PRINCE2 7 Foundation (Version 7)

Which of the following best describes the purpose of PRINCE2 as a project management method?

• ATo provide a flexible, scalable framework of principles, practices, and processes that ca…
• BTo provide a fixed, step-by-step procedure that all projects must follow without deviation
• CTo replace the need for a project manager by automating project governance decisions
• DTo serve as a contracting standard for suppliers delivering work packages

PRINCE2 7 describes five integrated elements that together make up the method. Which option correctly lists all five?

• APrinciples, People, Practices, Processes, Project Context
• BPrinciples, Themes, Processes, People, Project Context
• CPrinciples, Practices, Phases, People, Programmes
• DGovernance, People, Practices, Processes, Performance

In PRINCE2 7, which term replaced 'themes' from the previous version of the method?

• APrinciples
• BProcesses
• CPractices
• DProcedures

What are the six performance aspects that PRINCE2 7 uses to measure and manage project delivery?

• ATime, Cost, Scope, Risk, Quality, and Benefits
• BTime, Cost, Scope, Risk, Quality, and People
• CTime, Cost, Scope, Quality, Risk, and Sustainability
• DTime, Cost, Quality, Risk, Benefits, and Communication

A project is described as a temporary organization created for the purpose of delivering business products according to an agreed business case. Which characteristic distinguishes a project from routine business operations?

• AProjects have a defined start and end, unique outputs, and involve cross-functional teams…
• BProjects are always larger than routine operations in terms of budget and headcount
• CProjects use formal PRINCE2 documentation whereas routine operations rely on informal pro…
• DProjects are always initiated by a senior supplier and sponsored by a customer organizati…

What does PRINCE2 mean by a 'product' in the context of project management?

• AOnly physical items that can be handed over to the customer upon project completion
• BAny output, outcome, or benefit that the project is commissioned to deliver
• CAny tangible or intangible item, document, or service that must be produced to complete t…
• DThe financial return generated by the project for the sponsoring organization

PRINCE2 7 identifies three delivery approaches that a project might use. Which of the following correctly lists them?

• AWaterfall, Agile, and Hybrid
• BLinear, Iterative, and Hybrid
• CPredictive, Agile, and Hybrid
• DSequential, Adaptive, and Blended

Which of the following is NOT one of the seven PRINCE2 7 principles?

• AContinued business justification
• BFocus on products
• CManage by exception
• DDefine a clear project plan

The principle 'continued business justification' requires that a PRINCE2 project must have which characteristic throughout its life?

• AA written Business Case that is reviewed and updated at every management stage boundary
• BA justifiable reason to continue that is approved by the executive at every stage boundary
• CDemonstrable value for money, evidenced by a positive net present value at all times
• DA signed contract from the customer confirming funding for the entire project

According to the PRINCE2 principle 'learn from experience', when should lessons be sought, recorded, and acted upon?

• AOnly at project closure, when a final Lessons Report is compiled
• BOnly at the end of each management stage in an End Stage Report
• CThroughout the project — from startup through initiation, delivery, and closure
• DOnly when something goes wrong and a problem/concern issue needs to be raised

The PRINCE2 principle 'defined roles and responsibilities' requires that a project must have an organizational structure with clearly defined roles. Which three interests must always be represented within the project management team?

• ABusiness, Technical, and Financial
• BCustomer, Contractor, and Regulator
• CBusiness, User, and Supplier
• DSponsor, Manager, and Delivery

A project manager is reviewing whether she needs management stage boundaries for a small, 3-month internal project. Under which PRINCE2 principle does this decision fall?

• AManage by stages
• BFocus on products
• CManage by exception
• DTailor to suit the project

Which PRINCE2 principle enables delegation of authority by setting tolerance levels at each level of the project management hierarchy?

• AContinued business justification
• BManage by stages
• CFocus on products
• DManage by exception

The 'focus on products' principle requires PRINCE2 projects to use product-based planning. What is the PRIMARY output of product-based planning at the project level?

• AThe Project Product Description
• BThe Project Initiation Document (PID)
• CThe Work Package
• DThe Quality Register

The principle 'tailor to suit the project' means that PRINCE2 must be adapted to the project environment. Which of the following is a legitimate example of tailoring PRINCE2?

• ACombining the roles of project manager and executive because the project is very small
• BRemoving the 'continued business justification' principle because the project is fully fu…
• CReducing the number of management stages from the minimum of two to just one
• DOmitting a Business Case because the project is considered low risk

PRINCE2 7 introduced 'People' as one of the five integrated elements. Which of the following correctly describes what the People element encompasses?

• AThe human resources plan for recruiting and retaining project team members
• BThe organizational design of the project management team, including role descriptions
• CThe leadership, culture, communication, stakeholder engagement, and change management asp…
• DThe training and development plan for building specialist skills within the project team