CIPS Level 3 Module 1 Exam Questions With 100% Correct Answers

CIPS Level 3 Module 1 Exam Questions With 100% Correct Answers What does STEEPLED stand for? (External factors - macro environment) - answerSociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? - answerLess than 10 How many employees does a small business have? - answerLess than 50 How many employees does a medium business have? - answer250 or fewer What are the support activities of porters value chain model? - answerFirm infrastructure, human resource management, technology development and procurement What are the primary activities of porters value chain model? - answerLogistics, operations, marketing and sales and after sales service What is a BRD? - answerBusiness requirements definition - it answers the "what to buy" question and is based on the needs analysis from operations What does RAQSCI stand for? (a model for identifying business requirements) - answerRegulatory, assurance of supply, quality, service, cost and innovation What are the two types of field research? - answerQuantitative research (statistical information) and qualitative research (peoples opinions) What are the 4 categories of the Kraljic matrix? - answerCritical, strategic, tactical and leverage What is a situation target proposal (STP)? - answerIt is a statement that describes the current situation, paints the vision of the target and lists the elements to be used to get to the target What are SMART objectives? - answerSpecific, Measurable, Achievable, Realistic, Timely What is force majeure? - answerForce majeure is a powerful and unexpected event, such as hurricane or other disaster, which prevent a contract from being fulfilled What is commissioning? - answerIt is the process of deciding what to spend money on in the public sector