PRINCE2 PRINCE2 Certifications PRINCE2-FOUNDATION Questions & Answers

• Question 1061:

  Which level of management in the project management team has the ability to review progress and decide whether to continue, change or stop the project?

  A. Project Manager

  B. Project Board

  C. Team Manager

  D. Corporate or programme management

  Correct Answer: B

• Question 1062:

  There should be at least two management stages in a PRINCE2 project. Which of the following options describes those stages?

  A. Initiation as the first stage, the remainder of the project as the second stage

  B. Initiation as the first stage, closure activities as the second stage

  C. Procurement as the first stage, design and implementation as the second stage

  D. Pre-project work as the first stage, initiation as the second stage

  Correct Answer: A

• Question 1063:

  Please refer to section 10.3.2.1 in the PRINCE2 Manual. (Exception Plans are only produced if requested by the Project Board. Team Plans and the use of seperate people as Team Managers are optional in PRINCE2)

  A. Use of Team Managers

  B. Use of management stages

  C. Use of Exception Plans

  D. Use of Team Plans

  Correct Answer: B

• Question 1064:

  The Project Board have overall control at what level?

  A. Day-to-day control for a management stage within stage tolerance

  B. Work Package level within Work Package tolerance

  C. Project level within project tolerance

  D. All levels of plans and tolerances

  Correct Answer: C

• Question 1065:

  What name is given to the permissible deviation allowed above and below a plan's target for time and cost without escalating the deviation to the next level of management?

  A. Concession

  B. Tolerance

  C. Contingency

  D. Allowance

  Correct Answer: B

• Question 1066:

  If any type of issue or risk (or aggregation of them) cannot be resolved within the tolerances set by the Project Board, which of the following products would first be sent to the Project Board to inform them of this deviation?

  A. Exception Report

  B. End Stage Report

  C. Highlight Report

  D. Updated Risk and Issue Registers

  Correct Answer: A

• Question 1067:

  Tolerance forms a key element of allowing the Project Board to manage by exception. Which of the following statements are correct regarding tolerance?

  1.

  The Project Board sets project tolerances

  2.

  Tolerances can be applied for Time, Cost, Scope, Quality, Benefit and Risk

  3.

  The Project Manager sets Work Package tolerance

  4.

  Cost tolerance should not be used to pay for authorized requests for change

  A. 1,2,3

  B. 1,2,4

  C. 1,3,4

  D. 2,3,4

  Correct Answer: D

• Question 1068:

  When it is forecast that one or more tolerances are to be exceeded, what should happen first?

  A. The next higher level of management will begin to execute management by exception

  B. The appropriate level of management must refer the matter to the next higher level

  C. The Project Plan will be replaced by a fallback plan

  D. The appropriate level of management will automatically produce and execute an Exception Plan to recover from the deviation without referral

  Correct Answer: B

• Question 1069:

  Which product produced by the Project Manager would contain information on 'products completed in the period'?

  A. Product Status Account

  B. Checkpoint Report

  C. Highlight Report

  D. Exception Report

  Correct Answer: C

• Question 1070:

  Which product would the Project Manager use for gathering Work Package progress information?

  A. Highlight Report

  B. Daily Log

  C. Checkpoint Report

  D. Product Status Account

  Correct Answer: C