PRINCE2 PRINCE2-7-Foundation Practice Test - Questions Answers, Page 21

As part of the recommended risk management procedure in PRINCE2, it is essential to regularly review risk management practices to ensure their effectiveness. This involves evaluating how risks are identified, assessed, and controlled throughout the project lifecycle.

Reference: PRINCE2 Foundation Handbook, Risk Management section.

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.

The purpose of the 'controlling a stage' process in PRINCE2 is to ensure that the stage stays on course and reacts to unexpected events. This includes taking corrective actions when there are deviations from the stage plan that can be managed within the tolerances set by the project board.

Reference: PRINCE2 Foundation Handbook, Controlling a Stage section.

The purpose of a project brief in PRINCE2 is to provide a full and firm foundation for the initiation of the project. It includes information necessary to decide whether or not to initiate the project and acts as a base document against which the project board and key stakeholders can assess project progress during its lifecycle.

Reference: PRINCE2 Foundation Handbook, Project Brief section.

In PRINCE2, the Senior Supplier role is responsible for the quality of the specialist products delivered by the project. This role represents the interests of those designing, developing, facilitating, procuring, and implementing the project's products, ensuring that the products meet the required quality standards and fit for their intended purpose.

Reference: PRINCE2 7 Foundation Handbook and official training materials.

The Risk Management Approach in PRINCE2 must include, at a minimum, a description of the risk management procedure. This description outlines how risks will be identified, assessed, and controlled throughout the project, ensuring that risk management is systematic and effective.

Reference: PRINCE2 7 Foundation Handbook and official training materials.

The missing word in the sentence is 'processes.' PRINCE2 is a method that addresses project management through four integrated elements: principles, themes, processes, and tailoring the method to suit the project environment. The processes component includes a series of steps and activities to be carried out during the project's lifecycle.

Reference: PRINCE2 7 Foundation Handbook and official training materials.

A minimum requirement for applying the Change Theme in PRINCE2 is to record every issue that is raised in the issue register. This ensures that all potential and actual deviations from the plan are captured and managed appropriately, maintaining control over changes and supporting effective decision-making.

Reference: PRINCE2 7 Foundation Handbook and official training materials.

The 'learn from experience' principle in PRINCE2 is applied to ensure that lessons are sought, recorded, and acted upon throughout the life of the project. This principle helps the project team to replicate successes and avoid repeating past mistakes, thereby improving the efficiency and effectiveness of the project.

Reference: PRINCE2 Foundation Handbook, Learn from Experience section.