4.1.5 Describe the Guidance for Effective Management of the Business Case, Including: (5.2) PRINCE2-FOUNDATION-VERSION-7 Practice Questions (Page 2)

Questions 6–10

1. 6application · medium

   A project is in the delivery stage. The project manager is reviewing the business case and notices that the costs have increased by 8%, which is within the cost tolerance of 10%. However, the benefits are now expected to be 5% lower than planned, which is within the benefit tolerance of 10%. What should the project manager do?

   • AEscalate to the project board
   • BUpdate the business case to reflect the new costs and benefits
   • CStop the project because of the cost increase
   • DContinue with the project and monitor the deviations
   Reveal Solution Discussion Select an answer first
2. 7foundation · easy

   According to PRINCE2, when is the business case formally evaluated to confirm whether the expected benefits have been achieved?

   • ADuring the Starting Up a Project process, when the outline business case is created
   • BAt the end of each management stage, as part of the stage boundary review
   • CDuring the Closing a Project process, as part of the final evaluation
   • DDuring the Initiating a Project process, when the project plan is approved
   Reveal Solution Discussion Select an answer first
4. 8foundation · easy

   Which of the following is a key element of the business justification in PRINCE2?

   • AThe list of all project products and their quality criteria
   • BThe project's detailed schedule and resource allocation
   • CThe names of all project team members and their roles
   • DThe reasons for the project, the expected benefits, and the costs and risks
   Reveal Solution Discussion Select an answer first
5. 9application · medium

   A project manager is preparing the initiation stage for a new software platform. The executive board wants to see the business justification before committing further funds. The project manager has gathered cost estimates and a benefits forecast. What is the FIRST thing the project manager should do with this information?

   • AUpdate the business case with actual costs after the project starts
   • BCreate the business case and present it to the board for approval
   • CDevelop the project plan and then create the business case
   • DArchive the cost estimates and benefits forecast for the final evaluation
   Reveal Solution Discussion Select an answer first
6. 10application · medium

   A project is in the delivery stage. The project manager receives a request to add a new feature. The feature will increase costs by 3%, which is within the cost tolerance. However, it will delay the project by two weeks, which exceeds the time tolerance. What should the project manager do?

   • AEscalate the change to the project board
   • BApprove the change because costs are within tolerance
   • CReject the change because of the time delay
   • DImplement the change and update the project plan
   Reveal Solution Discussion Select an answer first