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| Section | Weight | Objectives |
|---|
| People & Project Context | 10% | - Tailoring principles & application - People element & engagement
|
| PRINCE2ยฎ Principles | 20% | - Tailor to suit the project environment - Learn from experience - Manage by stages - Focus on products - Manage by exception - Continued business justification - Defined roles and responsibilities
|
| PRINCE2ยฎ Processes | 30% | - Managing Product Delivery - Managing a Stage Boundary - Initiating a Project - Closing a Project - Directing a Project - Controlling a Stage - Starting up a Project
|
| PRINCE2ยฎ Practices | 40% | - Quality - Business Case - Risk - Organization - Change - Progress - Plans
|
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EXIN PRINCE2 7 Foundation written Exam Sample Questions (Q339-Q344):
NEW QUESTION # 339
What is described as an organization's unique attitude towards risk taking
- A. Risk tolerance
- B. Risk management
- C. Risk evaluation
- D. Risk appetite
Answer: D
Explanation:
An organization's unique attitude towards risk-taking is described as its 'Risk appetite'. Risk appetite defines the level and type of risk that an organization is willing to pursue or retain. This concept is critical in guiding how risks are managed across projects, as it influences decision-making and strategy regarding risk exposure.
References: PRINCE27 Foundation study guide and official documents.
NEW QUESTION # 340
Why is the 'learn from experience' principle applied to a project?
- A. To allow the project to be divided into management stages
- B. To enable the project team to repeat successes from previous projects
- C. To enable the project team to use tolerances to delegate authority
- D. To enable the project team to develop a business case for the project
Answer: B
Explanation:
Explanation
Reference https://link.springer.com/chapter/10.1007/978-3-319-23000-9_4
NEW QUESTION # 341
What is an advantage of applying the 'manage by stages' principle?
- A. The project has decision points so that it does not run on in an uncontrolled manner
- B. Tolerances can be defined for delegated authority
- C. The project delivers benefits that are aligned with strategic objectives
- D. The PRINCE2 method can be used for any type of project
Answer: A
Explanation:
One advantage of applying the 'manage by stages' principle in PRINCE2 is that the project is broken down into manageable stages, providing decision points (stage boundaries). This helps in maintaining control by providing opportunities to review and, if necessary, adjust the project's direction and ensure it does not run on in an uncontrolled manner.References: PRINCE2 Foundation Manual
NEW QUESTION # 342
Which are reasons for a benefits management approach?
1. To state how improvements will be measured
2. To confirm that the benefits are realized
3. To estimate the costs of improvement
4. To define the reason for delivering the improvement
- A. 3 and 4
- B. 1 and 2
- C. 2 and 3
- D. 1 and 4
Answer: B,C
Explanation:
Section: Volume B
NEW QUESTION # 343
Which should be funded by a change budget?
- A. Initiation stage
- B. Increase in agreed scope
- C. Handover activities
- D. Change Authority
Answer: B
Explanation:
The change budget in a PRINCE2 project is designed to fund changes that involve an increase in the agreed scope of the project. Such changes typically require additional budget allocations as they extend or modify what the project initially planned to deliver. References: PRINCE2 Foundation official study guide and online resources.
NEW QUESTION # 344
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