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 2)

Questions 6–10

1. 6application · medium

   The project board sets a risk tolerance for the project: the aggregate cost of all threats must not exceed 10% of the project budget. The project manager monitors the risk register and reports to the board only when the aggregate threat value approaches this 10% threshold. This is an example of which principle in action?

   • ALearn from experience
   • BContinued business justification
   • CDefined roles and responsibilities
   • DManage by exception
   Reveal Solution Discussion Select an answer first
2. 7expert · hard

   A project manager is establishing the risk management approach. The project board wants to be informed only of risks that exceed a certain financial impact threshold. The project manager assigns the role of risk owner to the team member best able to respond to each risk, and the role of risk reviewer to the project assurance function. The project manager also ensures that the business case owner is informed of any risk that could affect the business case's viability. Which principle is NOT directly supported by this arrangement?

   • AManage by exception
   • BDefined roles and responsibilities
   • CFocus on products
   • DContinued business justification
   Reveal Solution Discussion Select an answer first
4. 8foundation · easy

   How does the risk practice align with the defined roles and responsibilities principle?

   • ABy assigning risk roles only to external suppliers.
   • BBy keeping risk roles undefined until risks occur.
   • CBy allowing the project manager to manage all risks alone.
   • DBy assigning clear roles and responsibilities for risk management.
   Reveal Solution Discussion Select an answer first
5. 9foundation · easy

   How does the risk practice support the manage by exception principle?

   • ABy ignoring risks that are within tolerance.
   • BBy using risk tolerances to trigger escalation when thresholds are exceeded.
   • CBy eliminating all risks so no escalation is needed.
   • DBy requiring all risks to be escalated to the project board immediately.
   Reveal Solution Discussion Select an answer first
6. 10foundation · easy

   Which principle is supported when risks are reviewed at each management stage?

   • ALearn from experience
   • BFocus on products
   • CTailor to suit the project environment
   • DManage by stages
   Reveal Solution Discussion Select an answer first