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PRINCE2 PRINCE2-7-Foundation Practice Test - Questions Answers, Page 5

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Which should be funded from a change budget?

A.
The Starting up a Project process
A.
The Starting up a Project process
Answers
B.
A fallback plan
B.
A fallback plan
Answers
C.
An agreed change to the scope of a project
C.
An agreed change to the scope of a project
Answers
D.
A change to a plan, within allocated tolerances, due to poor estimating
D.
A change to a plan, within allocated tolerances, due to poor estimating
Answers
Suggested answer: C

Explanation:

Similar to the answer to question 11, the change budget is specifically allocated for changes that are agreed upon that modify the scope of the project. This ensures that any scope modifications are funded without compromising the existing budget for planned deliverables.

Reference: PRINCE2 Foundation official study guide and online resources.

Which is the Issue Register NOT used for?

A.
Capture external events that are impacting a stage
A.
Capture external events that are impacting a stage
Answers
B.
Record information about a deviation in stage tolerance
B.
Record information about a deviation in stage tolerance
Answers
C.
Capture any threats or opportunities that might have an impact on a stage
C.
Capture any threats or opportunities that might have an impact on a stage
Answers
D.
Record any problems identified when authorizing a Work Package
D.
Record any problems identified when authorizing a Work Package
Answers
Suggested answer: A

Explanation:

The Issue Register in PRINCE2 is used to capture and record all issues that may affect the project but it is not designed to capture external events unless they become issues directly impacting project deliverables or processes. Its primary function is to log problems identified in project execution, not general external events.

Reference: PRINCE2 Foundation official study guide and online resources.

If the Project Board instructs the Project Manager to implement a request for change, which document would contain details of that change?

A.
Checkpoint Report
A.
Checkpoint Report
Answers
B.
Highlight Report
B.
Highlight Report
Answers
C.
Issue Report
C.
Issue Report
Answers
D.
Product Status Account
D.
Product Status Account
Answers
Suggested answer: C

Explanation:

When the Project Board instructs the Project Manager to implement a request for change, details of that change are contained in an Issue Report. This document provides a detailed description of the issue, its evaluation, and the decisions regarding its resolution, including any changes to be implemented.

Reference: PRINCE2 Foundation official study guide and online resources.

These answers are based on the latest materials and guidelines from the PRINCE2 Foundation documentation and should reflect the most current practices and theoretical underpinnings of the methodology.

Which is the purpose of the Change theme?

A.
Prevent change to baselined products
A.
Prevent change to baselined products
Answers
B.
Identify, assess and control any potential and approved changes to baselined products
B.
Identify, assess and control any potential and approved changes to baselined products
Answers
C.
Establish mechanisms to monitor and compare actual achievements against those planned
C.
Establish mechanisms to monitor and compare actual achievements against those planned
Answers
D.
Assess and control uncertainty
D.
Assess and control uncertainty
Answers
Suggested answer: B

Explanation:

The purpose of the Change theme in PRINCE2 is to establish a clear, structured approach for identifying, assessing, and controlling changes to baselined products. This theme ensures that only approved changes are implemented, helping to manage and minimize their potential impacts on the project's objectives.

Reference: PRINCE2 Foundation manual, PRINCE2 official resources

Which step in the issue and change control procedure considers alternative options for responding to an issue that is being managed formally?

A.
Capture
A.
Capture
Answers
B.
Examine
B.
Examine
Answers
C.
Propose
C.
Propose
Answers
D.
Decide
D.
Decide
Answers
Suggested answer: B

Explanation:

In the issue and change control procedure within PRINCE2, the 'Examine' step involves considering alternative options to address an issue that is being managed formally. This step is crucial for evaluating the possible responses to an issue before making a decision on the best course of action.

Reference: PRINCE2 Foundation manual, PRINCE2 official resources

A product can NOT be supplied to meet all of the requirements in its baselined Product Description. What first action should be taken?

A.
Raise a request for change
A.
Raise a request for change
Answers
B.
Raise an off-specification
B.
Raise an off-specification
Answers
C.
Write an Exception Report
C.
Write an Exception Report
Answers
D.
Amend the Work Package
D.
Amend the Work Package
Answers
Suggested answer: B

Explanation:

When a product cannot meet all the requirements specified in its baselined Product Description, the first action to take is to raise an off-specification. An off-specification is used in PRINCE2 to formally identify any forecasted deviation from the agreed product requirements or quality expectations.

Reference: PRINCE2 Foundation manual, PRINCE2 official resources

Which of the following statements about the Closing a Project process are true?

1. The Closing a Project process provides a fixed point for the receipt of completed Work Packages for the work performed in the final stage.

2. The Closing a Project process provides a fixed point to review if the objectives set out in the original Project Initiation Documentation have been achieved.

A.
Only 1 is true
A.
Only 1 is true
Answers
B.
Only 2 is true
B.
Only 2 is true
Answers
C.
Both 1 and 2 are true
C.
Both 1 and 2 are true
Answers
D.
Neither 1 or 2 are true
D.
Neither 1 or 2 are true
Answers
Suggested answer: B

Explanation:

The statement that 'The Closing a Project process provides a fixed point to review if the objectives set out in the original Project Initiation Documentation have been achieved' is true. This process is crucial for ensuring that the project has met its objectives and that all remaining project deliverables are acceptable to stakeholders. The first statement is incorrect as the receipt of completed Work Packages is typically handled during the 'Managing a Stage Boundary' process rather than in the 'Closing a Project' process.

Reference: PRINCE2 Foundation manual, PRINCE2 official resources

What takes place during the Closing a Project process?

A.
The post-project benefits reviews are performed
A.
The post-project benefits reviews are performed
Answers
B.
Ownership of the project's products is transferred to the customer
B.
Ownership of the project's products is transferred to the customer
Answers
C.
An End Stage Report is prepared for the final stage
C.
An End Stage Report is prepared for the final stage
Answers
D.
The project closure notification is reviewed and approved
D.
The project closure notification is reviewed and approved
Answers
Suggested answer: B

Explanation:

During the Closing a Project process in PRINCE2, the ownership of the project's products is formally transferred to the customer, ensuring that all deliverables have been accepted and are ready for operational use. This transfer marks the formal completion of the project.

Reference: PRINCE2 Foundation official study guide and materials.

Which is an objective of the Closing a Project process?

A.
Prepare the plan for the next stage
A.
Prepare the plan for the next stage
Answers
B.
Assess any benefits that have already been realized
B.
Assess any benefits that have already been realized
Answers
C.
Produce a Benefits Review Plan to identify what benefits are expected
C.
Produce a Benefits Review Plan to identify what benefits are expected
Answers
D.
Check that all benefits are realized before closing a project
D.
Check that all benefits are realized before closing a project
Answers
Suggested answer: C

Explanation:

One of the objectives of the Closing a Project process is to produce a Benefits Review Plan. This plan outlines how the benefits of the project will be measured and reviewed after the project has been closed. It is crucial for ensuring that the benefits expected from the project are tracked and assessed in the post-project phase.

Reference: PRINCE2 Foundation official study guide and materials.

Which is a purpose of the Closing a Project process?

A.
Authorize the final stage of the project
A.
Authorize the final stage of the project
Answers
B.
Confirm that all benefits defined in the Business Case have been achieved
B.
Confirm that all benefits defined in the Business Case have been achieved
Answers
C.
Recognize whether objectives set out in the original Project Initiation Documentation have been achieved
C.
Recognize whether objectives set out in the original Project Initiation Documentation have been achieved
Answers
D.
Delegate day-to-day management of the end of the project to the Project Manager
D.
Delegate day-to-day management of the end of the project to the Project Manager
Answers
Suggested answer: C

Explanation:

The purpose of the Closing a Project process is to ensure that the objectives defined in the Project Initiation Documentation (PID) have been achieved. This process involves verifying that the project's deliverables meet the objectives and that the project has fulfilled its purposes as planned.

Reference: PRINCE2 Foundation official study guide and materials.

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