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CIPS L5M2 Exam Questions

Exam Name: CIPS Managing Supply Chain Risk Exam
Exam Code: L5M2
Related Certification(s): CIPS Level 5 Advanced Diploma in Procurement and Supply Certification
Certification Provider: CIPS
Number of L5M2 practice questions in our database: 120 (updated: Jul. 07, 2026)
Expected L5M2 Exam Topics, as suggested by CIPS :
  • Topic 1: Managing Teams and Individuals: This section covers how to evaluate the different schools of thought and the reasoning behind the variety of approaches to the management of themselves, individuals, and groups or teams within organizations.
  • Topic 2: Managing Supply Chain Risk: This section covers a variety of tools and techniques to establish the level of risk in supply chains and to recommend and apply ways of avoiding, mitigating, or managing risk.
  • Topic 3: Managing Contractual Risk: This section evaluates the legal and process issues relating to the formation of contracts and the legal implications of contractual non-conformance. Candidates are tested for the impacts of breach of contract.
  • Topic 4: Advanced Contract and Financial Management: This section deals with developing measures to ensure and improve contract performance as they assess the concept and use of strategic sourcing.
  • Topic 5: Managing Ethical Procurement and Supply: This section explains the impact of and initiatives to improve, sustainability and the managerial approaches to promote ethical practices in procurement and supply.
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Margaret Campbell

18 days ago
Managing Contractual Risk many items present contract excerpts and ask you to identify exposure, gaps in indemnities or the best path to mitigate liability under specific clauses. Drill standard clauses, indemnity and limitation of liability concepts and learn to link contractual language to commercial risk outcomes, having passed L5M2, I found clause-comparison practice invaluable.
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Nathan Edwards

23 days ago
The trickiest part was contractual risk, especially linking clauses to practical remedies, so I revised by rewriting key terms in plain language and mapping them to common dispute scenarios. That approach helped me stay calm in the exam and I managed to pass.
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Robert Wilson

2 months ago
Managing Supply Chain Risk the paper often includes mapping and prioritisation problems where you score risks using qualitative and quantitative criteria and justify mitigation sequencing. Concentrate on risk identification techniques, BCP essentials and how to calculate exposure so you can defend prioritisation decisions, I recently cleared the exam and benefited from timed practice on those question types.
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Laura Jones

2 months ago
L5M2 felt less about definitions and more about applying risk tools, so I built a simple risk register from my own work examples and it made the CIPS questions much easier to unpack. I passed by practicing how to justify mitigation choices, not just list them.
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Karen Collins

2 months ago
Managing Teams and Individuals expect scenario questions that force you to choose between coaching, restructuring or reassigning tasks when a team misses targets, which test judgement on trade-offs. Study motivational theory, performance management tools and real-life delegation examples, I sat the L5M2 and passed, and the focused question sets from Pass4Success made it much easier to practice situational answers.
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Kenneth Bailey

3 months ago
Apportioning contractual risk between buyer and supplier tripped me up since the scenario blended indemnities and insurance obligations. I found drawing a simple table mapping clauses to risk owners made it easier.
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Ashley Adams

3 months ago
Another tricky area was separating contractual indemnities from operational supply chain risk in multi-tier suppliers, and for CIPS you need to be explicit about who ultimately carries residual risk.
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Matthew Reed

3 months ago
For the managing teams element I struggled with scenario prompts that wanted leadership style choices under ethical procurement pressures rather than textbook definitions.
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Joshua Walker

3 months ago
Agreeing with the table idea, I marked up the scenario to link each clause to potential financial impact which saved time in the answer.
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Thomas Torres

2 months ago
Interestingly, the L5M2 questions expected you to tie risk appetite into supplier KPIs, not just list risks, so demonstrate that connection.
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Amy Gonzalez

2 months ago
Sometimes the advanced contract finance parts demanded quick calculations on payment terms and exposures, which felt like an extra mini test within the paper.
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Casey

3 months ago
Just passed the exam! Final tip: Practice applying risk management concepts to different industries. The exam tests your ability to adapt strategies to various contexts.
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Precious

4 months ago
The sequence of risk assessment and mitigation planning was tough. pass4success practice exams helped me recognize the right order and key points to hit.
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Johnna

4 months ago
Just cleared the CIPS Managing Supply Chain Risk exam. The practice questions from Pass4Success were crucial. One difficult question was on Managing Supply Chain Risk, focusing on the role of contingency planning. I had to weigh the different approaches to developing a contingency plan.
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Doretha

4 months ago
If you're preparing for the CIPS Managing Supply Chain Risk exam, the Pass4Success practice exams are a must-try. They're a great way to identify your strengths and weaknesses.
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Monroe

4 months ago
The tricky questions on supplier risk and multi-tier visibility were brutal. Pass4Success practice exams gave me templates to structure my answers quickly.
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Dorethea

5 months ago
My heart raced at the thought of the exam, but Pass4Success turned nerves into strategy with concise summaries and mock exams. Stay persistent and positive—future candidates will succeed!
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Lashaunda

5 months ago
I passed the CIPS exam with flying colors, thanks to Pass4Success practice questions. A tricky question was about Advanced Contract and Financial Management, asking about the importance of contract lifecycle management. I was torn between its impact on cost savings and compliance.
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Iola

5 months ago
Studying for the CIPS Managing Supply Chain Risk exam can be overwhelming, but the Pass4Success practice tests really helped me stay focused and on track.
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Stanton

5 months ago
Passing the CIPS Managing Supply Chain Risk exam was a huge accomplishment for me, and the Pass4Success practice exams played a crucial role in getting me there.
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Sharee

6 months ago
The CIPS Managing Supply Chain Risk exam was a tough nut to crack, but the pass4success practice tests were instrumental in helping me develop a solid understanding of the key concepts.
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Freida

6 months ago
The exam covered ethical considerations in supply chain risk management. Be prepared to discuss ethical dilemmas and decision-making processes.
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Elliot

6 months ago
I struggled with supply chain disruption scenarios and mapping risk to controls. Pass4Success practice exams walked me through similar case questions step-by-step.
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Mirta

6 months ago
The hardest part for me was the risk quantification and probability-based questions. Pass4Success practice exams helped me drill those calculations until they felt second nature.
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Denise

7 months ago
If you're prepping for the CIPS Managing Supply Chain Risk exam, definitely check out the Pass4Success practice exams. They're a great way to simulate the real thing and fine-tune your strategy.
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Pok

7 months ago
Risk management in procurement was a key topic. Study risk considerations in supplier selection, contract management, and strategic sourcing.
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Rex

7 months ago
I felt anxious about time and tricky supplier risk cases, but Pass4Success provided targeted quizzes and feedback that built my confidence. Keep practicing steadily—your success is possible!
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Kris

7 months ago
Initial nerves almost overwhelmed me as I faced unfamiliar risk scenarios, yet Pass4Success organized the material into manageable chunks and offered realistic practice. Stay focused and trust the process—you can pass too!
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Gary

8 months ago
Thanks to Pass4Success for great prep materials! Expect questions on emerging risks in supply chains, such as those related to AI and automation.
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Caprice

8 months ago
Acing the CIPS Managing Supply Chain Risk exam was no easy feat, but the Pass4Success practice tests gave me the confidence and preparation I needed to succeed.
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Leonora

8 months ago
Happy to report that I passed the CIPS Managing Supply Chain Risk exam. Pass4Success practice questions were a great help. One question that puzzled me was about Managing Contractual Risk, specifically on the use of force majeure clauses. I wasn't sure about their scope and limitations.
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Maxima

8 months ago
I passed the CIPS exam, thanks to the Pass4Success practice questions. There was a challenging question on Managing Ethical Procurement and Supply, asking about the role of corporate social responsibility in procurement. I had to recall the different CSR frameworks.
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Hailey

9 months ago
Thrilled to announce that I passed the CIPS Managing Supply Chain Risk exam. The practice questions from Pass4Success were invaluable. One tough question was on Managing Teams and Individuals, focusing on the best way to motivate a remote team. I wasn't certain if regular check-ins or performance incentives were better.
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Tiera

9 months ago
Passing the CIPS Managing Supply Chain Risk exam was a game-changer for me. Pass4Success practice exams were a lifesaver - they really helped me identify my weak areas and focus my revision.
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Arlene

9 months ago
The exam tested knowledge of supply chain risk metrics. Familiarize yourself with common KPIs used to measure and monitor supply chain risks.
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Wendell

9 months ago
I was nervous before the exam, my hands were shaking thinking of the risk questions, but Pass4Success gave me a clear study plan and practice tests that boosted my confidence. You got this—believe in your preparation and go for it!
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Michel

10 months ago
I did it! Passed the CIPS exam with the help of Pass4Success practice questions. A memorable question was about Managing Supply Chain Risk, asking about the best practices for supplier risk assessment. I debated between qualitative and quantitative methods.
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Ilda

10 months ago
Excited to share that I passed the CIPS Managing Supply Chain Risk exam. The Pass4Success practice questions were spot on. One question that stumped me was about Advanced Contract and Financial Management, specifically on the role of performance bonds in contract security. I had to think hard about their benefits.
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Lovetta

10 months ago
Passed with flying colors! Be ready for questions on risk management in global supply chains. Understand unique challenges like geopolitical risks and currency fluctuations.
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Judy

10 months ago
CIPS exam conquered! Pass4Success provided the most relevant practice questions. Thank you!
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Cecil

10 months ago
I passed the CIPS exam, and the Pass4Success practice questions were a big help. A challenging question was about Managing Contractual Risk, asking about the best strategies for mitigating liability in contracts. I wasn't sure if insurance or limitation of liability clauses were more effective.
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Kristeen

10 months ago
The exam included questions on supply chain network design for risk mitigation. Study strategies like multi-sourcing and near-shoring.
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Kanisha

1 year ago
Short preparation time? No problem with Pass4Success. Their focused content was exactly what I needed.
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Dexter

1 year ago
Risk governance structures were tested in the exam. Understand the roles and responsibilities of different organizational levels in risk management.
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Judy

1 year ago
Pass4Success practice questions were spot-on! Expect to analyze case studies on supply chain risk events. Practice applying risk management concepts to real-world scenarios.
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Ira

1 year ago
Pass4Success lived up to its name - I passed the Supply Chain Risk exam with flying colors!
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Evette

1 year ago
The exam covered sustainable supply chain practices. Study how sustainability initiatives can mitigate environmental and social risks in supply chains.
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Evan

1 year ago
Just became CIPS certified! Pass4Success made the difference between pass and fail. Thanks!
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Cary

1 year ago
Just passed! Be prepared for questions on risk communication strategies. Understand how to effectively convey risk information to different stakeholders.
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Laura

1 year ago
Grateful for Pass4Success - their concise materials helped me pass the CIPS exam in record time.
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Zana

1 year ago
The exam included scenarios on supplier risk assessment. Know how to evaluate financial, operational, and reputational risks associated with suppliers.
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Dominga

1 year ago
Thanks to Pass4Success, I aced questions on risk quantification methods. Practice using techniques like Monte Carlo simulation and decision tree analysis.
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Laurel

1 year ago
Exam day stress? Not with Pass4Success! Their questions matched the actual test perfectly.
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Solange

1 year ago
Cyber security risks in supply chains were covered. Familiarize yourself with common threats and best practices for protecting supply chain data and systems.
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Terina

1 year ago
The exam tested knowledge of business continuity planning. Study the key components of a BCP and how it relates to supply chain risk management.
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Joesph

1 year ago
CIPS certified! Pass4Success materials were crucial for my success. Thank you for the relevant content!
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Ashton

1 year ago
Supply chain visibility was a recurring theme. Be ready to discuss technologies and practices that enhance transparency and traceability in supply chains.
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Rolande

2 years ago
Just cleared the CIPS Managing Supply Chain Risk exam. The practice questions from Pass4Success were crucial. One difficult question was on Managing Ethical Procurement and Supply, focusing on the impact of unethical practices on brand reputation. I had to weigh the long-term consequences.
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Trinidad

2 years ago
Pass4Success really helped me prepare! Expect questions on risk management frameworks like ISO 31000. Understand the key principles and process steps.
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Cary

2 years ago
Couldn't have passed without Pass4Success. Their practice tests were a lifesaver for last-minute prep!
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Cristen

2 years ago
The exam included questions on stakeholder management in risk contexts. Study techniques for identifying and engaging key stakeholders in risk management processes.
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Felton

2 years ago
I passed the CIPS exam with flying colors, thanks to Pass4Success practice questions. A tricky question was about Managing Teams and Individuals, asking about the best leadership style for a diverse team. I was torn between transformational and situational leadership.
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Brittni

2 years ago
Risk appetite and tolerance concepts appeared in my exam. Make sure you can explain the difference and how they influence risk management decisions.
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Aliza

2 years ago
Happy to report that I passed the CIPS Managing Supply Chain Risk exam. Pass4Success practice questions were a great help. One question that puzzled me was about Managing Supply Chain Risk, specifically on the use of technology in risk mitigation. I wasn't sure if blockchain or AI was more effective.
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Vicki

2 years ago
Aced the Supply Chain Risk exam! Pass4Success questions were incredibly similar to the real thing.
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Jeannetta

2 years ago
Heads up: The exam tests your knowledge of supply chain resilience. Be prepared to discuss strategies for building flexibility and redundancy into supply chains.
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Twanna

2 years ago
I passed the CIPS exam, thanks to the Pass4Success practice questions. There was a challenging question on Advanced Contract and Financial Management, asking about the role of financial hedging in contract management. I had to recall the different financial instruments used for hedging.
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Filiberto

2 years ago
Passed the exam thanks to Pass4Success! There were questions on risk monitoring and review processes. Study continuous improvement techniques and KPIs for risk management effectiveness.
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Ligia

2 years ago
Excited to announce that I passed the CIPS Managing Supply Chain Risk exam. The practice questions from Pass4Success were invaluable. One tough question was on Managing Contractual Risk, focusing on the implications of indemnity clauses. I wasn't certain about the legal ramifications but managed to answer it.
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Tarra

2 years ago
Passed CIPS certification! Pass4Success made a huge difference in my study plan. Highly recommend!
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Lynna

2 years ago
The exam covered risk transfer strategies in depth. Be familiar with insurance, contractual risk allocation, and outsourcing. Understand when each strategy is most appropriate.
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Ria

2 years ago
I did it! Passed the CIPS exam with the help of Pass4Success practice questions. A memorable question was about Managing Ethical Procurement and Supply. It asked about the best practices for ensuring supplier compliance with ethical standards. I debated between regular audits and third-party certifications.
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Leonor

2 years ago
Risk assessment matrices were a key topic in my exam. Practice interpreting and creating these matrices to evaluate likelihood and impact of risks. It's crucial for prioritizing risk management efforts.
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Lilli

2 years ago
Thrilled to share that I passed the CIPS Managing Supply Chain Risk exam. The Pass4Success practice questions were spot on. One challenging question was about Managing Teams and Individuals, specifically on how to handle team conflicts during a project. I wasn't sure if I should prioritize mediation or direct intervention.
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Winfred

2 years ago
Whew, that exam was tough! Glad I used Pass4Success materials - they really helped me prepare quickly.
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Daren

2 years ago
Exam tip: Expect scenarios on supply chain disruptions. You'll need to analyze potential impacts and suggest mitigation strategies. Focus on understanding different types of disruptions and their consequences.
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Bulah

2 years ago
Just passed the CIPS exam! The practice questions from Pass4Success were a lifesaver. There was a tricky question on Managing Supply Chain Risk that asked about the methods to identify potential supply chain disruptions. I had to think hard about the different risk assessment techniques.
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Erasmo

2 years ago
Just passed the CIPS Certified: Managing Supply Chain Risk exam! Be prepared for questions on risk identification techniques. Study common methods like SWOT analysis and brainstorming. Thanks to Pass4Success for the spot-on practice questions!
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Margot

2 years ago
I recently passed the CIPS Managing Supply Chain Risk exam, and I have to say, the Pass4Success practice questions were incredibly helpful. One question that really stumped me was about the key components of Advanced Contract and Financial Management. It asked about the importance of risk allocation in contract terms. I wasn't entirely sure about the best approach, but I managed to get through it.
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Noble

2 years ago
Just passed the CIPS Managing Supply Chain Risk exam! Thanks Pass4Success for the spot-on practice questions.
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Tran

2 years ago
Wow, that CIPS exam was tough! Grateful for Pass4Success - their materials made all the difference. Passed with flying colors!
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Malika

2 years ago
Successfully passed CIPS! Pass4Success's relevant practice questions were key to my quick preparation. Highly recommend!
upvoted 0 times
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Gianna

2 years ago
Aced the CIPS Supply Chain Risk exam! Pass4Success's resources were invaluable. Thanks for the efficient prep materials!
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Yolando

2 years ago
CIPS certified! Pass4Success's exam questions were a lifesaver. Prepared me perfectly in such a short time. Thank you!
upvoted 0 times
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Rosio

2 years ago
Just passed the CIPS Supply Chain Risk exam! Pass4Success's practice questions were spot-on. Thanks for helping me prepare so quickly!
upvoted 0 times
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Free CIPS L5M2 Exam Actual Questions

Note: Premium Questions for L5M2 were last updated On Jul. 07, 2026 (see below)

Question #1

Which of the following is an International Standard for Risk Management?

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Correct Answer: D

Risk Management = ISO31000. Learn the ISOs for the exam as it's a popular exam topic. 31000 is explained on p. 140. As well as the numbers, you should also learn the guiding principles of each ISO for the exam.


Question #2

Which of the following will you put into box 6?

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Correct Answer: D

The company should ensure they have the correct levels of Employer's Liability insurance as staff are getting injured. This transfers the risk to the insurance company. (I mean they should probably do something to stop the staff getting hurt too... but this is just an imaginary example question....)


Question #3

Which of the following statements are true about risk management? Select TWO.

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Correct Answer: B, D

The correct responses are 2 and 4: risk management is a continual process and helps companies ensure the smooth and successful running of P+S. These are direct quotes from p.3 of the study guide. The other answers are wrong- if risk management is a continuous process it's not something that is done once a year- so this option is automatically discounted. Option 1 is also wrong as you can never reduce all risks to 0, and option 5 is also wrong- risks can be treated and transferred, but they can also be tolerated and terminated.


Question #4

ISO 20400 represents what area of business?

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Correct Answer: D

ISO 20400 is Sustainable Procurement. This is from p. 51 of the study guide- as well as learning what the ISO numbers are, do also learn the key areas of each ISO as these come up in the exam.


Question #5

What is the purpose of an indemnity clause within a contract?

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Correct Answer: C

Indemnity clauses transfer risk from one party to another. It is an arrangement whereby one party promises to compensate the other party for a trigger event. An example of an indemnity clause could be a construction firm is building a new bridge and the project is supposed to be completed by 1st June. An indemnity clause may state that should the bridge not be ready by this date, the construction firm will compensate the buyer by X amount. See p.61 for more information on indemnity.


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