Prince2-Foundation Exam Dumps - PRINCE2 Certification Questions and Answers

The 'Manage by Stages' principle in PRINCE2 allows the project board to control the project effectively by reviewing its viability at the end of each management stage. This review process provides regular control points where the continuation of the project is assessed based on its performance and continued business justification. References: PRINCE2® 7 Foundation Handbook and official training materials.

The Initiation Stage Plan specifies how the project board should approve management products produced during the 'initiating a project' process. It sets out the plan for the initiation stage, detailing the management and control of this stage, including how deliverables are to be reviewed and approved.References: PRINCE2® 7 Foundation Source: PRINCE2® Foundation handbook and online resources

The purpose of the Risk theme in PRINCE2® is to establish a cost-effective procedure to identify, assess, and control uncertainties or risks. This ensures that the project can cope with risks effectively. The Risk theme supports decision-making by improving the understanding of risks and their likely impact on achieving the project's objectives.References: PRINCE2® 7 Foundation resources and study materials.

The level of management that sets the project level tolerances in PRINCE2® is corporate, programme management, or the customer. These project-level tolerances are defined to set the allowable limits of variation for the project’s objectives, which the Project Manager must work within. This helps ensure that the project remains aligned with strategic goals and customer or corporate standards.References: PRINCE2® 7 Foundation resources and materials.

The purpose of a Project Brief in PRINCE2® is to provide a solid basis for the initiation of the project. The Project Brief includes the outline of the project's objectives, scope, constraints, and assumptions. It is developed during the 'Starting up a Project' process and is used to ensure that a clear, concise, and feasible plan is proposed before the project is formally initiated.References: PRINCE2® 7 Foundation resources and materials.

An organization's unique attitude towards risk-taking is described as its 'Risk appetite'. Risk appetite defines the level and type of risk that an organization is willing to pursue or retain. This concept is critical in guiding how risks are managed across projects, as it influences decision-making and strategy regarding risk exposure.References: PRINCE2® 7 Foundation study guide and official documents.

The Project Brief is created during the Starting up a Project process. It defines and confirms the scope of the project, providing a foundation for the Initiation Stage and ensuring that all project stakeholders have a clear understanding of the project's objectives and scope. References: PRINCE2® Foundation Training Manual; PRINCE2® 2017 Foundation handbook.

The process that links the Team Manager role with the PRINCE2 method in a commercial environment is 'Managing Product Delivery'. This process ensures that the project's products are created and delivered efficiently and effectively, aligning the work of the team with the overall project management approach. References: PRINCE2® 7 Foundation Handbook and official training materials.

To meet the minimum requirements for applying the Change Theme in PRINCE2, it is essential to maintain detailed records of all decisions taken on issues. This documentation supports the governance of changes, ensuring that all changes and their impacts are managed transparently and effectively throughout the project. References: PRINCE2® 7 Foundation Handbook and official training materials.

As part of the 'controlling a stage' process, the actions taken include authorizing work to be done (2) and taking corrective action (3) as necessary to manage the stage effectively and keep the project on track. References: PRINCE2® Foundation Training Manual; PRINCE2® 2017 Foundation handbook.