PRINCE2F Practice Test 4 — 10 Questions

Question 1

Which risk response is appropriate for a threat that the project team decides to proactively manage by reducing the probability or impact?

Accepted Answer

Reduce. Reduce is the correct risk response because it involves implementing actions to lower the probability or impact of a threat while still accepting that the risk may occur. In PRINCE2, this is a proactive response where the project team actively manages the risk by, for example, adding redundancy or conducting more frequent testing to decrease the likelihood of failure. The key is that the risk is not eliminated entirely but its effects are mitigated.

Answer

Avoid

Answer

Transfer

Answer

Accept

Question 2

Which THREE of the following are roles on the Project Board?

Accepted Answer

Senior Supplier. The Project Board in PRINCE2 is the management committee responsible for overall project direction and key decisions. The three mandatory roles on the Project Board are the Executive (who owns the business case), the Senior User (who represents the users' needs), and the Senior Supplier (who represents the supplier's interests). Option A is correct because the Senior Supplier is a core Project Board role, ensuring the supplier's resources and capabilities are aligned with project deliverables.

Answer

Project Support

Answer

Project Manager

Question 3

What is the purpose of a Product Status Account?

Accepted Answer

To provide information about the status of products in the project.. The Product Status Account is a PRINCE2 management product that provides a snapshot of the status of all products within a project at a given point in time. Its purpose is to give stakeholders and the project manager a consolidated view of which products are complete, in progress, or have issues, enabling informed decision-making and control.

Answer

To define the product breakdown structure.

Answer

To authorize changes to a product baseline.

Answer

To describe the quality criteria for a product.

Question 4

What is the difference between the Senior Responsible Owner (SRO/Executive) and a Project Sponsor?

Accepted Answer

The SRO is a PRINCE2 role; 'Project Sponsor' is not a PRINCE2 term. PRINCE2 defines the Senior Responsible Owner (SRO) as the single person accountable for the business case and overall project success, and it is a formal role within the PRINCE2 Project Board. 'Project Sponsor' is a generic term used in many organizations but is not a defined role in the PRINCE2 methodology. Therefore, the key difference is that the SRO is a specific PRINCE2 role, while 'Project Sponsor' is not part of the PRINCE2 terminology.

Answer

The SRO is a member of the Project Board; the Sponsor is not

Answer

They are the same role with different names

Answer

The Project Sponsor is more senior than the SRO

Question 5

What is the purpose of the product-based planning approach in PRINCE2?

Accepted Answer

To define the products and their quality criteria before planning activities. The product-based planning approach in PRINCE2 ensures that the project's outputs (products) and their quality criteria are defined before planning the activities and dependencies. This prevents scope creep and rework by establishing clear acceptance standards upfront, aligning with PRINCE2's focus on management by product.

Answer

To list all activities required to produce the products

Answer

To create a Gantt chart

Answer

To assign costs to each activity

Question 6

During the Managing Product Delivery process, who produces the Checkpoint Report?

Accepted Answer

Team Manager. The Team Manager is responsible for producing Checkpoint Reports to inform the Project Manager of progress within a Work Package.

Answer

Project Manager

Answer

Project Support

Answer

Project Board

Question 7

Who is responsible for performing Project Assurance?

Accepted Answer

Project Board members (or their delegates). Project Assurance is a PRINCE2 responsibility that provides an independent check on the project's progress, compliance, and viability. The Project Board members (or their delegates) are accountable for this function because they represent the business, user, and supplier interests, ensuring objective oversight separate from day-to-day management.

Answer

Project Support

Answer

Project Manager

Answer

Team Managers

Question 8

A project is in the Managing a Stage Boundary process. Which TWO outputs are produced during this process? (Select TWO)

Accepted Answer

End Stage Report. SB produces the End Stage Report and the next Stage Plan (or Exception Plan).

Answer

Project Plan

Answer

Benefits Management Approach

Answer

Project Brief

Question 9

Which principle of PRINCE2 is being applied when a project is divided into management stages?

Accepted Answer

Manage by stages. The PRINCE2 principle 'Manage by Stages' states that a project must be planned, monitored, and controlled on a stage-by-stage basis, with each management stage providing a control point for the project board. Dividing a project into management stages is the direct application of this principle. It enables incremental governance and go/no-go decisions at stage boundaries.

Answer

Manage by exception

Answer

Focus on products

Answer

Learn from experience

Question 10

Who is responsible for authorising the start of a project in PRINCE2?

Accepted Answer

The Project Board. In PRINCE2, the Project Board is responsible for authorising the start of a project. This occurs at the end of the Initiating a Project process, when the Project Board reviews the Project Initiation Documentation and gives approval to proceed with the project. The Project Board provides overall direction and control, ensuring the project aligns with business, user, and supplier interests.

Answer

The Senior Supplier

Answer

The Project Manager

Answer

The Senior User