Last Updated on April 18, 2022 by Admin 3

PRINCE2 FD : Foundation : Part 13

  1. What may be funded from a risk budget?

    • Corrections required due to off-specifications
    • Implementation of a fallback plan
    • Implementation of a fallback plan
    • Preparation of the risk management approach



  2. Which is a minimum requirement for applying the organization theme?

    • To document the project management team structure
    • To define the experience required for each project role
    • To include external stakeholders on the project board
    • To train project team members in the use of PRINCE2
  3. Who represents the three project interests on a project?

    • Project manager
    • Project support
    • External project stakeholders
    • Project board
  4. Which PRINCE2 principle helps to address a concern that the project team may NOT have worked on a similar project?

    • Defined roles and responsibilities
    • Learn from experience
    • Manage by exception
    • Focus on products
  5. What must a PRINCE2 project demonstrate?

    • Application of PRINCE2 principles
    • Application of proper leadership skills
    • Application of the activities in each process
    • Application of tools appropriate for the industry
  6. According to the ‘defined roles and responsibilities’ principle, what must be represented in the project management team?

    • Project board, project manager and project assurance roles
    • Directing, managing and delivering levels
    • Business, user and supplier interests
    • Corporate, programme management or the customer parties
  7. Which is a minimum requirement for applying the risk theme?

    • Threats must be assessed for their impact on the viability of the project
    • A single role that is responsible for all risks must be defined
    • The PRINCE2 risk management procedure must be followed
    • Team managers must maintain their own risk registers
  8. According to PRINCE2, which characteristic is necessary for an effective project board?

    • An ability to delegate
    • An attention to detail
    • A calm management style
    • A ‘problem-solving’ approach
  9. Which is an objective of the ‘directing a project’ process?

    • To review and approve a project mandate
    • To ensure corporate or programme management has an interface to the project
    • To define how risks, issues and changes will be managed
    • To obtain approval for completed products
  10. Which is a purpose of the ‘identify the risks’ step within the recommended risk management procedure?

    • To identify responses to risks documented in the business case
    • To identify information about the project environment and objectives
    • To identify the roles to be involved in risk management activities
    • To identify uncertainties that may impact on the delivery of the project objectives
  11. Which product defines how the project board should approve the management products produced during the ‘initiating a project’ process?

    • Communication management approach
    • Quality management approach
    • Project plan
    • Initiation stage plan
  12. Which product describes the method the project will use to engage with corporate, programme management or the customer?

    •  Quality management approach
    • Communication management approach
    • Change control approach
    • Benefits management approach
  13. Which is one of the six aspects of project performance to be managed?

    • Efficiency
    • Timescales
    • Estimate
    • Work
  14. Which is a purpose of the business case theme?

    • To identify which role is responsible for producing the business case
    • To identify the project’s outputs
    • To establish the controls to manage changes that may impact the project benefits
    • To establish a viable investment proposition
  15. Which role is responsible for appointing the senior user in a project that is independent from a program?

    • The project manager
    • The executive
    • Corporate, program management or the customer
    • Project assurance
  16. Which product identifies how often stakeholders require information?

    • Communication management approach
    • Lessons report
    • Configuration item record
    • Benefits management approach
  17. Which is a minimum requirement when applying the business case theme?

    • To specify the solution to be used to deliver the business option selected
    • To ensure the corporate business plan is updated with the project costs and benefits
    • To define the management actions required to ensure the project’s outcomes are achieved
    • To integrate the benefits management approach with the project and stage plans
  18. Which is a minimum requirement for applying the quality theme?

    • To define the project’s approach to quality control
    • To undertake independent audits of the project throughout the project
    • To apply the recommended quality review technique
    • To define the project’s approach to quality assurance
  19. As a minimum requirement for applying the risk theme, what must specifically be assessed?

    • Whether a risk may cause the project to exceed its cost tolerance
    • Whether a risk may affect the project-level quality tolerances
    • Whether a risk may impact the underlying technical assumptions
    • Whether a risk may alter the project’s business justification
  20. What is an advantage of applying the ‘learn from experience’ principle?

    • It allows the project board to delegate cost tolerances to the project manager
    • It allows the project team to fully understand their roles and responsibilities
    • It allows the project manager to delegate time tolerances to the team managers
    • It allows the project team to identify improvements to be made during the project