Practice Free PRINCE2 7 Foundation Exam Online Questions
Question #151
What should the benefits management approach define?
- A . What actions will be taken to ensure the project’s outcomes are achieved
- B . What will be used to record the effectiveness of the project’s approaches
- C . How the project has progressed against its plans
- D . The suitability of the project management team structure
Correct Answer: A
A
Explanation:
The Benefits Management Approach in PRINCE2® defines the specific actions that will be taken to ensure the project’s outcomes are achieved. This approach includes plans for realizing benefits both during and after the project’s lifecycle, ensuring that the project delivers the expected value to its stakeholders.
Reference: = PRINCE2® 7 Foundation handbook and online resources
A
Explanation:
The Benefits Management Approach in PRINCE2® defines the specific actions that will be taken to ensure the project’s outcomes are achieved. This approach includes plans for realizing benefits both during and after the project’s lifecycle, ensuring that the project delivers the expected value to its stakeholders.
Reference: = PRINCE2® 7 Foundation handbook and online resources
Question #152
Which should be funded by a change budget?
- A . Increase in agreed scope
- B . Initiation stage
- C . Change Authority
- D . Handover activities
Correct Answer: A
A
Explanation:
The change budget in a PRINCE2® project is designed to fund changes that involve an increase in the agreed scope of the project. Such changes typically require additional budget allocations as they extend or modify what the project initially planned to deliver.
Reference: PRINCE2® Foundation official study guide and online resources.
A
Explanation:
The change budget in a PRINCE2® project is designed to fund changes that involve an increase in the agreed scope of the project. Such changes typically require additional budget allocations as they extend or modify what the project initially planned to deliver.
Reference: PRINCE2® Foundation official study guide and online resources.
Question #152
Which should be funded by a change budget?
- A . Increase in agreed scope
- B . Initiation stage
- C . Change Authority
- D . Handover activities
Correct Answer: A
A
Explanation:
The change budget in a PRINCE2® project is designed to fund changes that involve an increase in the agreed scope of the project. Such changes typically require additional budget allocations as they extend or modify what the project initially planned to deliver.
Reference: PRINCE2® Foundation official study guide and online resources.
A
Explanation:
The change budget in a PRINCE2® project is designed to fund changes that involve an increase in the agreed scope of the project. Such changes typically require additional budget allocations as they extend or modify what the project initially planned to deliver.
Reference: PRINCE2® Foundation official study guide and online resources.
Question #154
Which activity is part of the recommended risk management procedure?
- A . Allocating a budget to investigate issues
- B . Reviewing risk management practices to ensure that they are performing effectively
- C . Sending information to stakeholders about risks to the projects
- D . Resolving conflicts between the project and the programme board
Correct Answer: B
B
Explanation:
Part of the recommended risk management procedure in PRINCE2® includes regularly reviewing risk management practices to ensure they are effective. This activity involves evaluating the processes used for risk identification, assessment, and response to ensure that risks are being managed appropriately and that the procedures are fit for purpose.
Reference: PRINCE2® Foundation Manual
B
Explanation:
Part of the recommended risk management procedure in PRINCE2® includes regularly reviewing risk management practices to ensure they are effective. This activity involves evaluating the processes used for risk identification, assessment, and response to ensure that risks are being managed appropriately and that the procedures are fit for purpose.
Reference: PRINCE2® Foundation Manual
Question #154
Which activity is part of the recommended risk management procedure?
- A . Allocating a budget to investigate issues
- B . Reviewing risk management practices to ensure that they are performing effectively
- C . Sending information to stakeholders about risks to the projects
- D . Resolving conflicts between the project and the programme board
Correct Answer: B
B
Explanation:
Part of the recommended risk management procedure in PRINCE2® includes regularly reviewing risk management practices to ensure they are effective. This activity involves evaluating the processes used for risk identification, assessment, and response to ensure that risks are being managed appropriately and that the procedures are fit for purpose.
Reference: PRINCE2® Foundation Manual
B
Explanation:
Part of the recommended risk management procedure in PRINCE2® includes regularly reviewing risk management practices to ensure they are effective. This activity involves evaluating the processes used for risk identification, assessment, and response to ensure that risks are being managed appropriately and that the procedures are fit for purpose.
Reference: PRINCE2® Foundation Manual
Question #156
How should the Team Manager report that tolerances are forecast to be exceeded?
- A . Create an Exception Report
- B . Create a Highlight Report
- C . Raise an issue
- D . Grant a concession
Correct Answer: A
A
Explanation:
The correct procedure for a Team Manager to report that tolerances are forecast to be exceeded is to create an Exception Report. This report is a crucial tool in PRINCE2 for escalating issues that cannot be resolved within the agreed tolerances, ensuring that they are brought to the attention of higher management for decision-making.
Reference: PRINCE2 Foundation manual, PRINCE2 official resources
A
Explanation:
The correct procedure for a Team Manager to report that tolerances are forecast to be exceeded is to create an Exception Report. This report is a crucial tool in PRINCE2 for escalating issues that cannot be resolved within the agreed tolerances, ensuring that they are brought to the attention of higher management for decision-making.
Reference: PRINCE2 Foundation manual, PRINCE2 official resources
Question #156
How should the Team Manager report that tolerances are forecast to be exceeded?
- A . Create an Exception Report
- B . Create a Highlight Report
- C . Raise an issue
- D . Grant a concession
Correct Answer: A
A
Explanation:
The correct procedure for a Team Manager to report that tolerances are forecast to be exceeded is to create an Exception Report. This report is a crucial tool in PRINCE2 for escalating issues that cannot be resolved within the agreed tolerances, ensuring that they are brought to the attention of higher management for decision-making.
Reference: PRINCE2 Foundation manual, PRINCE2 official resources
A
Explanation:
The correct procedure for a Team Manager to report that tolerances are forecast to be exceeded is to create an Exception Report. This report is a crucial tool in PRINCE2 for escalating issues that cannot be resolved within the agreed tolerances, ensuring that they are brought to the attention of higher management for decision-making.
Reference: PRINCE2 Foundation manual, PRINCE2 official resources
Question #158
What is a risk actionee responsible for?
- A . Identifying risks to the project that might occur in their department
- B . Owning and authorizing the use of the risk budget to fund risk responses
- C . Managing, monitoring and controlling of all aspects of an assigned risk
- D . Carrying out a risk response action to respond to a particular risk
Correct Answer: C
C
Explanation:
A risk actionee in PRINCE2® is responsible for managing, monitoring, and controlling all aspects of a specifically assigned risk. This role includes planning and implementing appropriate risk responses and ensuring that the risk is handled effectively throughout its lifecycle in the project.
Reference: PRINCE2® Foundation Manual
C
Explanation:
A risk actionee in PRINCE2® is responsible for managing, monitoring, and controlling all aspects of a specifically assigned risk. This role includes planning and implementing appropriate risk responses and ensuring that the risk is handled effectively throughout its lifecycle in the project.
Reference: PRINCE2® Foundation Manual
Question #159
Which statement about stages is true?
- A . Management stages should be of the same duration
- B . The use of technical stages is mandatory
- C . The use of management stages is mandatory
- D . Management stages are driven by specialist teams
Correct Answer: C
C
Explanation:
PRINCE2® mandates the use of management stages in project management. These stages are critical control points used by the Project Board to review progress, assess risks, and make decisions about the project’s future. This structure allows for regular monitoring and controlling of the project by breaking it down into manageable sections.
Reference: PRINCE2® Foundation official documentation and study materials.
C
Explanation:
PRINCE2® mandates the use of management stages in project management. These stages are critical control points used by the Project Board to review progress, assess risks, and make decisions about the project’s future. This structure allows for regular monitoring and controlling of the project by breaking it down into manageable sections.
Reference: PRINCE2® Foundation official documentation and study materials.
Question #160
Which plan is used to organize and control the work when executing a work package?
- A . team plan
- B . A stage plan
- C . A project plan,
- D . An exception plan
Correct Answer: A
A
Explanation:
When executing a Work Package, the Team Plan is used to organize and control the work. The Team Plan is derived from the Stage Plan and provides detailed allocations and explanations of how the team will deliver the work package assigned to them. It focuses specifically on the tasks and resources at the team level, detailing the schedule and resources needed to complete the work.
Reference: (PRINCE2® 7 Foundation Handbook, AXELOS)
A
Explanation:
When executing a Work Package, the Team Plan is used to organize and control the work. The Team Plan is derived from the Stage Plan and provides detailed allocations and explanations of how the team will deliver the work package assigned to them. It focuses specifically on the tasks and resources at the team level, detailing the schedule and resources needed to complete the work.
Reference: (PRINCE2® 7 Foundation Handbook, AXELOS)