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PRINCE2-Foundation
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Question 26
Which is a purpose of the Risk theme?
- A: Establish a procedure to ensure every change is agreed by the relevant authority before it takes place
- B: Establish a cost-effective procedure to identify, assess and control uncertainty
- C: Establish mechanisms to control any unacceptable deviations from plan
- D: Establish mechanisms to manage risks at the corporate or programme level of an organization
Question 27
Identify the missing words in the following sentence. A risk budget is a sum of money included in the [ ? ] and set aside to fund specific management responses to a project's threats and opportunities.
- A: change budget
- B: project budget
- C: project's cost tolerance
- D: project's risk tolerance
Question 28
Which of the following refers to the actions identified to bring a situation to a level where exposure to a risk is acceptable?
- A: Risk category
- B: Risk description
- C: Risk response
- D: Risk status
Question 29
Which describes a risk effect?
- A: The uncertainty expressed as a negative or favourable occurrence
- B: The issue which is affecting the project and has resulted in a risk
- C: The impact(s) on the project objectives should the threat or opportunity occur
- D: The change in the status of a risk in response to actions taken to control it
Question 30
Which describes risk probability?
- A: Level of risks which the project can tolerate before escalating to the Project Board
- B: Probable effect on the project delivering its objectives
- C: Timeframe within which the risk may occur
- D: A measure of the likelihood of the risk occurring
Question 31
Which is a purpose of a Risk Register?
- A: Capture risks that may occur during the project
- B: Record how risk management activities will be undertaken on the project
- C: Record the risk tolerance for the project
- D: Capture issues which are impacting on the delivery of the project objectives
Question 32
Which is the Issue Register NOT used for?
- A: Capture external events that are impacting a stage
- B: Record information about a deviation in stage tolerance
- C: Capture any threats or opportunities that might have an impact on a stage
- D: Record any problems identified when authorizing a Work Package
Question 33
Which role is responsible for ensuring the project is justified in terms of cost?
- A: Project manager
- B: Executive
- C: Senior user
- D: Senior supplier
Question 34
What is described as an organization's unique attitude towards risk taking
- A: Risk appetite
- B: Risk management
- C: Risk evaluation
- D: Risk tolerance
Question 35
Which is a purpose of the Risk Register?
- A: Describe the risk management techniques and standards to be applied to the project
- B: Act as a central record of information relating to the identified risks for the project
- C: Act as a repository for informal issues
- D: List the responsibilities for achieving an effective risk management procedure
Question 36
Which process provides the Project Board with sufficient information for it to review the success of a completed stage and confirm continued business justification?
- A: Controlling a Stage
- B: Closing a Project
- C: Directing a Project
- D: Managing a Stage Boundary
Question 37
Which is a purpose of the Managing a Stage Boundary process?
- A: Provide the Project Board with sufficient information for approving the next stage
- B: Approve the next Stage Plan
- C: Review and close any risks and issues identified during the previous stage
- D: Control the link between the Project Manager and the Team Manager(s)
Question 38
During the Managing a Stage Boundary process what product is updated with estimated costs and time for the stage that is about to begin?
- A: End Stage Report
- B: Team Plan
- C: Work Package
- D: Project Plan
Question 39
What plan is created, and submitted for approval, during the Managing a Stage Boundary process?
- A: Team Plan
- B: Stage Plan
- C: Benefits Review Plan
- D: Project Plan
Question 40
Which activity takes place within the Managing a Stage Boundary process?
- A: Produce Highlight Reports
- B: Take corrective action within the limits of a stage's tolerance
- C: Produce an Exception Plan
- D: Authorize a Stage Plan for the next stage
Question 41
If the Project Board instructs the Project Manager to implement a request for change, which document would contain details of that change?
- A: Checkpoint Report
- B: Highlight Report
- C: Issue Report
- D: Product Status Account
Question 42
Which is a purpose of a Project Brief?
- A: Enable the assembly of the project mandate
- B: Describe the reporting requirements of the various layers of management involved with the project
- C: Describe how changes to products will be controlled
- D: Provide a solid basis for the initiation of the project
Question 43
Which is an objective of the Starting up a Project process?
- A: Identify who will be responsible for creating the Project Plan
- B: Agree how the project will be monitored and controlled after initiation
- C: Authorize the Project Manager to proceed with the initiation stage
- D: Agree how issues and changes will be identified, assessed and controlled
Question 44
Which is created during the Starting up a Project process?
- A: Project mandate
- B: Project management team role descriptions
- C: Communication Management Strategy
- D: Quality Register
Question 45
Which should be provided by corporate or programme management before the Starting up a Project process commences?
- A: A Project Brief
- B: Sufficient information to identify the prospective Executive
- C: The Project Initiation Documentation
- D: Authority to initiate a project
Question 46
How is the tailoring approach defined for a project?
- A: The project board approves the approach
- B: The project board documents the approach
- C: Project assurance approves the approach
- D: Project assurance documents the approach
Question 47
Which is a purpose of the change theme?
- A: To prevent change to baselined products
- B: To identify, assess and control any potential and approved changes to baselined products
- C: To establish mechanisms to monitor and compare actual achievements against those planned
- D: To assess and control uncertainty
Question 48
Which is the purpose of the Change theme?
- A: To prevent change to baselined products
- B: To identify, assess and control any potential and approved changes to baselined products
- C: To establish mechanisms to monitor and compare actual achievements against those planned
- D: To assess and control uncertainty
Question 49
Why is a project brief produced?
- A: To act as a trigger for the 'starting up a project' process
- B: To record the how the project will communicate with its stakeholders
- C: To provide a full and firm foundation for the initiation of a project
- D: To be used by the project board as a basis for reviewing the progress of a project
Question 50
Which is a key decision made during the 'directing a project' process?
- A: Select and appoint the project executive
- B: Approve the project manager role description
- C: Confirm that the benefits management approach addresses all expected benefits
- D: Approve the proposed project mandate
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