CIPS L5 Advanced Diploma

L5M3 Managing Contractual Risk

Comprehensive practice questions, covering each learning outcome of the module, with correct answer explanations. Created by our expert tutors to replicate the style and content of questions you will find in your exam.

Course curriculum

  • 1

    Chapter 1 - The impact of ethics and sustainability in supply chains

    • LO|1.1 Identify the issues relating to the formation of contracts and the associated risks

    • LO|1.2 Analyse the implications of the various elements of contractual documentation and process on overall risk

    • Practice Questions
  • 2

    Chapter 2 – The impacts of breach of contract and coping strategies and provisions that are available

    • LO|2.1 Analyse the different levels of breach of contract and their impact

    • LO|2.2 Compare and contrast the tools and techniques available to resolve a breach of contract

    • LO|2.3 Explain different organisational responses to a breach of contract

    • Practice Questions
  • 3

    Chapter 3 – The legal implications of contractual non-conformance in procurement and supply

    • LO|3.1 Contrast remedies that apply to the non-performance in contracts in procurement and supply

    • LO|3.2 Analyse the legal consequences of terminating a relationship in procurement and supply

    • LO|3.3 Compare mechanisms for dispute resolution for resolving conflicts in procurement and supply

    • Practice Question