PRINCE2 PRINCE2-7-Foundation Practice Test - Questions Answers, Page 27

According to PRINCE2, an effective project board must have the ability to delegate appropriately. This characteristic is essential to ensure that decisions and tasks are assigned to the right members of the project management team, facilitating efficient governance and management of the project.

Reference: PRINCE2 7 Foundation Handbook and official training materials.

One of the objectives of the 'Directing a Project' process in PRINCE2 is to ensure that there is a clear interface between the project and corporate or programme management. This process enables strategic oversight and decision-making, aligning the project with broader organizational objectives and governance frameworks.

Reference: PRINCE2 7 Foundation Handbook and official training materials.

The purpose of the 'Identify the Risks' step within the recommended risk management procedure is to identify uncertainties that may impact the achievement of project objectives. This step involves recognizing potential issues and challenges that could threaten the project's success, enabling proactive management and mitigation strategies.

Reference: PRINCE2 7 Foundation Handbook and official training materials.

The Initiation Stage Plan specifies how the project board should approve management products produced during the 'initiating a project' process. It sets out the plan for the initiation stage, detailing the management and control of this stage, including how deliverables are to be reviewed and approved.

Reference: PRINCE2 7 Foundation Source: PRINCE2 Foundation handbook and online resources

The Communication Management Approach describes the means and frequency of communication to parties both within and outside the project. It outlines how the project will engage with stakeholders, including corporate, programme management, or the customer. This approach ensures that necessary information is provided to the right stakeholders at the right time.

Reference: PRINCE2 7 Foundation Source: PRINCE2 Foundation handbook and online resources

One of the six aspects of project performance to be managed according to PRINCE2 is 'timescales'. Managing timescales involves planning and controlling when products will be delivered and ensuring the project remains within the agreed schedule.

Reference: PRINCE2 7 Foundation Source: PRINCE2 Foundation handbook and online resources

The purpose of the Business Case theme in PRINCE2 is to establish a viable investment proposition. It justifies the investment in the project through an ongoing assessment of benefits, costs, and risks, ensuring that the project remains desirable, viable, and achievable throughout its life.

Reference: PRINCE2 7 Foundation Source: PRINCE2 Foundation handbook and online resources

In PRINCE2, the role responsible for appointing the Senior User, as well as other key project roles such as the Executive and the Senior Supplier, is typically taken by someone from corporate or program management, or the customer. This aligns with the principle of clearly defined roles and responsibilities, ensuring that the project has clear governance and accountability. The Senior User is appointed to represent the interests of all those who will use the project's products, who will benefit from the outcomes, and those whose work might be impacted by the change.

Reference: PRINCE2 Foundation Manual

The goal of the 'implement' step within the recommended risk management procedure in PRINCE2 is to prepare specific management responses to the identified risks. This involves developing strategies to enhance opportunities and reduce threats to the project's objectives, ensuring that appropriate responses are ready for implementation.

Reference: = PRINCE2 7 Foundation handbook and online resources