Prince2-Foundation Exam Dumps - PRINCE2 Certification Questions and Answers

In PRINCE2®, customer's quality expectations (CQEs) are a high-level statement of what the customer expects from the project and are often expressed in broad terms. They are not necessarily measurable on their own but provide a sense of general quality requirements. In contrast, acceptance criteria are specific and precise; they form the list of conditions that a project product must meet to be accepted by key stakeholders. Therefore, statement 1 is false, and statement 2 correctly describes the customer's quality expectations.References: PRINCE2® 7 Foundation handbook and official documents.

A Project Manager agrees on the Work Package cost tolerances with a Team Manager. This agreement defines the acceptable cost variance within which the Team Manager can operate without needing further approval. References: PRINCE2® Foundation official study materials.

In the context of PRINCE2, the integrated elements include the principles, themes, processes, and tailoring PRINCE2 to the project environment. 'The products' are not listed as one of these integrated elements. Instead, they are outputs or deliverables that result from applying the PRINCE2 methodology to project management. References: PRINCE2 Foundation manual, PRINCE2 official resources

In PRINCE2, a risk is defined as any uncertain event or set of events that, if it occurs, will have an impact on the achievement of project objectives. This definition emphasizes the uncertainty and potential effect on objectives, rather than the certainty or immediate occurrence of an event. References: PRINCE2® Foundation Training Manual; PRINCE2® 2017 Foundation handbook.

A key difference between management and technical stages in PRINCE2® is that technical stages can overlap whereas management stages cannot. Technical stages refer to the actual work being done, which can sometimes proceed in parallel, while management stages are concerned with the control and decision points that must be sequential to ensure proper governance. References: PRINCE2® Foundation official documentation and study materials.

Verification and audit is a typical core activity within configuration management according to PRINCE2. This activity involves checking that products meet their requirements and are appropriately approved, and ensuring that all items are correctly accounted for, controlled, and both physically and logically consistent throughout the project lifecycle. References: PRINCE2 Foundation Training Manual, PRINCE2 official website

The PRINCE2 principle supported by the setting of tolerances for the three levels of plan (Project, Stage, and Team Plans) is "Manage by exception." This principle allows management to set predefined tolerances for project objectives, and only escalate issues to higher management if these tolerances are exceeded, thereby facilitating efficient use of management time and focus. References: PRINCE2 Foundation manual, PRINCE2 official resources

Both statements about the Project Initiation Documentation (PID) are correct. The PID is essential for establishing a solid foundation for the project, ensuring that all stakeholders agree on the project's objectives and how it will be managed before the Project Board authorizes it. Additionally, the PID should be updated at the end of each stage to reflect the current status of the project, ensuring that it continues to meet the project's requirements and objectives. References: PRINCE2® Foundation official documentation and study materials.

The risk response type "Transfer" is applicable to both threats and opportunities. This response involves transferring the ownership of the risk to a third party who is better able to manage the risk, thus applying to both positive and negative risks. References: PRINCE2® Foundation Training Manual; PRINCE2® 2017 Foundation handbook.

PRINCE2® recommends three levels of planning (Project Plan, Stage Plan, Team Plan) to reflect the needs of different levels of management involved in a project. Each plan serves a specific management purpose and addresses the needs of different management levels within the project. References: PRINCE2® Foundation official documentation and study materials.