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| Section | Objectives |
|---|---|
| PRINCE2 Principles | |
| PRINCE2 Themes | - Risk - Quality - Progress - Business Case - Organization - Plans - Change |
| PRINCE2 Processes | - Initiating a Project - Managing Stage Boundaries - Starting Up a Project - Controlling a Stage - Managing Product Delivery - Directing a Project - Closing a Project |
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NEW QUESTION # 231
Additional Information
Chief Executive Officer (CEO): He started the company 25 years ago and knows his job very well. He injured his leg two years ago which has restricted his visits to the engineering area. As CEO he has an overall perspective of the business strategic requirements and the authority to commit resources as required.
Marketing Director: She has been with the company for three years, following a successful career with a publicity company. She has the ability to represent the needs of the business, particularly as this is a marketing project. She has the authority to commit the annual business marketing budget, from which the project will be funded, as she sees appropriate. She will be responsible for monitoring the expected benefits of the calendar, in particular the improvement of the company's image.
Engineering Manager: He has been responsible for many engineering innovations in the company and is still as keen and energetic as the day he started. VVhilst he will not be part of the project team, his staff will feature in the photos for the promotional calendar.
Central Records: This group of five staff looks after all company records and document control. They now maintain all project files.
Bright Lights: This is the local office supplies company. It supplies all the stationery and office equipment needs of the company and will supply the stationery for this project.
Portraits ltd: This is a professional photographic company with a number of excellent photographers and a history of successful work. This company has been selected to take the photos for the company calendar. It has yet be decided which of the photographers to use.
Which 2 statements explain why the Marketing Director should be appointed as a Senior User for this project?
Answer: A,C
NEW QUESTION # 232
HOTSPOT
Project Scenario
Calendar Project (Note: The companies and people within the scenario are fictional.)
There has been a reduction in fie number of orders at the MNO Manufacturing Company due in part to the increased marketing activities of its competitors. To help counter this, the company has decided to create a promotional calendar for next year for all its current and prospective customers. The end product of this project will be a prepared calendar pack, ready for printing. The design of the calendar will be similar to one sent out previously, and must reflect the company image as described in the existing corporate branding standards. Another project is currently producing a new company logo when is to be printed on each page of the promotional calendar. The prepared calendar pack will consist of:
- Design for each month - correctly showing at public holidays and new company logo - Selected photographs- 12 professionally-produced photographs, showing different members of staff - Selected paper and selected envelope - for printing and mailing the calendar
Chosen label design - a competition to design a label will be held as part of this project List of customers - names and addresses of customers to whom the calendar will be sent.
The project is currently in initiation and will have two further stages:
Stage 2 will include tie activities to:
Create the customer fast using information from the Accounts and Marketing departments
-- -
---- --
Confirm compliance with the Data Protection Legislation Create a design for each month - this will be done by the internal creative team Select and appoint a professional photographer Gather photograph design ideas from previous project and agree photographic session schedule Prepare a production cost forecast Select paper and envelope.
Stage 3 will include the activities to:
---
Produce and select tie professionally-taken photographs Hold the label design competition and choose the label design Assemble the prepared calendar pack.
A production cost forecast, based on the options and costs for the paper, envelope, printing and marketing of the calendar is to be produced in stage 2. However, the actual production and distribution of the calendars is not within the scope of the project. The product cost forecast will be reviewed by the Project Board to determine whether tie project should continue.
It is now 05 October and the prepared calendar pack must be delivered to the print company by 30 November, to enable printing and distribution of the calendar in time for Christmas. The cost of the activities to develop the specialist products and the cost of the project management activities are estimated to be (GBP)20,000. There is a project time tolerance of +1 week /-2 weeks and a project cost tolerance of +(GBP)6,000 / -(GBP)6,000. A change budget of (GBP)500 has been allocated but there is no risk budget.
Lines 1 to 6 in the table below consist of an assertion statement and a reason statement For each line identify the appropriate option, from options 1 to 6, that applies. Each option can be used once, more than once or not at all.
Answer:
Explanation:
NEW QUESTION # 233
The executive has set the following tolerances for stage 2:
Time (+/- 1 week)
Cost (+/- £20,000)
Scope (using MoSCoW prioritization technique)
Risk (based on the risk appetite defined in the risk management approach) These tolerances have been recorded in the stage plan. The project manager will report progress regularly via highlight reports to the project board and use exception reports to raise exceptions. In addition, the project assurance role will monitor the stage to provide confidence to the project board that exceptions are being reported.
How well does this apply the 'manage by exception' principle, and why?
Answer: A
NEW QUESTION # 234
Scenario
Product Summary
A list of customers will be collated. This will use existing information from the Accounts department about current customers, and existing information from the Marketing department about prospective customers.
Using the tariff of mailing costs available from the Post Office, a production cost forecast will be produced to allow the CEO and the Marketing Director to decide whether to continue with the project. If they decide to continue, they will give the approval to launch the internal label design competition. Competition rules will be required to communicate details of the competition to the staff. The chosen label design will then be selected from the competition entries.
The photos for the calendar must be based on existing photo design ideas available from the Marketing department. The selected photos will be chosen from these. Monthly calendar displays will be created to show the required layout of each page.
Product Breakdown Structure (contains errors)
Extract from Stage Plan for stage 3.
(All entries are true statements but may not be shown under the correct heading or in the correct document).
Using the Project Scenario and the Extract from Stage Plan for stage 3 provided as additional intonation for this question in the Scenario Booklet, answer the following 5 questions.
The Stage Plan for stage 3 has been produced.
The Engineering Manager insists that there are to be no interruptions to operations whilst photographs are being taken of the engineering staff performing their everyday duties and operating machinery. Two weeks ago the professional photographer produced the photo session schedule based on the operational staff schedule. The operational staff schedule is produced weekly and maintained by the Engineering Manager.
None of the £500 change budget has been used to date and this is available for the stage.
Which 2 statements apply to the Plan prerequisites section?
Answer: A,E
NEW QUESTION # 235
RISK
The following risk has been recorded in the risk register:
"The solar panel company has had shipping issues over the past few months resulting in some delays. There is a risk that the solar panels for the shopping centre may be delayed, resulting in delays to stages 3 and 4." In response to this risk, the BuildyBrick construction team manager has been discussing an alternative shipping method with the solar panel supplier to minimize disruption.
Here are three items of information to be included in the risk register.
Under which heading of the risk register (A-E) should the information be recorded?
Choose only ONE heading for each item of information. Each heading can be used once, more than once, or not at all.
Answer:
Explanation:
Explanation:
C, A, B
PRINCE2 defines a risk register as the central repository for all information related to identified risks, including their assessment and management. Each risk must be described using consistent attributes so that it can be monitored and controlled effectively.
The statement "The CEO of BuildyBrick will monitor the progress..." identifies the individual who is accountable for managing, monitoring, and controlling the risk. PRINCE2 defines the risk owner as the person responsible for "the management, monitoring and control of all aspects of a particular risk." Therefore, this information must be recorded under Risk owner (C).
The statement "They have decided, based on current information, that it is looking increasingly possible that delays will occur" describes an assessment of how likely the risk is to happen. PRINCE2 defines probability as "the likelihood of the risk occurring." This assessment belongs under Probability (A) in the risk register.
The statement "The next batch of solar panels is due to be delivered next week" indicates when the risk might materialize. PRINCE2 uses the term proximity to describe "the timeframe within which the risk is likely to occur." As this information relates to timing rather than impact or response, it should be recorded under Proximity (B).
Correctly classifying risk information under the appropriate headings ensures that risks are reviewed consistently and that effective control actions can be taken in line with PRINCE2's risk management approach.
NEW QUESTION # 236
......
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