A project manager is reviewing the project's progress. The project is currently within cost and time tolerances, but the project manager notices a trend that suggests the project will exceed the cost tolerance in two months. What should the project manager do?

Escalate the forecast to the project board now

Wait until the cost tolerance is actually exceeded before escalating

Adjust the project plan to reduce costs without escalation

Ignore the trend because the project is currently within tolerance

What is the primary purpose of a lessons report in PRINCE2?

To document what went well and what could be improved

To request a change to the project scope

To report progress against the stage plan

To escalate an exception to the project board

A project manager needs to monitor progress of a construction project. The project board wants to be informed of progress at regular intervals, but also wants to be notified immediately if a major risk materializes. Which combination of control types should the project manager use?

Event-driven controls only, with no time-driven controls

Time-driven controls for regular reporting and event-driven controls for risk triggers

Time-driven controls only, with no event-driven controls

Event-driven controls for regular reporting and time-driven controls for risk triggers

A project manager wants to ensure that progress reports are based on accurate and up-to-date data. What is the most effective way to achieve this?

Use a project management information system to collect and analyze data

Rely on team members to provide verbal updates

Use historical data from similar projects

Wait until the end of the project to collect data

What is a key benefit of using data and management systems in progress management?

Improved accuracy and timeliness of progress information

Reduced need for project management roles

PRINCE2 Foundation (Version 7)

Domain 4Objective 42

4.7.5 Describe the Guidance for Effective Management of Progress 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 25 practice questions to prepare you well beyond it. (estimate)

25questions here

5free pages

7concepts

60%of the exam

Questions 16–20

16expert · hard
A project manager is reviewing the project's progress. The project is currently within cost and time tolerances, but the project manager notices a trend that suggests the project will exceed the cost tolerance in two months. What should the project manager do?
Select an answer first
17foundation · easy
What is the primary purpose of a lessons report in PRINCE2?
Select an answer first
18application · medium
A project manager needs to monitor progress of a construction project. The project board wants to be informed of progress at regular intervals, but also wants to be notified immediately if a major risk materializes. Which combination of control types should the project manager use?
Select an answer first
19application · medium
A project manager wants to ensure that progress reports are based on accurate and up-to-date data. What is the most effective way to achieve this?
Select an answer first
20foundation · easy
What is a key benefit of using data and management systems in progress management?
Select an answer first

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