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The PRINCE2 Foundation Exam is a certification exam that tests the knowledge and understanding of the PRINCE2 project management methodology. PRINCE2 (Projects IN Controlled Environments) is a widely-used project management framework that provides a structured approach to managing projects. The PRINCE2 Foundation Exam tests candidates on their understanding of the PRINCE2 framework, its principles, themes, processes and terminology.
NEW QUESTION # 69
Which of the following take place before the initiation of a project?
1.Appoint the Executive
2.Capture requirements
3.Develop the Project Brief
4.Develop the detailed Business Case
- A. 1, 2, 3
- B. 1, 2, 4
- C. 2, 3, 4
- D. 1, 3, 4
Answer: A
NEW QUESTION # 70
Which statement defines a risk?
- A. An uncertain event, or set of events that, should it or they occur, will be automatically escalated to the Project Board for a response
- B. A certain event occurring in the future that will have a negative impact on the project's objectives
- C. An event that has already occurred that the Project Manager must deal with immediately
- D. An uncertain event, or set of events that, should it or they occur, will have an effect on the achievement of objectives
Answer: D
Explanation:
In PRINCE2, a risk is defined as any uncertain event or set of events that, if it occurs, will have an impact on the achievement of project objectives. This definition emphasizes the uncertainty and potential effect on objectives, rather than the certainty or immediate occurrence of an event. References: PRINCE2 Foundation Training Manual; PRINCE2 2017 Foundation handbook.
NEW QUESTION # 71
Which is a purpose of a Risk Register?
- A. Capture risks that may occur during the project
- B. Capture issues which are impacting on the delivery of the project objectives
- C. Record the risk tolerance for the project
- D. Record how risk management activities will be undertaken on the project
Answer: A
Explanation:
Section: Volume B
Explanation/Reference:
NEW QUESTION # 72
Identify the missing word(s) in the following sentence. PRINCE2 recommends three levels of [ ? ] to reflect the needs of the different levels of management involved in a project.
- A. Time-driven controls
- B. Management strategies
- C. Plan
- D. Stakeholder interests
Answer: C
Explanation:
Section: Volume B
NEW QUESTION # 73
Which is a purpose of the Risk theme?
- A. Establish a method for the implementation of continuous improvement during the project
- B. Establish a cost-effective procedure to identify, assess and control risks
- C. Identify, assess and control problems that have occurred
- D. Provide the Project Board with a time-driven control to capture all project risks
Answer: B
Explanation:
The purpose of the Risk theme in PRINCE2 is to establish a cost-effective procedure to identify, assess, and control uncertainties or risks. This ensures that the project can cope with risks effectively. The Risk theme supports decision-making by improving the understanding of risks and their likely impact on achieving the project's objectives.References: PRINCE2 7 Foundation resources and study materials.
NEW QUESTION # 74
According to the 'exception management technique, which roles are MOST LIKELY to identity issues that exceed stage tolerances?
- A. Project manager AND team manager
- B. Project executive AND senior user
- C. Senior supplier AND team manager
- D. Project executive AND project manager
Answer: D
Explanation:
Under the 'exception management technique' in PRINCE2, the roles most likely to identify issues that exceed stage tolerances are the Project Executive and the Project Manager. The Project Manager monitors the project's progress against its plans and will identify any deviations that might breach the set tolerances. The Project Executive, being accountable for the project's overall success, also plays a crucial role in overseeing tolerance thresholds and taking appropriate actions when these are exceeded.References: (PRINCE2 7 Foundation Handbook, AXELOS)
NEW QUESTION # 75
Which is a purpose of the 'controlling a stage' process?
- A. To select and implement actions that will resolve deviations from a plan within tolerance
- B. To update a project plan to incorporate the actuals from a stage plan
- C. To obtain approvals for products delivered in a work package
- D. To produce a team plan for the work to be assigned to a team manager
Answer: A
Explanation:
Section: Volume B
Explanation/Reference: http://prince2.wiki/Controlling_a_Stage#Purpose
NEW QUESTION # 76
Where should a team manager look for information about the quality required for a product?
- A. Quality management approach
- B. Product description
- C. Project initiation documentation
- D. Team plan
Answer: B
Explanation:
Explanation
Reference http://prince2.wiki/Quality#The_Quality_Knowledge_provided_by_PRINCE2
NEW QUESTION # 77
Which is assumed to be a supplier's responsibility in the PRINCE2 customer/supplier environment?
- A. Specify the benefits of the project
- B. Pay for the project
- C. Provide the resources and skills to deliver the desired result
- D. Specify the desired result
Answer: C
Explanation:
In the PRINCE2 customer/supplier environment, the supplier's responsibility includes providing the resources and skills necessary to deliver the desired result. This involves ensuring that the necessary personnel, technology, and other resources are available to meet the project's requirements effectively.
References: PRINCE2 Foundation official study materials.
NEW QUESTION # 78
Which is a purpose of the 'closing a project' process?
- A. To establish mechanisms to judge whether the project is still viable
- B. To confirm the project has nothing more to deliver
- C. To provide the project board with information to judge the success of a stage
- D. To establish mechanisms for forecasting project objectives
Answer: B
Explanation:
Section: Volume B
Explanation/Reference: http://prince2.wiki/Closing_a_Project#Objective
NEW QUESTION # 79
Which aspect of project performance must be managed to ensure the project's products are fit for purpose?
- A. Benefits
- B. Risk
- C. Scope
- D. Quality
Answer: D
NEW QUESTION # 80
Which step in the issue and change control procedure considers alternative options for responding to an issue that is being managed formally?
- A. Capture
- B. Examine
- C. Propose
- D. Decide
Answer: C
Explanation:
Section: Volume A
Explanation
NEW QUESTION # 81
Why is the 'initiating a project' process used?
- A. To produce the required work packages
- 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 fully understand how the project objectives will be achieved before committing significant resources
Answer: D
Explanation:
Explanation/Reference:
Reference https://www.whatisprince2.net/prince2-process-initiating-a-project.php
NEW QUESTION # 82
Which is a responsibility of a Team Manager?
- A. Reviewing the status of the stage
- B. Producing Highlight Reports for the Project Manager
- C. Ensuring delivery of products in the Managing Product Delivery process
- D. Setting WorkPackage tolerances
Answer: C
NEW QUESTION # 83
Which is NOT one of the levels of plan recommended by PRINCE2?
- A. Stage Plan
- B. Project Plan
- C. Team Plan
- D. Benefits Review Plan
Answer: D
NEW QUESTION # 84
Which does the Executive need to ensure is in place before the project is initiated?
- A. All Work Packages are authorized
- B. The Project Initiation Documentation is complete
- C. An understanding of how the project will contribute to corporate objectives
- D. The Project Plan has been approved
Answer: C
NEW QUESTION # 85
Which level of management uses the mechanisms established by the Progress theme to control any unacceptable deviations?
- A. Only the Project Board
- B. Only corporate or programme management
- C. All levels of management
- D. Only the Project Manager
Answer: C
NEW QUESTION # 86
From whom does a Team Manager obtain approval for a completed product?
- A. Senior Supplier
- B. Project Manager
- C. The authority defined in the Product Description
- D. Project Support
Answer: C
NEW QUESTION # 87
Which role represents the stakeholders who will operate the project's products after the project is complete?
- A. Project manager
- B. Senior user
- C. Executive
- D. Senior supplier
Answer: B
Explanation:
In PRINCE2, the Senior User role represents the interests of those who will use the project's products, those for whom the products will enable benefits after the project is complete, and any others who might be affected by the project outputs. This role is essential in ensuring that the project delivers products that meet the users' needs and achieve the desired benefits for the organization. References: PRINCE2 7 Foundation Handbook and official training materials.
NEW QUESTION # 88
Which report must be used to inform the project board of a predicted deviation from agreed stage limits?
- A. Highlight report
- B. End stage report
- C. Checkpoint report
- D. Exception report
Answer: D
Explanation:
The Exception Report must be used to inform the project board of a predicted deviation from the agreed stage limits. This report is triggered when stage tolerances are forecasted to be exceeded, requiring the project board's decision on how to proceed with the project.References: = PRINCE2 7 Foundation handbook and online resources
NEW QUESTION # 89
Identify the missing word(s) in the following sentence. Quality assurance provides assurance to the [?] that the project is being conducted appropriately whilst Project Assurance provides the same assurance to all the project's stakeholders,
- A. corporate or programme management organization
- B. Project Manager
- C. Executive
- D. Supplier groups
Answer: A
NEW QUESTION # 90
Which is a purpose of the Directing a Project process?
- A. Enable overall control of a project to be exercised by the Project Board
- B. Establish the level of control required by the Project Board after initiation.
- C. Provide the information required to confirm if it is worthwhile to initiate a project
- D. Provide sufficient information so that the current stage can be reviewed and the next Stage Plan approved
Answer: A
Explanation:
Section: Volume A
NEW QUESTION # 91
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