PRINCE2-Foundation Exam Practice Test Instant Access

Question 1

Which risk response type is appropriate to respond to an opportunity?

AAccept

BFallback

CExploit

DTransfer

Answer : C

The risk response type 'Exploit' is specifically designed to ensure that the opportunity is realized. This response is proactive and aims at making changes to exploit the opportunity fully, which aligns with managing opportunities within PRINCE2 risk management. Reference: PRINCE2 Foundation Training Manual; PRINCE2 2017 Foundation handbook.

Question 2

Which is an objective of the Closing a Project process?

APrepare the plan for the next stage

BAssess any benefits that have already been realized

CProduce a Benefits Review Plan to identify what benefits are expected

DCheck that all benefits are realized before closing a project

Answer : C

One of the objectives of the Closing a Project process is to produce a Benefits Review Plan. This plan outlines how the benefits of the project will be measured and reviewed after the project has been closed. It is crucial for ensuring that the benefits expected from the project are tracked and assessed in the post-project phase. Reference: PRINCE2 Foundation official study guide and materials.

Question 3

Within which integrated element does PRINCE2 set minimum requirements?

AThemes

BProcesses

CPrinciples

DProject environment

Answer : A

PRINCE2 sets minimum requirements within its themes. Themes support the principles and are aspects of project management that must be addressed continually and in parallel throughout the project. The themes provide knowledge areas necessary for the effective management of a project. Reference: PRINCE2 Foundation Handbook, Themes section.

Question 4

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)

Question 5

Which is a purpose of the Initiating a Project process?

ADecide if it is worthwhile to initiate a project

BDecide on the project approach

CEstablish solid foundations for a project

DIdentify the number of Work Packages required

Answer : C

The purpose of the Initiating a Project process is to establish solid foundations for the project, ensuring that there is a clear understanding of the reasons for the project, the benefits expected, and how the delivery will be managed. This foundation is crucial for the successful management and delivery of the project. Reference: PRINCE2 Foundation manual, PRINCE2 official resources

Question 6

According to the 'continued business justification' principle, what should happen to the funds when a project can no longer be justified?

AThey should be returned to corporate, programme management or customer

BThey should be used to create an alternative business case for the project

CThey should be transferred back to the project board to reassign

DThey should be used to deliver a reduction in the scope of the project

Answer : A

According to the 'continued business justification' principle of PRINCE2, if a project can no longer be justified --- meaning it no longer meets its original or updated justification for a viable return on investment --- the funds allocated to it should be returned to corporate, programme management, or the customer. This ensures that resources are not wasted on unjustifiable projects. Reference: = PRINCE2 7 Foundation handbook and online resources

Question 7

Which is NOT represented by one of the three primary categories of stakeholder identified in PRINCE2?

AThose with a financial interest in the project

BThose who will manage the project on a day-to-day basis

CThose who will specify the desired outputs of the project

DThose who will create the project's outputs

Answer : A

PRINCE2 identifies three primary categories of stakeholders: 1) those who will specify the desired outputs (customers/users), 2) those who will manage the project on a day-to-day basis (suppliers), and 3) those who use the project's outputs. Those with a financial interest in the project are not explicitly categorized as one of the primary stakeholder types in PRINCE2. Reference: PRINCE2 Foundation official study guide and materials.

PRINCE2 PRINCE 2 Foundation (7th Edition) PRINCE2-Foundation Exam Practice Test