SET Group are a start-up company trying to estimate the direct costs of materials for...

CIPS L4M2 Question Answer

SET Group are a start-up company trying to estimate the direct costs of materials for a project. The organisation has limited procurement records available. Would using general industry averages as a benchmark provide an accurate estimation of the project costs?

Yes, industry benchmarks are always kept up to date to consider real-time market conditions

No, the organisation will not have access to industry benchmarks as they are a new organisation

No, industry benchmarks do not consider specific specifications, quality requirements, or real-time market conditions

Yes, cost predictions do not need to be accurate as they are just an initial guess

CIPS L4M2 View All Questions

CIPS L4M2 Summary

Vendor: CIPS
Product: L4M2
Update on: Dec 8, 2025
Questions: 303

Price: $52.5 ~~$149.99~~

As the lead procurement manager you have been asked to compile a business case for...

A department is writing a business case for an expensive capital purchase.

Cyber Monday Sale Special Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: xmasmnth

SET Group are a start-up company trying to estimate the direct costs of materials for...

The Answer Is:

CIPS L4M2 Summary

Payments We Accept

Contact Us