PRINCE2F PRINCE2 Practices Practice Test 37 — 15 Questions

Question 1

In the risk management procedure, which step includes evaluating risk probability and impact?

Accepted Answer

Assess. The 'Assess' step of the risk management procedure includes evaluating risk probability and impact to prioritize risks.

Answer

Implement

Answer

Identify

Answer

Plan

Question 2

Which document describes the quality methods and responsibilities for the project?

Accepted Answer

Quality Management Approach. The Quality Management Approach defines how quality will be managed, including methods, responsibilities, and tools.

Answer

Quality Register

Answer

Product Description

Answer

Project Plan

Question 3

Which report is produced by the Team Manager to inform the Project Manager about progress against a Work Package?

Accepted Answer

Checkpoint Report. A Checkpoint Report is produced by the Team Manager to provide the Project Manager with progress details on a Work Package at regular intervals.

Answer

End Stage Report

Answer

Exception Report

Answer

Highlight Report

Question 4

What is the definition of quality in PRINCE2?

Accepted Answer

Fit for purpose. PRINCE2 defines quality as 'fit for purpose', meaning the product meets the stated requirements and is suitable for its intended use.

Answer

Conformance to specification

Answer

Zero defects

Answer

Customer satisfaction

Question 5

During a stage, a team manager discovers a product cannot be delivered on time due to technical issues. The stage plan has no tolerance left for time. What should the team manager do?

Accepted Answer

Inform the Project Manager via a Checkpoint Report. When a work package tolerance is forecast to be exceeded, the team manager should inform the Project Manager via a Checkpoint Report so the PM can assess impact.

Answer

Raise an Exception Report directly to the Project Board

Answer

Continue working and catch up later

Answer

Request more time from the Senior User

Question 6

Which risk response is appropriate for an opportunity with high probability and high impact?

Accepted Answer

Exploit. For an opportunity with high probability and high impact, the 'exploit' response is appropriate to maximize the benefit.

Answer

Enhance

Answer

Share

Answer

Reject

Question 7

Which practice is responsible for defining the project's approach to identifying, assessing, and controlling uncertainty?

Accepted Answer

Risk. The Risk practice covers the systematic management of threats and opportunities.

Answer

Quality

Answer

Progress

Answer

Change

Question 8

What is the purpose of the Product Status Account?

Accepted Answer

To report on the status of products in the project. A Product Status Account provides information about the status of one or more products, including version, status, and location.

Answer

To approve changes to baselined products

Answer

To document product descriptions

Answer

To record changes to products

Question 9

In the Organizing practice, what is the role of Project Assurance?

Accepted Answer

To provide independent monitoring of the project's progress and adherence to standards. Project Assurance provides independent oversight, not management or support. It checks that the project is being run correctly.

Answer

To perform administrative tasks for the Project Manager

Answer

To manage the project on behalf of the Project Board

Answer

To represent the users' interests

Question 10

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

Accepted Answer

Expected benefits. Expected benefits and major risks are key components of a Business Case in PRINCE2.

Answer

Project Plan

Answer

Quality Register

Answer

Risk Register

Question 11

What is the purpose of the Product Description in the Quality practice?

Accepted Answer

To define the quality criteria and acceptance methods for a product. A Product Description defines the product's purpose, composition, derivation, and quality criteria.

Answer

To record issues related to a product

Answer

To assign resources to a product

Answer

To list all activities required to produce a product

Question 12

The project's risk appetite has been defined as 'cautious'. A high-impact opportunity with low probability is identified. What is the most likely response?

Accepted Answer

Reject. A cautious appetite means risk-averse; even low probability opportunities may be rejected if they carry risk.

Answer

Enhance

Answer

Share

Answer

Exploit

Question 13

What is the difference between a risk owner and a risk actionee?

Accepted Answer

The risk owner is accountable for the risk; the risk actionee carries out the agreed response actions. The risk owner is accountable for managing the risk; the risk actionee performs the specific actions.

Answer

They are the same role with different names

Answer

The risk owner is from the project board; the actionee is from the team

Answer

The risk owner is responsible for implementing responses; the actionee monitors the risk

Question 14

According to PRINCE2, 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 (keeping it up to date), while the Executive owns it and is accountable for its justification.

Answer

The Executive

Answer

The Project Assurance

Answer

The Senior User

Question 15

Which document records the project's planned costs, timescales, and products?

Accepted Answer

Project Plan. The Project Plan is the high-level plan covering the entire project.

Answer

Business Case

Answer

Stage Plan

Answer

Highlight Report