CIPS L4M2 Exam - Topic 1 Question 15 Discussion

Actual exam question for CIPS's L4M2 exam

Question #: 15
Topic #: 1

As the lead procurement manager, you have been asked to compile a business case for a large project. Which of the following should you include in the business case?

Costs and risks

List of large suppliers

Business benefits

Informal recommendation

A1 and 3 only

B2 and 4 only

C1 and 4 only

D2 and 3 only

Show Suggested Answer

Suggested Answer: C

The buying organisation is keen to encourage innovation so they should use the outcome or output based specification. In an outcome-based specification, umbrella statements like 'good quality', 'ambient temperature', 'convenient way' are often used. This may confuse the suppliers, and it's hard to check the solution that supplier offers. On the other hand, ouput-based specifications often include measurable requirements. For example, a specification for air conditioning system states that the system should maintain the room temperature at 19-24 degrees Celsius. Therefore, output specification is more appropriate in this case.

LO 3, AC 3.1

by Theodora at Apr 03, 2023, 11:55 AM

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Justine

7 months ago

Large suppliers aren't necessary for the business case.

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Tiara

7 months ago

Totally agree with 1 and 3!

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Alecia

7 months ago

Wait, why would you include an informal recommendation?

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Telma

7 months ago

I think business benefits are crucial too.

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Leota

7 months ago

Definitely need costs and risks in there!

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Alonso

8 months ago

I recall that business cases should focus on justifying the project, so I lean towards including costs and benefits, which makes me think option A is correct.

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Sherman

8 months ago

I’m a bit confused about the role of large suppliers in the business case. Do we really need to list them, or is that more for a different document?

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Beckie

8 months ago

I think we practiced a similar question where business benefits were emphasized, so I feel like options 1 and 3 might be the right choice here.

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Candra

8 months ago

I remember we discussed that a business case should definitely include costs and risks, but I'm not sure if informal recommendations are really necessary.

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Alisha

8 months ago

Ugh, I'm a bit confused by this question. I'm not entirely sure what types of exceptions are being referred to. I'll try to eliminate the options that don't seem relevant and focus on the ones that seem more likely to be correct.

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Ailene

8 months ago

Okay, let me see if I can break this down. The question is asking what we should create on the process completed trigger to ensure emails are sent. A workflow seems like the most logical choice, as it's a common way to automate actions in Dynamics 365. But I'll double-check the other options just to be sure.

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Pamella

8 months ago

Hmm, this seems like a straightforward question about where parsers can be enabled. I'll need to think through the options carefully.

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Theresia

1 year ago

Hey, you know what they say, 'the more suppliers, the merrier!' Or was that 'the more the merrier'? Either way, I'm definitely not picking that one.

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Susy

12 months ago

D) 2 and 3 only

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Susana

12 months ago

I agree, costs and risks along with business benefits are crucial in a business case.

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Fatima

12 months ago

A) 1 and 3 only

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Cristal

1 year ago

Informal recommendation? What is this, a Yelp review for a procurement project? I'll take the 'costs and risks, business benefits' option, thanks very much.

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Bernardine

1 year ago

Ah, the old 'costs and risks, business benefits' combo. Gotta love the classics. I wonder if the exam writers have a handbook of classic business case questions or if they just randomly generate them.

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Tiffiny

1 year ago

C) 1 and 4 only

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Timothy

1 year ago

A) 1 and 3 only

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Geraldo

1 year ago

List of large suppliers and an informal recommendation? Really? That's like asking for a recipe and getting a grocery list. This question is clearly trying to trick us.

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Christiane

1 year ago

Costs and risks, and business benefits? Duh, that's a no-brainer. I bet the procurement manager could write this business case with their eyes closed.

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