4.3.6 Describe the PRINCE2 Technique for the ‘plans’ Practice (7.3.1) PRINCE2-FOUNDATION-VERSION-7 Practice Questions (Page 4)

Questions 16–20

1. 16application · medium

   A project manager is preparing the schedule for a project. The project manager has identified the activities and their dependencies, and has prepared estimates for each activity. The project manager now needs to determine the overall project duration and identify which activities are critical. Which technique should the project manager use?

   • AProduct breakdown structure, to break down the project product into its constituent products.
   • BCritical path analysis, to identify the longest sequence of dependent activities and determine the minimum project duration.
   • CActivity network, to show the sequence and dependencies of activities.
   • DParametric estimating, to calculate the duration of each activity based on a statistical relationship.
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2. 17foundation · easy

   What is the primary purpose of the PRINCE2 plans practice?

   • ATo allocate all project resources to the most critical activities first
   • BTo ensure that all project risks are eliminated before work begins
   • CTo define the means of delivering products, thereby facilitating communication and control
   • DTo provide a detailed cost breakdown for the finance department
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4. 18foundation · easy

   In the context of PRINCE2 planning, what is the purpose of analyzing risks?

   • ATo eliminate all risks from the project
   • BTo calculate the probability of each risk
   • CTo assign risk owners to each activity
   • DTo identify and assess risks that may affect the plan and incorporate responses
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5. 19application · medium

   A project manager is preparing estimates for a project to build a new website. The organization has completed several similar website projects in the past, and the project manager has access to historical data on the cost and duration of those projects. The project manager needs to estimate the effort for the new project's activities. Which estimating method is most appropriate in this situation?

   • ABottom-up estimating, estimating each activity in detail and then aggregating the estimates.
   • BParametric estimating, using a statistical relationship between historical data and other variables to calculate estimates.
   • CThree-point estimating, using optimistic, pessimistic, and most likely estimates to calculate a weighted average.
   • DAnalogous estimating, using the historical data from similar past projects as a basis for the estimates.
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6. 20foundation · easy

   What is the output of analyzing risks in the PRINCE2 planning process?

   • AA list of activities with no dependencies
   • BA detailed risk register for the project
   • CA risk-free project plan
   • DA list of risks and responses incorporated into the plan
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