PRINCE2 PRINCE2 Certifications PRINCE2-FOUNDATION Questions & Answers

• Question 971:

  What is risk appetite?

  A. An organization's unique attitude towards risk taking that in turn dictates the amount of risk that it considers acceptable

  B. A stakeholder's perception of how a risk effects them

  C. The net financial effect of all risks when aggregated together

  D. The levels of risk exposure that, when exceeded, will trigger an Exception Report

  Correct Answer: A

• Question 972:

  Identify the missing word(s) in the following sentence... Effective risk management helps to ensure the [?] are met

  A. Outcomes and benefits

  B. Stakeholder's needs

  C. Project objectives

  D. Quality criteria of each product

  Correct Answer: C

• Question 973:

  Which of the following steps would involve the actioning of any planned risk responses and monitoring their effectiveness?

  A. Identify

  B. Assess

  C. Implement

  D. Identify

  Correct Answer: C

• Question 974:

  Which of the following steps would involve the sending of information regarding project threats or opportunities to any external stakeholders?

  A. Identify

  B. Communicate

  C. Implement

  D. Plan

  Correct Answer: B

• Question 975:

  Which of the following steps would involve the identification of threats or opportunities to the project in terms of their cause, the event and the affect on objectives?

  A. Identify

  B. Assess

  C. Implement

  D. Identify

  Correct Answer: D

• Question 976:

  What is the name given to the individual assigned to carry out a risk response action or actions to respond to a particular risk or set of risks?

  A. Risk Manage

  B. Risk Coordinator

  C. Risk Actionee

  D. Risk Owner

  Correct Answer: C

• Question 977:

  Which of the following is TRUE regarding risk?

  A. A Risk Register contains details of the risk management techniques and standards to be applied

  B. The PRINCE2 risk management procedure consists of five iterative steps: Identify, Assess, Plan, Implement, Communicate

  C. A Risk Management Strategy is produced by a risk owner

  D. PRINCE2's approach to risk does not involve stakeholders

  Correct Answer: A

• Question 978:

  Which of the following is NOT one of the five risk management procedure steps?

  A. Assess

  B. Identify

  C. Plan

  D. Register

  Correct Answer: D

• Question 979:

  Where would the mechanism for the control of and access to a risk budget be defined?

  A. Risk Management Strategy

  B. Risk Register

  C. Risk profile

  D. Risk management procedure

  Correct Answer: A

• Question 980:

  Which of the following steps looks at the probability, impact and proximity of a risk?

  A. Communicate

  B. Assess (estimate)

  C. Identify (context)

  D. Plan

  Correct Answer: B