PRINCE2 PRINCE2 Certifications PRINCE2-FOUNDATION Questions & Answers

• Question 991:

  Which of the following Plans are approved by the Project Manager?

  A. Project Plan

  B. Team Plan

  C. Exception Plan

  D. Stage Plan

  Correct Answer: B

• Question 992:

  Identify the missing word(s) in the following sentence... The [?] is used by the Project Manager to capture and maintain information on all of the identified threats and opportunities relating to the project.

  A. Risk Register

  B. Risk Management Strategy

  C. Issue Register

  D. Risk owner

  Correct Answer: A

• Question 993:

  Which of the following would NOT be classified as a threat to a project?

  A. A competitor may launch a rival product first thus affecting the expected market share for the product

  B. It is possible that the product completes user acceptance testing in a single test cycle rather that the scheduled two

  C. A prototype may be damaged in transit

  D. A critical meeting could be affected by air travel disruption

  Correct Answer: B

• Question 994:

  Which is NOT a recommended response type to respond to a threat?

  A. Avoid

  B. Reject

  C. Share

  D. Transfer

  Correct Answer: B

• Question 995:

  Which statement best describes the responsibilities of a risk actionee?

  A. Identifying risks to the project that might occur in their department

  B. Owning and authorizing the use of the risk budget to fund risk responses

  C. Managing, monitoring and controlling of all aspects of an assigned risk

  D. Carrying out a risk response action to respond to a particular risk

  Correct Answer: C

• Question 996:

  What is the goal of the 'identify context' step as part of the risk management procedure?

  A. Identify responses to risks identified in the Business Case

  B. Gather information about the project environment and objectives

  C. Gather information about risks for inclusion in Highlight Reports to the Project Board

  D. Identify the threats and opportunities that may affect the project's objectives

  Correct Answer: B

• Question 997:

  Identify the missing word in the following sentence... A risk consists of a combination of the of a perceived threat or opportunity occurring and the magnitude of its impact on objectives.

  A. Outcome

  B. Probability

  C. Dis-benefit

  D. Proximity

  Correct Answer: B

• Question 998:

  Which of the following are valid risk responses for threats?

  A. Accept, Enhance, Transfer

  B. Avoid, Enhance, Fallback

  C. Avoid, Accept, Fallback

  D. Exploit, Accept, Fallback

  Correct Answer: C

• Question 999:

  Which statement describes risk cause?

  A. The impact of a risk on the stage and project tolerance

  B. The situation or event that gave rise to a risk

  C. The area of uncertainty in terms of the threat or opportunity

  D. How likely a risk is to occur in a given project situation

  Correct Answer: B

• Question 1000:

  What is the purpose of the risk budget?

  A. To fund risk management activities defined in the risk management procedure

  B. To fund the cost of analyzing requests for change while executing a Work Package

  C. Funds set aside from the project budget to cover the costs of implementing risk responses

  D. Funds set aside from the project budget to cover the costs of identifying risks to the project

  Correct Answer: C