Prepare PR2F Exam Questions [2024] Recently Updated Questions [Q66-Q90]

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Prepare PR2F Exam Questions [2024] Recently Updated Questions

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The PRINCE2-Foundation exam is a certification exam that tests the knowledge and understanding of the PRINCE2 methodology. PRINCE2, which stands for Projects IN Controlled Environments, is a widely recognized and widely used project management methodology. The PRINCE2 methodology provides a framework for managing projects of any size and complexity. The PRINCE2-Foundation exam is designed to test candidates on their knowledge of this methodology and their ability to apply it in practical situations.

NEW QUESTION 66
Which is an objective of the Managing Product Delivery process?

Sign-off completed Work Packages

Ensure the Business Case is kept under review

Report progress to the Project Board

Ensure that work on products is authorized and agreed with the team

NEW QUESTION 67
What should be recorded in a quality register?
1. Activities to ensure the products are fit for purpose
2. Identified threats and opportunities
3. Problems and concerns to be managed informally
4. Roles responsible for reviewing the project’s products

1 and 2

2 and 3

3 and 4

1 and 4

NEW QUESTION 68
Which is NOT included in the PRINCE2 definition of a project?

A project is a temporary organization

A project’s purpose is to deliver one or more business products

A project is part of ‘business as usual’

A project is based on an agreed Business Case

NEW QUESTION 69
What is described as an organization’s unique attitude towards risk taking

Risk appetite

Risk management

Risk evaluation

Risk tolerance

Section: Volume B

NEW QUESTION 70
What process is used by the Project Manager to maintain focus on delivery of a stage’s products within agreed tolerances?

Directing a Project

Controlling a Stage

Managing a Stage Boundary

Managing Product Delivery

Section: Volume A

NEW QUESTION 71
Which is a benefit of using PRINCE2?

Is a method specifically designed for technical projects

Provides for the efficient and economic use of management time

Includes many of the proven planning techniques, such as critical path analysis

Can be used to manage both projects and programmes

NEW QUESTION 72
Which should be funded from a change budget?

The Starting up a Project process

A fallback plan

An agreed change to the scope of a project

A change to a plan, within allocated tolerances, due to poor estimating

Section: Volume A
Explanation/Reference:

NEW QUESTION 73
Identify the missing word(s) in the following sentence.
The ‘controlling a stage’ process is used to manage and control each [ ? ] of a project.

delivery step

benefit

delivery stage

team plan

Section: Volume B

NEW QUESTION 74
What is the change authority role permitted to authorize?

Risks to the project

Adjustments to the limits on the change budget

Changes to stage tolerance

Changes to the project that do not exceed a defined budget

Section: Volume B

NEW QUESTION 75
Why is the Initiating a Project process used?

To decide which project approach is suitable for the project

To fully understand how the project objectives will be achieved before committing significant

resources

To produce the required Work Packages

To enable corporate or programme management to give authorization to deliver a project

NEW QUESTION 76
Identify the missing word in the following sentence.
A project’s [ ? ] are the measurable improvements resulting from the outcomes achieved through the use of the project’s outputs.

benefits

dis-benefits

issues

risks

Explanation
A Benefit is the measurable improvement resulting from an outcome that is perceived as an advantage by one or more stakeholders.
Reference http://p2.tech-academy.co.uk

NEW QUESTION 77
Which is an objective of the Closing a Project process?

Prepare the plan for the next stage

Assess any benefits that have already been realized

Produce a Benefits Review Plan to identify what benefits are expected

Check that all benefits are realized before closing a project

One of the objectives of the Closing a Project process is to produce a Benefits Review Plan. This plan outlines how the benefits of the project will be measured and reviewed after the project has been closed. It is crucial for ensuring that the benefits expected from the project are tracked and assessed in the post-project phase. References: PRINCE2 Foundation official study guide and materials.

NEW QUESTION 78
Which PRINCE2 principle is supported by the setting of tolerances for the three levels of plan?

Manage by stages

Manage by exception

Continued business justification

Learn from experience

The PRINCE2 principle supported by the setting of tolerances for the three levels of plan (Project, Stage, and Team Plans) is “Manage by exception.” This principle allows management to set predefined tolerances for project objectives, and only escalate issues to higher management if these tolerances are exceeded, thereby facilitating efficient use of management time and focus. References: PRINCE2 Foundation manual, PRINCE2 official resources

NEW QUESTION 79
Which is a minimum requirement for applying the ‘change’ theme?

Specify in the change control approach the means by which project products will be protected

Document the format and contents of the issue register

Produce issue reports to document the impact assessment for requests for change

Delegate the change authority to the senior supplier(s) for supplier off-specifications

A minimum requirement for applying the ‘change’ theme in PRINCE2 is to document the format and contents of the issue register. This ensures that all issues, including requests for change, are captured systematically and managed appropriately throughout the project lifecycle.References: = PRINCE2 7 Foundation handbook and online resources

NEW QUESTION 80
To meet the minimum requirements for applying the progress theme, what must be considered?

How lessons will be learned

How time-driven reports will be produced

Which management products will be baselined

Who is responsible for reporting on progress

Reference http://prince2.wiki/Themes

NEW QUESTION 81
What may be funded from a risk budget?

Corrections required due to off-specifications

Impact analysis of requests for change

Implementation of a fallback plan

Preparation of the risk management approach

Explanation/Reference:
Reference http://prince2.wiki/Risk#Risk_Budget

NEW QUESTION 82
Which is a purpose of the ‘identify the risks’ step within the recommended risk management procedure?

To identify responses to risks documented in the business case

To identify information about the project environment and objectives

To identify the roles to be involved in risk management activities

To identify uncertainties that may impact on the delivery of the project objectives

Explanation/Reference:
Reference http://prince2.wiki/Risk#The_Risk_Management_Procedure

NEW QUESTION 83
Which may be funded from a risk budget?

Corrections due to off-specifications

Impact analysis of requests for change

Implementation of a fallback plan

Preparation of the Risk Management Strategy

NEW QUESTION 84
Which is a minimum requirement for applying the risk theme?

Threats must be assessed for their impact on the viability of the project

A single role that is responsible for all risks must be defined

The PRINCE2 risk management procedure must be followed

Team managers must maintain their own risk registers

Reference https://www.prince2primer.com/prince2-2017-risk-theme-changes/

NEW QUESTION 85
Why is the ‘learn from experience’ principle applied to a project?

To enable the project team to repeat successes from previous projects

To enable the project team to develop a business case for the project

To allow the project to be divided into management stages

To enable the project team to use tolerances to delegate authority

The ‘learn from experience’ principle in PRINCE2 is applied to ensure that lessons are sought, recorded, and acted upon throughout the life of the project. This principle helps the project team to replicate successes and avoid repeating past mistakes, thereby improving the efficiency and effectiveness of the project.
References: PRINCE2 Foundation Handbook, Learn from Experience section.

NEW QUESTION 86
How should the Team Manager report that tolerances are forecast to be exceeded?

Create an Exception Report

Create a Highlight Report

Raise an issue

Grant a concession

NEW QUESTION 87
Which of the following are typical core activities within configuration management?
1.Planning
2.Risk assessment
3.Verification and audit
4.Identification

1, 2, 3

1, 2, 4

1, 3 ,4

2, 3, 4

NEW QUESTION 88
Which statements about quality assurance and project assurance are CORRECT?
1. They are both independent of the project manager
2. They are both the responsibility of the project board
3. They are both independent from the project management team
4. They both assure that applicable standards are being used

1 and 2

2 and 3

3 and 4

1 and 4

Section: Volume B

NEW QUESTION 89
Which is a PRINCE2 time-driven control?

End Stage Report

Project Brief

Project Initiation Documentation

Checkpoint Report

NEW QUESTION 90
Identify the missing words in the following sentence.
The ‘managing a stage boundary’ process should be executed [ ? ] a management stage.

when a stage plan has been prepared for

at the beginning of

when all the delivery steps have been completed within

at, or close to the end of,

Explanation
Reference
https://publications.axelos.com/Prince2Agile2015/content.aspx?showNav=true&expandNav=true&page=cros_13

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PRINCE2 PRINCE2-Foundation is a certification exam designed to assess one’s knowledge and understanding of the PRINCE2 methodology. PR2F exam tests the fundamental concepts of PRINCE2 and covers various aspects of project management, including project initiation, planning, execution, monitoring, and closure.

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Prepare PR2F Exam Questions [2024] Recently Updated Questions [Q66-Q90]

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