Practice Free PRINCE2 7 Foundation Exam Online Questions
Question #21
How are team managers involved in tailoring PRINCE2 suit the project?
- A . Team managers are accountable for the tailoring of the work packages
- B . Team managers may advice on tailoring to improve the management of work packages
- C . Team managers should not be involved in tailoring PRINCE2
- D . Team managers should document the tailoring of the work packages
Correct Answer: B
B
Explanation:
While team managers in PRINCE2® are primarily responsible for the production of the work packages assigned to them, they may also provide valuable advice on tailoring the methodology to better manage these work packages within the specific context of the project. Their practical experience and direct involvement with project delivery can offer insights into how PRINCE2® can be adapted to enhance efficiency and effectiveness at the team level.
Reference: PRINCE2® Foundation Manual
B
Explanation:
While team managers in PRINCE2® are primarily responsible for the production of the work packages assigned to them, they may also provide valuable advice on tailoring the methodology to better manage these work packages within the specific context of the project. Their practical experience and direct involvement with project delivery can offer insights into how PRINCE2® can be adapted to enhance efficiency and effectiveness at the team level.
Reference: PRINCE2® Foundation Manual
Question #22
Which term is defined-as the amount and type or risk that the business is willing to take in pursuit of is objectives?
- A . Risk appetite
- B . Opportunity
- C . Risk tolerance
- D . Risk cause
Correct Answer: A
A
Explanation:
Risk appetite is defined as the amount and type of risk that an organization is willing to take in pursuit of its objectives. This concept helps organizations balance the potential benefits of risk-taking with their capability to manage the impact of unfavorable outcomes.
Reference: PRINCE2® training manual and risk management framework.
A
Explanation:
Risk appetite is defined as the amount and type of risk that an organization is willing to take in pursuit of its objectives. This concept helps organizations balance the potential benefits of risk-taking with their capability to manage the impact of unfavorable outcomes.
Reference: PRINCE2® training manual and risk management framework.
Question #23
Which is a true statement about time-driven controls?
- A . Time-driven controls are used for monitoring the progress of Work Packages and management stages
- B . Time-driven controls take place when specific events happen
- C . Time-driven controls are produced at the end of a stage
- D . An Exception Report is a time-driven control
Correct Answer: A
A
Explanation:
Time-driven controls in PRINCE2® are specifically designed to monitor the progress of Work Packages and management stages at regular intervals. These controls ensure that the project stays on schedule and that any deviations are identified and managed promptly.
Reference: PRINCE2® Foundation official study materials.
A
Explanation:
Time-driven controls in PRINCE2® are specifically designed to monitor the progress of Work Packages and management stages at regular intervals. These controls ensure that the project stays on schedule and that any deviations are identified and managed promptly.
Reference: PRINCE2® Foundation official study materials.
Question #24
The project manager needs to record the impact assessment for a specific business opportunity.
In which management product should the project manager record this?
- A . Issue report
- B . Issue register
- C . Risk register
- D . Quality register
Correct Answer: A
A
Explanation:
The project manager should record the impact assessment for a specific business opportunity in an ‘Issue Report’. This management product is used to detail particular issues that might affect the project, including opportunities (which are treated like positive risks), and provides a basis for decision-making regarding these issues.
Reference: PRINCE2® 7 Foundation materials on issue management and related documentation.
A
Explanation:
The project manager should record the impact assessment for a specific business opportunity in an ‘Issue Report’. This management product is used to detail particular issues that might affect the project, including opportunities (which are treated like positive risks), and provides a basis for decision-making regarding these issues.
Reference: PRINCE2® 7 Foundation materials on issue management and related documentation.
Question #24
The project manager needs to record the impact assessment for a specific business opportunity.
In which management product should the project manager record this?
- A . Issue report
- B . Issue register
- C . Risk register
- D . Quality register
Correct Answer: A
A
Explanation:
The project manager should record the impact assessment for a specific business opportunity in an ‘Issue Report’. This management product is used to detail particular issues that might affect the project, including opportunities (which are treated like positive risks), and provides a basis for decision-making regarding these issues.
Reference: PRINCE2® 7 Foundation materials on issue management and related documentation.
A
Explanation:
The project manager should record the impact assessment for a specific business opportunity in an ‘Issue Report’. This management product is used to detail particular issues that might affect the project, including opportunities (which are treated like positive risks), and provides a basis for decision-making regarding these issues.
Reference: PRINCE2® 7 Foundation materials on issue management and related documentation.
Question #24
The project manager needs to record the impact assessment for a specific business opportunity.
In which management product should the project manager record this?
- A . Issue report
- B . Issue register
- C . Risk register
- D . Quality register
Correct Answer: A
A
Explanation:
The project manager should record the impact assessment for a specific business opportunity in an ‘Issue Report’. This management product is used to detail particular issues that might affect the project, including opportunities (which are treated like positive risks), and provides a basis for decision-making regarding these issues.
Reference: PRINCE2® 7 Foundation materials on issue management and related documentation.
A
Explanation:
The project manager should record the impact assessment for a specific business opportunity in an ‘Issue Report’. This management product is used to detail particular issues that might affect the project, including opportunities (which are treated like positive risks), and provides a basis for decision-making regarding these issues.
Reference: PRINCE2® 7 Foundation materials on issue management and related documentation.
Question #27
Which is an objective of the Initiating a Project process?
- A . Develop the corporate quality management system as part of the Project Initiation Documentation
- B . Prepare the plans for the subsequent stages
- C . Summarize how the organization’s project management method will be tailored for the project
- D . Request authority from corporate management to deliver the project
Correct Answer: C
C
Explanation:
One of the key objectives of the Initiating a Project process is to tailor the organization’s project management method to suit the specific requirements of the project. This involves adapting processes, controls, roles, responsibilities, and techniques to ensure they are appropriate for the project’s context.
Reference: PRINCE2® Foundation official documentation and study materials.
C
Explanation:
One of the key objectives of the Initiating a Project process is to tailor the organization’s project management method to suit the specific requirements of the project. This involves adapting processes, controls, roles, responsibilities, and techniques to ensure they are appropriate for the project’s context.
Reference: PRINCE2® Foundation official documentation and study materials.
Question #28
When should the Project Board refer to corporate or programme management for a decision?
- A . The stage requires resources
- B . It is forecast that project level tolerance will be exceeded
- C . The Senior Supplier or Senior User needs to be changed
- D . Any request for change needs to be approved
Correct Answer: B
B
Explanation:
The Project Board should refer to corporate or programme management for decisions when it is forecast that the project level tolerance will be exceeded. This scenario typically triggers an exception process as the predefined tolerances are fundamental limits within which the Project Board allows the Project Manager to manage the project.
Reference: PRINCE2® Foundation official study guide and materials.
B
Explanation:
The Project Board should refer to corporate or programme management for decisions when it is forecast that the project level tolerance will be exceeded. This scenario typically triggers an exception process as the predefined tolerances are fundamental limits within which the Project Board allows the Project Manager to manage the project.
Reference: PRINCE2® Foundation official study guide and materials.
Question #29
Which PRINCE2 principle is being applied when tolerances are set for the three levels of plan?
- A . Manage by stages
- B . Manage by exception
- C . Continued business justification
- D . Learn from experience
Correct Answer: B
B
Explanation:
Setting tolerances for the three levels of plan (project, stage, and team) in PRINCE2® applies the principle of ‘manage by exception’. This principle enables efficient use of management time by focusing on deviations from the plan only if they exceed predefined tolerances, rather than managing every small detail.
Reference: PRINCE2® Foundation Handbook, Manage by Exception section.
B
Explanation:
Setting tolerances for the three levels of plan (project, stage, and team) in PRINCE2® applies the principle of ‘manage by exception’. This principle enables efficient use of management time by focusing on deviations from the plan only if they exceed predefined tolerances, rather than managing every small detail.
Reference: PRINCE2® Foundation Handbook, Manage by Exception section.
Question #30
What theme provides all management levels within the project management team with mechanisms for monitoring and control?
- A . Progress
- B . Change
- C . Organization
- D . Quality
Correct Answer: A
A
Explanation:
The Progress theme in PRINCE2 provides all management levels within the project management team with mechanisms for monitoring and control. It involves tracking the ongoing viability of the plans and the project’s objectives, and it includes mechanisms for reporting, reviewing, and ensuring that decisions on continued investment are based on accurate information.
Reference: PRINCE2 Foundation manual, PRINCE2 official resources
A
Explanation:
The Progress theme in PRINCE2 provides all management levels within the project management team with mechanisms for monitoring and control. It involves tracking the ongoing viability of the plans and the project’s objectives, and it includes mechanisms for reporting, reviewing, and ensuring that decisions on continued investment are based on accurate information.
Reference: PRINCE2 Foundation manual, PRINCE2 official resources