Free CIPS L6M5 Exam Questions
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- Question 1
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Question 2
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KCJ Ltd is a public sector organisation which is looking to run 5 projects over the next financial year. Below are details of each project:Project 1: The budget estimate of this project is calculated using an algorithm. The project lead is the founder of the organisation.Project 2: The project lead is the Head of Research and Development, who has a PHD in Data Science. He has taken costing and budget information from similar projects conducted previously to decide on a budget for Project 2.Project 3: The project is being led by a key stakeholder and involves creating a Bill of Materials. Costs will be worked out for each item required to complete the project and totalled together.Project 4: The Project Leader has worked out the base cost, most likely cost and worst-case scenario for the project. His power comes from his ability to pull the plug on this project at any time.Project 5: This project is being led by a well-liked member of the Board of Directors. He has selected a team who he gets on well with and has decided the budget based on his own research.For each project, select the cost estimation method used and the source of power of the Project Leader. Complete the table below, some answers may be used twice: bottom up, 3-point estimate, parametric, analogous, expert judgement, top-down, positional (x2), personal (x2), expert, negativeWhich of the following will you put into box 4?
Answer: B
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- Question 3
- Question 4
- Question 5
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