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PRINCE2 Foundation Exam is the entry-level certification in the PRINCE2 qualification scheme, and passing PRINCE2-Foundation exam is a prerequisite for taking the higher-level PRINCE2 Practitioner Exam. PRINCE2-Foundation exam consists of 60 multiple-choice questions, and candidates have one hour to complete it. The passing score for the exam is 55%, and successful candidates receive a globally recognized PRINCE2 Foundation certification.
NEW QUESTION # 60
Which is a purpose of the business case theme?
- A. To identify the project's outputs
- B. To identify which role is responsible for producing the business case
- C. To establish a viable investment proposition
- D. To establish the controls to manage changes that may impact the project benefits
Answer: A
Explanation:
Section: Volume B
Explanation/Reference:
Reference http://prince2.wiki/Business_Case
NEW QUESTION # 61
What is established during the 'initiating a project' process?
- A. A plan for the work or project initiation
- B. The agreed protect acceptance criteria
- C. An understanding of the project's funding
- D. The need for a configuration library
Answer: A
Explanation:
During the 'Initiating a Project' process in PRINCE2, a detailed plan for the work needed for project initiation is established. This includes developing the various management strategies and the project initiation documentation (PID) that will guide the project's execution and control phases.References: PRINCE2 Foundation Manual
NEW QUESTION # 62
Which describes an off-specification?
- A. An interdependency between products that was previously unidentified
- B. The addition of an improvement to a product description
- C. A prototype demonstrating a possible design solution
- D. The production of more than the defined quantity of a specialist product
Answer: A
Explanation:
Explanation
Reference https://www.prince2primer.com/prince2-change-control/
NEW QUESTION # 63
Identify the missing product in the following sentence.
When assessing an issue during the Controlling a Stage process, the [ ? ] provides essential information to evaluate the viability of the project.
- A. Configuration Management Strategy
- B. Project Initiation Documentation
- C. Project Brief
- D. Benefits Review Plan
Answer: B
NEW QUESTION # 64
Which is NOT a purpose of a Benefits Review Plan?
- A. Define the periodover which the cost-benefit analysis will be based
- B. Describe how to measure and confirm anybenefits that are to be realised after the project is closed
- C. Define the scope, timing and ownership of the benefit reviews required
- D. Describe how to measure the performance of the project's products in operational use
Answer: A
NEW QUESTION # 65
Identify the missing words in the following sentence. A Change Authority may be given a [?] to enable it to finance new requirements.
- A. scope tolerance
- B. change budget
- C. cost tolerance
- D. risk budget
Answer: B
NEW QUESTION # 66
Which is a purpose of the 'initiating a project' process?
- A. To establish solid foundations for a project
- B. To decide if it is worthwhile to initiate a project
- C. To identify the number of work packages required
- D. To decide on the project approach
Answer: A
Explanation:
Section: Volume B
Explanation/Reference: http://prince2.wiki/Initiating_a_Project#Objective
NEW QUESTION # 67
According to the 'continued business justification' principle, when is a justifiable reason for a project FIRST needed?
- A. Before work to start the project commences
- B. When an organization produces its business plans
- C. After the executive has been appointed
- D. When authorized by the corporate, programme management or the customer
Answer: A
NEW QUESTION # 68
Which term is defined-as the amount and type or risk that the business is willing to take in pursuit of is objectives?
- A. Opportunity
- B. Risk tolerance
- C. Risk appetite
- D. Risk cause
Answer: C
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. References: PRINCE2 training manual and risk management framework.
NEW QUESTION # 69
Which statement applies to Stage Plans?
- A. Provide a baseline against which the Project Board monitor overall progress
- B. Are produced at the same time as the Project Initiation Documentation
- C. Always have the same duration as the Project Plan
- D. Assist the Project Manager in the day-to-day running and control of the project
Answer: D
Explanation:
Stage Plans in PRINCE2 are essential tools for the Project Manager, assisting in the day-to-day management and control of the project. Each Stage Plan provides the detail needed for each management stage of the project, including what work will be done, when it will be delivered, and who will be involved, thus facilitating effective project governance on a stage-by-stage basis. They do not necessarily match the duration of the Project Plan or get produced simultaneously with the Project Initiation Documentation.References: PRINCE2 7 Foundation handbook and other official documents.
NEW QUESTION # 70
How does the project board use the 'manage by stages' principle to control the project?
- A. By approving the project management team
- B. By ensuring that the benefits are managed and controlled
- C. By reviewing project viability at defined intervals
- D. By reviewing previous project closure documentation
Answer: C
Explanation:
Explanation/Reference:
Reference http://prince2.wiki/Manage_by_stages
NEW QUESTION # 71
What may be funded from a risk budget?
- A. Preparation of the risk management approach
- B. Implementation of a fallback plan
- C. Impact analysis of requests for change
- D. Corrections required due to off-specifications
Answer: B
Explanation:
Explanation/Reference:
Reference http://prince2.wiki/Risk#Risk_Budget
NEW QUESTION # 72
Which statement describes the 'Implement' step within the recommended risk management procedure?
- A. Take planned action to respond to a risk
- B. Implement the responsibilities for risks defined in the Risk Management Strategy
- C. Assess the proximity of a risk
- D. Identify the level of risks that can be tolerated by the project
Answer: A
Explanation:
The 'Implement' step within the recommended risk management procedure in PRINCE2 involves taking planned actions to respond to a risk. This step is crucial as it moves the risk response from the planning stage into actual execution, thus addressing the risk directly to mitigate its impact on the project.References:
PRINCE2 7 Foundation study guide and official documents.
NEW QUESTION # 73
The project manager needs to understand what makes the outputs acceptable to the users.
In which step of the 'planning' technique should this occur?
- A. Defining and analysing the products
- B. Preparing a schedule
- C. Preparing estimates
- D. Organizing work packages
Answer: A
Explanation:
In the 'planning' technique of PRINCE2, understanding what makes the outputs acceptable to the users occurs during the step of "Defining and Analyzing the Products." This step involves detailed discussions about product requirements and specifications to ensure clarity on what the project must deliver for it to be accepted by the users. It sets out the criteria that the products must meet to satisfy the user's needs and expectations.References: (PRINCE2 7 Foundation Handbook, AXELOS)
NEW QUESTION # 74
In a commercial environment, which process links the team manager and the PRINCE2 method used in a project?
- A. Directing a project
- B. Managing a stage boundary
- C. Managing product delivery
- D. Initiating a project
Answer: C
Explanation:
Explanation
Reference https://www.prince2.com/blog/the-7-principles-themes-and-processes-of-prince2/
NEW QUESTION # 75
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