PRINCE2 PRINCE2-7-Foundation Practice Test - Questions Answers, Page 40

Uncertainty in a project is identified, assessed, and controlled by applying the risk practice. This practice involves systematic risk identification, analysis, and management, ensuring that risks are properly understood and addressed through appropriate responses to protect the project objectives.

Reference: PRINCE2 Foundation official guide and risk management section.

A project is defined as a temporary organization that is created for the purpose of delivering business products according to an agreed business case. This definition emphasizes the temporary and purpose-driven nature of a project, which is organized to achieve specific business objectives and then disbanded upon achieving its goals.

Reference: PRINCE2 7 Foundation manual and basic project management concepts.

In PRINCE2, the 'Directing a Project' process is where the key decisions to control the overall project are made. This process involves the Project Board and is crucial for providing overall direction and management oversight throughout the lifecycle of the project, including key decision points such as project initiation, stage boundaries, and project closure.

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

The objectives of the 'Starting up a Project' process in PRINCE2 include giving authority to initiate the project (ensuring there is a solid foundation before significant expenditure is committed), and appointing the resources needed to undertake the initiation phase of the project. This process sets the project up for success by confirming its scope, defining how it will be managed, and allocating the necessary resources.

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

Uncertainty in a project is identified, assessed, and controlled through the application of the 'Risk Management Practice' in PRINCE2. This practice involves systematic risk identification, assessment, and response planning to manage project risks effectively and ensure that they are within acceptable tolerance levels.

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

A key leadership activity within a project involves understanding and effectively working with different departments outside of the project team. This includes managing stakeholder expectations, ensuring alignment with broader organizational goals, and facilitating cross-functional collaboration, which are essential for the successful delivery of project outcomes.

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

During the 'Initiating a Project' process, the project manager develops key information, including the detailed Project Initiation Documentation (PID), which enables the project board to decide whether to proceed with the project. This information outlines the approach, plans, and controls that will govern the project, providing a foundation for detailed planning and informed decision-making by the project board.

Reference: PRINCE2 7 Foundation materials on the 'Initiating a Project' process.

Reviewing the project product description to identify detailed requirements for each product aligns with the step of 'Describing the Quality Management Approach' in the quality management technique. This step involves defining how quality will be managed and controlled throughout the project, ensuring that all product requirements are understood and planned for in accordance with the project's quality expectations.

Reference: PRINCE2 7 Foundation guide on quality management.

A feature of a stage plan that suggests a project is in danger of scope creep is when products identified in the stage plan cannot be traced back to the project plan. This indicates a lack of alignment between the stage and overall project objectives, potentially leading to uncontrolled changes or additions to the project scope, known as scope creep.

Reference: PRINCE2 7 Foundation documentation on stage planning and scope management.