PRINCE2F Practice Test 25 — 15 Questions

Question 1

Which TWO of the following are acceptable responses to a threat (negative risk)?

Accepted Answer

Avoid. Avoid and Transfer are valid threat responses. Enhance is for opportunities; Reject is for opportunities.

Answer

Exploit

Answer

Reject

Answer

Enhance

Question 2

Who is responsible for producing a Checkpoint Report?

Accepted Answer

Team Manager. Team Managers produce Checkpoint Reports to inform the Project Manager of progress against work packages.

Answer

Project Manager

Answer

Senior User

Answer

Project Support

Question 3

Which TWO of the following are components of a Business Case?

Accepted Answer

Expected benefits. The Business Case includes reasons, options, expected benefits, dis-benefits, timescale, costs, investment appraisal, and major risks. Major risks and expected benefits are two of these.

Answer

Lessons log

Answer

Product descriptions

Answer

Configuration item records

Question 4

A project is using the 'reduce' response for a threat. What does this mean?

Accepted Answer

The probability and/or impact of the threat is lowered. Reduce means taking action to lower the probability or impact of a threat to an acceptable level.

Answer

The threat is accepted and no action is taken

Answer

The threat is avoided by changing the plan

Answer

The threat is transferred to a third party

Question 5

Who is responsible for maintaining the Business Case throughout the project?

Accepted Answer

The Project Manager. The Project Manager maintains the Business Case, but the Executive (SRO) is the owner and accountable for it. The question asks who maintains it, so option C is correct. The Senior User defines benefits, and the Senior Supplier provides resources.

Answer

The Senior User

Answer

The Project Board

Answer

The Senior Supplier

Question 6

Which TWO are examples of opportunity responses in PRINCE2?

Accepted Answer

Enhance. Opportunity responses in PRINCE2 include exploit, enhance, share, and reject. Among the options, B (Enhance) and C (Exploit) are correct opportunity responses. Option A (Avoid) is a threat response, not an opportunity response. Option D (Transfer) is also a threat response. Option E (Reduce) is a threat response. Therefore, the correct answers are B and C.

Answer

Avoid

Answer

Transfer

Answer

Reduce

Question 7

Who is responsible for maintaining the Business Case throughout the project?

Accepted Answer

The Project Manager. The Project Manager is responsible for maintaining the Business Case, ensuring it remains viable and up to date. The Executive (SRO) owns the Business Case and is accountable for it, but the PM does the day-to-day maintenance.

Answer

The Project Support

Answer

The Senior User

Answer

The Executive (SRO)

Question 8

Which document is the key output of the Initiating a Project process?

Accepted Answer

Project Initiation Documentation. The Project Initiation Documentation (PID) is the key output that defines the project and provides a baseline for decision-making.

Answer

Project Plan

Answer

Project Brief

Answer

Business Case

Question 9

A project is forecast to exceed its cost tolerance. What should the Project Manager do?

Accepted Answer

Raise an Exception Report to the Project Board. When a tolerance is forecast to be exceeded, the Project Manager must escalate to the Project Board via an Exception Report.

Answer

Close the project immediately

Answer

Increase the project budget and continue

Answer

Continue and report in the next Highlight Report

Question 10

Which document is the key output of the Initiating a Project process?

Accepted Answer

Project Initiation Documentation. The Project Initiation Documentation (PID) is the key output of the Initiating a Project process, providing the baseline for project management.

Answer

Project Brief

Answer

Project Plan

Answer

Business Case

Question 11

Which TWO of the following are responsibilities of the Project Board?

Accepted Answer

Authorize Stage Plans. Options C and D are correct. The Project Board is responsible for authorizing stage plans and providing overall direction and control of the project. Option A is incorrect because producing the Project Initiation Documentation is a Project Manager responsibility. Option B is incorrect because maintaining the Business Case is the Executive's role on behalf of the Board. Option E is incorrect because managing risks on a day-to-day basis is the Project Manager's role.

Answer

Produce the Project Initiation Documentation

Answer

Maintain the Business Case

Answer

Manage risks on a day-to-day basis

Question 12

In risk management, what is the difference between a risk owner and a risk actionee?

Accepted Answer

The risk owner is responsible for managing the risk; the risk actionee implements the response. The risk owner is responsible for managing the risk and ensuring the response is implemented. The risk actionee is the person who carries out the response actions. The risk owner may delegate actions but retains accountability.

Answer

The risk owner takes the risk on behalf of the organization; the risk actionee is the Project Manager

Answer

The risk owner is from the Project Board; the risk actionee is from the team

Answer

The risk owner identifies the risk; the risk actionee assesses it

Question 13

Who is responsible for maintaining the Business Case throughout the project?

Accepted Answer

Executive. The Executive owns the Business Case and is accountable for its viability throughout the project. Option A is incorrect because the Senior User represents the users' needs, not the Business Case. Option B is incorrect because the Project Manager maintains the Business Case on a day-to-day basis but does not own it. Option D is incorrect because the Senior Supplier provides resources and expertise, not ownership of the Business Case.

Answer

Senior User

Answer

Project Manager

Answer

Senior Supplier

Question 14

Which role is responsible for ensuring that the project is being managed correctly from the business perspective?

Accepted Answer

Project Assurance. Project Assurance provides independent oversight to the Project Board, ensuring the project is managed correctly from business, user, and supplier perspectives. The Executive is accountable but Project Assurance performs the checks.

Answer

Senior User

Answer

Project Support

Answer

Project Manager

Question 15

Which TWO of the following are types of tolerance that can be set in PRINCE2?

Accepted Answer

Time. The six types of tolerance in PRINCE2 are Time, Cost, Quality, Scope, Risk, and Benefits. Options D and E (Time and Cost) are correct. Options A and B refer to management products (the Change Control Approach and the Quality Management Approach), which are not types of tolerance. Option C (Risk budget) is a type of budget, not a tolerance. Therefore, the correct answers are D and E.

Answer

Change control approach

Answer

Quality management approach

Answer

Risk budget