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

Viewing page 6 out of 8 pages
Viewing questions 51-60 out of questions
Questions # 51:

Scenario

A photographer from Portraits Ltd, a professional photographic company, has taken on the role of Team Manager after taking some time to understand the requirements of the project. A contract for their services has been set up and is being monitored by the Purchasing Manager and a Work Package has been agreed. This contract specifies that the photographer must arrange a meeting with the Engineering Manager to establish a schedule for the photo sessions to minimize the impact on the Engineering staff. This meeting should have occurred by now.

The Engineering Manager was made aware of this requirement but when asked he reported that he has received no communication from the photographer. The Project Manager has tried to call the photographer and has had no response. The Project Manager believes there is a risk that Portraits Ltd are overbooking work and prioritizing other clients' work. If Portraits ltd do not deliver on schedule the project will be delayed and the expected benefits will be reduced.

The contract is to be reviewed and Portraits Ltd reminded of their agreement.

The project is now in stage 2. The Project Manager has heard about the possibility of a competitor also producing a calendar to be delivered earlier than the target date for this project. There is a threat that the early release of a competitor's calendar may weaken the impact of the MNO Manufacturing Company calendar, thereby reducing the anticipated benefits of the Calendar project.

Column 1 contains a number of risk responses identified by the Project Manager following an assessment of this risk. Column 2 contains a list of threat response types. For each risk response in Column 1, select from Column 2 the type of response it represents. Each option from Column 2 can be used once, more than once or not at all.

Column 1 contains a number of possible risk responses to the above risk. For each risk response, select from Column 2 the appropriate risk threat response type that it represents. Each selection from Column 2 can be used once, more than once or not at all.

Question # 51


Expert Solution
Questions # 52:

Scenario

A photographer from Portraits Ltd, a professional photographic company, has taken on the role of Team Manager after taking some time to understand the requirements of the project. A contract for their services has been set up and is being monitored by the Purchasing Manager and a Work Package has been agreed. This contract specifies that the photographer must arrange a meeting with the Engineering Manager to establish a schedule for the photo sessions to minimize the impact on the Engineering staff. This meeting should have occurred by now.

The Engineering Manager was made aware of this requirement but when asked he reported that he has received no communication from the photographer. The Project Manager has tried to call the photographer and has had no response. The Project Manager believes there is a risk that Portraits Ltd are overbooking work and prioritizing other clients' work. If Portraits ltd do not deliver on schedule the project will be delayed and the expected benefits will be reduced.

The contract is to be reviewed and Portraits Ltd reminded of their agreement.

The project is now in stage 2. The Project Manager has heard about the possibility of a competitor also producing a calendar to be delivered earlier than the target date for this project. There is a threat that the early release of a competitor's calendar may weaken the impact of the MNO Manufacturing Company calendar, thereby reducing the anticipated benefits of the Calendar project.

Which 2 statements should be recorded under the Risk tolerance heading?

Options:

A.

Corporate management's threshold level of risk exposure is any combination of high and very high impact and probability.


B.

The Project Board's threshold level of risk exposure is any combination of medium, high and very high impact, with high and very high probability.


C.

The Project Manager's threshold level of risk exposure is low impact and probability.


D.

The cost of all fallback plans must be contained within the project's tolerance.


E.

The risk budget will have a tolerance of +/~ 10%.


Expert Solution
Questions # 53:

Scenario

A photographer from Portraits Ltd, a professional photographic company, has taken on the role of Team Manager after taking some time to understand the requirements of the project. A contract for their services has been set up and is being monitored by the Purchasing Manager and a Work Package has been agreed. This contract specifies that the photographer must arrange a meeting with the Engineering Manager to establish a schedule for the photo sessions to minimize the impact on the Engineering staff. This meeting should have occurred by now.

The Engineering Manager was made aware of this requirement but when asked he reported that he has received no communication from the photographer. The Project Manager has tried to call the photographer and has had no response. The Project Manager believes there is a risk that Portraits Ltd are overbooking work and prioritizing other clients' work. If Portraits ltd do not deliver on schedule the project will be delayed and the expected benefits will be reduced.

The contract is to be reviewed and Portraits Ltd reminded of their agreement.

The project is now in stage 2. The Project Manager has heard about the possibility of a competitor also producing a calendar to be delivered earlier than the target date for this project. There is a threat that the early release of a competitor's calendar may weaken the impact of the MNO Manufacturing Company calendar, thereby reducing the anticipated benefits of the Calendar project.

Which 2 statements should be recorded under the Risk management procedure heading?

Options:

A.

When a new problem arises, a full impact analysis will be undertaken to assess the impact on the project' objectives and Business Case.


B.

Probability will be assessed against the scales defined in this Risk Management Strategy.


C.

Any risk which has an expected value of more than £1 k will NOT be registered.


D.

Every threat and opportunity identified must be clearly defined in terms of cause, event and effect.


E.

'Reduce' Response actions which result in a lower impact and/or probability rating.


Expert Solution
Questions # 54:

What is the purpose of a Product Status Account?

Options:

A.

A set of records that describe information about the project


B.

A log used to record problems or concerns about products


C.

An audit or review to compare actual status of products


D.

A report covering the status about the state of the projects products within


Expert Solution
Questions # 55:

Which of the following is the definition for an off-specification?

Options:

A.

An issue the Project Manager needs to resolve or escalate


B.

Something forecast or currently not meeting specification


C.

A proposal for a change to a baseline


D.

A statement of concern


Expert Solution
Questions # 56:

When examining a project issue, which three aspects should be considered?

1. Performance targets

2. Business Case

3. Resources

4. Risk

Options:

A.

1, 3, 4


B.

2, 3, 4


C.

1, 2, 4


D.

1, 2, 3


Expert Solution
Questions # 57:

Scenario:

The Ministry of Food Hygiene (MFH) has a quality management system which contains a document control process to manage all documentation requirements. The document control process was created by the MFH Quality Manager, who now maintains all of MFH's documents and performs an organization-wide configuration management role. The MFH Quality Manager will administer the configuration management procedure for the Restructuring project since this must comply with the MFH document control process.

According to PRINCE2, which statement about the Configuration Management Strategy for the Outsourcing project is correct?

Options:

A.

Every project needs a Configuration Management Strategy, even if the organization has existing configuration management standards, because every project has different circumstances.


B.

A separate Configuration Management Strategy will be required for each of the suppliers within this project because each will have a different way of managing and storing products.


C.

A Configuration Management Strategy is unnecessary for this project because the MFH document control process is documented. It is acceptable simply to reference this in the Quality Management Strategy.


Expert Solution
Questions # 58:

Scenario:

The Ministry of Food Hygiene (MFH) has a quality management system which contains a document control process to manage all documentation requirements. The document control process was created by the MFH Quality Manager, who now maintains all of MFH's documents and performs an organization-wide configuration management role. The MFH Quality Manager will administer the configuration management procedure for the Restructuring project since this must comply with the MFH document control process.

According to PRINCE2, which statement about appointing the MFH Quality Manager to administer the configuration management procedure is correct?

Options:

A.

The MFH Quality Manager should administer the configuration management procedure on this project because this task should always be assigned to corporate or programme management.


B.

The MFH Quality Manager should only administer the configuration management procedure on one project at a time. If the MFH Quality Manager already performs this task on another project, another individual should be appointed.


C.

The MFH Quality Manager would be suitable to perform this task because he is the author of the document control process and is likely to have the knowledge required for this role.


Expert Solution
Questions # 59:

Scenario:

The Ministry of Food Hygiene (MFH) has a quality management system which contains a document control process to manage all documentation requirements. The document control process was created by the MFH Quality Manager, who now maintains all of MFH's documents and performs an organization-wide configuration management role. The MFH Quality Manager will administer the configuration management procedure for the Restructuring project since this must comply with the MFH document control process.

What additional risk will this place on the project?

Options:

A.

None because risks associated with the centralization and rationalization of the Facilities Division will be managed by another project.


B.

These changes will delay stage 3 by three weeks.


C.

There is only £70k left in the project change budget.


D.

The reduced value of the contracted services required by the Outsourcing project may result in an insufficient number of proposals being received.


Expert Solution
Questions # 60:

Scenario:

The Ministry of Food Hygiene (MFH) has a quality management system which contains a document control process to manage all documentation requirements. The document control process was created by the MFH Quality Manager, who now maintains all of MFH's documents and performs an organization-wide configuration management role. The MFH Quality Manager will administer the configuration management procedure for the Restructuring project since this must comply with the MFH document control process.

What will be the impact on the benefits?

Options:

A.

Reduced savings, now £10m over 10 years.


B.

Increased savings of £5m over 10 years from the new initiative to centralize the services provided by the Facilities Division.


C.

An additional cost of £1.5m to deliver the services provided by the Facilities Division.


D.

Outsourcing project cost reduced by 50%.


Expert Solution
Viewing page 6 out of 8 pages
Viewing questions 51-60 out of questions