Free Strategic Programme Leadership Exam L6M5 Exam Practice Test

Glitter Kitten Ltd CEO applies the Payback Analysis for expansion. Investment: £50mAnnual returns: £10mQ: What is the payback period? Answer Options:

• 1 year
• 5 years
• 10 years
• 50 years

Foxglove Ltd has a rigid hierarchy, standardized work, and strict procedures. Employees know their roles and work quality is high.Q: What type of culture does Foxglove Ltd have? Answer Options:

• Task
• Role
• Power
• Person

Mustard Ltd contracted Red Ltd for IT services, requiring 98% internet connectivity. Red Ltd has only achieved 90% connectivity despite multiple meetings.Mustard Ltd now seeks to terminate the contract. Q: Can Mustard Ltd terminate the contract?Answer Options:

• Yes – connectivity was written into the contract, and Red Ltd is failing to deliver
• Yes – since previous meetings have failed to resolve the issue, termination is justified
• No – Red Ltd should be given more time to fix the issue
• No – the contract would not allow for termination

Which of the following aspects of culture make up the 'paradigm of the working environment' according to Gerry Johnson and Kevan Scholes? Select all that apply

• stories
• artifacts
• rituals
• symbols
• control systems

SkippedAn End-Of-Project Review may include the hiring of an external consultant to audit a project. This is particularly true in the Public Sector and for high-value/high-risk projects. The Auditor is likely to review the project's performance against what?

• Other similar projects completed by the organization
• Projects completed in the private sector
• The project plan
• Configuration management

Scenario (same as Question 16):Which type of contract would be the most suitable for working with the new client?

• JCT
• FIDIC
• IMechE
• NEC

Juno is completing a Variance Analysis on the sales department's spend for the first quarter. He concludes that there is a Favourable Variance. What does this mean?

• the department has more money in the budget than what they have spent so far
• the department has spent more than the allocated budget
• the results are better than expected
• the results are worse than expected

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:

• The scope is clearly defined by the client
• There is an early completion bonus
• There are no subcontractors to manage
• The client assumes all risks for the construction

Which of the following is true about Engineering, Procurement, and Construction (EPC) Contracts? (Select all that apply.)EPC contracts, commonly referred to as Turnkey Projects, are widely used in construction and infrastructure projects. These contracts require the contractor to design, procure materials, and construct the project to deliver a complete and operational facility to the client.Answer Options:

• The contractor is responsible for the design aspect of the construction
• The contractor may operate the building for a certain period after completion
• These contracts are commonly known as Turnkey Projects
• These contracts are sometimes referred to as Design and Build Contracts
• These contracts are used when forming a partnership between a private and public organization

In a fixed lump sum contract, this pricing mechanism does not allow for any changes in price. Is this statement TRUE?Fixed lump sum contracts are widely used in construction and infrastructure projects. Answer Options:

• Yes – the price is fixed before the contract is signed
• Yes – the contractor assumes all risks should they exceed the budget
• No – price changes are allowed as it is impossible to predict prices concretely in advance
• No – price variations are permitted if they are written into the contract