The area of uncertainty in terms of the threat or opportunity
B.
The derivation or sources of a potential risk to the project
C.
The achievement of a milestone on the project plan
D.
The sequence of events and actions that will be put in place if a risk occurs
Answer:
A
Explanation:
Explanation:
A risk event in PRINCE2® is described as the area of uncertainty in terms of the threat or opportunity. It specifically refers to a specific set of circumstances that may occur and impact the project if the risk materializes. This description encapsulates the nature of a risk as being either a potential threat or an opportunity based on uncertain events that might affect project objectives.References: PRINCE2® 7 Foundation handbook and official documents.
Question 121
What should be considered when defining the number of management stages in a project?
Options:
A.
When the team managers are available
B.
When key decisions need to be made
C.
When highlight reports will be submitted
D.
When project support will be available
Answer:
B
Explanation:
Explanation:
When defining the number of management stages in a PRINCE2® project, it is essential to consider when key decisions need to be made by the project board. Stages are often structured around the need for key decision points, enabling the project board to review progress and make informed decisions about whether and how the project should continue. References: PRINCE2® Foundation Handbook, Tailoring PRINCE2 - Stages section.
Question 122
When should the level of tailoring be defined?
Options:
A.
During the initiation stage
B.
When reviewing what has been learned to date
C.
As a response to issues and risks experienced
D.
Before the project is triggered by the project mandate
Answer:
A
Explanation:
Explanation:
The level of tailoring in PRINCE2® should be defined during the initiation stage of the project. This stage involves setting up the proper foundation for the project by adapting the method to suit the project’s environment, including deciding how much and which parts of the methodology to apply. References: PRINCE2® Foundation Handbook, Tailoring PRINCE2 section.
Question 123
Which is a key decision made during the 'directing a project' process?
Options:
A.
Select and appoint the project executive
B.
Approve the project manager role description
C.
Confirm that the benefits management approach addresses all expected benefits
D.
Approve the proposed project mandate
Answer:
C
Explanation:
Explanation:
A key decision made during the 'directing a project' process is to confirm that the benefits management approach addresses all expected benefits. This ensures that the project is aligned with its intended outcomes and that all potential benefits are adequately planned for and tracked. References: PRINCE2® Foundation Training Manual; PRINCE2® 2017 Foundation handbook.