Free PRINCE2 Prince2-Foundation Practice Exam with Questions & Answers | Set: 2

PRINCE2 can be applied to any type of project because it separates the management of the project from the specialist work needed to deliver the products. This separation allows PRINCE2 to be flexible and adaptable to different industries and project types, as it focuses on the universal aspects of project management rather than specifics of the work content.References: PRINCE2® 7 Foundation handbook and official documents.

To meet the minimum requirements for applying the Change Theme in PRINCE2, it is essential to maintain detailed records of all decisions taken on issues. This documentation supports the governance of changes, ensuring that all changes and their impacts are managed transparently and effectively throughout the project. References: PRINCE2® 7 Foundation Handbook and official training materials.

The purpose of a Project Brief in PRINCE2® is to provide a solid basis for the initiation of the project. The Project Brief includes the outline of the project's objectives, scope, constraints, and assumptions. It is developed during the 'Starting up a Project' process and is used to ensure that a clear, concise, and feasible plan is proposed before the project is formally initiated.References: PRINCE2® 7 Foundation resources and materials.

The "Managing Product Delivery" process in PRINCE2® is designed to monitor the work assigned to a team manager. This process ensures that the work is completed according to the specifications agreed upon in the Work Package and provides a mechanism for the team manager to report progress back to the project manager. References: PRINCE2® Foundation Handbook, Managing Product Delivery section.

The objective of the Starting up a Project process in PRINCE2 includes ensuring that the roles and responsibilities are defined before the project is formally initiated. This includes identifying who will be responsible for creating the Project Plan. References: PRINCE2® Foundation Training Manual; PRINCE2® 2017 Foundation handbook.

The level of management that sets the project level tolerances in PRINCE2® is corporate, programme management, or the customer. These project-level tolerances are defined to set the allowable limits of variation for the project’s objectives, which the Project Manager must work within. This helps ensure that the project remains aligned with strategic goals and customer or corporate standards.References: PRINCE2® 7 Foundation resources and materials.

The Communication Management Approach is the PRINCE2® product that describes the means and frequency of communication to parties both within and outside the project. It specifically addresses how often and by what methods stakeholders will receive information regarding the project, reflecting their information needs as identified in stakeholder analyses.References: PRINCE2® Foundation Manual

The purpose of the 'Directing a Project' process in PRINCE2 is for the project board to exercise overall control over the project while delegating day-to-day management of the project stages to the Project Manager. This process includes decision-making on project initiation and continuation, as well as providing overall guidance on policy and standards. References: PRINCE2® Foundation Training Manual; PRINCE2® 2017 Foundation handbook.

The application of the "Continued Business Justification" principle in PRINCE2® helps to define what should be included in a project. This principle ensures that a project remains viable and relevant, with a clear justification for starting and continuing each stage of the project. It supports decision-making about the inclusion of specific components or activities based on their contribution to project objectives and expected benefits. References: PRINCE2® Foundation Handbook, Continued Business Justification section.

PRINCE2® sets minimum requirements within its themes. Themes support the principles and are aspects of project management that must be addressed continually and in parallel throughout the project. The themes provide knowledge areas necessary for the effective management of a project. References: PRINCE2® Foundation Handbook, Themes section.