Question 1

Which is a responsibility of a risk owner?

Accepted Answer

A)  Identify risks to the project that might occur in their department 
B)  Own and authorize the use of the risk budget to fund risk responses 
C)  Manage, monitor and control all aspects of an assigned risk 
D)  Determine project risk appetite

Question 2

Which provides a single source of reference that may be used by people joining a project after it has been initiated so they can quickly and easily find out how the project is being managed?

Accepted Answer

A)  Project Brief 
B)  Project Initiation Documentation 
C)  Project mandate 
D)  Project Product Description

Question 3

Which product is NOT created in the Managing a Stage Boundary process?

Accepted Answer

A)  Benefits Review Plan 
B)  End Stage Report 
C)  Lessons Report 
D)  Exception Plan

Question 4

How should the Team Manager report that tolerances are forecast to be exceeded?

Accepted Answer

A)  Create an Exception Report 
B)  Create a Highlight Report 
C)  Raise an issue 
D)  Grant a concession

Question 5

Which is a purpose of a Project Product Description?

Accepted Answer

A)  Records the costs and timescales for delivery of the project's final product 
B)  Shows the dependencies between the project's products to aid planning 
C)  Provides a list of all the products to be delivered by the project 
D)  Defines what the project must deliver in order to gain acceptance

Question 6

Which risk response type is appropriate to respond to an opportunity?

Accepted Answer

A)  Accept 
B)  Fallback 
C)  Exploit 
D)  Transfer

Question 7

Upon what environment is PRINCE2 based?

Accepted Answer

A)  Operational 
B)  Configuration 
C)  Programme 
D)  Customer/supplier

Question 8

Which is a purpose of the Directing a Project process?

Accepted Answer

A)  Create and authorize the project mandate 
B)  Ensure that work on products allocated to the team is authorized and agreed 
C)  Control the day-to-day running of the project 
D)  Delegate day-to-day management of the project to the Project Manager

Question 9

Which enables the project's products and all interdependencies to be clearly identified and documented?

Accepted Answer

A)  Product breakdown structure 
B)  Quality Management Strategy 
C)  Product-based planning technique 
D)  Quality review technique

Question 10

Which product identifies the management stages and timescales of a project?

Accepted Answer

A)  Project Brief 
B)  Project Product Description 
C)  Project Plan 
D)  Initiation Stage Plan

Question 11

In which product does a Project Manager define the time and cost tolerances for the work to be done by a Team Manager?

Accepted Answer

A)  Product Description 
B)  Team Plan 
C)  Work Package 
D)  Stage Plan

Question 12

Why would the Project Manager escalate an issue to the Project Board?

Accepted Answer

A)  The Project Board is responsible for determining the priority of all issues 
B)  Direction is required on the best response for preventing the issue from occurring 
C)  The issue is forecast to cause a deviation beyond stage tolerance and advice is required 
D)  Escalating issues is a means of providing the Project Board with a regular update on their status

Question 13

Which is NOT an objective of the Controlling a Stage process?

Accepted Answer

A)  Implement actions to control the impact of risks that occur during the stage 
B)  Review the Business Case at regular intervals to assess the impact of changes that occur during the stage 
C)  Update the Business Case with any changes agreed with the Project Board 
D)  Coordinate the delivery of products as agreed in the Stage Plan

Question 14

Which of the following statements about stakeholders are true? 1. Someone who thinks they will be affected by a project is a stakeholder on that project 2. Stakeholders may be internal or external to the corporate organization

Accepted Answer

A)  Only 1 is true 
B)  Only 2 is true 
C)  Both 1 and 2 are true 
D)  Neither 1 or 2 are true

Question 15

Which statement is true for ALL project stakeholders?

Accepted Answer

A)  Internal to the corporate organization 
B)  May either affect or be affected by the project 
C)  Review the Communication Management Strategy 
D)  Support the project

Question 16

Identify the missing words in the following sentence. When planning the next stage, the Project Manager needs to review and, if necessary, update the [ ? ] with regard to external resources or suppliers.

Accepted Answer

A)  Configuration Item Records 
B)  Business Case 
C)  Project Brief 
D)  project management team and/or role descriptions

Question 17

Which is a purpose of the Organization theme?

Accepted Answer

A)  Ensure that the project organization structure will enable the project to deliver the business benefits in the required time frame 
B)  Define accountability within the project 
C)  Identify risk owners for the project 
D)  Define the quality methods and responsibilities for the management of the project

Question 18

Which is an objective of the Managing a Stage Boundary process?

Accepted Answer

A)  Understand what has gone well and what can help the next stage 
B)  Review and approve the next Stage Plan 
C)  Assure the Project Board that all project products have been completed and approved 
D)  Prepare an Exception Report to advise the Project Board of a forecast deviation from tolerance

Question 19

Which describes risk impact?

Accepted Answer

A)  Timeframe within which the risk might occur 
B)  The trigger that occurred giving rise to the risk 
C)  The effect of the risk on the delivery of project objectives 
D)  How likely the risk is to occur in a given project situation

Question 20

Why is the Initiating a Project process used?

Accepted Answer

A)  To decide which project approach is suitable for the project 
B)  To fully understand how the project objectives will be achieved before committing significant resources 
C)  To produce the required Work Packages 
D)  To enable corporate or programme management to give authorization to deliver a project

Exam 4: PRINCE2 Foundation (PRF)