Free Practice Questions for PRINCE2 Prince2-Foundation Exam

The definition of management within the context of PRINCE2 relates to instructing the execution of tasks according to predefined, agreed-upon methods or standards. This encapsulates the directive aspects of management, ensuring tasks are completed as planned and in alignment with the project's goals and processes.References: PRINCE2® 7 Foundation handbook and guide on management principles.

A requirement in the context of PRINCE2® is defined as a documented need or expectation that is formally approved and used as a basis for further project development. This documentation typically includes specific details about project scope, expected outcomes, and performance criteria, which are crucial for project planning and execution.References: = PRINCE2® 7 Foundation Training Manual and official PRINCE2® website documentation

The 'benefits management approach' is the management product the project manager should produce to plan reviews for confirming whether the expected measurable improvements have been achieved. This approach outlines how and when the benefits of the project are to be measured and assessed, aligning the project's deliverables with the intended outcomes.References: PRINCE2® 7 Foundation documentation on benefits management.

In PRINCE2, the 'Issue and Change Control' procedure encompasses the management of issues throughout the project lifecycle, including capturing, examining, and deciding on issues. Archiving superseded versions is part of the final step in the 'Deciding on changes' phase, where decisions are made on the issues and subsequent actions, including updates to project baselines and documentation, are implemented and archived as necessary.References: PRINCE2® 7 Foundation handbook and official resources on issue management technique.

The objectives of the 'Starting Up a Project' process include providing an interface between the corporate or program environment and the project (objective 1) and providing business justification for initiating the project (objective 4). This process ensures that the project is viable and worthwhile before further resources are committed and that there is a clear link to corporate strategies and ongoing work.References: (PRINCE2® 7 Foundation Handbook, AXELOS)

hen the project board reviews the Project Initiation Documentation (PID), it is essential to ensure that the PID is aligned with the business objectives. The PID should encapsulate the project's definition, including the reasons for undertaking the project, the benefits expected, and how it aligns with the broader business goals. Ensuring this alignment helps validate that the project remains viable and worthwhile as it progresses.References: (PRINCE2® 7 Foundation Handbook, AXELOS)

During the 'Maintain' step of the 'business case management' technique in PRINCE2, the project manager assesses the ongoing viability of the project against the business case, including whether the outcomes are likely to deliver the expected performance improvements post-project. This is a continuous process that ensures the project remains aligned with business needs and expected benefits throughout its lifecycle.References: PRINCE2® 7 Foundation documentation on business case management.

The objectives of the 'Starting up a Project' process in PRINCE2® include giving authority to initiate the project (ensuring there is a solid foundation before significant expenditure is committed), and appointing the resources needed to undertake the initiation phase of the project. This process sets the project up for success by confirming its scope, defining how it will be managed, and allocating the necessary resources.References: = PRINCE2® 7 Foundation Training Manual and official PRINCE2® website documentation

The 'progress' practice in PRINCE2 should be used to monitor and control the performance of the project against its plans and the project's overall direction. This includes predicting whether the benefits will exceed the costs, which is crucial for evaluating the project's ongoing viability and justifying the continuation of the project based on its forecasted value to the organization.References: (PRINCE2® 7 Foundation Handbook, AXELOS)

Change management' is defined as the means by which an organization transitions to a desired future state. It involves the processes and techniques used to manage the people side of change to achieve the required business outcome, ensuring that changes are implemented smoothly and effectively.References: PRINCE2® 7 Foundation materials on project management terms and definitions.