PRINCE2 7 Foundation

PRINCE2 7 Foundation practice questions, page 4 of 5, with answer review and explanations.

Question 16

A new team member has joined the project team and wants to understand who else is on the project team, and who they report to. Which management product should the team member review?

  1. Project plan
  2. Project management team structure
  3. Role descriptions
  4. Project log

Question 17

How can the risk culture of an organization make decision-making less effective?

  1. By using statistical modelling to understand the impact of risks and their likelihood
  2. By establishing a risk budget to make funding risk responses actions easier
  3. By individuals adopting an attitude that leads them to ignore threats to objectives
  4. By involving stakeholders in assessing the likelihood and impact of each risk

Question 18

Which term is defined as the amount and type of risk that the business is willing to take in pursuit of its objectives?

  1. Risk appetite
  2. Opportunity
  3. Risk tolerance
  4. Risk cause

Question 19

In which step of the ‘planning’ technique should a team manager break down the cost of delivering a work package?

  1. Organizing work packages
  2. Defining and analysing the products
  3. Preparing estimates
  4. Preparing a schedule

Question 20

The project manager reviews whether there has been a change in the way team members relate to each other. Which principle is the project manager applying as part of the ‘people’ element?

  1. Manage by exception
  2. Focus on products
  3. Tailor to suit the project
  4. Learn from experience