4.7.4 Define Key Concepts Related to the ‘progress’ Practice PRINCE2-FOUNDATION-VERSION-7 Practice Questions (Page 3)

Questions 11–15

1. 11application · medium

   A project manager is reviewing the progress of a marketing campaign. The team has completed 60% of the work but has consumed 80% of the budget. The project manager needs to inform the project board about the likely final cost. What should the project manager provide?

   • AA highlight report showing the current budget status
   • BA revised project plan with new cost estimates
   • CA forecast of the final project cost based on current performance trends
   • DAn exception report detailing the budget overrun
   Reveal Solution Discussion Select an answer first
2. 12application · medium

   A project board has delegated authority to a project manager to manage a stage within a cost tolerance of ±10%. The project manager forecasts that the stage cost will be 12% over budget. What is the project manager's responsibility?

   • AEscalate the forecast breach to the project board as an exception
   • BRevise the stage plan to bring costs back within tolerance
   • CUse the project's contingency budget to cover the overrun
   • DContinue the stage and report the overrun in the next highlight report
   Reveal Solution Discussion Select an answer first
4. 13expert · medium

   A project manager is managing a stage with a cost tolerance of ±5%. The project manager receives a forecast that the stage will exceed its cost tolerance by 8%. The project board is on leave for two weeks. What should the project manager do?

   • AEscalate the exception to the project board immediately, even though they are on leave
   • BInform the project assurance and ask them to decide on the exception
   • CWait until the project board returns from leave to escalate the exception
   • DAdjust the stage plan to bring costs back within tolerance without informing the board
   Reveal Solution Discussion Select an answer first
5. 14expert · medium

   A project manager is managing a project with a cost tolerance of ±5% at the project level. The project board has delegated a stage tolerance of ±10% to the project manager. The project manager forecasts that the stage will exceed its stage tolerance by 12%, but the project-level tolerance will still be met. What should the project manager do?

   • AAdjust the stage plan to bring costs back within the stage tolerance
   • BIgnore the stage tolerance breach because the project-level tolerance will be met
   • CContinue with the stage and report the overrun in the next highlight report
   • DEscalate the stage forecast breach to the project board as an exception
   Reveal Solution Discussion Select an answer first
6. 15application · medium

   A project board has set a tolerance of ±5% on the project's cost. The project manager forecasts that the cost will be 4% over budget. What should the project manager do?

   • ARevise the project plan to reduce costs
   • BContinue with the project and report the cost status in the next highlight report
   • CRequest a change to the project's cost tolerance
   • DEscalate the cost overrun to the project board as an exception
   Reveal Solution Discussion Select an answer first