PRINCE2 PRINCE2-7-Foundation Practice Test - Questions Answers, Page 33

The management product used to record relationships between specialist products in PRINCE2 is the Configuration Item Record. This record includes information on each product's status, version, and interrelationships, providing a comprehensive overview of how different project outputs are connected and managed.

Reference: PRINCE2 Foundation Manual

A minimum requirement for applying the 'change' theme in PRINCE2 is to document the format and contents of the issue register. This ensures that all issues, including requests for change, are captured systematically and managed appropriately throughout the project lifecycle.

Reference: = PRINCE2 7 Foundation handbook and online resources

During the 'assessing issues' step, the project manager should consider the impact of alternative options for resolution. This involves evaluating different ways to address the issue, assessing their potential impacts on the project's objectives, timescales, costs, and risks, and then proposing the most appropriate solution for decision by the project board.

Reference: = PRINCE2 7 Foundation handbook and online resources

The Exception Report must be used to inform the project board of a predicted deviation from the agreed stage limits. This report is triggered when stage tolerances are forecasted to be exceeded, requiring the project board's decision on how to proceed with the project.

Reference: = PRINCE2 7 Foundation handbook and online resources

Tolerances are a minimum requirement for applying the 'progress' theme in PRINCE2. They define the allowable deviations in time, cost, quality, scope, risk, and benefit objectives that do not require escalation to higher management levels. This control mechanism ensures that the project operates within agreed boundaries without frequent upper management intervention.

Reference: = PRINCE2 7 Foundation handbook and online resources

The Progress theme in PRINCE2 establishes mechanisms to control the project against its baselines by providing ongoing forecasts for the project's objectives and continued viability. This theme ensures that the project remains on track to deliver the expected outcomes and can adapt to changes when necessary.

Reference: = PRINCE2 7 Foundation handbook and online resources

If project-level tolerance is exceeded, the course of action must be approved at a level higher than the project board, typically by corporate, programme management, or the customer. This ensures that higher management levels are involved in decisions when significant variances that might impact project viability or strategic alignment occur.

Reference: = PRINCE2 7 Foundation handbook and online resources

A time-driven control is defined as a monitoring system that is based on a fixed time interval, such as weekly or monthly progress reports. The expected frequency of progress reports specified in a work package represents a time-driven control, where updates are required at predefined intervals irrespective of the state of the project at those times.

Reference: = PRINCE2 7 Foundation handbook and online resources

The purposes of the 'directing a project' process are to enable the project board to be accountable for the project's success by making key decisions (1) and to exercise overall control of the project (4). This process ensures that strategic guidance and oversight are maintained, but does not directly involve the project board in authorizing work packages or preparing communication approaches---that's handled by the project manager.

Reference: = PRINCE2 7 Foundation handbook and online resources