Prince2 Foundation Exam Questions With
Verified And Updated Answers
OV - 6 aspects of project performance to be manage - answer✔1.Costs
2.TimeScale
3.Quality
4.Scope
5.Risk
6.Benefits
OV - 5 characteristics of a project - answer✔1.Change
2.Temporary
3.Cross functional
4.Unique
5.Uncertainty
OV - 4 integrated elements on which Prince2 is based - answer✔1.principles
2.themes
3.processes
4.the project environment
OV - 7 Benefits of using Prince2 - answer✔1.can be applied to any projects
2. common vocabulary & approach
3.integrates easily with industry specific model
4.ensure management by exception to make efficient use of executives time
ALL RIGHTS RESERVED.
5.ensure focus on the continuing viability of the projet
6.lot of accredited training & consultancy org
7.explicit definition of roles & responsability
OV - Customer/Supplier context of Prince2 project - answer✔...
OV - 7 Principles - answer✔1.continuous business justification
2.learn from previous experience
3.defined & agreed roles & responsabilities
4.management by stages
5.management by exception
6.focus on the delivery of products
7.tailoring of methodology
OV - Difference between a project & a programme - answer✔...
OV - 5 characteristics of a project (detailled) - answer✔1.Change : projects are the means to
introduce changes
2.Temporary : one desired change has been implemented business as usual resume (start &
end)
3.Cross functional : projects invovle a team of people with different skills working together to
introduce a change outside of the team. Often cause strains since each has a different
perspective
4.Unique : every project is unique. different team, customer, location
5.Uncertainty : threats & opportunities. More risks.
OV - Definition of a project - answer✔a temporary organisation that is created for the purpose
of delivering one or more business products according to an ageed Business Case
OV - 7 themes - answer✔1.Business Case : why
2.Organisation : who
3.Quality : What
4.Plans : How? How much? When?
5.Risk : what if?
ALL RIGHTS RESERVED.
6.Change : what's the impact
7.Progress : where are we know? Where are we going? Should we carry on?
BC - Purpose of the BC them - answer✔is to establish mecanism to judge whether the project is
(and remains) desirable, viable and achievable as a means to support decision making in its
(continued) investment
BC - How the BC supports the continued biz justif principle - answer✔by documenting the
business justification in the business case describing the reasons for the project based on
estimated cost, risk & expected benefits
BC - Difference between output, outcome & benefit - answer✔output : any of the project's
specialist products (tangible or not); (ex : New Sales System)
outcome : the result of the change derived from using the project's output (ex:Sales Order are
processed faster)
benefit: measurable improvement resulting from an outcome that is perceived as an advantage
by one or more stakeholders (Costs are reduce by 15%)
BC - Purpose of BC & Benefit Review Plan - answer✔BC: used to document the justification for
the undertaking of a project based on the estimated costs against the anticipated benefits to be
gained & offset by any associated risks.
BFR : how & when a measurement of the achievement of the project's benefit, expected by
senior user, can be made
BC - Recommanded composition of a BC (9) - answer✔1. Exec Summary
2. Reasons
3. Business options
4. Expected benefits
5. Expected dis-benefits
6. Timescale
7.Costs
8.Investment appraisal
9.Major risks
OR - Roles in OR - answer✔Project Board (3)
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