p2-60questions

Which is a purpose of a risk budget?

To fund the costs of implementing risk responses

To fund the cost of analyzing requests for change

To fund the costs of identifying risks to the project

To fund risk management activities defined in the risk management procedure

Which process provides the project board with the information it requires in order to commit resources to the project?

Directing a project

Initiating a project

Controlling a stage

Managing product delivery

Which is a purpose of an Issue Report?

To provide information on the number of quality problems found during the review of a product

To capture information about uncertain events that may threaten the project objectives

To formally document the impact of a request for change

To inform the Project Board of a forecast to exceed tolerance

Identify the missing word(s) in the following sentence. Quality planning defines each product and its associated [ ? ] for Project Board agreement.

owner

quality criteria

quality test results

customer's quality expectations

Who sets the project tolerances?

Corporate/programme management

Project Manager

Project Board

Executive

Which is a purpose of the Controlling a Stage process?

To agree, perform and deliver project work

To agree tolerances for the stage

To take action so that the stage remains within tolerance

To draft a plan for the next stage

How is the project initiation documentation used during the 'closing a project' process?

It is used as the basis for comparing the original aim of the project against what was actually achieved

It is updated to include relevant lessons from previous projects

It provides the controls for the final stage of the project

It provides the project product description for approval by the project board

In a customer/supplier context, which is a responsibility of a supplier?

To provide the requirements for the products

To deliver the benefits of the project

To provide the project mandate

To deliver the outputs of the project

Which characteristic distinguishes a project from regular business operations?

It produces benefits

It manages stakeholders

It introduces business change

It incurs cost

Identify the missing word in the following sentence. A management stage can be longer when risk is [ ? ], typically in the middle of projects.

higher

lower

understood

complex

Which is a purpose of the Risk Management Strategy?

To recommend responses for each of the project risks

To identify suitable risk owners for each of the project risks

To define the techniques to be used when assessing project risks

To summarize exposure to strategic, programme, project and operational risks

What does the 'initiating a project' process provide?

Information for the project board to decide if the project is aligned to business objectives

Definition of the suppliers' obligations for controlling the work package delivery

Approval from the project board to proceed with the project, if it is worthwhile

Approval from the project manager for work to be started by delivery teams

Identify the missing words in the following sentence. The customer’s quality expectations are a statement [ ? ].

about individual products

of prioritized needs

of measurable definitions

about the project product

Which is part of the PRINCE2 definition of a project?

Defined and agreed roles and responsibilities within an organization structure that engages stakeholder interests

A sequence of activities to manage product creation

A temporary organization that is created for the purpose of delivering business products

The mechanism used to monitor and compare actual achievements against those planned

What is established within the 'initiating a project' process?

That any constraints which could affect the project have been removed

The different ways that the project product can be delivered

The formats for communicating project information to stakeholders

That all of the information to develop the project brief is available

Which is a purpose of the 'controlling a stage' process?

To agree tolerances for the stage

To agree, perform and deliver project work

To take action so that the stage remains within tolerance

To draft a plan for the next stage

What must be recorded in the quality management approach, as a minimum requirement for applying the quality theme?

The quality tools and techniques to be used

The definition of the quality records required

The approach to managing project assurance

The project's approach to quality planning

Which is a purpose of the Benefits Review Plan?

To provide the reasons for the project, to put into the Business Case

To document the justification for the undertaking of a project

To provide a schedule for measuring the achievement of benefits

To summarize project performance to date for the Project Board to decide what action to take next

Which process is used by a team manager to coordinate work on one or more of the project's products?

Controlling a stage

Initiating a project

Managing a stage boundary

Managing product delivery

Which product summarizes progress and is used to decide whether to continue with the project?

End Project Report

Checkpoint Report

End Stage Report

Product Status Account

Which statement describes the Directing a Project process?

It ensures there are regular progress meetings

It begins on completion of the Initiating a Project process

It enables the Project Board to assure that there is continued business justification

It covers the day-to-day activities of the Project Manager

Which aspect of project performance must be managed in order to have a clear understanding of what the project is to deliver?

Timescale

Risk

Costs

Scope

When is it confirmed whether a project's objectives have been achieved?

During the 'closing a project' process

During the 'controlling a stage' process

During the 'managing product delivery' process

During the final end stage assessment

Which is a purpose of the business case theme?

To establish methods to judge whether the ongoing project is justified

To describe how products will be delivered that are fit for purpose

To establish mechanisms for managing issues that may impact the baseline

To assess and control uncertain events or situations

Which two statements about tailoring are CORRECT? 1. Processes can be simplified or carried out in more detail. 2. Terminology can be changed to suit organizational standards. 3. Themes that are not relevant to the project can be excluded. 4. Project management team members can carry out any combination of roles.

1 and 2

1 and 4

2 and 3

3 and 4

If a work package is forecast to exceed its tolerances, how should a team manager inform the project manager?

By submitting an exception plan

By submitting an exception report

By raising an issue

By raising a risk

Which product is a time-driven control?

Lessons report

End stage report

Exception report

Checkpoint report

What term is used to describe when a risk might occur?

Impact

Proximity

Evaluate

Probability

Which type of issue should be raised if a new product is required after a team has started work?

A concern

An off-specification

A request for change

A problem

PRINCE2 mandates that the project board represents the primary stakeholder interests. Which principle does this follow?

Manage by stages

Learn from experience

Defined roles and responsibilities

Focus on products

Which principle is being applied when a project product description is produced?

Continued business justification

Focus on products

Manage by stages

Learn from experience

Which is a characteristic of a project?

It involves cross-functional teams

It avoids stresses and strains between organizations

It is considered low risk

It maintains business as usual

Which is a minimum requirement for applying the business case theme?

To appoint a senior user from an area of the business impacted by the project

To document the responsibility for defining the standards for the business case

To delegate the development of the business justification to the project manager

To have the benefits management approach approved by the participants of benefits reviews

Who is responsible for documenting any tailoring of work packages?

Team manager

Project support

Project manager

Executive

Which is a benefit of applying the 'manage by stages' principle?

The key stakeholders in the project will have representation on the project board

The project management team will understand the customer's expectations

The project will have review and decision points so that progress can be assessed

The project management team will understand the tolerances allowed

Which regular report provides the project board with a summary of stage status?

Product status account

Highlight report

Lessons report

Checkpoint report

What should a risk budget be used to fund?

Responses to remaining open risks after the project has been closed

Producing risk summaries for inclusion in Highlight Reports

Capturing identified threats and opportunities in the Risk Register

Specific management responses to a project's threats and opportunities

What is an output?

A negative outcome

Any of the project's specialist products

The result of the change derived from using the project's products

The measurable improvement resulting from an outcome

Which is a minimum requirement for applying the risk theme?

To escalate identified threats to the project board

To assign risk actionees to undertake planned risk responses

To establish a risk budget to fund responses to risks

To record identified threats in a risk register

Which role is responsible for specifying the project benefits?

Project Manager

Corporate or programme management

Senior User(s)

Executive

Which is a minimum requirement for applying the quality theme?

To define the project's approach to project assurance

To define proxy measures that indicate achievable benefits

To define the project's approach to quality assurance

To define the use and format of quality records

Which is a task of 'defining and analyzing products'?

Analyze the risks

Design the plan

Create the product flow diagram

Prepare the schedule

Identify the missing word in the following sentence. Quality [ ? ] defines the type of quality methods the project will use.

control

planning

assurance

tolerance

Which is a step in PRINCE2's recommended approach to planning?

Baseline the project deliverables

Identify activities and dependencies

Describe the means of communication for the project

Implement responses for opportunities

Which is a purpose of the quality theme?

To look for ways to improve the effectiveness of the management of the project

To control uncertainty to improve the ability of the project to succeed

To establish the mechanisms to judge whether a project is desirable and achievable

To establish mechanisms to control any unacceptable deviation

Which is a responsibility of the team manager role?

To examine and escalate issues, taking necessary corrective actions

To accept authorized work packages from the project manager

To review the tailoring approach and its implications for project controls

To review the highlight report for the previous reporting period

Identify the missing word in the following sentence. PRINCE2 recommends three levels of [ ? ] to reflect the needs of the different levels of management involved in a project.

product

benefit

plan

activity

Which process enables the Project Board to be accountable for a project's success by enabling it to exercise overall control?

Directing a Project

Initiating a Project

Managing a Stage Boundary

Controlling a Stage

What takes place during the 'closing a project' process?

The post-project benefits reviews are performed

An end stage report is prepared for the final stage

Ownership of the project's products is transferred to the customer

The project closure notification is reviewed and approved

Which statement about the 'continued business justification' principle is CORRECT?

There must be no change to the reasons for a project

A formal business case document is mandatory

The justification for compulsory projects does not need approval

The chosen option must provide value for money

Which is a purpose of the Directing a Project process?

To provide the information required to confirm whether it is worthwhile to initiate a project

To establish the level of control required by the Project Board after initiation

To enable overall control of a project to be exercised by the Project Board

To provide sufficient information to review the current stage and approve the next Stage Plan

Which process provides an interface with corporate or programme management?

Controlling a Stage

Directing a Project

Managing a Stage Boundary

Managing Product Delivery

What is risk probability?

A probable timeframe within which the risk may occur

The scale of the risk should it occur

The probable effect on the project being able to deliver its objectives

A measure of the likelihood of the risk occurring

In which process is authorization given to deliver the project's products?

Initiating a project

Starting up a project

Directing a project

Managing a stage boundary

Which is a type of issue?

Identified threat

Follow-on action recommendation

Problem/concern

Exception Report

Which is a purpose of a Quality Management Strategy?

To identify the level of quality required for each of the project's products

To summarize the planned quality management activities

To define the customer's quality expectations for the project

To define the quality standards to be applied to a project

Which is a purpose of the 'closing a project' process?

To define the handover procedures for the project's products

To provide the project board with sufficient information to confirm continued business justification

To provide a fixed point at which acceptance of the project product is confirmed

To inform the project board that the final stage is about to start

Which is a purpose of the 'starting up a project' process?

To create the management products required to control the project

To do the minimum to decide whether it is worthwhile initiating the project

To understand the resources and costs to deliver the project's products

To ensure that there is authority to deliver the project's products

Which is a purpose of a project brief?

To confirm that the project is able to deliver the detailed business case

To document a common understanding of the starting point for the project

To capture lessons from previous projects

To define the quality techniques to be applied during the project

Which statement about management stages is CORRECT?

There can be more than one delivery step within a management stage

Several management stages can be scheduled to run at the same time

A project can be scheduled without management stages

Delivery steps and management stages should end together

60 Questions