PRINCE2 PRINCE2-7-Foundation Practice Test - Questions Answers, Page 37

According to the 'exception management' technique, the team manager should raise an issue when they predict that a product will cause a work package to exceed its time tolerance. This proactive approach allows for timely decision-making and corrective action by the Project Board, ensuring that project delivery is kept on track and within the agreed tolerances.

Reference: PRINCE2 methodology and exception management guidance.

The objectives of the 'Controlling a Stage' process in PRINCE2 include focusing on the completion of work within agreed tolerances and ensuring that all stage products meet the agreed quality expectations. These objectives are central to maintaining control over the stage and ensuring that the project delivers outputs that are fit for purpose.

Reference: = PRINCE2 7 Foundation Training Manual and official PRINCE2 website documentation

When a team manager is inexperienced, increasing the frequency of checkpoint reports can provide the project manager with more frequent updates on progress and issues. This allows for quicker identification and resolution of problems, thus maintaining better control over the project's progress and supporting the team manager more effectively.

Reference: = PRINCE2 7 Foundation Training Manual and official PRINCE2 website documentation

The risk culture of an organization can make decision-making less effective when individuals adopt an attitude that leads them to ignore threats to objectives. This behavior results in underestimating or neglecting the potential impacts of risks, which can compromise the decision-making process and lead to less effective risk management and project outcomes.

Reference: PRINCE2 7 Foundation training materials and risk management guidelines.

A new team member looking to understand the project team structure and reporting lines should review the 'Role Descriptions'. This management product provides detailed information about each role within the project, including responsibilities and reporting relationships, which helps new members understand their place within the team and to whom they report.

Reference: PRINCE2 Foundation official guide and project management templates.

Risk appetite is defined as the amount and type of risk that an organization is willing to take in pursuit of its objectives. This concept helps organizations balance the potential benefits of risk-taking with their capability to manage the impact of unfavorable outcomes.

Reference: PRINCE2 training manual and risk management framework.

The principle that the project manager is applying by reviewing changes in team dynamics is 'Tailor to suit the project context'. This principle involves adapting the management of the project to the environment, including the team dynamics, to ensure that the project management approach is appropriate for the specific context and challenges of the project.

Reference: PRINCE2 7 Foundation handbook and principles section.

In the 'planning' technique, a team manager should break down the cost of delivering a work package during the 'Preparing estimates' step. This involves estimating the resources and time required to deliver each component of the work package, which are critical for budgeting and resource allocation.

Reference: PRINCE2 Foundation course material on planning techniques and project management documentation.

Topic 4, Exam Pool D

Change management is important in a project because it provides structured processes and management products to manage and implement changes effectively. This ensures that all changes are assessed, approved, managed, and documented properly, helping the project adapt to changes while maintaining control and alignment with project objectives.

Reference: PRINCE2 Foundation official resources and training on change management.