PRINCE2 PRINCE2-7-Foundation Practice Test - Questions Answers, Page 29

According to the 'continued business justification' principle in PRINCE2, a justifiable reason for a project is required before any work to start the project begins. This ensures that projects are initiated only when there is a clear business need, aligned with organizational objectives, and there is an expectation of value creation. The business case is developed during the initial stages of the project and is maintained and reviewed throughout the project lifecycle.

Reference: PRINCE2 Foundation Manual

The role of the change authority in PRINCE2 is to authorize changes within the project that do not exceed a predefined budget. This role is designated to ensure that any change proposals are evaluated and approved without exceeding the allocated budget for changes, thereby maintaining control over project costs and scope.

Reference: PRINCE2 Foundation Manual

A minimum requirement for applying the change theme in PRINCE2 is to identify whether an issue has the potential to affect the continuation of the project. This involves assessing the impact of potential changes or issues on the project's objectives and deciding whether they warrant considering the project as unviable in its current form.

Reference: = PRINCE2 7 Foundation handbook and online resources

The six aspects of project performance to be managed, as outlined in PRINCE2, are benefits, costs, timescales, scope, quality, and risk. Managing these aspects helps ensure that the project delivers its intended outputs while adhering to predetermined constraints and achieving desired outcomes.

Reference: = PRINCE2 7 Foundation handbook and online resources

The purpose of the quality theme in PRINCE2 is to ensure that the project outputs meet the requirements that have been agreed upon. This theme guides the processes and activities required to verify that deliverables are fit for purpose and meet the standards expected by stakeholders.

Reference: = PRINCE2 7 Foundation handbook and online resources

The Benefits Management Approach in PRINCE2 defines the specific actions that will be taken to ensure the project's outcomes are achieved. This approach includes plans for realizing benefits both during and after the project's lifecycle, ensuring that the project delivers the expected value to its stakeholders.

Reference: = PRINCE2 7 Foundation handbook and online resources

In PRINCE2, the responsibility for documenting any tailoring of the Business Case theme, along with other themes, generally falls to the Project Manager. This includes documenting how the theme is being applied in a particular project context, ensuring the approach remains appropriate and meets the project's requirements.

Reference: PRINCE2 Foundation Manual

The 'Controlling a Stage' process in PRINCE2 is used to manage and control each 'delivery stage' of a project. This process focuses on the day-to-day management of the project stages, ensuring that the project remains within its agreed tolerances and effectively addressing issues as they arise.

Reference: PRINCE2 Foundation Manual

In support of the 'manage by exception' principle, the Project Plan in PRINCE2 documents the project's tolerances for key variables such as cost, time, quality, scope, risk, and benefit. These tolerances define the limits within which the Project Manager can operate without needing to escalate decisions to the Project Board, facilitating efficient decision-making and control at each level of project management.

Reference: PRINCE2 Foundation Manual