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 4)

Questions 16–20

1. 16expert · hard

   A project is developing a new medical device. The risk register includes a risk that the device may not pass regulatory approval due to a specific safety feature. The project manager ensures that the safety feature's acceptance criteria are defined in the product description and schedules a risk review at the start of the next stage to re-assess this risk. This approach combines which two principles?

   • ALearn from experience and tailor to suit the project environment
   • BManage by exception and continued business justification
   • CDefined roles and responsibilities and manage by exception
   • DFocus on products and manage by stages
   Reveal Solution Discussion Select an answer first
2. 17foundation · easy

   Which statement correctly describes the relationship between the risk practice and the PRINCE2 principles?

   • AThe risk practice is independent of the principles and can be applied without considering them.
   • BThe risk practice must align with the seven PRINCE2 principles, as the principles guide how the practice is applied.
   • CThe risk practice only aligns with the continued business justification principle.
   • DThe risk practice replaces the principles when managing risks in a project.
   Reveal Solution Discussion Select an answer first
4. 18foundation · easy

   How does the risk practice support the continued business justification principle?

   • ABy removing all risks from the business case.
   • BBy ensuring the project has a detailed business case at the start.
   • CBy focusing only on opportunities that could improve the business case.
   • DBy ensuring that risks to the business case are identified and managed.
   Reveal Solution Discussion Select an answer first
5. 19expert · hard

   At the end of stage 2, a project team documents a lesson that a specific type of vendor risk was not identified early enough, causing rework. In stage 3, the project manager introduces a new early-warning checklist for vendor risks and schedules a risk review two weeks into the stage. This action combines which two principles?

   • AManage by exception and focus on products
   • BLearn from experience and manage by stages
   • CContinued business justification and defined roles
   • DTailor to suit the project environment and manage by exception
   Reveal Solution Discussion Select an answer first
6. 20foundation · easy

   Which principle is supported when the risk practice uses lessons learned to improve risk management?

   • ALearn from experience
   • BManage by exception
   • CFocus on products
   • DDefined roles and responsibilities
   Reveal Solution Discussion Select an answer first