PRINCE2F PRINCE2 Practices Practice Test 32 — 15 Questions

Question 1

Which register records all identified risks and their status?

Accepted Answer

Risk Register. The Risk Register is the repository for all risk management information throughout the project.

Answer

Issue Register

Answer

Lessons Log

Answer

Quality Register

Question 2

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

Accepted Answer

Major risks. Options A, C, and D are correct. A Business Case typically includes reasons, expected benefits, dis-benefits, costs, timescales, major risks, and investment appraisal. Option B is incorrect because the PID is a separate document that contains the Business Case but is not itself a component of the Business Case. Option E is incorrect because team roles are part of the Organising practice.

Answer

Project Initiation Documentation

Answer

Project management team roles

Question 3

Who receives Highlight Reports?

Accepted Answer

Project Board. Highlight Reports are prepared by the Project Manager and sent to the Project Board (and possibly stakeholders) at regular intervals.

Answer

Senior Supplier

Answer

Project Support

Answer

Team Manager

Question 4

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

Question 5

In PRINCE2, what is the definition of quality?

Accepted Answer

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

Answer

Freedom from defects

Answer

Conformance to specifications

Answer

Customer satisfaction

Question 6

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

Accepted Answer

Project Manager. The Project Manager is responsible for maintaining the Business Case on a day-to-day basis, while the Executive owns it and approves changes.

Answer

Project Assurance

Answer

Senior User

Answer

Executive

Question 7

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 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

Which risk response is appropriate for a threat that the project team decides to actively reduce the probability or impact of?

Accepted Answer

Reduce. The 'Reduce' response involves proactive actions to lower the probability and/or impact of a threat.

Answer

Avoid

Answer

Accept

Answer

Transfer

Question 10

What is the difference between a Risk Owner and a Risk Actionee?

Accepted Answer

Risk Owner is accountable for the risk; Risk Actionee performs the response actions. The Risk Owner is accountable for the overall management of the risk, including ensuring that appropriate responses are implemented. The Risk Actionee is assigned to carry out specific response actions to address the risk. Options B, C, and D are incorrect because they misstate the roles or claim they are interchangeable.

Answer

Risk Owner identifies the risk; Risk Actionee records it

Answer

There is no difference; they are interchangeable terms

Answer

Risk Owner is on the Project Board; Risk Actionee is on the team

Question 11

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 12

What is the difference between a Request for Change and an Off-specification?

Accepted Answer

A Request for Change is a proposal; an Off-specification is a failure to meet a specification. A Request for Change proposes a modification; an Off-specification is a product that does not meet its specification.

Answer

A Request for Change is for scope changes; an Off-specification is for quality changes

Answer

An Off-specification is always a threat; a Request for Change is always an opportunity

Answer

They are the same thing

Question 13

Which TWO of the following are components of the Project Initiation Documentation (PID)?

Accepted Answer

Business Case. The Project Initiation Documentation (PID) in PRINCE2 includes the Business Case, Project Plan, and Project Approach. Among the given options, only Business Case (A) and Project Plan (D) are components of the PID. The Risk Register (B) is a separate management product, not part of the PID. The Project Brief (E) is an input to the PID, and the Benefits Review Plan (C) is a separate document for post-project reviews.

Answer

Risk Register

Answer

Benefits Review Plan

Answer

Project Brief

Question 14

Which TWO of the following are opportunity responses in PRINCE2?

Accepted Answer

Enhance. In PRINCE2, opportunity responses are specific actions to address opportunities (positive risks). 'Enhance' is a correct response because it involves proactively increasing the probability and/or impact of an opportunity, such as allocating additional resources to maximize a potential benefit. 'Exploit' is also correct as it seeks to ensure the opportunity is realized by making it happen, often by assigning ownership or implementing a specific plan.

Answer

Transfer

Answer

Reduce

Answer

Avoid

Question 15

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

Accepted Answer

To plan the next stage and provide information for the Project Board to decide on continuation. The purpose is to provide the Project Board with information to approve the next stage and review the current stage's performance.

Answer

To close the project

Answer

To initiate the project

Answer

To manage the work of the current stage