PRINCE2 Pre-course - Pages 0 To 12

15 Questions | By Msnau | Last updated: Mar 21, 2022 | Total Attempts: 53

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PRINCE2 Pre-Course - pages 0 to 12

Questions and Answers

1.

What is a Project? A project has how many characteristics?
- A.
  
  4
- B.
  
  5
- C.
  
  6
- D.
  
  7
2.

A Project:
- A.
  
  Has an end-date
- B.
  
  Goes on forever
- C.
  
  Produces something
- D.
  
  Produces nothing
- E.
  
  Things need to be done to create that something
- F.
  
  Needs managing
- G.
  
  Needs resources
- H.
  
  Is unique
3.

PRINCE2 defines a project in the following terms: "A Project is a plan that is created for the purpose of delivering many customer benefits according to the Project manager."
- A.
  
  True
- B.
  
  False
4.

PRINCE2® defines a project in the following terms: "A Project is a temporary organization that is created for the purpose of delivering one or more business products according to an agreed business case."
- A.
  
  True
- B.
  
  False
5.

PRINCE2® Definition of a Project A project has the following characteristics:
- A.
  
  Introduces Change
- B.
  
  Always takes a long time
- C.
  
  Temporary
- D.
  
  Risk-free
- E.
  
  Uncertainty
- F.
  
  Cross-Functional
- G.
  
  Unique
- H.
  
  Repetitive
6.

PRINCE2® defines a project around 3 pillars:
- A.
  
  Permanent
- B.
  
  Long-Term
- C.
  
  Temporary
- D.
  
  Business Products
- E.
  
  Business Case
- F.
  
  Large Budget
7.

1st pillar: Temporary – A structure designed specifically to achieve the objectives defined, which, once completed, _____ (?);
- A.
  
  Celebrates
- B.
  
  Disbands
- C.
  
  Continues
8.

2nd pillar: Business Products – Split into two categories :
- A.
  
  Management Products - products used to manage the project, eg. Project Plan
- B.
  
  Specialist Products - outputs specific to each project.
- C.
  
  Business Products - outputs specific to each organization.
9.

3rd pillar: Business Case – (define)
- A.
  
  Justification for the project based on the costs of development and operation to achieve specific measurable benefits against the risks.
- B.
  
  Justification for the project based on efforts to achieve as many measurable benefits as possible.
- C.
  
  Justification for the project based on the business plan.
10.

All projects introduce some level of ____(?) to an organization by introducing something new, changing existing services or retiring services.
- A.
  
  Costs
- B.
  
  Change
- C.
  
  Benefits
11.

The introduction of change brings uncertainty, which PRINCE2 defines as ___(?). ___(?) needs to be managed to ensure the successful delivery of a project.
- A.
  
  Costs
- B.
  
  Change
- C.
  
  Risk
12.

PRINCE2 defines the cross-functional nature of projects as:
- A.
  
  Projects will involve different functions within an organization from financing to the delivery only.
- B.
  
  Projects will involve different functions within an organization from the financing to the delivery. Some projects will also involve 3rd party suppliers to delivery specific specialist products.
- C.
  
  Projects will involve 3rd party suppliers to deliver specific specialist products only.
13.

Every project is unique, as no project is the same as another. Many projects deliver similar specialist products, but individual projects will have their own structure of people, issues and risks specific to that delivery.
- A.
  
  True
- B.
  
  False
14.

There are many drivers that instigate the change that a project will manage. These include, but are not limited to:
- A.
  
  Political demands
- B.
  
  Technological advances
- C.
  
  New or changed legislation
- D.
  
  Research
- E.
  
  Mergers and acquisitions
- F.
  
  Industry regulators
- G.
  
  Social pressures
- H.
  
  Business opportunity or threat
- I.
  
  Competitors' activities
15.

Project Management is the ability to manage the implementation of specific objectives around the following:
- A.
  
  Scope - The boundaries of the projects activities
- B.
  
  Size - The size of the benefits
- C.
  
  Time - Timeframe for the project
- D.
  
  Cost - Budgets including Risk and Change
- E.
  
  Quality - The fitness for purpose of project products
- F.
  
  Quantity - The number of deliverables
- G.
  
  Risk - Things we know we don‟t know and things we don‟t know we don‟t know. Uncertainties, in other words.
- H.
  
  Benefit - Business improvements from having implemented the projects outputs.
- I.
  
  Customer Products - the number of new products produced.