Free Practice Questions for PRINCE2 Prince2-Foundation Exam

The Managing a Stage Boundary process provides the Project Board with information necessary to review the success of the current stage and decide whether there remains a justified business reason to continue with the project. This process includes the evaluation of the stage's performance and the ongoing viability of the project. References: PRINCE2® Foundation Training Manual; PRINCE2® 2017 Foundation handbook.

The principle of 'manage by exception' in PRINCE2® involves setting tolerances for each project objective to establish clear limits of delegated authority. This allows for efficient use of management time and enables project managers to make decisions within the tolerance limits, while escalating issues that go beyond these limits. References: PRINCE2® Foundation Handbook, Manage by Exception section.

The tailoring approach for a project is defined and approved by the project board. This includes adapting PRINCE2® to suit the project's environment, size, complexity, importance, capability, and risk. Tailoring is crucial to ensuring that the project management method is applied in a way that fits the specific characteristics of the project and its context.References: PRINCE2® 7 Foundation handbook and documents.

The PRINCE2 principle of 'Learn from experience' addresses concerns about the project team's familiarity with similar projects. It mandates that project teams seek out and learn from previous relevant experiences and lessons logged in prior projects to enhance their effectiveness and efficiency, even when facing unfamiliar project scenarios. References: PRINCE2® Foundation Handbook, Learn from Experience principle section.

The project plan supports the 'manage by stages' principle in PRINCE2® by identifying major control points and milestones. These serve as points at which the project board can review progress and decide whether to continue with the project. This principle ensures that the project is manageable, controllable, and that decisions can be made with proper governance at each stage. References: PRINCE2® Foundation Handbook, Manage by Stages section.

The 'Directing a Project' process in PRINCE2 starts when the 'Starting up a Project' process is completed. This transition is triggered by the request to initiate a project. At this point, the project has been preliminarily assessed, and a project brief and initiation documentation are ready to be developed during the 'Initiating a Project' process, pending authorization from the Project Board to proceed.References: PRINCE2® 7 Foundation handbook and official documents.

The purpose of the Risk theme in PRINCE2 is to establish a cost-effective procedure to identify, assess, and control the uncertainties or risks that can affect the achievement of project objectives. This involves understanding how risks can impact the project and managing them proactively to ensure project success. References: PRINCE2® Foundation Training Manual; PRINCE2® 2017 Foundation handbook.

The purpose of a Risk Register in PRINCE2® is to capture all the risks that may impact the project throughout its duration. It serves as a tool to document the details of each identified risk, including their nature, potential impact, and proposed responses. This register is continuously updated as new risks are identified and as existing risks evolve or are resolved.References: PRINCE2® 7 Foundation handbook and official documents.

A project brief is produced to provide a full and firm foundation for the initiation of a project. It outlines the project objectives, scope, constraints, and the project management team structure, setting the stage for detailed planning and initiation activities. References: PRINCE2® Foundation Training Manual; PRINCE2® 2017 Foundation handbook.