CIPS Updated L5M8 Exam Questions and Answers by reign

In Cox’s Stepladder model,mergers and acquisitionsare not part of buyer–supplier relationship levels. They are described as acore competency, representing full organisational integration beyond contractual relationships.

The final step in the lifecycle is thereview stage, following closure. It evaluates project success against objectives and captures lessons learned for future improvement.

For large/complex initiatives,Senior UsersandSenior Suppliersare commonly represented (e.g., via user and supplier advisory groups) to reflect those affected and those providing key deliverables.