PRINCE2F PRINCE2 Practices Practice Question
What is the purpose of a Product Status Account?
⚠ Common exam trap
Many candidates confuse the Product Status Account (a status report) with the Product Breakdown Structure (a planning tool) or the Product Description (a quality specification), as all three involve 'products' but serve distinct purposes in PRINCE2.
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
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 analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
To define the product breakdown structure.
Why it's wrong here
The PBS is a planning tool, not a status report.
- ✓
To provide information about the status of products in the project.
Why this is correct
The Product Status Account provides a snapshot of product statuses.
- ✗
To authorize changes to a product baseline.
Why it's wrong here
Changes are authorized via the Issue Register and Change Authority.
- ✗
To describe the quality criteria for a product.
Why it's wrong here
Quality criteria are in the Product Description, not the Product Status Account.
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Same concept, more angles
3 more ways this is tested on PRINCE2F
These questions test the same concept from different angles. Work through them to make sure you can recognise it however the exam phrases it.
Variation 1. In the Change practice, what is the purpose of a Product Status Account?
hard- A.To record configuration item records
- ✓ B.To report on the current status of one or more products
- C.To track issues
- D.To authorize changes to products
Why B: A Product Status Account provides information about the status of products, such as version and location.
Variation 2. What is the purpose of the Product Status Account?
medium- A.To approve changes to baselined products
- B.To document product descriptions
- ✓ C.To report on the status of products in the project
- D.To record changes to products
Why C: A Product Status Account provides information about the status of one or more products, including version, status, and location.
Variation 3. What is the purpose of the Product Status Account?
easy- A.To update the configuration management system
- ✓ B.To summarize the status of products in the project
- C.To approve changes to baselined products
- D.To record the quality review results of a product
Why B: The Product Status Account provides information about the status of products, typically including their version, state (e.g., in development, approved), and configuration records. It is used to report on the state of the project's products.
JA
Written by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
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