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NEW QUESTION # 66
Which control is time-driven?
- A. The creation of a highlight report
- B. The creation of an exception report
- C. The end of the financial year
- D. The completion of the PID
Answer: A
Explanation:
In PRINCE2, the creation of a highlight report is a time-driven control, typically scheduled at regular intervals, such as weekly or monthly during a stage. This report provides the Project Board and other stakeholders with a summary of the stage status, and it is triggered by the passage of time, not by specific events or exceptions within the project.References: = PRINCE2 7 Foundation Training Manual and official PRINCE2 website documentation
NEW QUESTION # 67
Which is a purpose of the Risk theme?
- A. Establish mechanisms to control any unacceptable deviations from plan
- B. Establish a procedure to ensure every change is agreed by the relevant authority before it takes place
- C. Establish a cost-effective procedure to identify, assess and control uncertainty
- D. Establish mechanisms to manage risks at the corporate or programme level of an organization
Answer: C
Explanation:
The purpose of the Risk theme in PRINCE2 is to establish a cost-effective procedure to identify, assess, and control the uncertainties or risks that can affect the achievement of project objectives. This involves understanding how risks can impact the project and managing them proactively to ensure project success.
References: PRINCE2 Foundation Training Manual; PRINCE2 2017 Foundation handbook.
NEW QUESTION # 68
Who should use the information in a Lessons Report to refine, change and improve the standards within a quality management system?
- A. Project Board
- B. Executive
- C. Corporate group
- D. Project Assurance
Answer: C
NEW QUESTION # 69
What is a benefits management approach used to assess?
- A. How the project's products have performed when in operational use
- B. The suitability of the project management team structure
- C. The effectiveness of the project strategies
- D. How the project has progressed against its plans
Answer: A
Explanation:
Section: Volume B
Explanation/Reference: https://mplaza.pm/prince2-benefits-management-approach-template/
NEW QUESTION # 70
Which is a minimum requirement for applying the plans theme?
- A. The team managers in the project must prepare team plans
- B. Scope tolerance must be prioritized using MoSCoW
- C. The project must have at least two management stages
- D. The project plan must be presented as a Gantt chart
Answer: A
Explanation:
Section: Volume B
Explanation/Reference: http://prince2.wiki/Themes#Plans_Theme
NEW QUESTION # 71
Which is a factor when deciding the duration of a management stage?
- A. The level of risk in the project
- B. The number of products to be produced in the project
- C. The work packages to be delivered
- D. The cost of the stage
Answer: C
Explanation:
When deciding the duration of a management stage in PRINCE2, one key factor is the work packages to be delivered during the stage. The content and complexity of these work packages can significantly influence the length of the stage, as they define the scope and volume of work to be completed before the next stage review. References: PRINCE2 Foundation Handbook, Tailoring and Adopting PRINCE2 section.
NEW QUESTION # 72
Which is a typical core activity within configuration management?
- A. Issue management
- B. Preparation
- C. Identification
- D. Quality inspection
Answer: C
Explanation:
Identification is one of the core activities within configuration management in the PRINCE2 methodology.
This activity entails defining and identifying the configuration items within a project, documenting their relationships and characteristics, and ensuring that each product's unique identity is maintained throughout the project. References: PRINCE2 Foundation Training Manual, PRINCE2 official website
NEW QUESTION # 73
Which statement applies to Stage Plans?
- A. Always have the same duration as the Project Plan
- B. Are produced at the same time as the Project Initiation Documentation
- C. Provide a baseline against which the Project Board monitor overall progress
- D. Assist the Project Manager in the day-to-day running and control of the project
Answer: D
NEW QUESTION # 74
Identify the missing word(s) in the following sentence. The Quality theme provides a set of rules and procedures which ensure that the [ ? ] created meet(s) the needs of the business.
- A. stages
- B. products
- C. controls
- D. project management team
Answer: B
Explanation:
Section: Volume B
NEW QUESTION # 75
Which statement about capability and competency within a project is CORRECT?
- A. People who appear to have the same skills and experience will probably undertake the same tasks in different ways
- B. People within a team will perform equally when working with different people
- C. People working as team members often have conflicting priorities contrary to the project's needs
- D. People who have participated in developing ways of working are more willing to be managed
Answer: A
Explanation:
This statement is correct as it highlights the individual differences among team members who may have similar skills and experiences but approach tasks differently. This variability can influence the way tasks are executed within a project, impacting team dynamics, project management approaches, and ultimately the project's success. Recognizing and managing these differences are crucial for effective team collaboration and project delivery.References: (PRINCE2 7 Foundation Handbook, AXELOS)
NEW QUESTION # 76
Which product records any project outcomes perceived as negative by stakeholders?
- A. Project Plan
- B. Business Case
- C. Communication Management Strategy
- D. Project Product Description
Answer: B
NEW QUESTION # 77
Which describes risk appetite?
- A. The budget set aside for potential changes to the scope of the project
- B. A common set of risk categories, risk scales and evaluation techniques
- C. The risks to the expected benefits
- D. An organization's unique attitude towards risk-taking
Answer: D
NEW QUESTION # 78
Which is an objective of the quality review technique?
- A. To baseline a product
- B. To determine the quality responsibilities of a project team
- C. To define the quality methods required within a project
- D. To provide a common understanding of what products a project will create
Answer: A
NEW QUESTION # 79
Which term is defined as a product that will not meet is quality specifications?
- A. Request for change
- B. Concern
- C. Off-specification
- D. Problem
Answer: C
Explanation:
The term 'off-specification' is defined as a product that will not meet its quality specifications. This indicates a variance from what was agreed upon in the product description, requiring attention and potentially corrective action to ensure the project's outputs meet the required standards. References: PRINCE2 Foundation glossary and project documentation guidelines.
NEW QUESTION # 80
When should the level of tailoring be defined?
- A. As a response to issues and risks experienced
- B. When reviewing what has been learned to date
- C. Before the project is triggered by the project mandate
- D. During the initiation stage
Answer: A
Explanation:
Explanation
Reference https://www.prince2primer.com/tailoring-prince2-methodology/
NEW QUESTION # 81
Identify the missing words in the following sentence. A project is [ ? ] organization that is created for the purpose of delivering business products.
- A. a technical
- B. an external
- C. a corporate
- D. a temporary
Answer: D
Explanation:
Section: Volume A
NEW QUESTION # 82
Which is a purpose of the plans theme?
- A. To identify, assess and control any potential changes to the baseline
- B. To understand whether the targets are achievable
- C. To assess and control uncertainty
- D. To establish the project's structure of accountability
Answer: B
Explanation:
Section: Volume B
Explanation/Reference: http://prince2.wiki/Plans
NEW QUESTION # 83
Identify the missing word(s) in the following sentence, PRINCE2 recommends three levels of [?] to reflect the needs of the different levels of management involved in a project,
- A. Time-driven controls
- B. Stakeholder interests
- C. Plan
- D. Management strategies
Answer: C
NEW QUESTION # 84
Which is a FALSE statement about technical stages?
- A. Can span more than one management stage
- B. Can overlap with other technical stages
- C. Include the Managing a Stage Boundary process activities
- D. Typified by the use a particular set of specialist skills
Answer: C
Explanation:
The statement that technical stages include the Managing a Stage Boundary process activities is false.
Technical stages refer specifically to the application of skills and techniques during the project delivery process. The Managing a Stage Boundary process is concerned with the end of a management stage and planning the next stage, not directly with technical delivery. References: PRINCE2 Foundation manual, PRINCE2 official resources
NEW QUESTION # 85
What is described as an organization's unique attitude towards risk taking
- A. Risk management
- B. Risk evaluation
- C. Risk tolerance
- D. Risk appetite
Answer: D
Explanation:
An organization's unique attitude towards risk-taking is described as its 'Risk appetite'. Risk appetite defines the level and type of risk that an organization is willing to pursue or retain. This concept is critical in guiding how risks are managed across projects, as it influences decision-making and strategy regarding risk exposure.References: PRINCE2 7 Foundation study guide and official documents.
NEW QUESTION # 86
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.
- A. Neither 1 or 2 are true
- B. Only 2 is true
- C. Only 1 is true
- D. Both 1 and 2 are true
Answer: D
NEW QUESTION # 87
What product records any time tolerances agreed between the Project Manager and Team Manager?
- A. Stage Plan
- B. Work Package
- C. Product Description
- D. Project Initiation Documentation
Answer: B
NEW QUESTION # 88
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The EXIN PR2F exam is divided into multiple sections, covering various aspects of the PRINCE2 methodology. These sections include the principles, themes, and processes of PRINCE2. Candidates are required to demonstrate their understanding of the PRINCE2 methodology by answering multiple-choice questions related to these sections.
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