PRINCE2 PRINCE2-7-Foundation Practice Test - Questions Answers, Page 25

An off-specification in PRINCE2 is a situation where a planned product does not meet its quality criteria or other requirements specified in the product description. This could include producing more or less than the defined quantity, implying deviation from the agreed specifications.

Reference: PRINCE2 Foundation Handbook, Off-Specifications section.

The 'Managing Product Delivery' process in PRINCE2 is designed to monitor the work assigned to a team manager. This process ensures that the work is completed according to the specifications agreed upon in the Work Package and provides a mechanism for the team manager to report progress back to the project manager.

Reference: PRINCE2 Foundation Handbook, Managing Product Delivery section.

A minimum requirement for applying the quality theme in PRINCE2 is keeping a record of all planned quality management activities. This requirement ensures that there is clear documentation of what quality checks will occur, who will perform them, and how they will be executed, which is fundamental for maintaining control over quality assurance throughout the project.

Reference: PRINCE2 Foundation Handbook, Quality Theme section.

The minimum requirement for applying the Plans Theme in PRINCE2 is following the product-based planning approach. This approach involves creating a product breakdown structure, writing product descriptions, and defining product dependencies before developing the schedule and resource plans. It ensures that plans are focused on the project's deliverables and their quality requirements.

Reference: PRINCE2 7 Foundation Handbook and official training materials.

The correct phrase that completes the sentence is 'The project manager has responsibility for day-to-day management of the project.' This highlights the project manager's role in overseeing the project's daily operations, ensuring that project activities align with the overall plan and objectives.

Reference: PRINCE2 7 Foundation Handbook and official training materials.

A risk budget may fund the implementation of a fallback plan, which is activated if a risk materializes. This ensures that resources are available to manage and mitigate the impact of risks on the project, aligning with proactive risk management strategies in PRINCE2.

Reference: PRINCE2 7 Foundation Handbook and official training materials.

A minimum requirement for applying the Organization Theme in PRINCE2 is to document the project management team structure. This documentation includes defining the roles and responsibilities of each team member, facilitating clear communication and effective management throughout the project lifecycle.

Reference: PRINCE2 7 Foundation Handbook and official training materials.

The project board in PRINCE2 represents the three project interests, which are business (value for money), user (those who will use the project's outputs), and supplier (those who provide the resources and skills). The project board is responsible for overseeing the project, ensuring that it delivers value and meets the requirements set out by these three interest groups.

Reference: PRINCE2 Foundation Handbook, Project Board section.

The PRINCE2 principle of 'Learn from experience' addresses concerns about the project team's familiarity with similar projects. It mandates that project teams seek out and learn from previous relevant experiences and lessons logged in prior projects to enhance their effectiveness and efficiency, even when facing unfamiliar project scenarios.

Reference: PRINCE2 Foundation Handbook, Learn from Experience principle section.