Chapter 2: Principles

Question 1

What is the definition of the PRINCE2 Principles?

Answer 1

The PRINCE2 principles are the guiding obligations that determine whether the project is genuinely being managed using PRINCE2 and ensure effective application and
tailoring of PRINCE2 to any project.

Question 2

How many are the PRINCE 2 Principles?

Answer 2

SEVEN (7)

Question 3

What are the SEVEN (7) PRINCE 2 Principles?

Answer 3

1. Ensure continued Business justification
2. Learn from experience
3. Define roles, responsibilities and relationships
4. Manage by stages
5. Manage by exception
6. Focus on products
7. Tailor to suit the project

Question 4

Do the 7 PRINCE2 principles offer flexibility?

Answer 4

YES

Question 5

What should happen to the project if the business justification is not any more sufficient after project initiation?

Answer 5

The project should be stopped

Question 6

When does learning from experience occur?

Answer 6

1. When starting a project
2. As the project progresses
3. As the project closes

Question 7

Which primary stakeholders do all projects have?

Answer 7

All projects have the following primary stakeholders: the business, users, and suppliers

Question 8

The assignment of roles to individuals throughout the life of the project and their responsibilities must be clear, unambiguous, and accepted. True or False?

Answer 8

True

Question 9

What is the definition of Manage by stages principle?

Answer 9

The section of a project that the project manager is managing on behalf of the project board at any one time.

Question 10

Definition of manage by stages:

The section of a project that the _____ _______is managing on behalf of the project board at any one time.

Answer 10

Project Manager

Question 11

A PRINCE2 project is planned, _______, and controlled on a stage-by-stage basis.

Answer 11

A PRINCE2 project is planned, monitored, and controlled on a stage-by-stage basis.

Question 12

The ________ ________ authorizes one stage of the project at a time and delegates the authority for day-to-day control of the stage, within agreed tolerances, to the project manager

Answer 12

The project board authorizes one stage of the project at a time and delegates the authority for day-to-day control of the stage, within agreed tolerances, to the project manager

Question 13

How many are the aspects of a plan’s performance requiring tolerances to be defined?

Answer 13

SEVEN (7)

Question 14

What are the seven aspects of a plan’s performance requiring tolerances to be defined

Answer 14

1. Benefits
2. Costs
3. Time
4. Quality
5. Scope
6. Sustainability
7. Risk

Question 15

How many are the types of products included in PRINCE?

Answer 15

FOUR (4)

Question 16

What are the four types of products in PRINCE 2?

Answer 16

1. Management Products
2. Specialist Products
3. Project Product
4. External Product

Question 17

When tailoring PRINCE2, it is important to remember that effective _______ _______ requires _______ (but not necessarily documents) and decisions (but not necessarily meetings).

Answer 17

When tailoring PRINCE2, it is important to remember that effective project management requires information (but not necessarily documents) and decisions (but not necessarily meetings).

Question 18

What is/are the purpose/s of tailoring PRINCE 2?

Answer 18

1. The project management method used is appropriate to the project
2. Project controls are appropriate to the project’s scale, complexity, importance, delivery method, team capability, and risk

Question 19

Who is responsible for tailoring a PRINCE 2 project?

Answer 19

The project manager

Question 20

Where are the tailoring information captured?

Answer 20

PID (project initiation documentation)