PRINCE2-7-Foundation Exam Practice Test Instant Access

Question 1

The project manager has asked for a report to check whether there are any conflicts between the agreed state of the products and the actual

products being worked on.

Which part of effective issue management is the project manager applying?

ABaselines

BChange budget

CChange control

DIssue resolution

Answer : A

In PRINCE2, baselines are used to establish a reference point for the agreed state of products, against which actual progress can be compared and managed. By requesting a report to check for conflicts between the agreed and actual states of products, the project manager is effectively applying the concept of baselines within issue management. This helps in identifying deviations from the agreed deliverables and initiating corrective actions to address these discrepancies. Reference: (PRINCE2 7 Foundation Handbook, AXELOS)

Question 2

What is the BEST reason to perform the risk practice?

ATo ensure risks are assigned to people who will own and action them satisfactorily

BTo establish a supportive risk culture to enable decision-making

CTo ensure stop-go decisions at stage boundaries are risk-informed

DTo identiDfy and manage risks to project objectives

Answer : D

The primary reason to perform the risk practice within a PRINCE2 project is to identify and manage risks that could affect the project's objectives. Effective risk management ensures that potential threats and opportunities are adequately assessed and handled to minimize negative impacts and leverage positives, thereby safeguarding the project's success. Reference: PRINCE2 7 Foundation materials on risk management practices.

Question 3

Which is the BEST reason for a PRINCE? project to have at least two stages?

AIt enables the project team to close the project in an orderly fashion

Bit enables the project board to decide whether to proceed with the delivery of the project product

CIt enables the project team to change the scope of the project by agreeing the impact on the business case

DIt enables the project board to approve the appointment of external contractors, when required

Answer : B

One of the best reasons for a PRINCE2 project to have at least two stages is that it provides structured decision points. At the end of each stage, the project board reviews progress and decides whether to proceed with the next stage, ensuring that the project remains viable and aligns with business objectives before committing further resources. Reference: PRINCE2 7 Foundation resources on stage management.

Question 4

The project manager needs to record the impact assessment for a specific business opportunity.

In which management product should the project manager record this?

AIssue report

BIssue register

CRisk register

DQuality register

Answer : A

The project manager should record the impact assessment for a specific business opportunity in an 'Issue Report'. This management product is used to detail particular issues that might affect the project, including opportunities (which are treated like positive risks), and provides a basis for decision-making regarding these issues. Reference: PRINCE2 7 Foundation materials on issue management and related documentation.

Question 5

What should the 'organizing' practice address?

AHow to meet the user's requirements of the project products

BWhich members of the project management team should report to whom

CWhat might go wrong that could affect the achievement of the business objectives

Dwho will be impacted by the change and how they will need to transition the new capabilities

Answer : B

The 'organizing' practice in PRINCE2 should address how the project management team is structured, specifically detailing which team members should report to whom. This practice ensures clear lines of communication and responsibility within the project team, facilitating effective management and decision-making processes. Reference: (PRINCE2 7 Foundation Handbook, AXELOS)

Question 6

What does qualitative analysis of a risk assess, as a minimum?

AHow soon each risk might occur

BThe fallback plan for each risk

CThe likelihood and the effect of each risk on objectives

DThe speed with which the effect of each risk will be felt

Answer : C

Qualitative analysis of a risk in PRINCE2 assesses, at a minimum, the likelihood of each risk occurring and its potential impact on project objectives. This analysis helps in prioritizing risks based on their severity and likelihood, which is crucial for effective risk management and decision-making about risk responses. Reference: (PRINCE2 7 Foundation Handbook, AXELOS)

Question 7

Which should provide guidance on how and when prototyping is to be used?

AProduct description

BQuality management approach

CQuality register

DSustainability management approach

Answer : B

The Quality Management Approach in PRINCE2 should provide guidance on how and when prototyping is to be used within the project. This approach outlines the quality techniques and standards to be applied and the responsibilities for achieving the required quality levels. Prototyping, as a method to validate product quality and user requirements early in the development cycle, falls under these guidelines. Reference: (PRINCE2 7 Foundation Handbook, AXELOS)

PRINCE2-7-Foundation PRINCE2 7 Foundation written Exam Practice Test