Independence Day Deal! Unlock 25% OFF Today – Limited-Time Offer - Ends In 00:00:00 Coupon code: SAVE25

- Free Preparation Discussions

CIPS Exam L3M3 Topic 1 Question 15 Discussion

Actual exam question for CIPS's L3M3 exam

Question #: 15
Topic #: 1

[All L3M3 Questions]

Periodic progress reports may be required by a contract manager. Part of this could include reporting actual progress against planned progress. In many cases, achievement of planned stages would result in (part-) payment(s) being released to the contractor. Which one of the following terms might be the most appropriate title for a plan underpinning this approach, to ensure value for money, and payment linked to actual progress?

APart-payment plan

BMilestone / gateway plan

CStage or staged plan

DRoadmap or road sign plan

Show Suggested Answer

Suggested Answer: D

Inability to touch something.

Services are intangible, which may present challenges when specifying / buying.

by Louann at Jul 09, 2024, 09:32 PM

Limited Time Offer

25%

Off

Get Premium L3M3 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Garry

1 months ago

Ooh, 'Milestone / gateway plan' (B) - it's like a treasure hunt, but with money as the prize!

upvoted 0 times

...

Avery

1 months ago

Haha, a 'Part-payment plan' (A)? Might as well call it the 'Drip-feed plan' or the 'Nickel and dime plan'.

upvoted 0 times

Marguerita

10 days ago

A) Part-payment plan

upvoted 0 times

...

...

Tonette

2 months ago

Well, a 'Roadmap or road sign plan' (D) just sounds like it's trying too hard to be fancy. I'll stick with the straightforward 'Milestone / gateway plan'.

upvoted 0 times

Lavonna

25 days ago

I think 'Part-payment plan' (A) might be too focused on the financial aspect.

upvoted 0 times

...

Shannan

1 months ago

'Stage or staged plan' (C) could also work well for tracking progress.

upvoted 0 times

...

Renea

1 months ago

I agree, 'Milestone / gateway plan' (B) sounds clear and to the point.

upvoted 0 times

...

...

Felix

2 months ago

C) Stage or staged plan would be my pick. It directly aligns with the idea of reporting progress against planned stages.

upvoted 0 times

Vinnie

4 days ago

Maybe a combination of B) Milestone / gateway plan and C) Stage or staged plan would be the most effective approach.

upvoted 0 times

...

Talia

9 days ago

I see your point, but I still think C) Stage or staged plan is the best option for linking payment to progress.

upvoted 0 times

...

Frank

19 days ago

I think B) Milestone / gateway plan could also work well for monitoring progress.

upvoted 0 times

...

Ammie

1 months ago

I agree, C) Stage or staged plan makes the most sense for tracking progress.

upvoted 0 times

...

...

Hassie

2 months ago

B) Milestone / gateway plan seems like the most appropriate title for this approach. Linking payments to actual progress makes a lot of sense.

upvoted 0 times

Aleta

15 days ago

It's a fair way to ensure value for money and keep the project on track.

upvoted 0 times

...

Barb

17 days ago

Having clear milestones helps track progress effectively.

upvoted 0 times

...

Merilyn

23 days ago

It ensures that the contractor is meeting specific milestones before receiving payment.

upvoted 0 times

...

Roslyn

1 months ago

I think Milestone / gateway plan is the most suitable title for ensuring value for money and payment linked to actual progress.

upvoted 0 times

...

Roslyn

1 months ago

I agree, Milestone / gateway plan sounds like the best option for linking payments to actual progress.

upvoted 0 times

...

Raymon

1 months ago

I agree, Milestone / gateway plan is a good choice for linking payments to actual progress.

upvoted 0 times

...

...

Cassandra

2 months ago

I'm not sure, but Stage or staged plan could also work for ensuring value for money.

upvoted 0 times

...

Alysa

2 months ago

I agree with Valentine. Milestone / gateway plan makes sense for linking payment to actual progress.

upvoted 0 times

...

Valentine

3 months ago

I think the most appropriate title would be Milestone / gateway plan.

upvoted 0 times

...

az-700 pass4success az-104 200-301 200-201 cissp 350-401 350-201 350-501 350-601 350-801 350-901 az-720 az-305 pl-300

Warning: Cannot modify header information - headers already sent by (output started at /pass.php:70) in /pass.php on line 77