During a project to implement a new payroll system, the project manager notes that 'the payroll team may not have enough time to test the new software before the go-live date.' In PRINCE2 terms, what is the risk event in this statement?

The new payroll software being complex

The payroll team not having enough time to test

The payroll team being understaffed

A project depends on a single key developer. The risk is that 'the key developer may leave the project.' If the developer leaves, the project will be delayed by two months. What is the 'effect' of this risk?

The project's dependence on a single key developer

The project will be delayed by two months

The project manager must find a replacement developer

The key developer may leave the project

PRINCE2 Foundation (Version 7)

Domain 4Objective 29

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

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 25 practice questions to prepare you well beyond it. (estimate)

25questions here

5free pages

8concepts

60%of the exam

Questions 11–15

11application · medium
During a project to implement a new payroll system, the project manager notes that 'the payroll team may not have enough time to test the new software before the go-live date.' In PRINCE2 terms, what is the risk event in this statement?
Select an answer first
12foundation · easy
A risk is identified that, if it occurs, will increase the project's cost by $100,000. What is the $100,000 figure representing?
Select an answer first
13foundation · easy
A project team assesses a risk and determines there is a 70% chance that a key supplier will be late. What is the 70% figure representing?
Select an answer first
14application · medium
A project team is assessing the risk of a cyber-attack on their new system. Based on industry data, they estimate that the likelihood of such an attack is 30% during the project. What is the 30% estimate called in PRINCE2?
Select an answer first
15foundation · easy
A project depends on a single key developer. The risk is that 'the key developer may leave the project.' If the developer leaves, the project will be delayed by two months. What is the 'effect' of this risk?
Select an answer first

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

Questions 11–15

During a project to implement a new payroll system, the project manager notes that 'the payroll team may not have enough time to test the new software before the go-live date.' In PRINCE2 terms, what is the risk event in this statement?

A risk is identified that, if it occurs, will increase the project's cost by $100,000. What is the $100,000 figure representing?

A project team assesses a risk and determines there is a 70% chance that a key supplier will be late. What is the 70% figure representing?

A project team is assessing the risk of a cyber-attack on their new system. Based on industry data, they estimate that the likelihood of such an attack is 30% during the project. What is the 30% estimate called in PRINCE2?

A project depends on a single key developer. The risk is that 'the key developer may leave the project.' If the developer leaves, the project will be delayed by two months. What is the 'effect' of this risk?

Keep studying — Understand the PRINCE2 practices and how they are applied throughout the project