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NEW QUESTION # 273
What is a goal of the 'implement' step within the recommended risk management procedure?
- A. To prepare specific management responses to identified risks
- B. To estimate the risk to the project in terms of probability and impact
- C. To communicate information related to the risks faced by the project
- D. To monitor the effectiveness of actioned risk responses
Answer: B
Explanation:
Section: Volume B
NEW QUESTION # 274
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. activities
- B. products
- C. processes
- D. quality
Answer: C
Explanation:
Explanation/Reference:
Reference http://www.innolead.co.bw/index.php/inno-content/cid/27/prince2/
NEW QUESTION # 275
A product can NOT be supplied to meet all of the requirements in its baselined Product Description. What first action should be taken?
- A. Raise a request for change
- B. Raise an off-specification
- C. Write an Exception Report
- D. Amend the Work Package
Answer: B
NEW QUESTION # 276
Which is a purpose of the Quality theme?
- A. Determine the communication needs of the organization's quality assurance function
- B. Establish quality assurance to maintain the quality management system
- C. Establish how the project will ensure that all products created meet their requirements
- D. Identify all the products of the project to ensure the scope has been adequately defined
Answer: C
Explanation:
The primary purpose of the Quality theme in PRINCE2 is to establish and maintain the processes and procedures that will ensure all products created during the project meet the predefined quality requirements.
This includes planning, assurance, and control of quality. The Quality theme focuses on defining and implementing quality standards that the project must adhere to, rather than dealing directly with broader organizational quality assurance or the project scope.
PRINCE2 7 Foundation handbook and other official documents.
NEW QUESTION # 277
Which is a purpose of the Risk theme?
- A. Identify, assess and control problems that have occurred
- B. Establish a cost-effective procedure to identify, assess and control risks
- C. Provide the Project Board with a time-driven control to capture all project risks
- D. Establish a method for the implementation of continuous improvement during the project
Answer: B
NEW QUESTION # 278
Which process is triggered towards the end of the final stage when all the assigned work has been completed?
- A. Managing a Stage Boundary
- B. Managing Product Delivery
- C. Closing a Project
- D. Controlling a Stage
Answer: C
NEW QUESTION # 279
Which activity takes place within the Managing a Stage Boundary process?
- A. Produce Highlight Reports
- B. Authorize a Stage Plan for the next stage
- C. Take corrective action within the limits of a stage's tolerance
- D. Produce an Exception Plan
Answer: D
NEW QUESTION # 280
Identify the missing word(s) in the following sentence.
Following initiation, the Controlling a Stage process is used to manage and control each [ ? ] of a project.
- A. benefit
- B. technical stage
- C. Team Plan
- D. management stage
Answer: D
NEW QUESTION # 281
The project manager needs to document how risk management will be undertaken during the project.
In which step of the 'risk management' technique should the project manager document this?
- A. Identify: define context and objectives
- B. Assess: combine risk profile
- C. Identify: identify threats and opportunities
- D. Assess: prioritize risks
Answer: A
Explanation:
The step where the project manager needs to document how risk management will be undertaken during the project is during the "Identify: define context and objectives" step of the risk management technique. This initial step is crucial for setting the scope and objectives of risk management activities, providing a framework for identifying, assessing, and managing risks throughout the project.
(PRINCE2 7 Foundation Handbook, AXELOS)
NEW QUESTION # 282
Which action should the project manager take to ensure effective progress management when a team manager is inexperienced?
- A. Increase the frequency of checkpoint reports
- B. Allow the team manager more flexibility to exceed cost tolerance
- C. Increase the frequency of event-driven controls
- D. Increase the frequency of escalations by the team manager
Answer: A
Explanation:
When a team manager is inexperienced, increasing the frequency of checkpoint reports can provide the project manager with more frequent updates on progress and issues. This allows for quicker identification and resolution of problems, thus maintaining better control over the project's progress and supporting the team manager more effectively.References: = PRINCE2 7 Foundation Training Manual and official PRINCE2 website documentation
NEW QUESTION # 283
Which action should the project manager take during the 'assessing issues' step?
- A. Gain project board feedback on the Issue priority
- B. Consider the impact of alternative options for resolution
- C. Create an exception plan tor project board approval
- D. Determine the initial priority of the issue that has been raised
Answer: B
Explanation:
During the 'assessing issues' step, the project manager should consider the impact of alternative options for resolution. This involves evaluating different ways to address the issue, assessing their potential impacts on the project's objectives, timescales, costs, and risks, and then proposing the most appropriate solution for decision by the project board.
= PRINCE2 7 Foundation handbook and online resources
NEW QUESTION # 284
Which plan should only be produced if the project is large and complex enough?
- A. Project plan
- B. Stags plan
- C. Exception plan
- D. Team plan
Answer: D
Explanation:
In PRINCE2, a Team Plan is a type of plan that might only be produced for very large or complex projects. It is typically more detailed and is specifically designed to manage a segment of the project within a certain team or group. This plan provides detailed guidance on the delivery of the products assigned to the team within the constraints set by the Stage Plan.
(PRINCE2 7 Foundation Handbook, AXELOS)
NEW QUESTION # 285
Identify the missing words in the following sentence.
The 'managing a stage boundary' process should be executed [ ? ] a management stage.
- A. when a stage plan has been prepared for
- B. at the beginning of
- C. when all the delivery steps have been completed within
- D. at, or close to the end of,
Answer: D
Explanation:
Section: Volume B
Explanation/Reference: https://publications.axelos.com/Prince2Agile2015/content.aspx?
showNav=true&expandNav=true&page=cros_131
NEW QUESTION # 286
What must be included in the risk management approach, as a minimum requirement for applying the risk theme?
- A. An explanation of the company's risk appetite
- B. The names of the assigned actionees for each risk
- C. A description of the risk management procedure
- D. Estimations of the likelihood and impact of risks
Answer: C
Explanation:
The Risk Management Approach in PRINCE2 must include, at a minimum, a description of the risk management procedure. This description outlines how risks will be identified, assessed, and controlled throughout the project, ensuring that risk management is systematic and effective. References: PRINCE2 7 Foundation Handbook and official training materials.
NEW QUESTION # 287
Which is a purpose of a Product Description?
- A. Define reporting frequency
- B. Record the quality checks completed for the End Stage Report
- C. Provide the cost tolerance available for individual products
- D. Document the level of quality required of a product
Answer: D
NEW QUESTION # 288
The project board is reviewing the project initiation documentation (PID) to decide whether the project should continue or close. What should the project board ensure the PID is aligned with?
- A. The business' existing governance practices
- B. The ways of working used on previous projects
- C. The business objectives
- D. The project's delivery method
Answer: C
Explanation:
hen the project board reviews the Project Initiation Documentation (PID), it is essential to ensure that the PID is aligned with the business objectives. The PID should encapsulate the project's definition, including the reasons for undertaking the project, the benefits expected, and how it aligns with the broader business goals.
Ensuring this alignment helps validate that the project remains viable and worthwhile as it progresses.
(PRINCE2 7 Foundation Handbook, AXELOS)
NEW QUESTION # 289
What is the first task of product-based planning?
- A. Identify dependencies
- B. Produce the Initiation Stage Plan
- C. Create the product breakdown structure
- D. Write the Project Product Description
Answer: D
NEW QUESTION # 290
Which is a true statement about PRINCE2 event-driven controls.
- A. Checkpoint Reports are event-driven controls
- B. Event-driven controls are used for decision making
- C. Event-driven controls are produced at the frequency defined in a Work Package
- D. Event-driven controls take place at predefined periodicintervals
Answer: B
NEW QUESTION # 291
In which product does a Project Manager define the time and cost tolerances for the work to be done by a Team Manager?
- A. Stage Plan
- B. Work Package
- C. Product Description
- D. Team Plan
Answer: B
NEW QUESTION # 292
Why is change management important in a project?
- A. It provides a controlled and bidirectional flow of information to key Influencers
- B. It provides processes and management products to use when requesting a change
- C. It provides clarity on how the culture of an organization needs to adapt over time
- D. It provides confidence that the project can meet is objectives and has continued business Justification
Answer: B
Explanation:
Change management is important in a project because it provides structured processes and management products to manage and implement changes effectively. This ensures that all changes are assessed, approved, managed, and documented properly, helping the project adapt to changes while maintaining control and alignment with project objectives. References: PRINCE2 Foundation official resources and training on change management.
NEW QUESTION # 293
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The PR2F (PRINCE2 Foundation written) certification exam is a fundamental qualification for professionals in project management, particularly those with an interest in PRINCE2 methodology. PRINCE2 7 Foundation written Exam certification provides an understanding of the principles, themes, and processes of PRINCE2, enabling professionals to manage projects effectively and efficiently. Rich with global recognition, this certification serves as a stepping-stone for project managers who aspire to advance their careers.
EXIN PR2F is a certification exam that tests the knowledge of the PRINCE2 methodology at the foundation level. PRINCE2 stands for Projects IN Controlled Environments and is a widely used project management framework. EXIN PR2F is a written exam that assesses a candidate's understanding of PRINCE2 principles, processes, themes, and techniques.
PRINCE2 Foundation certification is ideal for individuals who are new to project management or have some experience in project management but want to learn a structured approach to manage projects. PRINCE2 7 Foundation written Exam certification is also suitable for individuals who want to work in a PRINCE2 environment or are part of a project team that uses PRINCE2. PRINCE2 7 Foundation written Exam certification provides a common language and framework for project management, which helps in effective communication and collaboration among team members.
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