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The PRINCE2 Foundation certification exam is an excellent way for individuals to gain a solid understanding of the PRINCE2 methodology. PRINCE2 7 Foundation written Exam certification provides a strong foundation for professionals who want to pursue a career in project management or who want to enhance their skills in this field. The PRINCE2 Foundation exam covers the basic principles, themes, and processes of the PRINCE2 methodology and is a prerequisite for the PRINCE2 Practitioner certification.

The PRINCE2 Foundation written exam is a globally recognized certification exam that tests the candidate’s understanding of the PRINCE2 methodology. PRINCE2 7 Foundation written Exam certification validates the candidate’s knowledge of the seven principles, themes, and processes of the PRINCE2 methodology. PRINCE2 7 Foundation written Exam certification is suitable for individuals who are new to project management, have some experience in project management, or want to work in a PRINCE2 environment. PRINCE2 7 Foundation written Exam certification provides a common language and framework for project management, which helps in effective communication and collaboration among team members.

QUESTION 262
Which role does NOT set tolerances?

Corporate or programme management

Project Board

Change Authority

Project Manager

QUESTION 263
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

Section: Volume B
Explanation/Reference: https://www.prince2primer.com/prince2-2017-risk-theme-changes/

QUESTION 264
Which is a key decision made during the ‘directing a project’ process?

Select and appoint the project executive

Approve the project manager role description

Confirm that the benefits management approach addresses all expected benefits

Approve the proposed project mandate

Section: Volume B
Explanation/Reference: https://www.greycampus.com/opencampus/prince-2-practitioner/purpose-of-directing-a-project- process-in-prince2

QUESTION 265
Which document should record the agreed amount of risk budget for a project?

Project Brief

Project Plan

Risk Management Strategy

Risk Register

The agreed amount of risk budget for a project is recorded in the Risk Management Strategy document. This document outlines how risks will be managed throughout the project, including the budget set aside specifically for implementing risk responses. It provides a structured approach to managing risks, including their identification, assessment, planning responses, and the funds allocated for these activities.References:
PRINCE2 7 Foundation handbook and documents.

QUESTION 266
Which product is used by the Project Manager to authorize work?

Team Plan

Stage Plan

Work Package

Product Description

QUESTION 267
Which is NOT a requirement of a Stage Plan?

Produced to an appropriate level of detail to enable day-to-day control

Produced near to the end of the previous management stage

Approved and signed-off by Project Assurance

Approved at the end of a management stage

QUESTION 268
Which of the following statements about stakeholders are true?
1.Someone who thinks they will be affected by a project is a stakeholder on that project
2.Stakeholders may be internal or external to the corporate organization

Only 1 is true

Only 2 is true

Both 1 and 2 are true

Neither 1 or 2 are true

QUESTION 269
Which is a purpose of the Organization theme?

Ensure that the project organization structure will enable the project to deliver the business benefits in the required time frame

Define accountability within the project

Identify risk owners for the project

Define the quality methods and responsibilities for the management of the project

QUESTION 270
In which product would you find a product’s quality tolerance defined?

Product Description

Quality Management Strategy

Quality Register

Configuration Item Record

QUESTION 271
Where should decisions regarding the tailoring of the project be recorded?

Project brief

Project initiation documentation

Project mandate

Stage plan

Decisions regarding the tailoring of the project should be recorded in the Project Initiation Documentation (PID). The PID is the key document that defines how the project is to be managed and includes specific references to any tailoring decisions made to fit the project’s environment. References: PRINCE2 Foundation Handbook, Project Initiation Documentation section.

QUESTION 272
Which risk response type is appropriate to respond to an opportunity?

Fallback

Exploit

Transfer

QUESTION 273
Which theme verifies that a project’s products are fit for purpose?

Business case

Organization

Quality

Progress

The Quality theme in PRINCE2 verifies that a project’s products are fit for purpose. This theme ensures that the project delivers products that meet the requirements and standards necessary for acceptance by the customer and stakeholders, effectively supporting the achievement of the desired benefits. References:
PRINCE2 7 Foundation Handbook and official training materials.

QUESTION 274
Identify the missing words in the following sentence. An objective of the Closing a Project process is to ensure that provision has been made to address [?] through follow-on action recommendations.

the measurement of benefits NOT yet realized

the handover of products

open issues and risks

the release of resources

QUESTION 275
Which is part of quality control?

Undertake quality reviews

Write Product Descriptions

Provide assurance that the project is being conducted properly

Document the customer’s quality expectations

QUESTION 276
What takes place during the Closing a Project process?

The post-project benefits reviews are performed

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

An End Stage Report is prepared for the final stage

The project closure notification is reviewed and approved

During the Closing a Project process in PRINCE2, the ownership of the project’s products is formally transferred to the customer, ensuring that all deliverables have been accepted and are ready for operational use. This transfer marks the formal completion of the project. References: PRINCE2 Foundation official study guide and materials.

QUESTION 277
Which describes a risk event?

The area of uncertainty in terms of the threat or opportunity

The derivation or sources of a potential risk to the project

The achievement of a milestone on the project plan

The sequence of events and actions that will be put in place if a risk occurs

Section: Volume B
Explanation/Reference: http://prince2.wiki/Risk

QUESTION 278
Which is NOT one of the PRINCE2 integrated elements?

Tailoring PRINCE2 to the project environment

The processes

The products

The themes

In the context of PRINCE2, the integrated elements include the principles, themes, processes, and tailoring PRINCE2 to the project environment. ‘The products’ are not listed as one of these integrated elements.
Instead, they are outputs or deliverables that result from applying the PRINCE2 methodology to project management. References: PRINCE2 Foundation manual, PRINCE2 official resources

QUESTION 279
Which of the following statements about the Closing a Project process are true?
1. The Closing a Project process provides a fixed point for the receipt of completed Work Packages for the work performed in the final stage.
2. The Closing a Project process provides a fixed point to review if the objectives set out in the original Project Initiation Documentation have been achieved. Packages for the work performed in the final stage.

Only 1 is true

Only 2 is true

Both 1 and 2 are true

Neither 1 or 2 are true

QUESTION 280
Identify the missing words in the following sentence. The role of [ ? ] is responsible for carrying out a risk response action to respond to a particular risk.

Project Assurance

Project Support

the risk actionee

the risk owner

QUESTION 281
Which is the purpose of the Change theme?

Prevent change to baselined products

Identify, assess and control any potential and approved changes to baselined products

Establish mechanisms to monitor and compare actual achievements against those planned

Assess and control uncertainty

The purpose of the Change theme in PRINCE2 is to establish a clear, structured approach for identifying, assessing, and controlling changes to baselined products. This theme ensures that only approved changes are implemented, helping to manage and minimize their potential impacts on the project’s objectives. References:
PRINCE2 Foundation manual, PRINCE2 official resources

QUESTION 282
Which is NOT one of the levels of plan recommended by PRINCE2?

Benefits Review Plan

Project Plan

Stage Plan

Team Plan

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Dec 07, 2024 Reliable Study Materials for PR2F Exam Success For Sure [Q262-Q282]