Prince2 Test Q&A 2023

Which theme establishes mechanisms to determine whether the project is (and remains) desirable, viable, and achievable? - Answer- Business Case theme Which type of risk response only reduces the financial impact of a risk? - Answer- Transfer What PRINCE2 term is used to describe the adoption of PRINCE2 across an organization? - Answer- Embedding What PRINCE2 term is used to describe the measurable improvement resulting from an outcome that is perceived as positive by one or more stakeholders? - Answer- Benefit PRINCE2 consists of four integrated elements: themes, processes, the project environment, and which other? - Answer- Principles Which management product is used to determine how and when a measurement of the achievement of the project's benefits can be made? - Answer- Benefits Review Plan Which section of the Business Case balances the forecast benefits against the time, cost, and risk of the project? - Answer- Investment appraisal During which process is version one of the detailed Business Case created? - Answer- Initiating a Project Which role is responsible for demonstrating that benefits have occurred? - Answer- Senior User What are the five core activities of configuration management? - Answer- Planning, identification, control, status accounting, and verification and audit Which of the PRINCE2 principles ensures that everyone on the project team understands what is expected of them? - Answer- Defined roles and responsibilities Which three project interests are represented on the Project Board? - Answer- Business, user, and supplier Which PRINCE2 role is ultimately responsible for the project? - Answer- Executive Which management product documents the justification for undertaking the project? - Answer- Business Case What management product describes a project's approach to managing uncertainty? - Answer- Risk Management Strategy