PRINCE2-Foundation Exam Brain Dumps - Study Notes and Theory [Jan-2024]
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PRINCE2 PRINCE2Foundation (PRINCE2 Foundation written) certification exam is one of the most widely recognized project management certifications in today's industry. PRINCE2, which stands for Projects IN Controlled Environments, is a process-based methodology that provides a structured framework for effective project management. PRINCE2 Foundation written Exam certification is designed to equip project managers and aspiring project managers with the knowledge and skills required to manage successful projects using the PRINCE2 methodology.
The EXIN PR2F (PRINCE2 Foundation written) Certification Exam is a comprehensive test designed for individuals looking to start their career in project management. PRINCE2 Foundation written Exam certification is accredited by AXELOS and is based on the internationally recognized PRINCE2 (Projects IN Controlled Environments) methodology. PRINCE2 is acclaimed for its ability to improve project management, increase productivity and ensure successful project completion.
NEW QUESTION # 61
Which is a purpose of a Product Description?
- A. Record the quality checks completed for the End Stage Report
- B. Document the level of quality required of a product
- C. Define reporting frequency
- D. Provide the cost tolerance available for individual products
Answer: B
NEW QUESTION # 62
Which is the Issue Register NOT used for?
- A. Record information about a deviation in stage tolerance
- B. Record any problems identified when authorizing a Work Package
- C. Capture any threats or opportunities that might have an impact on a stage
- D. Capture external events that are impacting a stage
Answer: C
NEW QUESTION # 63
Which describes an off-specification?
- A. An interdependency between products that was previously unidentified
- B. The addition of an improvement to a product description
- C. A prototype demonstrating a possible design solution
- D. The production of more than the defined quantity of a specialist product
Answer: A
Explanation:
Explanation
Reference https://www.prince2primer.com/prince2-change-control/
NEW QUESTION # 64
Which is an objective of the Managing Product Delivery process?
- A. Report progress to the Project Board
- B. Ensure that work on products is authorized and agreed with the team
- C. Ensure the Business Case is kept under review
- D. Sign-off completed Work Packages
Answer: B
NEW QUESTION # 65
What is used to identify any organization or interested party who needs to be informed of project closure?
- A. Configuration Management Strategy
- B. Communication Management Strategy
- C. Project Brief
- D. Project management team structure
Answer: B
NEW QUESTION # 66
Which is a purpose of a Project Brief?
- A. Confirm that the Project Plan is able to deliver the Business Case
- B. Capture lessons from previous projects
- C. Ensure that there is a common understanding of the starting point for the project
- D. Define the quality techniques and standards to be applied during the project
Answer: C
NEW QUESTION # 67
Which is a true statement about time-driven controls?
- A. Time-driven controls are produced at the end of a stage
- B. Time-driven controls take place when specific events happen
- C. Time-driven controls are used for monitoring the progress of Work Packages and management stages
- D. An Exception Report is a time-driven control
Answer: C
NEW QUESTION # 68
Why would the Project Manager escalate an issue to the Project Board?
- A. The Project Board is responsible for determining the priority of all issues
- B. The issue is forecast to cause a deviation beyond stage tolerance and advice is required
- C. Escalating issues is a means of providing the Project Board with a regular update on their status
- D. Direction is required on the best response for preventing the issue from occurring
Answer: B
NEW QUESTION # 69
Why is it crucial that the Project Product Description clearly defines acceptance methods?
- A. Enables Project Assurance to authorize quality activities
- B. Defines how all project products will be reviewed and approved
- C. Provides confirmation that all project products have met their quality criteria
- D. Defines how it will be proven that the completed project product meets the customer's expectations
Answer: D
NEW QUESTION # 70
What should the 'managing product delivery' process ensure?
1. That the planned products meet their quality criteria
2. That the stage plan is kept up to date
3. That the project board is provided with progress information
4. That the planned products are delivered within tolerance
- A. 1 and 2
- B. 1 and 4
- C. 2 and 3
- D. 3 and 4
Answer: D
Explanation:
Reference http://prince2.wiki/Managing_Product_Delivery
NEW QUESTION # 71
What is described as an organization's unique attitude towards risk taking
- A. Risk tolerance
- B. Risk management
- C. Risk appetite
- D. Risk evaluation
Answer: C
Explanation:
Section: Volume B
NEW QUESTION # 72
Which is a purpose of the 'Starting up a Project' process?
- A. To define the project controls
- B. To record any identified risks in the Risk Register
- C. To define the means of communication between the project and corporate or programme management
- D. To provide information so a decision can be made as to whether a project is viable and worthwhile to initiate
Answer: D
Explanation:
Section: Volume B
NEW QUESTION # 73
How many management stages should a PRINCE2 project consist of?
- A. Start up stage, initiation stage and a closing stage
- B. Initiation stage and at least one other management stage to cover the remainder of the project
- C. Start up stage, at least one other management stage to cover the remainder of the project and a closing stage
- D. Start up stage, initiation stage and at least one other management stage to cover the remainder of the project
Answer: B
NEW QUESTION # 74
Which is NOT considered when defining risk tolerance?
- A. An organization's risk appetite
- B. The amount of risk a Project Board considers acceptable
- C. A Project Board's attitude towards risk taking
- D. The allocated risk budget
Answer: D
NEW QUESTION # 75
What theme defines and implements the means by which the project will verify that products meet business requirements?
- A. Quality
- B. Change
- C. Business Case
- D. Progress
Answer: A
NEW QUESTION # 76
What is defined as a temporary organization that is created for the purpose of delivering one or more business products?
- A. A user group
- B. A project
- C. A product breakdown structure
- D. Corporate or programme management
Answer: B
NEW QUESTION # 77
Which statement applies to Stage Plans?
- A. Always have the same duration as the Project Plan
- B. Assist the Project Manager in the day-to-day running and control of the project
- C. Provide a baseline against which the Project Board monitor overall progress
- D. Are produced at the same time as the Project Initiation Documentation
Answer: B
NEW QUESTION # 78
Which characteristic distinguishes a project from regular business operations?
- A. Manages stakeholders
- B. Produces benefits
- C. Incurs cost
- D. Introduces business change
Answer: D
Explanation:
Section: Volume A
NEW QUESTION # 79
Which is one of the six aspects of project performance that needs to be managed?
- A. Change
- B. Security
- C. Progress
- D. Risk
Answer: D
Explanation:
Section: Volume A
NEW QUESTION # 80
Which risk response is applied on a pain/gain basis?
- A. Accept
- B. Enhance
- C. Share
- D. Exploit
Answer: C
Explanation:
Section: Volume B
Explanation/Reference: https://www.prince2primer.com/prince2-2017-risk-responses-and-planning/
NEW QUESTION # 81
Identify the missing word in the following sentence. The risk response type [ ? ] can be used to respond to a threat and an opportunity.
- A. Share
- B. Reduce
- C. Transfer
- D. Avoid
Answer: A
Explanation:
Section: Volume B
Explanation
NEW QUESTION # 82
Who should use the information in a Lessons Report to refine, change and improve the standards within a quality management system?
- A. Project Board
- B. Executive
- C. Project Assurance
- D. Corporate group
Answer: D
NEW QUESTION # 83
Which of the following statements about customer's quality expectations and acceptance criteria are true?
1. Customer's quality expectations form a specific and precise list of measurable criteria that a project product should meet in order to be acceptable to key stakeholders.
2. Acceptance criteria are often expressed in broad terms as a means to gain common understanding of general quality requirements.
- A. Neither 1 or 2 are true
- B. Only 1 is true
- C. Only 2 is true
- D. Both 1 and 2 are true
Answer: A
Explanation:
Section: Volume B
NEW QUESTION # 84
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