PRINCE2 PRINCE2-7-Foundation Practice Test - Questions Answers, Page 3

Time-driven controls in PRINCE2 are specifically designed to monitor the progress of Work Packages and management stages at regular intervals. These controls ensure that the project stays on schedule and that any deviations are identified and managed promptly.

Reference: PRINCE2 Foundation official study materials.

Both statements are true within the PRINCE2 framework. Statement 1 is accurate as the Project Manager does have day-to-day control within the limits set by the Project Board for a management stage. Statement 2 is also correct because if a Team Manager forecasts a deviation beyond Work Package tolerances, it should indeed be referred to the Project Manager.

Reference: PRINCE2 Foundation official study materials.

The Progress theme in PRINCE2 provides all management levels within the project management team with mechanisms for monitoring and control. It involves tracking the ongoing viability of the plans and the project's objectives, and it includes mechanisms for reporting, reviewing, and ensuring that decisions on continued investment are based on accurate information.

Reference: PRINCE2 Foundation manual, PRINCE2 official resources

The information in a Lessons Report should be used by the corporate group to refine, change, and improve the standards within a quality management system. This approach ensures that insights and learnings gained from individual projects are integrated into organizational knowledge and contribute to continuous improvement across all projects.

Reference: PRINCE2 Foundation manual, PRINCE2 official resources

The statement that technical stages include the Managing a Stage Boundary process activities is false. Technical stages refer specifically to the application of skills and techniques during the project delivery process. The Managing a Stage Boundary process is concerned with the end of a management stage and planning the next stage, not directly with technical delivery.

Reference: PRINCE2 Foundation manual, PRINCE2 official resources

The correct procedure for a Team Manager to report that tolerances are forecast to be exceeded is to create an Exception Report. This report is a crucial tool in PRINCE2 for escalating issues that cannot be resolved within the agreed tolerances, ensuring that they are brought to the attention of higher management for decision-making.

Reference: PRINCE2 Foundation manual, PRINCE2 official resources

A characteristic that distinguishes a project from regular business operations is that it introduces business change. Projects are temporary endeavors undertaken to create a unique product, service, or result, and they often drive significant changes within an organization, unlike regular operations, which are repetitive and ongoing.

Reference: PRINCE2 Foundation manual, PRINCE2 official resources

The characteristic of a project that reflects different perspectives and motivations for customers and suppliers is its 'Unique' nature. Projects typically bring together diverse groups, each with distinct objectives and expectations. The uniqueness of a project involves these varied stakeholder inputs and requirements, which often need to be balanced and managed.

Reference: PRINCE2 Foundation manual, PRINCE2 official resources

In PRINCE2, the Communication Management Strategy is the document that outlines how project communications should be managed. It includes how information will be disseminated amongst stakeholders and how feedback will be collected. Negative outcomes perceived by stakeholders are typically recorded as part of the feedback mechanism defined in the Communication Management Strategy.

Reference: PRINCE2 Foundation official guide and study material.