Welcome to L5M4. This module is Advanced Contract and Financial Management

These practice questions are intended to be used alongside the CIPS Study Guide and will help students prepare for the L5M4 written exam.

Each of the 4 Learning Outcomes is covered, with a minimum of 10 essay questions you can practice per Learning Outcome. The practice papers provide example responses to each essay question with advice on what content to include and how to structure your essay.

Kindly note that CIPS publish new, never-before-seen questions each exam session. These practice questions reflect the same topics, but they may not reflect the exact questions you will receive in your exam.

Key Facts about this Module

- L5M4 is a core module of CIPS Level 5 – Advanced Diploma in Procurement and Supply

- It is a constructed response exam (essay based)

- The exam duration is 3 hours- you will be required to answer one question per learning outcome (4 in total).

- You will receive 12 credits for completing the exam

- The pass mark for the exam is 50%

- CIPS recommend you spend 120 hours studying for this exam.

- The content of the module includes measures to ensure and improve contract performance, strategic sourcing and financial aspects that may impact procurement and supply activity.