Free PRINCE2 Prince2-Foundation Practice Exam with Questions & Answers | Set: 12

When the project board reviews whether the investment remains justified as the project progresses, this application of the 'manage by stages' principle is evident. This principle ensures that at the end of each stage, the project board reassesses the business case and the viability of the project before deciding to continue with the next stage.References: PRINCE2® 7 Foundation resources on the 'manage by stages' principle.

The Project Manager should review the Highlight Report to report to the Project Board on the status of the project's issues. The Highlight Report provides a regular summary of the stage status, including progress against the plan and details about any issues or risks, making it the appropriate management product for communicating current issues to the Project Board.References: (PRINCE2® 7 Foundation Handbook, AXELOS)

In the PRINCE2 framework, the team manager is the role primarily responsible for the welfare, including the safety and well-being, of the project team. This role involves managing the team environment and ensuring that team members are supported throughout the project's lifecycle.References: PRINCE2® 7 Foundation guide and resources detailing project roles and responsibilities.

To understand how user assurance will support the senior user on the project, the senior user should review the 'Role Descriptions' management product. This document outlines the responsibilities and interfaces for all project roles, including how user assurance supports the senior user by ensuring that the project's products meet the needs and requirements of the users.References: PRINCE2® 7 Foundation documentation on management products, particularly Role Descriptions.

The goal of the 'implement' step within the recommended risk management procedure in PRINCE2® is to prepare specific management responses to the identified risks. This involves developing strategies to enhance opportunities and reduce threats to the project's objectives, ensuring that appropriate responses are ready for implementation.References: = PRINCE2® 7 Foundation handbook and online resources

One of the advantages of dividing the project into stages, as advocated by PRINCE2®, is that detailed plans can be prepared closer to the time events will take place. This allows planning to be based on more accurate, up-to-date information, improving the relevance and accuracy of the plans. This approach also allows for better response to changes and risks, as planning for later stages can adjust based on the outcomes and learnings from earlier stages.References: PRINCE2® Foundation Manual

PRINCE2® benefits organizations and project management by promoting consistency across project work and facilitating the reuse of project assets. This includes methodologies, processes, and lessons learned which enhance efficiency and effectiveness in managing projects, thereby contributing to consistent project success and resource optimization.References: = PRINCE2® 7 Foundation handbook and online resources

Applying the 'tailor to suit the project' principle in PRINCE2® helps make project management less bureaucratic by allowing for adaptations based on the project's size, complexity, environment, and stakeholders' needs. This flexibility reduces unnecessary overhead and ensures that the project management approach is both effective and efficient, enhancing overall project delivery without being overly constrained by rigid processes.References: PRINCE2® Foundation Manual

Effective communication within a project in PRINCE2® focuses on ensuring that messages are clear, consistent, and reach the right stakeholders at the right time. This involves targeting key influencers who can aid in further disseminating information throughout the project, thereby enhancing communication efficiency and effectiveness.References: = PRINCE2® 7 Foundation Training Manual and official PRINCE2® website documentation

The Project Board must review the Project Brief to confirm there is enough information to initiate the project. The Project Brief includes the outline Business Case, the project's objectives, and how the project fits into the organization's objectives. This document is essential for the Project Board to understand what the project is intended to achieve, ensuring alignment with organizational goals and confirming that the project remains viable before moving forward into the initiation stage. References: PRINCE2® Foundation training manual and official handbook.