CIPS L5M3 (Core): Managing Contractual Risk

Welcome to the practice test. The practice questions are designed to familiarize CIPS aspirants with the CIPS exam-style format and enable them to test their knowledge before the exam. These online practice questions will help you assess yourself.

The questions are developed from the published CIPS Book latest version (copyright @2018). Students will benefit from these practice tests as there is an explanation with a reference, page no, relevant paragraph etc. for each question.

Students will get the following benefits:

· 103 Multiple Questions and 05 Mock Tests maintaining the RASHED’s standard of 103+(5*8) = 143 questions like other OR exams.

· Total 04 practice tests. Practice Test 01 (covering Chapter 01) consists of 20 MCQ Questions and 01 Matching Question. Practice Test 02 (covering Chapter 02) consists of 20 MCQ Questions and 01 Matching Question. Practice Test 03 (covering Chapter 03) consists of 19 MCQ Questions and 01 Matching Question. Practice Test 04 (covering full course) consists of 44 MCQ Questions and 02 MatchingQuestions.

· 03 Practice Tests have been prepared separately from Chapter-01, 02 and 03 (59 MCQ Questions and 03 Mock Tests)

· 01 mock test (44 MCQ questions and 02 Mock Tests).

· Self assessment.

· Questions were prepared proportionately from every learning outcome.

· Explanations have been prepared meticulously.

· Reference paragraph and page no. are given in the explanation.

· Hopefully it will help you to ace your CIPS exam in 1st attempt.

· Updated to the current syllabus.

On completion of this course, learners will be able to evaluate the legal and process issues relating to the formation of contracts and the legal implications of contractual non-conformance. They will also assess the impacts of breach of contract and examine coping remedies and provisions that are available under such circumstances.

As organizations outsource more and more activity it is vital that they ensure that the associated contracts deliver expected services and/or products. Hence a fundamental area that those who are tasked with managing the procurement and supply function are faced with is the identification, monitoring and management of contractual risk. This module is designed to enable learners to examine the nature of contract risk and the associated legal implications that relate to contract formation and non-conformance. They will also consider the impact of breach of contract and coping strategies to address such breaches.

Disclaimer:These practice tests have been produced solely for the purpose of exam preparation. It also facilitates MCIPS aspirants to understand the concepts and ideas of the study guide. The questions and solutions mentioned in these practice tests do not necessarily reflect the views of CIPS. The author requests the participants to go through the study guide before undertaking any investment. These practice tests are by far in no means substitute of CIPS Study Guide.

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Frequently Asked Questions

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You can view and review the lecture materials indefinitely, like an on-demand channel.

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