4.3.2 Describe the Key Relationships Between the ‘plans’ Practice and the Principles (7.7, Tab 7.2) PRINCE2-FOUNDATION-VERSION-7 Practice Questions (Page 3)

Questions 11–15

1. 11application · medium

   A government agency is planning a project to digitize its records. The lessons log from a previous digitization project notes that the team struggled because the project plan did not include enough detail on data migration. The project manager is now creating the project plan. How should the project manager apply the 'learn from experience' principle?

   • AAsk the project board to approve a larger budget for data migration, as the previous project ran over
   • BAdd a risk to the risk register that data migration may be underestimated
   • CReview the lessons log at the end of the project to see if the lesson was relevant
   • DInclude a detailed data migration plan as a separate document, as the previous plan was too high-level
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2. 12foundation · easy

   Which of the following is the purpose of the plans practice in PRINCE2?

   • ATo identify and manage risks that could affect the project's objectives
   • BTo ensure that the project's quality expectations are defined and met
   • CTo define the project's approach to communication and stakeholder engagement
   • DTo facilitate communication and control by defining the means of delivering the products
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4. 13foundation · easy

   How does the plans practice enable management by exception?

   • ABy setting tolerances for time, cost, scope, risk, and benefits in plans
   • BBy requiring the project manager to report all deviations to the project board
   • CBy creating a plan for each stage of the project
   • DBy ensuring that all decisions are made by the project board
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5. 14application · medium

   A retail company is running a project to open a new distribution center. The business case states that the center will reduce delivery times by 20%. The project plan shows the center will be operational in 12 months. During stage 3, a competitor opens a similar center, and the market analysis shows the expected benefit may be reduced. What should the project manager do to support continued business justification?

   • ARecord the competitor's move in the lessons log and continue with the project
   • BContinue with the project as planned, as the business case was approved at the start
   • CAsk the project board to approve a new project plan with reduced benefits, as the plan is the source of benefits
   • DUpdate the business case to reflect the reduced benefit and re-assess whether the project is still viable
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6. 15expert · hard

   A telecommunications company is running a project to roll out a new 5G network. The project board has set a project-level cost tolerance of ±5% and a stage-level tolerance of ±10% for stage 2. The project manager forecasts that stage 2 will be 8% over its cost tolerance, but the overall project will still be within the project-level tolerance. What should the project manager do?

   • AUse the project-level tolerance to absorb the stage overrun, as the project is still within its overall tolerance
   • BContinue with the stage, as the project-level tolerance is not breached, and report the stage overrun in the stage end report
   • CRevise the stage plan to bring it back within tolerance by reducing the scope of stage 2
   • DEscalate to the project board, as the stage tolerance is forecast to be breached, and propose an exception plan
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