CIPS Diploma L4M7 (Core): Whole-Life Asset Management
Description
Course Overview
This core module in the Diploma in Procurement and Supply is designed to help students thoroughly prepare for their CIPS exam. The practice questions are developed based on the official CIPS Book (Copyright ©CIPS 2023), with updates to the current version in progress. Each question comes with a detailed explanation, including references to the relevant page number and paragraph, ensuring a comprehensive learning experience.
Key Benefits of This Course
Students enrolling in this course will gain the following advantages:
143 unique, carefully crafted questions.
6 practice tests in total, including:
5 practice tests based on Learning Outcomes (83 questions).
1 full mock exam (60 questions).
Self-assessment tools to track your progress and readiness.
Proportionate coverage of all Learning Outcomes, ensuring a balanced understanding of each topic.
Meticulous explanations for every question, with clear references to the CIPS study material.
Designed to help you pass your CIPS exam on your first attempt.
Updated content, aligned with the latest syllabus.
Learning Outcomes
Upon completing this module, learners will be able to explain methods of inventory management, perform inventory analysis, and understand the concept of whole-life asset management. This includes the full lifecycle of a product or service, from inception to disposal, covering aspects like purchase, hire, lease, maintenance, operation, utilities, training, and final disposal. For procurement professionals, these elements are crucial when evaluating whether to buy, rent, or lease equipment.
This course is especially suited for those responsible for the whole-life management of assets, enabling learners to analyze inventory movement and control methods, and grasp the concept of whole-life asset cost.
Comprehensive Practice Questions
The questions are designed to enhance learners’ understanding of key concepts in whole-life asset management. They provide a thorough grasp of inventory control methods and the total cost of ownership. Upon completing the practice tests, learners will be able to:
Analyze, interpret, and evaluate relevant information related to asset management.
Gain a well-rounded awareness of different perspectives and approaches in procurement and supply.
Prepare for real-world questions they may face in the CIPS exam.
Practice Test Experience
After completing each of the six practice tests, learners will be able to assess their preparation level. The questions follow the official CIPS exam format, giving participants a realistic experience of what to expect in the actual exam.
Once a test is completed, participants will receive immediate feedback on their scores, helping them understand their preparation level for each Learning Outcome. Each question is accompanied by detailed explanations—sometimes including graphs, charts, tables, or links—to clarify the reasoning behind the correct answer. The explanations also reference the relevant page and Learning Outcome from the CIPS Module Book to facilitate easy cross-referencing.
Disclaimer
These practice tests are created solely for exam preparation and to help MCIPS candidates better understand the concepts covered in the CIPS Study Guide. The questions and answers provided do not necessarily represent the official views of CIPS. It is recommended that participants review the CIPS Study Guide before making any decisions. These tests are a supplementary tool and are not a substitute for the official CIPS Study Guide.
Who this course is for:
- Anyone planning a career in procurement and supply chain management.
Instructor
- 4.5 Instructor Rating
- 228 Reviews
- 1,937 Students
- 25 Courses
Rashed Morshed FCIPS, PMP, PEng.
Rashed Morshed currently serves as the Head of Procurement at Bangladesh China Power Company Ltd. With over 20 years of experience in both the public and private sectors, he has worked in procurement and supply chain management for notable organizations such as The World Bank, DESCO, the Ministry of Education (GoB), and ACI. He also holds the position of Secretary at the CIPS Bangladesh Branch.
Since 2011, Rashed has been teaching CIPS courses at institutions like BIGD, BRAC University, and ESCB, where he has built a strong expertise in CIPS assessments and has guided many students through the certification process. He is also recognized as a National Procurement Trainer for the Government of Bangladesh and an e-GP Trainer, frequently conducting workshops for public and private officials. In addition to CIPS, he is an active PMP trainer and adjunct faculty member at several institutions, including BIGD, BRACU, ESCB, and BPMI.
Rashed has been a keynote speaker at various national seminars on topics such as EPC and turnkey contracts, public procurement, supply chain management, and project management. He has also designed and developed training courses, including a Certificate Course on SCM, PMP Exam Facilitation Course, and public procurement short courses. He is the author of "Improving Performance of Store Management," published by LAP LAMBERT, and co-author of "Readiness for Integrating Sustainability Issues in the Public Procurement Process of Bangladesh," published in IJEBEA.
Passionate about teaching, Rashed has helped over 500 CIPS students improve their careers. He considers it an honor if his guidance and resources help students pass their CIPS exams on the first attempt.