PRINCE2 Certification Prince2-Foundation Updated Exam

Before initiating a project, the Executive in PRINCE2 needs to ensure there is a clear understanding of how the project will contribute to the corporate objectives. This alignment is crucial for justifying the project's existence and ensuring it has a clear business purpose and expected benefits that support the organization's strategic goals. References: PRINCE2 Foundation manual, PRINCE2 official resources

Quality is the aspect of project performance that must be managed to ensure the project's products are fit for purpose. PRINCE2® emphasizes that quality management is essential to ensure that the project outputs meet the necessary requirements and standards to achieve the desired outcomes. References: PRINCE2® Foundation official documentation and study materials.

These responses are based on the latest materials and guidelines from the PRINCE2® Foundation, ensuring accurate and up-to-date answers as per your request.

Both statements about stakeholders are true in the context of PRINCE2®. A stakeholder in a project includes anyone who thinks they will be affected by the project, which can include both supporters and those who may oppose the project. Additionally, stakeholders can be both internal and external to the organization that is undertaking the project. References: PRINCE2® Foundation official documentation and study materials.

A risk budget is a specific amount of money set aside within the project budget to address potential threats and opportunities. This allocation is used to fund the specific management responses required to mitigate identified risks. References: PRINCE2® Foundation Training Manual; PRINCE2® 2017 Foundation handbook.