Practice Test for CIPS L4M7 - Whole Life Asset Management
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On completion of this practice test, learners will be able better prepared to take the CIPS Diploma exam for L4M7. The module explains methods of inventory storage and control and analyse the concept of whole life cost from concept through to disposal.
Whole life costing takes into account the total cost of a product or service over its lifetime, from concept through to disposal including purchase, hire or lease, maintenance, operation, utilities, training and disposal. Hence, it is important for those involved in the procurement and supply function to take all these elements into consideration when making decisions and comparing the costs of buying, renting or leasing equipment
It is a challenge to find practice tests to check the preparedness for the CIPS examinations especially under the new syllabus. As a person who has successfully completed the CIPS Level 6 Professional Diploma, I can fully understand the importance of practice tests. The passing of CIPS examination is no mean feat. You do not want to be under prepared and then fail the exams. This practice paper will not only increase your confidence but will assist you in achieving high scores in the examinations.
The practice test contains comments that gives an explanation of the right answer. It serves as a revision.
Connect with me on LinkedIn or through email and I will send you the lecture notes which will be useful for revision. Be Prepared. Best of Luck.
- Learners who are taking the CIPS Exams for L4M7 - Whole Life Asset management
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