PRINCE2 PRINCE2-7-Foundation Practice Test - Questions Answers, Page 13

Undertaking quality reviews is a part of quality control within the PRINCE2 methodology. Quality control involves checking products against requirements and standards through activities like reviews, tests, and evaluations to ensure they meet the expected quality levels.

Reference: PRINCE2 Foundation Training Manual; PRINCE2 2017 Foundation handbook.

Producing quality records is a key part of quality control in PRINCE2. These records provide documented evidence that quality activities have been planned and executed according to the project's quality requirements, helping to ensure transparency and accountability in the quality management process.

Reference: PRINCE2 Foundation Training Manual; PRINCE2 2017 Foundation handbook.

In PRINCE2, customer's quality expectations (CQEs) are a high-level statement of what the customer expects from the project and are often expressed in broad terms. They are not necessarily measurable on their own but provide a sense of general quality requirements. In contrast, acceptance criteria are specific and precise; they form the list of conditions that a project product must meet to be accepted by key stakeholders. Therefore, statement 1 is false, and statement 2 correctly describes the customer's quality expectations.

Reference: PRINCE2 7 Foundation handbook and official documents.

Acceptance criteria should indeed be agreed upon between the customer and the supplier. This ensures that there is a clear, shared understanding of the conditions under which project outputs will be accepted. Acceptance criteria are detailed and measurable, contrary to being less specific than the customer's quality expectations. They can also be modified if necessary, provided there is agreement from relevant stakeholders.

Reference: PRINCE2 7 Foundation resources and materials.

The responsibility of a risk owner in PRINCE2 involves managing, monitoring, and controlling all aspects of the risk they are assigned. This includes ensuring appropriate risk responses are planned and implemented effectively.

Reference: PRINCE2 Foundation Training Manual; PRINCE2 2017 Foundation handbook.

In PRINCE2, the role specifically responsible for carrying out risk response actions is referred to as the 'risk actionee'. This role is assigned to an individual who is tasked with implementing the agreed upon actions to address specific risks. The risk owner, on the other hand, is responsible for the overall management of the risk.

Reference: PRINCE2 7 Foundation handbook and official documents.

The purpose of the Risk theme in PRINCE2 is to establish a cost-effective procedure to identify, assess, and control uncertainties or risks. This ensures that the project can cope with risks effectively. The Risk theme supports decision-making by improving the understanding of risks and their likely impact on achieving the project's objectives.

Reference: PRINCE2 7 Foundation resources and study materials.

The agreed amount of risk budget for a project is recorded in the Risk Management Strategy document. This document outlines how risks will be managed throughout the project, including the budget set aside specifically for implementing risk responses. It provides a structured approach to managing risks, including their identification, assessment, planning responses, and the funds allocated for these activities.

Reference: PRINCE2 7 Foundation handbook and documents.

The 'Implement' step within the recommended risk management procedure in PRINCE2 involves taking planned actions to respond to a risk. This step is crucial as it moves the risk response from the planning stage into actual execution, thus addressing the risk directly to mitigate its impact on the project.

Reference: PRINCE2 7 Foundation study guide and official documents.