Free Practice Questions for PRINCE2 Prince2-Foundation Exam

If a project is part of a programme, the activities related to verifying the project approach and capturing previous lessons in the 'Starting up a Project' process are most likely to be reduced or eliminated. This reduction occurs because the programme likely provides a strategic framework and lessons learned that the project can adopt directly. References: PRINCE2® Foundation Training Manual; PRINCE2® 2017 Foundation handbook.

Qualitative analysis of a risk in PRINCE2 assesses, at a minimum, the likelihood of each risk occurring and its potential impact on project objectives. This analysis helps in prioritizing risks based on their severity and likelihood, which is crucial for effective risk management and decision-making about risk responses.References: (PRINCE2® 7 Foundation Handbook, AXELOS)

The 'Managing Product Delivery' process in PRINCE2® is where the specified quality methods are applied to ensure that a product meets its quality criteria. This process focuses on the acceptance, execution, and delivery of the project's products, ensuring that they are produced to the defined quality standards as part of the overall project delivery.References: = PRINCE2® 7 Foundation Training Manual and official PRINCE2® website documentation

By organizing a workshop with project stakeholders to define the detailed requirements for project outputs, the team manager is applying the PRINCE2 principle of "Focus on Products." This principle emphasizes that a project's primary focus should be on product definition, delivery, and quality requirements, which are crucial for achieving project success and user satisfaction.References: (PRINCE2® 7 Foundation Handbook, AXELOS)

In the context of PRINCE2, the integrated elements include the principles, themes, processes, and tailoring PRINCE2 to the project environment. 'The products' are not listed as one of these integrated elements. Instead, they are outputs or deliverables that result from applying the PRINCE2 methodology to project management. References: PRINCE2 Foundation manual, PRINCE2 official resources

An objective of the Managing Product Delivery process is to ensure that work on products is authorized and agreed with the team. This process involves the Project Manager providing Work Packages to the Team Managers, who then complete the work agreed upon within the defined tolerances. References: PRINCE2® Foundation official documentation and study materials.

The risk response type "Transfer" is applicable to both threats and opportunities. This response involves transferring the ownership of the risk to a third party who is better able to manage the risk, thus applying to both positive and negative risks. References: PRINCE2® Foundation Training Manual; PRINCE2® 2017 Foundation handbook.

In PRINCE2, a project is defined as a temporary organization that is set up to deliver one or more business products according to an agreed Business Case. The temporary nature of projects highlights their finite and unique aspects, distinguishing them from regular, ongoing operations. References: PRINCE2 Foundation manual, PRINCE2 official resources

Follow-on action recommendations are used to document any uncompleted work or additional actions required after the project closure. These recommendations ensure that any outstanding issues or incomplete deliverables are addressed, even after the project has officially closed. References: PRINCE2® Foundation official study guide and materials.

These responses are crafted based on the official PRINCE2® guidelines and documentation, ensuring that they are reflective of the most current practices within the PRINCE2® methodology.

This statement is not true as the purpose of the Initiating a Project process. The correct purpose of this process is to ensure that there are solid foundations for the project, usually after the project has already been decided as worthwhile and approved for initiation. The decision to initiate a project is typically made before the Initiating a Project process. References: PRINCE2® Foundation official documentation and study materials.