Prince2-Foundation Exam Dumps - PRINCE2 Certification Questions and Answers

The Communication Management Approach in PRINCE2® defines how information should be sent to interested parties and how often this information should be communicated. It includes details on the methods and frequency of communication necessary to engage stakeholders effectively and ensure that everyone who needs to be informed about the project has the right information at the right time.References: PRINCE2® Foundation Manual

The Benefits Management Approach in PRINCE2® defines the specific actions that will be taken to ensure the project's outcomes are achieved. This approach includes plans for realizing benefits both during and after the project's lifecycle, ensuring that the project delivers the expected value to its stakeholders.References: = PRINCE2® 7 Foundation handbook and online resources

The Benefits Management Approach in PRINCE2® is designed to outline how and when the improvements (benefits) delivered by the project will be measured and to define the reason for delivering these improvements. This approach ensures that there is a clear understanding of the project’s intended outcomes and how these will contribute to the organization's objectives, thereby justifying the project’s existence and ongoing investment.References: PRINCE2® Foundation Manual

One of the advantages of dividing the project into stages, as advocated by PRINCE2®, is that detailed plans can be prepared closer to the time events will take place. This allows planning to be based on more accurate, up-to-date information, improving the relevance and accuracy of the plans. This approach also allows for better response to changes and risks, as planning for later stages can adjust based on the outcomes and learnings from earlier stages.References: PRINCE2® Foundation Manual

Effective communication within a project in PRINCE2® focuses on ensuring that messages are clear, consistent, and reach the right stakeholders at the right time. This involves targeting key influencers who can aid in further disseminating information throughout the project, thereby enhancing communication efficiency and effectiveness.References: = PRINCE2® 7 Foundation Training Manual and official PRINCE2® website documentation

The principle of 'Learn from experience' in PRINCE2® mandates that project teams should continuously use previous lessons to improve the outcomes of current and future projects. By reviewing end project reports from similar past projects to understand and correct underestimations, the project manager is directly applying this principle to refine and optimize project planning and execution.References: = PRINCE2® 7 Foundation Training Manual and official PRINCE2® website documentation

According to PRINCE2®, a project should have tolerances defined for each project objective. Tolerances specify the permissible deviations in scope, time, cost, quality, risk, and benefits that are allowed before the deviation needs to be escalated to a higher authority. This is fundamental for the 'manage by exception' principle, allowing efficient use of time and resources by project management levels.References: PRINCE2® Foundation Manual

During the 'Initiating a Project' process in PRINCE2®, the project is considered from the perspective of the project board. This process ensures that the project board has all the necessary information to commit to the project, understanding its scope, timescales, costs, risks, and overall approach before granting formal approval to proceed.References: PRINCE2® Foundation Manual

The purpose of the Communication Management Approach is to define how the project team will engage with and manage communications with stakeholders throughout the project. This includes planning the means and frequency of communication to ensure all stakeholders are appropriately informed and can provide necessary feedback on project progress and issues. References: PRINCE2 Foundation Guide, "Communication Management Approach" section

In PRINCE2®, the management of ongoing changes to the project ecosystem involves adapting the project's approach and scope based on real-time information and challenges that arise during the lifecycle of the project. This step is critical when new tasks or changes in tasks are identified, as outlined by the project manager. This ensures that the project remains aligned with its intended outcomes and can adapt to internal and external influences effectively.References: = PRINCE2® 7 Foundation Training Manual and official PRINCE2® website documentation