n-1)
- D. n(n-1)/n(n+1)
Answer: B
NEW QUESTION # 67
The project integration management knowledge area maps to the _____ process group through the activities of developing project charters.
- A. initiating
- B. monitoring and controlling
- C. executing
- D. planning
Answer: A
NEW QUESTION # 68
The project team must take corrective action if stakeholders with _____ are categorized as resistant or unaware.
- A. low interest/low power
- B. high interest/low power
- C. high interest and high power
- D. low interest/high power
Answer: C
NEW QUESTION # 69
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