Welcome to CIPS L5M3 practice exams. This module is Managing Contractual Risk.These practice exams have been written by a professional teacher and are based on the questions in the real CIPS exam (as reported by students who have taken the exams in 2020).Each exam paper consists of 48 questions and is 1h30mins long - which is exactly what you will have in the exam. This is the perfect way to practice your timing for the real exam.There are two types of questions at Level 5 - multiple choice (with four possible answers) and \'drag and drop\' questions. These practice papers incorporate both types of question that you will get in the exam. As some students have noticed, some of the exam questions are not covered in the Study Guide. Where possible, I have included known exam topics that aren\'t in the Study Guide in these practice papers - so you shouldn\'t get caught out in the exam. Every question comes with a complete commentary detailing why the correct answer is correct - and references the page number in the Official CIPS Study Guide for further reading. The commentary also includes details on whether the topic is a common theme in the exam (i.e. there\'s likely to be lots of questions on this subject) as well as some links for additional reading on difficult topics. The pass mark for this exam is 70% (the same as the real exam)[please note that these exam papers are not word-for-word the questions in the real exam. That would be copywrite infringement. However, they are as similar as can be]Good luck with your exam!