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Exam Code: L5M3
Exam Name: Managing Contractual Risk
Vendor: CIPS

60 Questions & Answers
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NEW QUESTION: 1
Scenario
A central government department, the Ministry of Food Hygiene (MFH), faces increasing pressure to cut costs, better manage suppliers' performance and reduce the confusion caused by inadequate internal controls, outdated standards and outdated technology. External consultants were employed to conduct a feasibility study to identify options to address the problems, and the likely costs and benefits. The following options were considered:
Do nothing.

Re-engineer selected business functions.

Outsource selected business functions.

The feasibility study concluded that there was a case for outsourcing the MFH Information Technology Division and the Facilities Division (maintenance of buildings and grounds). The recommendations were:
One service provider should be contracted to provide the services currently provided by the Information

Technology Division and the Facilities Division.
A 10-year service contract should be agreed with the selected service provider.

The feasibility study developed high-level designs of the current organization, processes, systems and operating models, plus an outline Business Case for the required project. The external consultants also made the following recommendations for the management of the project:
Use PRINCE2.

Set up the project with 4 management stages:

Stage 1. Standard PRINCE2 initiation activities.
Stage 2. Create detailed designs (future organization, processes, systems and operating models) and the service level agreement between MFH and the future service provider.
Stage 3. Request and evaluate proposals, select service provider and agree contract.
Stage 4. Transfer equipment and staff, transfer responsibility for service provision and run trial period.
Initial estimates indicated that the project would cost £2.5m and take two years to complete.
MFH senior management agreed that there was a case for outsourcing, and accepted the recommendations as a basis for the project. There is an expected saving of £20m over 10 years.
The Outsourcing project has completed the Starting up a Project process and is now in the initiation stage.
Because of the strategic importance of the project, the MFH Chief Executive Officer has taken the role of Executive. A PRINCE2-experienced Project Manager has been appointed from within MFH. Staff within the business functions being outsourced will work with the external consultants who conducted the feasibility study to define the detailed designs.
Lines 1 to 6 in the table below consist of an assertion statement and a reason statement. For each line identify the appropriate option, from options A to E, that applies. Each option can be used once, more than once or not at all.
Hot Area:

Answer:
Explanation:


NEW QUESTION: 2

A. Option D
B. Option A
C. Option C
D. Option B
Answer: C
Explanation:
Reference http://www.relationshipone.com/blog/ready-rock-responsys/

NEW QUESTION: 3
If both a security rule and an Application & URL Filtering rule match, which one has higher priority?
A. In the first place there must always be a matching security rule; only if the traffic is allowed, the Application & URL Filtering policy will be processed.
B. It does not matter which rule will be processed first.
C. If either of the rules uses an Access Role in the source field, the security rule has higher priority.
D. If the Application & URL Filtering rule has an "Allow" action, it will be applied before the security rule.
Answer: A

NEW QUESTION: 4
What is the recommended minimum length of a good password?
A. 18 characters
B. 22 characters
C. None of the choices.
D. 6 characters
E. 8 characters
F. 12 characters
Answer: E
Explanation:
Explanation/Reference:
Explanation:
Passwords are the first defensive line in protecting your data and information. Your users need to be made aware of what a password provides them and what can be done with their password. They also need to be made aware of the things that make up a good password versus a bad password. A good password has mixed-case alphabetic characters, numbers, and symbols. Do use a password that is at least eight or more characters.


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