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NEW QUESTION # 52
Which process provides information for the project board to review an updated project plan?
- A. Initiating a project
- B. Controlling a stage
- C. Directing a project
- D. Managing a stage boundary
Answer: D
Explanation:
The process that provides information for the project board to review an updated project plan is 'Managing a Stage Boundary'. This process involves preparing the information needed for the project board to review the current stage's performance, reassess the project viability, and make decisions regarding the next stage, including updates to the project plan if necessary.References: PRINCE2 Foundation Manual
NEW QUESTION # 53
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. Plan
- B. Stakeholder interests
- C. Management strategies
- D. Time-driven controls
Answer: A
Explanation:
Section: Volume B
NEW QUESTION # 54
Which product is created in the 'starting up a project' process to define and confirm the scope of the project?
- A. Initiation stage plan
- B. Project initiation documentation
- C. Project brief
- D. Project mandate
Answer: C
Explanation:
The Project Brief is created during the Starting up a Project process. It defines and confirms the scope of the project, providing a foundation for the Initiation Stage and ensuring that all project stakeholders have a clear understanding of the project's objectives and scope. References: PRINCE2 Foundation Training Manual; PRINCE2 2017 Foundation handbook.
NEW QUESTION # 55
How should the "managing a stage boundary' process be used towards the end of a project's final delivery stage?
- A. To implement any exception plan requests from the project board
- B. To review an issue received from a team manager
- C. To create a benefits management approach for corporate, programme management or the customer
- D. To plan the activities of the closing a project' process
Answer: D
Explanation:
The "Managing a Stage Boundary" process should be used towards the end of a project's final delivery stage to plan the activities of the "Closing a Project" process. This includes preparing for the closure of the project by confirming project deliverables, ensuring all project work is completed and approved, and planning the activities that will ensure the project is formally closed and reviewed.References: = PRINCE2 7 Foundation handbook and online resources
NEW QUESTION # 56
Which is a responsibility of the managing level within the project management team?
- A. Ensure that the products are produced within the constraints agreed with the Project Board
- B. Set project tolerances
- C. Approve stage completion
- D. Appoint the project management team
Answer: A
NEW QUESTION # 57
Which is the first task of PRINCE2's recommended approach to 'defining and analyzing the products'?
- A. Documenting the plan
- B. Creating a product flow diagram
- C. Writing a project product description
- D. Writing the product description
Answer: C
Explanation:
The first task in PRINCE2's recommended approach to 'defining and analyzing the products' is writing the Project Product Description. This document outlines what the project must deliver in order to gain acceptance. It serves as the basis for defining and analyzing more detailed product descriptions later in the process. References: PRINCE2 7 Foundation Handbook and official training materials.
NEW QUESTION # 58
Which is a purpose of the Controlling a Stage process?
- A. Obtain approvals for products delivered in a Work Package
- B. Select and implement actions that will resolve deviations from a plan within tolerance
- C. Produce a Team Plan for the work to be assigned to a Team Manager
- D. Update a Project Plan to incorporate the actuals from a Stage Plan
Answer: B
NEW QUESTION # 59
Which is an objective of the Closing a Project process?
- A. Review the performance of the project against its baseline
- B. Perform any post-project reviews
- C. Create a Benefits Review Plan
- D. Review and approve the plan for project closure
Answer: A
Explanation:
The objective of the Closing a Project process in PRINCE2 includes reviewing the performance of the project against its baseline. This ensures that all objectives have been achieved, the project has delivered the required products, and stakeholders are satisfied with the outcomes. It provides a formal closure to the project by ensuring all project work is completed and assessed. References: PRINCE2 Foundation manual, PRINCE2 official resources
NEW QUESTION # 60
What theme estimates the cost of delivering the project?
- A. Plans
- B. Progress
- C. Business Case
- D. Change
Answer: A
Explanation:
Section: Volume B
NEW QUESTION # 61
Which aspect of project performance must be managed to avoid misunderstandings on what the project is to deliver?
- A. Scope
- B. Risk
- C. Timescale
- D. Costs
Answer: A
NEW QUESTION # 62
According to the 'manage by exception' principle, which aspect of performance sets limits against the cost of aggregated threats?
- A. Scope
- B. Cost
- C. Risk
- D. Quality
Answer: B
Explanation:
The principle of 'manage by exception' in PRINCE2 involves setting limits on delegated authority concerning time, cost, quality, scope, risk, and benefits. Here, the aspect of performance that sets limits against the cost of aggregated threats is "Cost". This includes setting tolerances for what can be considered acceptable deviations from the plan before an issue needs to be escalated to a higher authority. Managing by exception helps in efficient use of management time and focuses on deviations that might affect the project's success.References: (PRINCE2 7 Foundation Handbook, AXELOS)
NEW QUESTION # 63
Which term is defined as a product that will not meet is quality specifications?
- A. Problem
- B. Request for change
- C. Off-specification
- D. Concern
Answer: C
Explanation:
The term 'off-specification' is defined as a product that will not meet its quality specifications. This indicates a variance from what was agreed upon in the product description, requiring attention and potentially corrective action to ensure the project's outputs meet the required standards. References: PRINCE2 Foundation glossary and project documentation guidelines.
NEW QUESTION # 64
Which PRINCE2 principle is being applied when tolerances are set for the three levels of plan?
- A. Manage by stages
- B. Learn from experience
- C. Continued business justification
- D. Manage by exception
Answer: A
Explanation:
Reference https://www.whatisprince2.net/prince2-theme-plans.php
NEW QUESTION # 65
Which level of management sets the project level tolerances?
- A. Project manager
- B. Corporate, programme management or the customer
- C. Project board
- D. Team manager
Answer: A
Explanation:
Section: Volume B
Explanation/Reference:
Reference http://prince2.wiki/Manage_by_exception
NEW QUESTION # 66
Which is a difference between management and technical stages?
- A. Management stages require planning and technical stages do not
- B. Management stages deliver products and technical stages do not
- C. Technical stages can overlap and management stages cannot
- D. Technical stages require resources and management stages do not
Answer: C
NEW QUESTION # 67
Which is a benefit of using PRINCE2?
- A. It enables a project manager to be accountable for the success of a project
- B. It includes techniques for critical path analysis and earned value analysis
- C. It promotes consistency of project work and the ability to reuse project assets.
- D. It prevents any changes once the scope of a project has been agreed
Answer: C
Explanation:
PRINCE2 benefits organizations and project management by promoting consistency across project work and facilitating the reuse of project assets. This includes methodologies, processes, and lessons learned which enhance efficiency and effectiveness in managing projects, thereby contributing to consistent project success and resource optimization.References: = PRINCE2 7 Foundation handbook and online resources
NEW QUESTION # 68
What is a benefits management approach used to assess?
- A. How the project's products have performed when in operational use
- B. The effectiveness of the project strategies
- C. How the project has progressed against its plans
- D. The suitability of the project management team structure
Answer: A
Explanation:
Section: Volume B
Explanation
Explanation/Reference:
Reference https://mplaza.pm/prince2-benefits-management-approach-template/
NEW QUESTION # 69
Which is an assumption about the PRINCE2 customer/supplier environment?
- A. The supplier will pay for the project
- B. The customer will specify the desired result
- C. The supplier will tailor the project's application of PRINCE2
- D. The customer will provide the resources to deliver the products
Answer: B
Explanation:
Section: Volume B
NEW QUESTION # 70
Which is a step in the recommended approach to 'defining and analyzing the products'?
- A. Identifying activities and dependencies
- B. Preparing estimates
- C. Designing a plan
- D. Writing a project product description
Answer: D
Explanation:
A key step in the recommended approach to 'defining and analyzing the products' in PRINCE2 is writing a Project Product Description. This description captures the purpose, composition, derivation, and acceptance criteria of the project's main deliverable. References: PRINCE2 Foundation Training Manual; PRINCE2
2017 Foundation handbook.
NEW QUESTION # 71
Which describes a risk event?
- A. The derivation or sources of a potential risk to the project
- B. The area of uncertainty in terms of the threat or opportunity
- C. The sequence of events and actions that will be put in place if a risk occurs
- D. The achievement of a milestone on the project plan
Answer: B
Explanation:
Section: Volume B
Explanation/Reference: http://prince2.wiki/Risk
NEW QUESTION # 72
Which describes user's quality expectations?
- A. They are documented in the project product description
- B. They are documented in the quality management approach
- C. They are documented in the product descriptions
- D. They are documented in the stage plan
Answer: A
Explanation:
User's quality expectations are documented in the 'Project Product Description.' This document defines what the project must deliver to meet the user's expectations, including the quality requirements and acceptance criteria for the final product, ensuring alignment with user needs and standards.References: PRINCE2 7 Foundation documentation on quality management and project product descriptions.
NEW QUESTION # 73
Which is an objective of the Controlling a Stage process?
- A. Prevent scopecreep' by monitoring products for uncontrolled change
- B. Make arrangements to address all open issues and risks, with follow-on action recommendations
- C. Prepare a Stage Plan for the next stage
- D. Obtain approvals for completed products
Answer: A
NEW QUESTION # 74
Which is a minimum requirement for applying the quality theme?
- A. To apply the recommended quality review technique
- B. To define the project's approach to quality assurance
- C. To undertake independent audits of the project throughout the project
- D. To define the project's approach to quality control
Answer: D
NEW QUESTION # 75
According to the 'continued business justification' principle, what must project benefits be aligned to?
- A. The technology available
- B. Regular deliveries throughout the project
- C. The business objectives
- D. The direction of the project board
Answer: C
Explanation:
Section: Volume B
Explanation/Reference: https://www.whatisprince2.net/prince2-principle-continued-business-justification.php
NEW QUESTION # 76
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PRINCE2-Foundation exam is administered by Axelos, the governing body that oversees the PRINCE2 methodology. PRINCE2Foundation exam consists of 60 multiple-choice questions that must be completed within 60 minutes. The questions are designed to test the candidate's understanding of the PRINCE2 methodology, including the seven principles, themes, and processes. Passing the exam requires a score of at least 55%, and successful candidates will receive a PRINCE2-Foundation certification, which is recognized globally as a mark of excellence in project management. PRINCE2 7 Foundation written Exam certification is valid for life, but it is recommended that individuals keep their knowledge up to date by pursuing further PRINCE2 certifications or attending training courses.
Exam Materials for You to Prepare & Pass PRINCE2Foundation Exam: https://pass4sure.practicedump.com/PRINCE2Foundation-exam-questions.html