CIPS L3M3 Exam - Topic 1 Question 15 Discussion

Actual exam question for CIPS's L3M3 exam

Question #: 15
Topic #: 1

Periodic progress reports may be required by a contract manager. Part of this could include reporting actual progress against planned progress. In many cases, achievement of planned stages would result in (part-) payment(s) being released to the contractor. Which one of the following terms might be the most appropriate title for a plan underpinning this approach, to ensure value for money, and payment linked to actual progress?

APart-payment plan

BMilestone / gateway plan

CStage or staged plan

DRoadmap or road sign plan

Show Suggested Answer

Suggested Answer: D

Inability to touch something.

Services are intangible, which may present challenges when specifying / buying.

by Louann at Jul 09, 2024, 09:32 PM

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Kimbery

6 months ago

Not sure if any of these really capture the essence.

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Tenesha

6 months ago

Wait, is a roadmap really a thing in contracts?

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Amber

6 months ago

Part-payment plan is too vague for this.

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Jesusita

7 months ago

I think a Stage or staged plan fits better.

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Becky

7 months ago

Milestone / gateway plan sounds right.

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Cornell

7 months ago

"Roadmap" sounds too vague for this context; I think it should be something more concrete like a milestone plan.

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Adaline

7 months ago

I feel like the term "gateway plan" was mentioned in a practice question, but I can't recall the specifics.

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Latricia

7 months ago

I'm not entirely sure, but I think a stage plan might also work since it implies progress tracking.

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Barbra

8 months ago

I remember discussing milestone plans in class, and they seem to fit this scenario since payments are often tied to specific achievements.

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Kattie

8 months ago

This question is testing our understanding of project management terminology, which can be a bit tricky. I'm going to go with the "Milestone / gateway plan" option, as I think that best captures the idea of linking payments to the achievement of specific, measurable milestones or gateways.

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Lezlie

8 months ago

I think the key here is to focus on the requirement for "value for money" and "payment linked to actual progress." Based on that, the "Milestone / gateway plan" seems like the most appropriate title, as it directly addresses those criteria. The other options are a bit more generic.

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Ira

8 months ago

Hmm, this is a tricky one. I'm leaning towards the "Stage or staged plan" option, as that seems to capture the idea of breaking the work down into clearly defined stages, with payments tied to the completion of each stage. But I could also see the "Milestone / gateway plan" working well.

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Nichelle

8 months ago

I'm a bit confused by the wording of this question. It's asking about the "most appropriate title" for a plan, but the options seem to be quite similar. I'm not sure if there's a clear "best" answer, or if it's more about understanding the nuances of each term.

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Nell

8 months ago

This seems like a straightforward question about the appropriate title for a plan that links progress payments to actual progress. I think the "Milestone / gateway plan" option is the most appropriate, as it clearly indicates that payments will be tied to the achievement of specific milestones or gateways.

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Lenna

8 months ago

Okay, the command uses the "layout=atripe" option, so I'm guessing the default number of stripe columns is related to that. Let me think this through...

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Merilyn

8 months ago

Got it, that makes sense. So the answer must be True, since the question states that the same channel cannot be used in the overlapping area between the channels.

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Garry

1 year ago

Ooh, 'Milestone / gateway plan' (B) - it's like a treasure hunt, but with money as the prize!

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Avery

1 year ago

Haha, a 'Part-payment plan' (A)? Might as well call it the 'Drip-feed plan' or the 'Nickel and dime plan'.

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Renea

11 months ago

C) Stage or staged plan

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Sharan

11 months ago

B) Milestone / gateway plan

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Marguerita

12 months ago

A) Part-payment plan

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Tonette

1 year ago

Well, a 'Roadmap or road sign plan' (D) just sounds like it's trying too hard to be fancy. I'll stick with the straightforward 'Milestone / gateway plan'.

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