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 3)

Questions 11–15

1. 11foundation · easy

   Which principle is supported when the risk practice is simplified for a small, low-risk project?

   • ATailor to suit the project environment
   • BFocus on products
   • CManage by stages
   • DContinued business justification
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2. 12foundation · easy

   What is the purpose of the risk practice in PRINCE2?

   • ATo assign roles and responsibilities to the project team.
   • BTo manage the project's budget and schedule.
   • CTo define the project's products and their quality criteria.
   • DTo identify, assess, and control uncertainties that could affect the project's objectives.
   Reveal Solution Discussion Select an answer first
4. 13foundation · easy

   How does the risk practice incorporate lessons learned?

   • ABy ignoring past experiences and focusing only on current risks.
   • BBy documenting lessons only at the end of the project.
   • CBy ensuring that all risks are avoided based on past lessons.
   • DBy using lessons from previous projects to improve risk management.
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5. 14foundation · easy

   What is the role of risk tolerances in the risk practice?

   • ATo ensure all risks are escalated to the project board.
   • BTo define the acceptable level of risk exposure for the project.
   • CTo eliminate all risks from the project.
   • DTo assign risk owners to each risk.
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6. 15foundation · easy

   Which principle is supported when the risk practice assigns a risk owner to each risk?

   • ADefined roles and responsibilities
   • BTailor to suit the project environment
   • CContinued business justification
   • DManage by stages
   Reveal Solution Discussion Select an answer first