PRINCE2 PRINCE2-7-Foundation Practice Test - Questions Answers, Page 4

The Benefits Review Plan in PRINCE2 does not typically involve defining the period over which the cost-benefit analysis will be based. Its main purposes are to describe how and when the benefits of the project will be measured, including the scope, timing, and responsibility for the benefit reviews post-project closure.

Reference: PRINCE2 Foundation official guide and study material.

The Business Case in PRINCE2 documents the information needed to establish and maintain a project's continued business justification. It includes details on the expected benefits, costs, risks, and the rationale for the project, providing a basis to judge whether the project remains viable.

Reference: PRINCE2 Foundation official guide and study material.

This answer remains the same as question 3. The Benefits Review Plan's purpose does not typically include defining the period for the cost-benefit analysis. Instead, it focuses on outlining how the benefits of the project are to be reviewed and measured after the project's closure.

Reference: PRINCE2 Foundation official guide and study material.

These answers are derived from the official PRINCE2 documentation and study materials available for the PRINCE2 Foundation certification.

An off-specification in PRINCE2 is considered a type of issue that arises when a project deliverable is forecasted to deviate from its agreed-upon specifications or requirements. It is an important part of the issue and change control procedure in PRINCE2, where it's recognized and managed to ensure the project stays aligned with its objectives.

Reference: PRINCE2 Foundation Training Manual, PRINCE2 official website

In the PRINCE2 framework, a type of issue that can commonly occur is a request for change. This refers to a proposal for a change or modification to any aspect of the project, which may involve changes to the project's baseline aspects such as scope, product descriptions, quality criteria, or timeframes.

Reference: PRINCE2 Foundation Training Manual, PRINCE2 official website

Verification and audit is a typical core activity within configuration management according to PRINCE2. This activity involves checking that products meet their requirements and are appropriately approved, and ensuring that all items are correctly accounted for, controlled, and both physically and logically consistent throughout the project lifecycle.

Reference: PRINCE2 Foundation Training Manual, PRINCE2 official website

Identification is one of the core activities within configuration management in the PRINCE2 methodology. This activity entails defining and identifying the configuration items within a project, documenting their relationships and characteristics, and ensuring that each product's unique identity is maintained throughout the project.

Reference: PRINCE2 Foundation Training Manual, PRINCE2 official website

Effective issue and change control within a PRINCE2 project relies heavily on a configuration management system. This system tracks all items of the project, including their versions and changes, allowing for controlled changes and ensuring that all items are identified, accounted for, and monitored throughout the project.

Reference: PRINCE2 Foundation official study guide and online resources.

The change budget in a PRINCE2 project is designed to fund changes that involve an increase in the agreed scope of the project. Such changes typically require additional budget allocations as they extend or modify what the project initially planned to deliver.

Reference: PRINCE2 Foundation official study guide and online resources.