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L4M2 Reliable Exam Cost | Test L4M2 Answers

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The CIPS L4M2 topics or syllabus are updated with the passage of time. To pass the CIPS L4M2 exam you have to know these topics. The CIPS L4M2 certification exam trainers always work on these topics and add their appropriate CIPS L4M2 exam questions and answers in the L4M2 exam dumps. These latest Defining Business Needs L4M2 exam topics are added in all CIPS L4M2 exam questions formats. You also get the opportunity to download the latest L4M2 PDF Questions and practice tests up to three months from the date of CIPS L4M2 exam dumps purchase. So rest assured that with CIPS L4M2 real dumps you will not miss even a single CIPS L4M2 exam questions in the final exam. Now take the best decision of your career and enroll in Defining Business Needs L4M2 certification exam and start this journey with Defining Business Needs L4M2 practice test questions.

CIPS L4M2 Certification Exam is an essential qualification for professionals looking to advance their careers in the field of business analysis. Defining Business Needs certification is specifically designed for individuals who are responsible for identifying and defining business needs within their organization. It is the second module in the Level 4 program and builds upon the foundation established in the L4M1 module.

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CIPS L4M2 certification exam is designed to test the knowledge and skills of individuals who are responsible for defining business needs and requirements. L4M2 exam covers a range of topics, including business analysis techniques, stakeholder management, requirements gathering and documentation, and business case development. L4M2 exam is designed to ensure that individuals have a thorough understanding of how to identify, analyze, and document business needs in a way that is clear, concise, and accurate.

Preparing for the CIPS L4M2 certification exam requires a comprehensive understanding of business needs, procurement strategy, and stakeholder management. Candidates can prepare for the exam through various study materials such as textbooks, online courses, and practice exams. L4M2 Exam consists of multiple-choice questions that test the candidate's understanding of procurement principles, best practices, and industry standards. Passing the CIPS L4M2 certification exam is a significant accomplishment for procurement professionals and can lead to career advancement opportunities.

CIPS Defining Business Needs Sample Questions (Q110-Q115):

NEW QUESTION # 110
A company is building a new two-storey office block and will need to purchase new desks and chairs. There will not be much space available. What should be included in the specification for these desks and chairs?

A. A brand name
B. Key performance indicators
C. A list of inputs
D. Technical drawings

Answer: B

NEW QUESTION # 111
Which of the following is the structured approach for defining customer requirements and translating them into technical specification?

A. Kano model
B. Thomas-Kilmann model
C. Mendelow's matrix
D. Quality function deployment

Answer: D

Explanation:
Quality function deployment (QFD) is a method to transform qualitative user demands into quantitative parameters, to deploy the functions forming quality, and to deploy methods for achieving the design quality into subsystems and component parts, and ultimately to specific elements of the manufacturing process.
Kano model of excitement and basic quality (Kano et al, 1984; Berger et al, 1993; Matzler et al, 1996) brings a different perspective for the analysis of improvement opportunities in products and services because it takes in consideration the asymmetrical and non-linear relationship between performance and satisfaction. The Kano model classifies customers requirements in five categories: basic requirements, performance requirements, attractive requirements, indifferent requirements and reverse requirements.
Mendelow's Matrix is a tool that may be used by an organisation to consider the attitude of their stakeholders at the start of a project or when they are setting out strategic objectives.
The Thomas Kilmann model identifies two dimensions when choosing a course of action in a con-flict situation, these are assertiveness and cooperativeness. Assertiveness is the degree to which you try to satisfy your own needs. Cooperativeness is the degree to which you try to satisfy the other person's concerns.

NEW QUESTION # 112
The procurement officer for Hunter Manufacturing has been tasked to procure a new manufacturing software management system. They have consulted all relevant internal stakeholders and have the following high-level requirements: flexibility throughout the project, and the supplier to recommend the best solutions for building the system. Which type of specification should be developed?

A. Design
B. Conformance
C. Performance
D. Technical

Answer: C

NEW QUESTION # 113
A large sports organisation requires some additional racing equipment to be built. It should match exactly the pre-determined technical specifications and requires exact compatibility. Which of the following specifications would be most appropriate?

A. Outcome specification
B. Performance specification
C. Conformance specification
D. Product specification

Answer: C

NEW QUESTION # 114
At which stage of through-life contract management, procurement team needs to identify sources of risk and the ways to mitigate them?

A. Contracting stage
B. Tendering stage
C. Supplier relationship stage
D. Specification stage

Answer: C

Explanation:
Risk management has become incredibly complex, especially for capital purchase which requires through-life contract. Any source of risks should be identified and closely managed from the specification stage.
There should be sufficient information in the specification to minimise risks later in the through-life contract.
Here is something to consider:
- Make sure the parties to the contract are clearly identified. This is particularly important if a prime contractor is being used. Allow them to subcontract elements of the specification.
- Clearly identify any testing and quality assurance procedures and who will perform them.
- Document every important aspect of the specification including a project plan
- Include a reasonable limitation of liability clause in the contract and reference it in the specifica-tion
- Identify any guarantees that are needed
- Be clear on what insurance will and will not cover
- Make sure there is clear audit trail of any changes to the specification together with approvals LO 3, AC 3.2

NEW QUESTION # 115
......

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