4.7.4 Define Key Concepts Related to the ‘progress’ Practice PRINCE2-FOUNDATION-VERSION-7 Practice Questions (Page 1)

Questions 1–5

1. 1application · medium

   A project manager is managing a construction project. The project board has set a tolerance of ±10% on the project's timeline. The project manager forecasts that the project will finish 12% later than planned. What should the project manager do?

   • AEscalate the delay to the project board as an exception
   • BContinue with the project and report the delay in the next highlight report
   • CRevise the project plan to eliminate the delay
   • DRequest a change to the project's timeline tolerance
   Reveal Solution Discussion Select an answer first
2. 2application · medium

   During a project, the project manager receives a forecast that the project's timeline will exceed the stage tolerance by two weeks. The project board has not yet been informed. What is the first action the project manager should take?

   • AIssue an exception report to the project board
   • BInform the project assurance of the situation
   • CAdjust the project plan to bring the timeline back within tolerance
   • DWait for the next stage assessment to see if the situation improves
   Reveal Solution Discussion Select an answer first
4. 3foundation · easy

   In PRINCE2, what is an exception?

   • AA deviation from the project plan that is within the agreed tolerance levels
   • BA situation where the project manager must escalate a forecast that exceeds agreed tolerances
   • CA risk that has been identified and assessed as having a high probability
   • DA change request that is approved by the project board
   Reveal Solution Discussion Select an answer first
5. 4foundation · easy

   What is the purpose of tolerance in PRINCE2?

   • ATo allow deviations from a plan without requiring immediate escalation
   • BTo ensure that all changes are approved by the project board
   • CTo define the exact scope of the project
   • DTo set the project's quality standards
   Reveal Solution Discussion Select an answer first
6. 5foundation · easy

   In PRINCE2, which statement about tolerance levels is true?

   • ATolerance is delegated from the corporate level to the project board and from the project board to the project manager
   • BTolerance is the same for all projects
   • CTolerance is only applied to time and cost
   • DTolerance is set at the project level and cannot be delegated
   Reveal Solution Discussion Select an answer first