PRINCE2-Foundation Exam Questions Instant Access

Question 1

Who carries out audits that are independent of the project?

AQuality assurance

BProject Assurance

CProject Support

DProject Manager

Answer : A

Quality assurance is responsible for carrying out independent audits within a project. These audits are designed to ensure that the project complies with external standards and internal policies at an organizational level, distinct from the project-focused activities. Reference: PRINCE2 Foundation Training Manual; PRINCE2 2017 Foundation handbook.

Question 2

Which is a minimum requirement when applying the 'risk' theme?

ATo identity and ring-fence an explicit risk budget within the project's budget

BTo describe the probability impact grid in the risk management approach

CTo appoint project assurance to maintain the risk register during initiation

DTo assess if risks might have a material impact on business justification

Answer : D

One of the minimum requirements when applying the 'risk' theme in PRINCE2 is to assess whether risks could materially impact the business justification of the project. This assessment is crucial because it directly influences whether the project remains viable and worth continuing, in alignment with the continued business justification principle. Reference: PRINCE2 Foundation Manual

Question 3

What is the definition of an issue?

AAn unplanned event that has occurred and requires management action

BAn uncertain event which may have an effect on the achievement of objectives

CThe current versions of project products that are subject to change control

DA prediction made by studying historical data and past patterns

Answer : A

Question 4

Which role is responsible for ensuring the project is justified in terms of cost?

AProject manager

BExecutive

CSenior user

DSenior supplier

Answer : B

In PRINCE2, the Executive role is responsible for ensuring that the project is justifiable in terms of cost. This includes making decisions about whether the project remains viable and desirable within its cost constraints. The Executive is tasked with the overall direction and management of the project from a business perspective, ensuring that it delivers value for money. Reference: PRINCE2 7 Foundation resources and materials.

Question 5

In which step of the risk management' technique should the organization's environment be considered?

AIdentity

BAssess

CPlan

DImplement

Answer : A

In the 'risk management' technique within PRINCE2, considering the organization's environment is essential during the 'Identify' step. This phase involves understanding the context in which the project operates, including external and internal factors that could affect the project. This context is crucial for identifying potential risks that could impact the project's objectives. Reference: PRINCE2 7 Foundation resources on risk management technique.

Question 6

What product defines the reporting requirements between the Project Manager and Team Manager?

AProject Brief

BProduct Description

CTeam Plan

DWork Package

Answer : D

The Work Package is the product that defines the reporting requirements between the Project Manager and the Team Manager. It describes the work, specifies the product's description, and sets out the reporting requirements among other information, ensuring that both managers have clear guidelines on communications regarding the package's delivery. Reference: PRINCE2 Foundation official documentation and study materials.

Question 7

Which are purposes of the 'directing a project' process?

1. To enable the project board to be accountable for a project's success by making key decisions

2. To enable the project board to authorize work packages

3. To enable the project board to prepare the communication management approach

4. To enable the project board to exercise overall control of a project

A1 and 2

B2 and 3

C3 and 4

D1 and 4

Answer : D

The purposes of the 'directing a project' process are to enable the project board to be accountable for the project's success by making key decisions (1) and to exercise overall control of the project (4). This process ensures that strategic guidance and oversight are maintained, but does not directly involve the project board in authorizing work packages or preparing communication approaches---that's handled by the project manager. Reference: = PRINCE2 7 Foundation handbook and online resources

PRINCE2 PRINCE 2 Foundation (7th Edition) PRINCE2-Foundation Exam Questions