How to Pass the PRINCE2 Prince2-Foundation Exam: Comprehensive PRINCE2-Foundation written Exam Guide and Tips

The purpose of the 'controlling a stage' process in PRINCE2® is to ensure that the stage stays on course and reacts to unexpected events. This includes taking corrective actions when there are deviations from the stage plan that can be managed within the tolerances set by the project board. References: PRINCE2® Foundation Handbook, Controlling a Stage section.

One of the six aspects of project performance to be managed according to PRINCE2® is 'timescales'. Managing timescales involves planning and controlling when products will be delivered and ensuring the project remains within the agreed schedule.References: PRINCE2® 7 Foundation Source: PRINCE2® Foundation handbook and online resources

A minimum requirement for applying the Risk Theme in PRINCE2 is to follow the PRINCE2 risk management procedure. This procedure includes the systematic process of identifying, assessing, and controlling project risks, ensuring that risks are managed proactively throughout the project. References: PRINCE2® 7 Foundation Handbook and official training materials.

The purpose of the Risk theme in PRINCE2® is to establish a cost-effective procedure to identify, assess, and control uncertainties or risks. This ensures that the project can cope with risks effectively. The Risk theme supports decision-making by improving the understanding of risks and their likely impact on achieving the project's objectives.References: PRINCE2® 7 Foundation resources and study materials.

A minimum requirement for applying the Plans theme in PRINCE2® is that team managers in the project must prepare team plans. This ensures that each part of the project controlled by a team manager is adequately planned in line with the overall project plan and stage plans. These team plans provide detailed guidance on how products will be delivered within the constraints set by the project management.References: PRINCE2® 7 Foundation resources and study materials.

The minimum requirement for applying the Plans Theme in PRINCE2 is following the product-based planning approach. This approach involves creating a product breakdown structure, writing product descriptions, and defining product dependencies before developing the schedule and resource plans. It ensures that plans are focused on the project's deliverables and their quality requirements. References: PRINCE2® 7 Foundation Handbook and official training materials.

Both Quality Assurance and Project Assurance are independent of the project manager, and they both ensure that applicable standards are used in the project. Quality Assurance is typically an external function that checks the project is using the right processes, while Project Assurance is internal to the project and provided by the project board, ensuring that the project continues to align with its objectives and the organizational environment. References: PRINCE2® 7 Foundation Handbook and official training materials.

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: PRINCE2® 7 Foundation study guide and official documents.

The agreed amount of risk budget for a project is recorded in the Risk Management Strategy document. This document outlines how risks will be managed throughout the project, including the budget set aside specifically for implementing risk responses. It provides a structured approach to managing risks, including their identification, assessment, planning responses, and the funds allocated for these activities.References: PRINCE2® 7 Foundation handbook and documents.

In PRINCE2®, the creation of a highlight report is a time-driven control, typically scheduled at regular intervals, such as weekly or monthly during a stage. This report provides the Project Board and other stakeholders with a summary of the stage status, and it is triggered by the passage of time, not by specific events or exceptions within the project.References: = PRINCE2® 7 Foundation Training Manual and official PRINCE2® website documentation