Pass the CIPS CIPS Level 5 Advanced Diploma in Procurement and Supply L5M8 Questions and answers with CertsForce

A risk assessment quantifieslikelihood (probability)andseverity (impact), assigning scores that help prioritise mitigation actions.Typeandownerare qualitative factors.

Freeman’s typology identifies categories such asowners,managers,employees,suppliers,customers, andlocal communityas primary stakeholders with influence. From the list provided,owners, suppliers, managersalign with that set.

Cynicism often results from a breach of thepsychological contract, leading to mistrust. Managers shouldrebuild confidencethroughtransparent communication(upward and downward) and bycelebrating successesthat demonstrate progress and credibility of change.

Lewin’s classic model frames change asUnfreeze → Change → Refreeze. The first step isunfreezing, preparing the organisation/people to move away from the current state before making and stabilising the change.

Anexogenousdriver of change originatesoutsidethe organisation. Atax rate increaseis an external policy change; the other options are internal.

Thecontrol stageensures that resources, people, and materials areavailable when needed, that progress is monitored, and that corrective actions are taken when deviations occur. It focuses on resource flow and issue resolution — not strict adherence to plan, since projects often evolve.

RACIis a project responsibility/communication tool that clarifies who isResponsible, Accountable, Consulted, and Informedfor each task or decision—i.e., who’s involved and how they are engaged/communicated with.Mendelowmaps power/interest (not communication roles).Kraljicis a portfolio sourcing matrix.STEEPLED/PESTscans the macro-environment.

Janusz’sTriple HelixhighlightsInterdependency,Interaction, andIntegrationamong network actors as levers for added value in projects/supply networks.

TheBoard/Steering Grouphas ultimate accountability; itauthorises initiationandapproves major decisions/deviationsduring delivery. Budgeting and staffing are typically managed via other governance routes/roles.