Practice Free PRINCE2 7 Foundation Exam Online Questions
Question #129
Which statement about the ‘manage by stages’ principle is CORRECT?
- A . The project board should authorize multiple stages at the same time
- B . The end of a stage should provide a control point for the project board
- C . A project should have fewer, longer stages when the risk exposure is high
- D . A project should have separate stages to plan, deliver and close the project
Correct Answer: B
B
Explanation:
The ‘manage by stages’ principle in PRINCE2 dictates that the end of each stage provides a control point at which the project board can review progress, reassess project viability, and decide on the next steps. This approach allows for regular monitoring and decision-making, ensuring that the project remains aligned with its objectives and within its tolerances.
Reference: PRINCE2® 7 Foundation guide on the ‘manage by stages’ principle.
B
Explanation:
The ‘manage by stages’ principle in PRINCE2 dictates that the end of each stage provides a control point at which the project board can review progress, reassess project viability, and decide on the next steps. This approach allows for regular monitoring and decision-making, ensuring that the project remains aligned with its objectives and within its tolerances.
Reference: PRINCE2® 7 Foundation guide on the ‘manage by stages’ principle.
Question #132
Which is a minimum requirement for applying the plans theme?
- A . The project must have at least two management stages
- B . The team managers in the project must prepare team plans
- C . Scope tolerance must be prioritized using MoSCoW
- D . The project plan must be presented as a Gantt chart
Correct Answer: B
B
Explanation:
A minimum requirement for applying the Plans theme in PRINCE2® is that team managers in the project must prepare team plans. This ensures that each part of the project controlled by a team manager is adequately planned in line with the overall project plan and stage plans. These team plans provide detailed guidance on how products will be delivered within the constraints set by the project management.
Reference: PRINCE2® 7 Foundation resources and study materials.
B
Explanation:
A minimum requirement for applying the Plans theme in PRINCE2® is that team managers in the project must prepare team plans. This ensures that each part of the project controlled by a team manager is adequately planned in line with the overall project plan and stage plans. These team plans provide detailed guidance on how products will be delivered within the constraints set by the project management.
Reference: PRINCE2® 7 Foundation resources and study materials.
Question #133
Identify the missing words in the following sentence. A risk budget is a sum of money included in the [ ? ] and set aside to fund specific management responses to a project’s threats and opportunities.
- A . change budget
- B . project budget
- C . project’s cost tolerance
- D . project’s risk tolerance
Correct Answer: B
B
Explanation:
A risk budget is a specific amount of money set aside within the project budget to address potential threats and opportunities. This allocation is used to fund the specific management responses required to mitigate identified risks.
Reference: PRINCE2® Foundation Training Manual; PRINCE2® 2017 Foundation handbook.
B
Explanation:
A risk budget is a specific amount of money set aside within the project budget to address potential threats and opportunities. This allocation is used to fund the specific management responses required to mitigate identified risks.
Reference: PRINCE2® Foundation Training Manual; PRINCE2® 2017 Foundation handbook.
Question #133
Identify the missing words in the following sentence. A risk budget is a sum of money included in the [ ? ] and set aside to fund specific management responses to a project’s threats and opportunities.
- A . change budget
- B . project budget
- C . project’s cost tolerance
- D . project’s risk tolerance
Correct Answer: B
B
Explanation:
A risk budget is a specific amount of money set aside within the project budget to address potential threats and opportunities. This allocation is used to fund the specific management responses required to mitigate identified risks.
Reference: PRINCE2® Foundation Training Manual; PRINCE2® 2017 Foundation handbook.
B
Explanation:
A risk budget is a specific amount of money set aside within the project budget to address potential threats and opportunities. This allocation is used to fund the specific management responses required to mitigate identified risks.
Reference: PRINCE2® Foundation Training Manual; PRINCE2® 2017 Foundation handbook.
Question #135
What statement describes how the project manager should ensure effective communication within a project?
- A . Use a more structured approach to communication with co-located teams, then remote teams
- B . Rely on regular reporting by team managers to determine whether the work Is on track
- C . Involve 3 small group of key stakeholders when defining the project to reduce the amount of communication
- D . Focus on publishing standard messages to key influencers throughout the project
Correct Answer: D
D
Explanation:
Effective communication within a project in PRINCE2® focuses on ensuring that messages are clear, consistent, and reach the right stakeholders at the right time. This involves targeting key influencers who can aid in further disseminating information throughout the project, thereby enhancing communication efficiency and effectiveness.
Reference: = PRINCE2® 7 Foundation Training Manual and official PRINCE2® website documentation
D
Explanation:
Effective communication within a project in PRINCE2® focuses on ensuring that messages are clear, consistent, and reach the right stakeholders at the right time. This involves targeting key influencers who can aid in further disseminating information throughout the project, thereby enhancing communication efficiency and effectiveness.
Reference: = PRINCE2® 7 Foundation Training Manual and official PRINCE2® website documentation
Question #136
What is a benefits management approach used to assess?
- A . How the project’s products have performed when in operational use
- B . The effectiveness of the project strategies
- C . How the project has progressed against its plans
- D . The suitability of the project management team structure
Correct Answer: A
A
Explanation:
The Benefits Management Approach in PRINCE2 is a document that describes how and when a measurement of the achievement of the project’s benefits, both during and after the project, can be made. It is used to assess the performance of the project’s products once they are in operational use, ensuring that the project delivers the intended benefits as outlined in the Business Case.
Reference: PRINCE2® 7 Foundation Handbook and official training materials.
A
Explanation:
The Benefits Management Approach in PRINCE2 is a document that describes how and when a measurement of the achievement of the project’s benefits, both during and after the project, can be made. It is used to assess the performance of the project’s products once they are in operational use, ensuring that the project delivers the intended benefits as outlined in the Business Case.
Reference: PRINCE2® 7 Foundation Handbook and official training materials.
Question #137
Which is NOT a purpose of the Initiating a Project process?
- A . Enable a Project Board decision about the commitment of resources to a project
- B . Enable an organization to understand the work that needs to be done to deliver a project’s
products before a project is approved - C . Establish solid foundations for a project
- D . Enable the Project Board to decide whether it is worthwhile to initiate a project
Correct Answer: D
D
Explanation:
This statement is not true as the purpose of the Initiating a Project process. The correct purpose of this process is to ensure that there are solid foundations for the project, usually after the project has already been decided as worthwhile and approved for initiation. The decision to initiate a project is typically made before the Initiating a Project process.
Reference: PRINCE2® Foundation official documentation and study materials.
D
Explanation:
This statement is not true as the purpose of the Initiating a Project process. The correct purpose of this process is to ensure that there are solid foundations for the project, usually after the project has already been decided as worthwhile and approved for initiation. The decision to initiate a project is typically made before the Initiating a Project process.
Reference: PRINCE2® Foundation official documentation and study materials.
Question #138
Which is one of the three levels of plan in PRINCE2?
- A . Benefits Review Plan
- B . Programme Plan
- C . Team Plan
- D . Project Brief
Correct Answer: C
C
Explanation:
PRINCE2® defines three levels of planning: Project Plan, Stage Plan, and Team Plan. The Team Plan is one of these three levels, specifically designed to manage the delivery of the work packages assigned to the team within a management stage.
Reference: PRINCE2® Foundation official documentation and study materials.
C
Explanation:
PRINCE2® defines three levels of planning: Project Plan, Stage Plan, and Team Plan. The Team Plan is one of these three levels, specifically designed to manage the delivery of the work packages assigned to the team within a management stage.
Reference: PRINCE2® Foundation official documentation and study materials.
Question #139
What does qualitative analysis of a risk assess, as a minimum?
- A . How soon each risk might occur
- B . The fallback plan for each risk
- C . The likelihood and the effect of each risk on objectives
- D . The speed with which the effect of each risk will be felt
Correct Answer: C
C
Explanation:
Qualitative analysis of a risk in PRINCE2 assesses, at a minimum, the likelihood of each risk occurring and its potential impact on project objectives. This analysis helps in prioritizing risks based on their severity and likelihood, which is crucial for effective risk management and decision-making about risk responses.
Reference: (PRINCE2® 7 Foundation Handbook, AXELOS)
C
Explanation:
Qualitative analysis of a risk in PRINCE2 assesses, at a minimum, the likelihood of each risk occurring and its potential impact on project objectives. This analysis helps in prioritizing risks based on their severity and likelihood, which is crucial for effective risk management and decision-making about risk responses.
Reference: (PRINCE2® 7 Foundation Handbook, AXELOS)
Question #140
To confirm that there is authority to close the project
- A . 1 and 2
- B . 2 and 3
- C . 3 and 4
- D . 1 and 4
Correct Answer: B
B
Explanation:
The objectives of the ‘closing a project’ process in PRINCE2 include reviewing whether the project was delivered within time and cost tolerances (2) and confirming whether operational staff are happy to take ownership of the products (3). These objectives ensure the project has met its management expectations and that the product transition to operations is smooth and accepted by relevant stakeholders.
Reference: PRINCE2® 7 Foundation guide on the ‘closing a project’ process.
B
Explanation:
The objectives of the ‘closing a project’ process in PRINCE2 include reviewing whether the project was delivered within time and cost tolerances (2) and confirming whether operational staff are happy to take ownership of the products (3). These objectives ensure the project has met its management expectations and that the product transition to operations is smooth and accepted by relevant stakeholders.
Reference: PRINCE2® 7 Foundation guide on the ‘closing a project’ process.