Verified PRINCE2-Foundation exam dumps Q&As with Correct 474 Questions and Answers
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The EXIN PR2F (PRINCE2 Foundation written) Exam is an essential certification exam for individuals who want to pursue a career in project management. PRINCE2-Foundation exam provides individuals with a comprehensive understanding of the PRINCE2 project management methodology and prepares them for higher-level certifications. The PR2F exam is available in both online and paper-based formats and is an excellent way for individuals to demonstrate their knowledge and expertise in project management.
PRINCE2 PRINCE2-Foundation Exam is a globally recognized certification program designed to equip individuals with the necessary knowledge and skills to effectively manage projects. PRINCE2 is an acronym for Projects IN Controlled Environments, and it is a process-based methodology that provides a step-by-step approach to project management. The PRINCE2 Foundation written exam is the first level of the PRINCE2 certification program, and it is aimed at individuals who are new to project management or want to enhance their project management skills.
NEW QUESTION # 181
Which describes risk probability?
- A. Timeframe within which the risk may occur
- B. A measure of the likelihood of the risk occurring
- C. Level of risks which the project can tolerate before escalating to the Project Board
- D. Probable effect on the project delivering its objectives
Answer: B
Explanation:
Section: Volume B
NEW QUESTION # 182
What is used to identify any organization or interested party who needs to be informed of project closure?
- A. Project management team structure
- B. Communication Management Strategy
- C. Configuration Management Strategy
- D. Project Brief
Answer: B
NEW QUESTION # 183
Which PRINCE2 principle is supported by the setting of tolerances for the three levels of plan?
- A. Manage by exception
- B. Learn from experience
- C. Manage by stages
- D. Continued business justification
Answer: A
Explanation:
Topic 3, Volume C
NEW QUESTION # 184
Identify the missing words in the following sentence. A purpose of the Plans theme is to [ ? ] the project's plans.
- A. define the project benefits to be achieved by each of
- B. summarize the results of the quality activities performed on
- C. define a coding system to provide a unique identifier for the products within
- D. provide a framework to design, develop and maintain
Answer: D
NEW QUESTION # 185
Which is created during the Starting up a Project process?
- A. Project mandate
- B. Quality Register
- C. Project management team role descriptions
- D. Communication Management Strategy
Answer: C
NEW QUESTION # 186
What product would enable the Project Manager to review how a Work Package is performing against its cost tolerance?
- A. Quality Register
- B. Configuration Item Record
- C. Checkpoint Report
- D. Highlight Report
Answer: C
NEW QUESTION # 187
Why is the 'initiating a project' process used?
- A. To fully understand how the project objectives will be achieved before committing significant resources
- B. To decide which project approach is suitable for the project
- C. To produce the required work packages
- D. To enable corporate or programme management to give authorization to deliver a project
Answer: A
Explanation:
Explanation/Reference:
Reference https://www.whatisprince2.net/prince2-process-initiating-a-project.php
NEW QUESTION # 188
Which process is triggered towards the end of the final stage when all the assigned work has been completed?
- A. Controlling a Stage
- B. Managing Product Delivery
- C. Closing a Project
- D. Managing a Stage Boundary
Answer: C
NEW QUESTION # 189
Which describes risk appetite?
- A. The risks to the expected benefits
- B. The budget set aside for potential changes to the scope of the project
- C. An organization's unique attitude towards risk-taking
- D. A common set of risk categories, risk scales and evaluation techniques
Answer: C
NEW QUESTION # 190
Identify the missing words in the following sentence. The role of [ ? ] is responsible for carrying out a risk response action to respond to a particular risk.
- A. Project Assurance
- B. the risk owner
- C. Project Support
- D. the risk actionee
Answer: D
NEW QUESTION # 191
What may be funded from a risk budget?
- A. Impact analysis of requests for change
- B. Implementation of a fallback plan
- C. Preparation of the risk management approach
- D. Corrections required due to off-specifications
Answer: B
Explanation:
A risk budget may fund the implementation of a fallback plan, which is activated if a risk materializes. This ensures that resources are available to manage and mitigate the impact of risks on the project, aligning with proactive risk management strategies in PRINCE2. References: PRINCE2 7 Foundation Handbook and official training materials.
NEW QUESTION # 192
What information should be recorded in the quality register?
- A. Planned activities to determine whether the products are fit for purpose
- B. Potential threats to the project's objectives and how they will be managed
- C. Lessons that the project will capture and use during the project
- D. Off-specifications that will occur during the project
Answer: C
Explanation:
Reference https://mplaza.pm/prince2-quality-register-template/
NEW QUESTION # 193
Which document should record the agreed amount of risk budget for a project?
- A. Risk Management Strategy
- B. Risk Register
- C. Project Plan
- D. Project Brief
Answer: C
NEW QUESTION # 194
When does the 'directing a project' process start?
- A. After the project has been authorized by the business layer
- B. When the project manager submits the project brief for approval
- C. When the request to authorize a project is received
- D. After the project mandate has been received
Answer: C
Explanation:
The 'Directing a Project' process in PRINCE2 starts when the request to authorize a project is received. This request usually comes after the initial project setup has been reviewed and there is a need to formally authorize the project to begin detailed planning and execution. This is a crucial step in establishing the governance framework that will guide the project's overall direction.
(PRINCE2 7 Foundation Handbook, AXELOS)
NEW QUESTION # 195
According to the 'manage by exception' principle, which aspect of performance sets limits against the cost of aggregated threats?
- A. Scope
- B. Cost
- C. Risk
- D. Quality
Answer: B
Explanation:
The principle of 'manage by exception' in PRINCE2 involves setting limits on delegated authority concerning time, cost, quality, scope, risk, and benefits. Here, the aspect of performance that sets limits against the cost of aggregated threats is "Cost". This includes setting tolerances for what can be considered acceptable deviations from the plan before an issue needs to be escalated to a higher authority. Managing by exception helps in efficient use of management time and focuses on deviations that might affect the project's success.References: (PRINCE2 7 Foundation Handbook, AXELOS)
NEW QUESTION # 196
Identify the missing words in the following sentence.
The 'managing a stage boundary' process should be executed [ ? ] a management stage.
- A. at the beginning of
- B. at, or close to the end of,
- C. when all the delivery steps have been completed within
- D. when a stage plan has been prepared for
Answer: B
Explanation:
The "Managing a Stage Boundary" process in PRINCE2 should be executed at, or close to the end of, a management stage. This timing allows for proper assessment of the stage's outcomes and preparation for the next stage, ensuring effective planning and reporting as required by the project board. References:
PRINCE2 Foundation Handbook, Managing a Stage Boundary section.
NEW QUESTION # 197
Within which integrated element does PRINCE2 set minimum requirements?
- A. Themes
- B. Processes
- C. Project environment
- D. Principles
Answer: A
Explanation:
PRINCE2 sets minimum requirements within its themes. Themes support the principles and are aspects of project management that must be addressed continually and in parallel throughout the project. The themes provide knowledge areas necessary for the effective management of a project. References: PRINCE2 Foundation Handbook, Themes section.
NEW QUESTION # 198
Which is assumed to be a supplier's responsibility in the PRINCE2 customer/supplier environment?
- A. Pay for the project
- B. Provide the resources and skills to deliver the desired result
- C. Specify the desired result
- D. Specify the benefits of the project
Answer: B
NEW QUESTION # 199
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