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PRINCE2 (PRojects IN Controlled Environments) is a widely recognized project management methodology that provides a structured approach to managing projects. The PRINCE2 methodology is based on best practices and has been developed as a result of years of experience in project management. The PRINCE2-Foundation (PRINCE2 Foundation written) Certification Exam is designed to test an individual's knowledge and understanding of the PRINCE2 methodology.
NEW QUESTION # 55
Which risk response is applied on a pain/gain basis?
- A. Accept
- B. Enhance
- C. Share
- D. Exploit
Answer: C
Explanation:
Explanation
Reference https://www.prince2primer.com/prince2-2017-risk-responses-and-planning/
NEW QUESTION # 56
A product can NOT be supplied to meet all of the requirements in its baselined Product Description. What first action should be taken?
- A. Write an Exception Report
- B. Amend the Work Package
- C. Raise a request for change
- D. Raise an off-specification
Answer: D
Explanation:
When a product cannot meet all the requirements specified in its baselined Product Description, the first action to take is to raise an off-specification. An off-specification is used in PRINCE2 to formally identify any forecasted deviation from the agreed product requirements or quality expectations. References:
PRINCE2 Foundation manual, PRINCE2 official resources
NEW QUESTION # 57
Which process is used to define how baselines will be established and controlled?
- A. Directing a project
- B. Starting up a project
- C. Initiating a project
- D. Controlling a stage
Answer: B
Explanation:
Explanation/Reference:
Reference http://prince2.wiki/Quality
NEW QUESTION # 58
What product would enable the Project Manager to review how a Work Package is performing against its cost tolerance?
- A. Checkpoint Report
- B. Configuration Item Record
- C. Quality Register
- D. Highlight Report
Answer: D
Explanation:
The Highlight Report in PRINCE2 is used by the Project Manager to review the performance of a Work Package against its cost tolerance, among other factors. This report provides the Project Board with a summary of the stage status, and is a key tool for monitoring overall project progress, including financial performance. References: PRINCE2 Foundation manual, PRINCE2 official resources
NEW QUESTION # 59
The project management team heeds t document quality antral events, such as testing According to the guidance for effective quality management, haw should the events be documented?
- A. In stage of team plans to allow mare accurate scheduling
- B. As acceptance criteria in the project product description
- C. In the quality management approach to plan the testing
- D. As quality tolerances in product descriptions
Answer: C
Explanation:
Quality control events, such as testing, should be documented in the 'Quality Management Approach' according to PRINCE2 guidelines. This document outlines how quality will be managed throughout the project, detailing specific methods and events, including schedules for quality assurance activities and testing, to ensure that products meet their defined quality criteria.
= PRINCE2 7 Foundation Training Manual and official PRINCE2 website documentation
NEW QUESTION # 60
What information should be recorded in the quality register?
- A. Off-specifications that will occur during the project
- B. Potential threats to the project's objectives and how they will be managed
- C. Lessons that the project will capture and use during the project
- D. Planned activities to determine whether the products are fit for purpose
Answer: C
Explanation:
Section: Volume B
Explanation/Reference: https://mplaza.pm/prince2-quality-register-template/
NEW QUESTION # 61
Identify the missing word in the following sentence.
The PRINCE2 method addresses project management with four integrated elements:
principles, themes, [ ? ] and tailoring PRINCE2 to the project environment.
- A. processes
- B. products
- C. activities
- D. quality
Answer: A
NEW QUESTION # 62
The application of which principle helps to define what should be included in a project?
- A. Manage by stages
- B. Defined roles and responsibilities
- C. Focus on products
- D. Continued business justification
Answer: A
Explanation:
Section: Volume B
NEW QUESTION # 63
If a project is part of a programme, which 'starting up a project' process activities are MOST likely to be reduced or eliminated?
- A. Appointing the project board and producing the project brief
- B. Producing the additional role descriptions and validating the project product description
- C. Planning the initiation stage and appointing the project manager
- D. Verifying the project approach and capturing previous lessons
Answer: D
Explanation:
If a project is part of a programme, the activities related to verifying the project approach and capturing previous lessons in the 'Starting up a Project' process are most likely to be reduced or eliminated. This reduction occurs because the programme likely provides a strategic framework and lessons learned that the project can adopt directly. References: PRINCE2 Foundation Training Manual; PRINCE2 2017 Foundation handbook.
NEW QUESTION # 64
Which common project context relates to the need to engage with external suppliers to deliver part of the project?
- A. Organizational
- B. Scale
- C. Commercial
- D. Delivery method
Answer: C
Explanation:
The need to engage with external suppliers for delivering parts of the project is commonly related to the
'Commercial' project context in PRINCE2. This context involves considerations around contractual arrangements, procurement, and the management of supplier relationships which are crucial for projects relying on external vendors for key components or services.
(PRINCE2 7 Foundation Handbook, AXELOS)
NEW QUESTION # 65
Identify the missing word in the following sentence.
The PRINCE2 method addresses project management with four integrated elements: principles, themes, [ ? ] and tailoring PRINCE2 to the project environment.
- A. processes
- B. products
- C. activities
- D. quality
Answer: A
NEW QUESTION # 66
Which should be funded by a change budget?
- A. Increase in agreed scope
- B. Increase in agreed scope
- C. Increase in agreed scope
- D. Handover activities
Answer: C
NEW QUESTION # 67
Why is the 'initiating a project' process used?
- A. To fully understand how the project objectives will be achieved before committing significant resources
- B. To decide which project approach is suitable for the project
- C. To enable corporate or programme management to give authorization to deliver a project
- D. To produce the required work packages
Answer: A
Explanation:
Explanation/Reference:
Reference https://www.whatisprince2.net/prince2-process-initiating-a-project.php
NEW QUESTION # 68
Which describes a risk effect?
- A. The uncertainty expressed as a negative or favourable occurrence
- B. The change in the status of a risk in response to actions taken to control it
- C. The issue which is affecting the project and has resulted in a risk
- D. The impact(s) on the project objectives should the threat or opportunity occur
Answer: D
Explanation:
Section: Volume B
NEW QUESTION # 69
Which is a benefit of using PRINCE2?
- A. Enables a Project Manager to be accountable for the success of a project
- B. Provides a defined structure of accountability, delegation, authority and communication
- C. Includes techniquesfor critical path analysis and earned value analysis
- D. Prevents any changes once the scope of a project has been agreed
Answer: B
NEW QUESTION # 70
Which theme provides all management levels within the project management team with mechanisms for monitoring and control?
- A. Organization
- B. Change
- C. Quality
- D. Progress
Answer: D
Explanation:
Section: Volume B
Explanation/Reference: https://www.whatisprince2.net/prince2-theme-progress.php
NEW QUESTION # 71
What should be considered when defining the number of management stages in a project?
- A. When project support will be available
- B. When highlight reports will be submitted
- C. When key decisions need to be made
- D. When the team managers are available
Answer: C
Explanation:
Section: Volume B
Explanation/Reference: https://www.prince2primer.com/prince2-management-and-technical-stages/
NEW QUESTION # 72
Which activity takes place within the Managing a Stage Boundary process?
- A. Take corrective action within the limits of a stage's tolerance
- B. Produce an Exception Plan
- C. Produce Highlight Reports
- D. Authorize a Stage Plan for the next stage
Answer: B
NEW QUESTION # 73
Identify the missing word in the following sentence. A member of the Project Board is responsible for [ ? ] assurance.
- A. product
- B. risk
- C. supplier
- D. quality
Answer: C
NEW QUESTION # 74
Which products, identified when creating a product breakdown structure, should each have a corresponding entry in the Risk Register?
- A. Those to be created outside the scope of the project
- B. Those that have been completed, but have NOT been quality checked
- C. Those that have been broken down into sub-products
- D. Those dependent on more than one other product
Answer: A
NEW QUESTION # 75
Which is shown in a product breakdown structure?
- A. In which order the products should be created
- B. Management stages, major products and control points
- C. What resources are required to develop the products
- D. The major products that are to be developed in a plan
Answer: D
NEW QUESTION # 76
Which are characteristics of stakeholders?
1. They are often affected by the project
2. They agree with every project objective
3. They are only/always external to the corporate organization
4. They typically interact with the project
- A. 2 and 3
- B. 3 and 4
- C. 1 and 2
- D. 1 and 4
Answer: D
Explanation:
Explanation
Reference https://www.prince2.com/blog/how-to-identify-stakeholders/
NEW QUESTION # 77
Identify the missing words in the following sentence. The role of [ ? ] is responsible for carrying out a risk response action to respond to a particular risk.
- A. the risk actionee
- B. Project Support
- C. the risk owner
- D. Project Assurance
Answer: A
Explanation:
Section: Volume B
NEW QUESTION # 78
Which is a description of a purpose of the communication management approach?
- A. To document how to use financial incentives to motivate project team members
- B. To document how the project team should control its interactions with stakeholders
- C. To document the responsibilities of project team members for testing whether products are acceptable to users
- D. To document for stakeholders the future business required to meet project objectives
Answer: B
Explanation:
The purpose of the 'communication management approach' is to document how the project team will control and manage its interactions with stakeholders. This includes detailing the methods and frequency of communication to ensure all parties are appropriately informed and engaged throughout the project lifecycle.
References: PRINCE27 Foundation guide on communication management.
NEW QUESTION # 79
Which plan provides the Business Case with costs during the Initiating a Project process?
- A. Team Plan
- B. Project Plan
- C. Initiation Stage Plan
- D. Stage Plan
Answer: B
Explanation:
During the Initiating a Project process in PRINCE2, the Project Plan provides the Business Case with necessary details, including cost estimates. This plan outlines the overall scope and timing of the project and sets the baseline for project management activities, including cost control. References: PRINCE2 Foundation manual, PRINCE2 official resources
NEW QUESTION # 80
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PRINCE2 Foundation is a globally recognized project management certification that validates an individual's understanding of the PRINCE2 methodology. PRINCE2 (Projects IN Controlled Environments) is a structured project management framework that provides guidelines for delivering successful projects. It is widely used in the public and private sectors, with over one million certified professionals worldwide.
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