PRINCE2 Foundation Exam Questions And Answers

PRINCE2 Foundation Exam Questions And Answers Project characteristics - ANS 1. Change 2. Temporary 3. Cross-functional 4. Unique 5. Uncertainty Six variables involved in a project - ANS 1. Costs 2. Timescales 3. Quality 4. Scope 5. Risk 6. Benefits Four integrated elements - ANS 1. Principles 2. Themes 3. Processes 4. Tailoring PRINCE2 to the project environment Principles of PRINCE2 - ANS 1. Continued business justification 2. Learn from experience 3. Defined roles and responsibilities 4. Manage by stages 5. Manage by exception 6. Focus on products 7. Tailor to suit the project environment Themes of PRINCE2 - ANS 1. Business Case 2. Organization 3. Quality 4. Plans 5. Risk 6. Change 7. Progress Purpose of a theme: Business Case - ANS To establish the mechanisms to judge whether the project is (and remains) desirable, viable and achievable as a means to support decision making in its (continued) investment. Contents of a Business Case - ANS 1. An executive summary 2. Reasons 3. Business options 4. Expected benefits 5. Expected dis-benefits 6. Timescale 7. Costs 8. Investment appraisal 9. Major risks