Prince2 Flashcards
Practicising
What should be implemented using a risk budget? 1. A request for change 2. A contingent plan 3. Actions to avoid a risk from occurring 4. Responses to dis-benefits A. 1 and 2 B. 2 and 3 C. 3 and 4 D. 1 and 4
B
What is a risk?
A. A certain event occurring in the future that will have a negative impact on the project’s objectives
B. An event that has already occurred that the project manager must deal with immediately
C. An uncertain event that, if it occurs, will have an effect on the achievement of objectives
D. An uncertain event that, if it occurs, will be automatically escalated to the project board
C
What is a risk actionee responsible for?
A. Identifying risks to the project that might occur in their department
B. Owning and authorizing the use of the risk budget to fund risk responses
C. Managing, monitoring and controlling of all aspects of an assigned risk
D. Carrying out a risk response action to respond to a particular risk
D
Which activity is part of the recommended risk management procedure?
A. Allocating a budget to investigate issues
B. Reviewing risk management practices to ensure that they are performing effectively
C. Sending information to stakeholders about risks to the projects
D. Resolving conflicts between the project and the programme board
C
Which is a minimum requirement when applying the ‘risk’ theme?
A. To identify and ring-fence an explicit risk budget within the project’s budget
B. To describe the probability impact grid in the risk management approach
C. To appoint project assurance to maintain the risk register during initiation
D. To assess if risks might have a material impact on business justification
D
Which is a purpose of the ‘quality’ theme?
A. To check that the project is viable and achievable
B. To ensure that the project outputs are agreed
C. To ensure that formal issues are recorded
D. To enable the project to be managed according to plan
B
Which project management team role can be combined with business assurance? A. Project support B. Senior supplier C. Executive D. Project manager
C
Which role can act as the change authority? A. Project assurance B. Team manager C. Project support D. Team member
A
Which role is responsible for ensuring that the project management team works well with all the functional units involved in the project? A. Project board B. Project manager C. Team manager D. Project assurance
A
Identify the missing words in the following sentence. If approved, an exception plan will replace the [ ? ] and show the actions required to recover from the effect of a tolerance deviation. A. benefits management approach B. project brief C. stage plan D. team plan
C
Which level of management sets the project level tolerances?
A. Project board
B. Team manager
C. Corporate, programme management or the customer
D. Project manager
C
Identify the missing words in the following sentence. The first step of [ ? ] is writing the project product description.
A. PRINCE2’s recommended approach to defining and analyzing the products
B. The ‘initiating a project’ process
C. Producing the project mandate
D. PRINCE2’s recommended issue and change control procedure
A
At which level does the project board set tolerances? A. Programme B. Project C. Stage D. Work package
C
Why may it be appropriate to increase the length of several short management stages?
A. The project needs more time to resolve risky, innovative aspects
B. The project needs more time to complete the initiation activities
C. The project board does not have confidence in the management team
D. The project board wants to reduce the project management overhead
D
Which describes a purpose of the ‘quality’ theme?
A. To facilitate control by defining the activities to deliver the specified products
B. To provide the means to check that the products meet specified criteria
C. To summarize completed quality activities for input to the end stage report
D. To define what the project must deliver in order to gain acceptance
B
According to the ‘manage by exception’ principle, what should happen if the stage cost tolerance is forecast to be exceeded?
A. The change authority should allocate the available change budget to bring the stage back within cost tolerance
B. The other tolerances should be immediately increased to ensure that the project remains within the cost tolerance
C. The project manager should escalate to the project board once the cost tolerance is actually exceeded
D. The forecast to exceed cost tolerance should be treated as an exception and escalated immediately to the project board
D
Which project board decision supports the ‘manage by stages’ principle?
A. Authorizing a request for change during a stage
B. Authorizing implementation of the next delivery stage
C. Authorizing an exception plan after an exception report
D. Authorizing a concession following an off-specification
B
Which is a purpose of an exception plan?
A. To show the reason for the tolerance deviation from a stage plan or project plan
B. To reduce the number of exception assessments, by agreeing a budget to cover the costs of any requests for change
C. To identify the actions required to recover from the effect of a tolerance deviation
D. To define the changes which are within the scope of the change budget
C
Which is a minimum requirement for applying the ‘plans’ theme?
A. To have an initiation stage, a delivery stage and a closing stage
B. To create an exception plan for team plans when necessary
C. To ensure that plans enable the business case to be delivered
D. To plan benefits reviews in a benefits management approach
C
Which theme supports management in deciding whether to start investing in a project? A. Business case B. Organization C. Plans D. Progress
A
Identify the missing words in the following sentence. The number of management stages for a project is defined by using the '[ ? ]' step of the recommended approach to planning. A. designing a plan B. defining and analysing the products C. preparing a schedule D. documenting a plan
A
Which statement about the length of management stages in a project is CORRECT?
A. A higher level of major risk will require a stage to be longer
B. Stage length is influenced by project board availability
C. A higher level of major risk will require a stage to be shorter
D. Use of management stages represents a time driven control
C
Which theme defines and implements the means by which the project will verify that products meet business requirements? A. Business case B. Change C. Progress D. Quality
D
