Foundation 5

Question 1

Business objectives

Answer 1

The measurable outcomes that demostrate progress in relation to the organization’s strategy and to which a project should contribute

Question 2

Dis-benefits

Answer 2

The measurable declines resulting from an outcome, which would detract from one or more business objectives.

Question 3

Business objectives

Answer 3

Demonstrate progress to an organization’s mission, to which the project should contribute in some way

Question 4

Do-Noting differently

Answer 4

carry on as you are, even if there is an aggressive new entrant in your marketplace

Question 5

Purpose of the Business Case

Answer 5

Documents the business justification for the project

Question 6

Benefits Management approach

Answer 6

Benefits the actions and benefits reviews that are required to ensure that the outcomes and benefits are achieved.

Question 7

Sustainablitly management approach

Answer 7

TO define the actions, reviews, and controls what will be estableshed to ensure the that sustainablitily performance targets for the project are achieved

Question 8

Sustainability tolerance

Answer 8

The permissable deviation in the sustainablility targets that is allowed before the deviation needs to be escalated to the next level of management

Question 9

Benefits tolerance

Answer 9

The permissable deviaiton around expected benefits

Question 10

7 PRINCE2 Principles

Answer 10

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 11

Performance Targets

Answer 11

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

Question 12

Tailor to suite the project

Answer 12

> Use of terminology
Reflect the standards used in the industry
Alternative techniques or procedures for risk or issues practices
Reflect internal factors

Question 13

Definition of Organizational ecosystem

Answer 13

The internal elements of an organization( including staff, board, owners, and other stakeholders) together with the organizations external relationships such as customers, suppliers, regulators, and competitors.

Question 14

Definition of project ecosystem

Answer 14

Those elements of the business involved in or directly impacted by the project and the associated users and suppliers

Question 15

Organizational Ecosystem

Answer 15

Also knows as “Business as Usual” - the normal, permanent elements of an organization

Question 16

Project Ecosystem

Answer 16

Temporary organizational structure formed to deliver products

Question 17

Definition of change management

Answer 17

Change management is the means by which an organization transitions from the current state to the target state

Question 18

Definition of collaboration

Answer 18

People from across the project ecosystem working together to achieve the projects objectives

Question 19

Definition of leadership

Answer 19

Motivating people to achieve a project objectves. On projects, this is best done through collaboration across the project ecosystem, persuading, influencing and co-creating with a focus on managing key relationships and seeking regular feedback to ensure team members remain aligned to the projects objectives and agree to joint ways of working

Question 20

Definition of management

Answer 20

Instructing the execution of tasks in line with agreed ways of working. Co-creating ways of working with project team members (and stakeholders) significantly improves people’s willingness to be managed in line with them

Question 21

Definition of co-creation

Answer 21

A specific form of collaboration involving users and key influencers in the design of products and agreed ways of working to ensure they are adopted by the project and organizational ecosystem

Question 22

People - Focused Activities

Answer 22

1. Leading Successful change
2. Leading successful Teams
3. Communication

Question 23

Identify the missing word in the following sentence:
Prince2 defines a project as “a temporary organization that is created for the purpose of delivering one or more business products according to an agreed [?].

Answer 23

Business case

Question 24

Can you identify two of the four types of product?
A. outcome
b. specialist
c. Management
d. Dependency

Answer 24

Management
Specialist

Question 25

Which practice gives the answer to the question " Why are we doing the project?"

Answer 25

Business case

Question 26

Which principle is supported by the Quality practice?

Answer 26

Focus on products

Question 27

Which of these is another word for a "product"?

Answer 27

Output

Question 28

Which of these would not be regarded a people-focused activity of the "people" integrated element of Prince 2, underlying how 'people are central to the method"?

Answer 28

Leading successful meetings

Question 29

Identify the missing word(s) in the definiton of change management: Change management is the means by which an organization {?} from the current state to the target state.

Answer 29

Transitions

Question 30

Identify the missing word(s): With regard to effective use of communication channels on a project, generic messaging is seen as [?].

Answer 30

Rarely effective

Question 31

Business Case techniques

Answer 31

1. Develop 2. Check 3. Maintain 4. Confirm

Question 32

There are 4 products associated with the busines case techniques which are

Answer 32

1. Project Brief 2. Business Case 3. Benefits Management Approach 4. Sustainability management Approach

Question 33

In which process is a ‘full’ (or ‘detailed’) business case developed?

Answer 33

Initiating a project

Question 34

What is the idea or need that triggers a PRINCE2 project called?

Answer 34

Project Mandate

Question 35

Which part of the business case management technique, or business case management procedure by another name, is where the 'do-nothing differently' option will be explored?

Answer 35

Develop

Question 36

Identify the missing word in the following sentece: The purpose of the Business case practice is to establish mechanisms to judge wheter the projet is, and remains, [?], vialble and achievable as a means to support decision-making in its continued investment

Answer 36

Desirable

Question 37

Which of the following are two levels of management in PRINCE2? A. Supervising B. Creating C. Managing D. Directing

Answer 37

C and D

Question 38

Identify the missing word(s) in the following sentece: The purpose of the Organizing practice is to define and establish the project's structure of [?] and responsiblities.

Answer 38

Accountability

Question 39

Which Two of these would be factors when determining how to device a project into Stages? A. When the project Executive is available B. How far ahead it is sensible to plan C. The delivery approach such as iterative-incremenato for linear-sequential D. If the planner's preferred too lis Kanban boards or Gantt charts.

Answer 39

B and C

Question 40

Which of the following in one of the seven planning steps in the PRINCE2 planning technique, based on product-based planning?

Answer 40

Analysing risks

Question 41

Which two quality management products are component parts of the project log? A. Product Register B. Quality Register C. Quality management approach D. Project product description

Answer 41

A and B

Question 42

Identify the missing word(s) in the following sentence. PRINCE2 defines quality as: 'The degree to which a set of [?] characteristics of a product, service, process, person, organization, system or resource fulfils requirements".

Answer 42

Inherent

Question 43

What does the risk register consist off?

Answer 43

Risk identifier - unique reference for every risk Risk description - summary of the cause, event & effect Probability - how likely it is that the risk will occur Impact - Estimate of the risk effect Proximity - how soon a risk might occur Velocity - How quickly a risk would have an impact Risk responses - actions to counter the risk Planned residuel probability and impact - assuming the risk responses are effective Risk Owner - person responsible for managing the risk Risk action owner/s - for the risk responses Relevant dates - date logged, date last reviewed etc Records - associated documents and their locations

Question 44

Which of the following are two suitable responses to a threat? A. Avoid B. Reduce C. Exploit D. Enhance

Answer 44

Avoid & Reduce

Question 45

Name the types of issues

Answer 45

a. A request for change b. An off-specification c. A problem or concern d. An event external to a project e. A business opportunity

Question 46

Consider the following statement and decide how it should be categorized: The team manager has reported that the work package will finish two days outside its tolerance, but it can be completed within the stage tolerance.

Answer 46

Problem/Concern

Question 47

From the list shown, which is a time-driven control?

Answer 47

Highlight report

Question 48

Identify the missing word in the following sentence: The purpose of the Progress practice is to establish mechanisms to monitor and compare actual [?] against those planned; provided a forecast for the project objectives and continued viability; and control any deviations causing an excpetion.

Answer 48

Achievements

Question 49

Which two products are produced during starting up a project? A. Project Mandate B. Project initiation document C. Project brief D. Plan for the iniitiation stage

Answer 49

C & D

Question 50

Which two activities are used in the process Managing product Delivery? A. Execute a work package B. Evaluate a work package C. Evaluate work package status D. Authorise work packages

Answer 50

A & B