PRINCE2F Mock Exam 88 — 25 Questions

Question 1

In PRINCE2, what is the difference between a risk owner and a risk actionee?

Accepted Answer

Risk owner is accountable for managing the risk; risk actionee carries out the response actions. The risk owner manages the risk and is accountable for its management. The risk actionee carries out specific actions but is not accountable. This is a key distinction in PRINCE2 risk practice.

Answer

Risk owner and risk actionee are the same role

Answer

Risk owner identifies risks; risk actionee assesses them

Answer

Risk owner is a role on the Project Board; risk actionee is a team member

Question 2

Which document is used by the Project Manager to capture lessons learned during a stage?

Accepted Answer

Lessons Log. The Lessons Log is used to capture lessons throughout the project, including during a stage.

Answer

Checkpoint Report

Answer

End Stage Report

Answer

Lessons Report

Question 3

In PRINCE2, who is responsible for project assurance?

Accepted Answer

The Project Board. Project assurance is the responsibility of the Project Board, which provides independent assurance.

Answer

The Project Manager

Answer

The Senior Supplier

Answer

The Project Support

Question 4

A risk has been identified that could cause a delay to the project. The project team decides to purchase insurance to cover the financial impact. Which risk response type is this?

Accepted Answer

Transfer. Transferring the financial impact to a third party (insurance) is a 'transfer' response. 'Reduce' would involve actions to lower probability or impact. 'Accept' would be to take the risk without action.

Answer

Avoid

Answer

Accept

Answer

Reduce

Question 5

Which TWO of the following are types of roles defined in a PRINCE2 project management team?

Accepted Answer

Project Manager. PRINCE2 defines distinct roles for management and delivery. The Project Board and Project Manager are key roles.

Answer

Customer

Answer

Stakeholder

Answer

Sponsor

Question 6

Which THREE of the following are examples of threat responses in the Risk practice?

Accepted Answer

Reduce. Avoid, reduce, and transfer are threat responses. Exploit and enhance are opportunity responses.

Answer

Enhance

Answer

Exploit

Question 7

Which role is accountable for the project's success in PRINCE2?

Accepted Answer

Senior Responsible Owner (SRO/Executive). The Senior Responsible Owner (SRO/Executive) is accountable for the project's success and owns the Business Case.

Answer

Project Manager

Answer

Senior User

Answer

Project Assurance

Question 8

Which THREE of the following are components of the Business Case?

Accepted Answer

Major risks. The Business Case includes reasons, expected benefits, costs, timescale, major risks, and other elements. Benefits and dis-benefits are included.

Answer

Project Plan

Answer

Lessons learned

Question 9

Which role is responsible for ensuring that the project's objectives are achieved and that the project delivers the required products?

Accepted Answer

Project Manager. The Project Manager is accountable for day-to-day management and ensuring objectives are met.

Answer

Senior User

Answer

Senior Supplier

Answer

Executive

Question 10

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

Accepted Answer

Costs. The Business Case includes expected benefits, costs, timescale, risks, and investment appraisal. The Project Plan is not a component; it is a separate management product. The Risk Register is also separate.

Answer

Product Description

Answer

Project Plan

Answer

Risk Register

Question 11

What is the purpose of the Managing a Stage Boundary process?

Accepted Answer

To provide the Project Board with information to decide whether to continue with the project. Managing a Stage Boundary enables the Project Board to review progress, approve the next stage plan, and update the Business Case.

Answer

To manage product delivery by teams

Answer

To plan the initiation stage

Answer

To accept the Work Package from the Project Manager

Question 12

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.

Answer

Benefits Management Approach

Answer

Project Brief

Answer

Stage Plan

Question 13

When is the Business Case formally reviewed and confirmed?

Accepted Answer

At the end of each management stage. The Business Case is developed in pre-project, approved at initiation, and reviewed at each stage boundary.

Answer

During the Closing a Project process

Answer

Only at the start of the project

Answer

Only when an exception occurs

Question 14

Which role produces Highlight Reports?

Accepted Answer

Project Manager. Highlight Reports are produced by the Project Manager and sent to the Project Board during Controlling a Stage.

Answer

Executive

Answer

Team Manager

Answer

Project Support

Question 15

What is the definition of quality in PRINCE2?

Accepted Answer

Fit for purpose. PRINCE2 defines quality as 'fit for purpose,' meaning the product meets its stated requirements and user expectations.

Answer

Conformance to specification

Answer

Zero defects

Answer

Customer satisfaction

Question 16

Who is responsible for approving the Project Plan?

Accepted Answer

Project Board. The Project Board approves the Project Plan as part of the PID during Initiating a Project.

Answer

Project Manager

Answer

Senior User

Answer

Executive

Question 17

What is the purpose of the Managing a Stage Boundary process?

Accepted Answer

To provide the Project Board with information to review the current stage and approve the next stage plan. Managing a Stage Boundary provides information to the Project Board to review the current stage, approve the next stage plan, and assess continuing viability.

Answer

To update the Business Case

Answer

To produce the Project Plan

Answer

To authorize the next stage

Question 18

Which TWO of the following are types of issue in PRINCE2?

Accepted Answer

Request for Change. The PRINCE2 issue types are Request for Change, Off-specification, and Problem/Concern. Threat and opportunity are risk types.

Answer

Threat

Answer

Risk

Answer

Opportunity

Question 19

Which role is responsible for managing the delivery of a Work Package?

Accepted Answer

Team Manager. The Team Manager is responsible for delivering the Work Package as defined by the Project Manager.

Answer

Senior User

Answer

Project Support

Answer

Project Manager

Question 20

During the Managing Product Delivery process, the Team Manager identifies a problem with the quality criteria for a work package. What should the Team Manager do?

Accepted Answer

Raise an issue to the Project Manager. The Team Manager should raise an issue to the Project Manager, who then decides on the appropriate action (e.g., Request for Change or Off-specification).

Answer

Escalate directly to the Project Board

Answer

Reject the work package and stop work

Answer

Revise the quality criteria and continue