A project manager is overseeing a construction project. The project board has requested a monthly progress report and also wants to be notified immediately if any stage tolerance is forecast to be exceeded. Which combination of controls is the project manager applying?

Event-driven control for the monthly report and time-driven control for the tolerance breach

Both are event-driven controls because they are responses to project progress

Both are time-driven controls because they are part of the project's reporting schedule

Time-driven control for the monthly report and event-driven control for the tolerance breach

A project manager is managing a software upgrade. The project board has set a tolerance of ±5% on the project's cost. The project manager forecasts that the final cost will exceed the tolerance by 8%. What should the project manager do?

Request a change to the project's cost tolerance from the project board

Continue with the project and report the overrun at the next scheduled highlight report

Adjust the project plan to bring the cost back within tolerance without informing the project board

Escalate the situation to the project board as an exception, presenting options for recovery

In the context of the PRINCE2 progress practice, what is the purpose of a forecast?

To record the actual costs and time spent on the project to date

To document the project's lessons learned for future projects

To predict the project's future performance based on current and past information

To define the project's scope and objectives at the start

A project manager is managing a stage. The stage's cost tolerance is ±10%. The project manager receives a forecast that the stage will exceed its cost tolerance by 15%. What should the project manager do first?

Prepare an exception report for the project board

Inform the project team of the situation

Wait for the next stage assessment to see if the forecast changes

Adjust the stage plan to bring costs back within tolerance

PRINCE2 Foundation (Version 7)

Domain 4Objective 41

4.7.4 Define Key Concepts Related to the ‘progress’ Practice PRINCE2-FOUNDATION-VERSION-7 Practice Questions (Page 4)

Part of the Understand the PRINCE2 practices and how they are applied throughout the project domain, which accounts for 60% of the PRINCE2-FOUNDATION-VERSION-7 exam. PeopleCert does not publish an official question count, but from its 60-minute exam (~25–40 total, ~15–24 in this domain), expect 1–1 from this objective — we provide 19 practice questions to prepare you well beyond it. (estimate)

19questions here

4free pages

4concepts

60%of the exam

Questions 16–19

16application · medium
A project manager is overseeing a construction project. The project board has requested a monthly progress report and also wants to be notified immediately if any stage tolerance is forecast to be exceeded. Which combination of controls is the project manager applying?
Select an answer first
17application · medium
A project manager is managing a software upgrade. The project board has set a tolerance of ±5% on the project's cost. The project manager forecasts that the final cost will exceed the tolerance by 8%. What should the project manager do?
Select an answer first
18foundation · easy
In the context of the PRINCE2 progress practice, what is the purpose of a forecast?
Select an answer first
19application · medium
A project manager is managing a stage. The stage's cost tolerance is ±10%. The project manager receives a forecast that the stage will exceed its cost tolerance by 15%. What should the project manager do first?
Select an answer first

Finished these 4 questions?

Review the revealed explanations, or continue through the curriculum.

No more pagesBack to PRINCE2-FOUNDATION-VERSION-7

Free Basic Practice is a study aid with revealable answers — not a scored exam. Examers.io is independent and not affiliated with or endorsed by PeopleCert. “PRINCE2-FOUNDATION-VERSION-7” is a trademark of its owner, used for identification only.