Free PRINCE2 Prince2-Foundation Practice Exam with Questions & Answers | Set: 13

PRINCE2® requires a minimum of two management stages for any project: one to initiate the project and another to deliver the project. This structure ensures proper planning, delegation, monitoring, and control over the course of the project lifecycle.References: = PRINCE2® 7 Foundation handbook and online resources

In the PRINCE2® process of Managing Product Delivery, the work to be done is assigned to a Team Manager. This process involves the acceptance, execution, and delivery of project products and is where the work is delegated to the team responsible for producing the products, managed by a Team Manager.References: PRINCE2® Foundation Manual

To meet the minimum requirements when applying the change theme in PRINCE2®, it is necessary to maintain records of the decisions made on all issues. This includes documenting how each issue was addressed and any subsequent changes made to project plans or products. This record-keeping is crucial for traceability, accountability, and ensuring that decisions are aligned with project objectives and governance.References: PRINCE2® Foundation Manual

A minimum requirement for applying the 'change' theme in PRINCE2® is to document the format and contents of the issue register. This ensures that all issues, including requests for change, are captured systematically and managed appropriately throughout the project lifecycle.References: = PRINCE2® 7 Foundation handbook and online resources

According to the ‘continued business justification’ principle of PRINCE2®, if a project can no longer be justified — meaning it no longer meets its original or updated justification for a viable return on investment — the funds allocated to it should be returned to corporate, programme management, or the customer. This ensures that resources are not wasted on unjustifiable projects.References: = PRINCE2® 7 Foundation handbook and online resources

Applying the ‘focus on products’ principle in PRINCE2® helps to ensure stakeholder expectations are met by providing a common understanding of the project’s products. This principle emphasizes the importance of clearly defining what the project has to deliver, in terms of both scope and quality, so that there is no ambiguity about the expected deliverables, thereby aligning expectations and project outputs.References: = PRINCE2® 7 Foundation handbook and online resources

The principle that the project manager is applying by reviewing changes in team dynamics is 'Tailor to suit the project context'. This principle involves adapting the management of the project to the environment, including the team dynamics, to ensure that the project management approach is appropriate for the specific context and challenges of the project. References: PRINCE2® 7 Foundation handbook and principles section.

During the 'Initiating a Project' process in PRINCE2®, a detailed plan for the work needed for project initiation is established. This includes developing the various management strategies and the project initiation documentation (PID) that will guide the project's execution and control phases.References: PRINCE2® Foundation Manual

A fundamental assumption in the PRINCE2® framework regarding the customer/supplier environment is that the customer will specify the desired result. This assumption underlines the relationship where the customer defines what they want to achieve from the project, and the supplier provides the resources and expertise to deliver the project's outputs that meet these specifications.References: PRINCE2® Foundation Manual

The role of the change authority in PRINCE2® is to authorize changes within the project that do not exceed a predefined budget. This role is designated to ensure that any change proposals are evaluated and approved without exceeding the allocated budget for changes, thereby maintaining control over project costs and scope.References: PRINCE2® Foundation Manual