Pass the PRINCE2 PRINCE2 Certification Prince2-Foundation Questions and answers with CertsForce

In PRINCE2, the requirements for a product should be captured early in the process, specifically when the project team realizes the need for that product. This approach ensures that the project delivers what is actually required and expected. Capturing requirements early helps in detailed planning and allows for effective quality management throughout the product's development and delivery phases.References: (PRINCE2® 7 Foundation Handbook, AXELOS)

A forecast is a prediction made by studying historical data and past patterns. In project management, forecasting involves using data from the project's progress and external benchmarks to predict future project performance, helping in planning and decision-making processes.References: (PRINCE2® 7 Foundation Handbook, AXELOS)

Under the 'exception management technique' in PRINCE2, the roles most likely to identify issues that exceed stage tolerances are the Project Executive and the Project Manager. The Project Manager monitors the project's progress against its plans and will identify any deviations that might breach the set tolerances. The Project Executive, being accountable for the project's overall success, also plays a crucial role in overseeing tolerance thresholds and taking appropriate actions when these are exceeded.References: (PRINCE2® 7 Foundation Handbook, AXELOS)

When the senior user ensures that the outputs will be effectively used to achieve the outcomes and realize the benefits, they are applying the element of "Planning benefit reviews during the project" within effective business case management. This involves scheduling and conducting reviews to assess how the project's outputs are being used and whether the expected benefits are being realized, ensuring alignment with the project's business case.References: (PRINCE2® 7 Foundation Handbook, AXELOS)

When reviewing the progress to assess the 'health' of a stage, the project manager should focus on how issues are being managed. Identifying whether issues are resolved timely or remain unmanaged is crucial for maintaining the health of the project stage and ensuring that risks do not escalate and affect the project's success.References: PRINCE2® 7 Foundation handbook on stage management and issue resolution.

In the PRINCE2 framework, the team manager is the role primarily responsible for the welfare, including the safety and well-being, of the project team. This role involves managing the team environment and ensuring that team members are supported throughout the project's lifecycle.References: PRINCE2® 7 Foundation guide and resources detailing project roles and responsibilities.

An effective project team in PRINCE2 should be diverse, consisting of individuals with a variety of skills, abilities, and viewpoints. This diversity helps to ensure that the team can handle various aspects of the project effectively, bringing different perspectives to problem-solving and decision-making, which enhances the overall capability of the project team.References: (PRINCE2® 7 Foundation Handbook, AXELOS)

The principle of "Ensure continued business justification" in PRINCE2 is designed to ensure that a project remains aligned with the objectives of the investing organization(s) throughout its life. This principle requires that the business case be reviewed continually to confirm that the project remains viable and desirable in light of evolving business circumstances and objectives.References: (PRINCE2® 7 Foundation Handbook, AXELOS)

In the 'risk management' technique within PRINCE2, considering the organization's environment is essential during the 'Identify' step. This phase involves understanding the context in which the project operates, including external and internal factors that could affect the project. This context is crucial for identifying potential risks that could impact the project's objectives.References: PRINCE2® 7 Foundation resources on risk management technique.

According to the 'manage by exception' principle in PRINCE2, when any forecast indicates that tolerances are likely to be exceeded, this issue must be escalated to the project board for decision-making. This principle supports efficient use of management time by only involving them when necessary, such as when predefined thresholds are anticipated to be breached.References: PRINCE2® 7 Foundation handbook and documentation on the 'manage by exception' principle.