4.5.2 Describe the Key Relationships Between the ‘risk’ Practice and the Principles (9.7, Tab 9.4) PRINCE2-FOUNDATION-VERSION-7 Practice Questions (Page 1)

Questions 1–5

1. 1foundation · easy

   How does the risk practice align with the focus on products principle?

   • ABy focusing only on risks to the project schedule.
   • BBy considering risks to the project's products and their quality.
   • CBy ignoring product quality risks.
   • DBy focusing only on risks to the business case.
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2. 2foundation · easy

   Which principle is directly supported by the risk practice when it identifies and manages risks to the business case?

   • ATailor to suit the project environment
   • BContinued business justification
   • CManage by stages
   • DFocus on products
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4. 3application · hard

   In a project, the project manager is the risk owner for a threat to the project's timeline. The project board sets a tolerance for schedule delays. The project manager monitors the risk and, when the delay exceeds the tolerance, escalates to the board. The business case owner is also informed because the delay could affect the project's benefits. Which principle is NOT directly demonstrated?

   • ALearn from experience
   • BDefined roles and responsibilities
   • CManage by exception
   • DContinued business justification
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5. 4expert · hard

   A project's business case depends on a new regulation being passed by a specific date. The project manager identifies this as a risk and assigns the corporate government function as the risk owner. The project board sets a tolerance that the project can proceed as long as the regulation is passed within 3 months of the planned date. The project manager monitors this risk and only escalates if the delay exceeds the 3-month tolerance. Which two principles are most directly demonstrated by this approach?

   • ATailor to suit the project environment and manage by stages
   • BContinued business justification and manage by exception
   • CDefined roles and responsibilities and focus on products
   • DManage by stages and learn from experience
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6. 5foundation · easy

   How is the risk practice tailored to suit the project environment?

   • ABy applying the risk practice only to large projects.
   • BBy adjusting the risk management approach based on the project's size, complexity, and environment.
   • CBy using the same risk process for every project regardless of size.
   • DBy eliminating the risk practice for small projects.
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