PRINCE2 PRINCE2-Foundation Exam Practice Questions (P. 2)
- Full Access (534 questions)
- Six months of Premium Access
- Access to one million comments
- Seamless ChatGPT Integration
- Ability to download PDF files
- Anki Flashcard files for revision
- No Captcha & No AdSense
- Advanced Exam Configuration
Question #11
Which should be funded by a change budget?
- AIncrease in agreed scope
- BInitiation stage
- CChange Authority
- DHandover activities
Correct Answer:
A
A
GPT-4o - Answer
Definitely, the change budget covers expenses arising from adjustments in the project's originally agreed scope. As these scope increases could involve new needs, resources, or tasks crossing the boundaries of what was initially planned, it is logical that they would be supported by the designated change budget. Thus, option A correctly matches this approach.
Question #12
Which should be funded from a change budget?
- AThe Starting up a Project process
- BA fallback plan
- CAn agreed change to the scope of a project
- DA change to a plan, within allocated tolerances, due to poor estimating
Correct Answer:
C
C
GPT-4o - Answer
The correct choice, C) "An agreed change to the scope of a project," is crucial because it directly involves adjustments that impact the project's planned scope, thereby affecting the budget and resource allocation. These are not regular operational costs but rather specific changes approved within the governance framework which require additional budgeting distinct from the original estimates. This ensures efficient management and accounting of changes, aligning expenses with project objectives and delivering successful outcomes.
Question #13
Which is the Issue Register NOT used for?
- ACapture external events that are impacting a stage
- BRecord information about a deviation in stage tolerance
- CCapture any threats or opportunities that might have an impact on a stage
- DRecord any problems identified when authorizing a Work Package
Correct Answer:
C
C
GPT-4o - Answer
The Issue Register's primary function focuses on recording specific problems and deviations occurring within the stages of a project, including external events impacting stages and issues in authorizing Work Packages. However, it is not typically used for logging general threats or opportunities around the project, which are managed through risk management practices, thus making choice C the correct answer. This function distinction is essential for maintaining streamlined and effective project documentation and management procedures in line with PRINCE2 methodologies.
Question #14
If the Project Board instructs the Project Manager to implement a request for change, which document would contain details of that change?
- ACheckpoint Report
- BHighlight Report
- CIssue Report
- DProduct Status Account
Correct Answer:
C
C
GPT-4o - Answer
Absolutely, when we're discussing where to find details about a change requested by the Project Board, the Issue Report is our go-to document. It's detailed with descriptions, impacts, and suggested actions for formally managed requests for changes. This is super important since it ensures everyone involved understands what's changing and why, and what it means for the project. So whenever there's a formal change needed, check out the Issue Report!
Question #15
Which is the purpose of the Change theme?
- ATo prevent change to baselined products
- BTo identify, assess and control any potential and approved changes to baselined products
- CTo establish mechanisms to monitor and compare actual achievements against those planned
- DTo assess and control uncertainty
Correct Answer:
B
B
GPT-4o - Answer
The Change theme in PRINCE2 enhances project flexibility by establishing a methodical process for assessing, controlling, and approving modifications to baselined products. It emphasizes the importance of handling potential changes efficiently without compromising the project's stability. This framework is vital for adapting to changes while maintaining control over the project's scope and objectives.
All Pages