What is the primary purpose of the risk register in PRINCE2?

To allocate the risk budget to each risk

To replace the need for risk communication

To record and track information about identified risks throughout the project

To guarantee that all risks are avoided

A project has a risk that a critical component may be delayed. The project manager has planned a response to reduce the impact by sourcing from a backup supplier. The backup supplier is more expensive. The project board has approved a risk budget. What should the project manager do?

Ask the project board for additional funds.

Use the project contingency budget for the backup supplier.

Use the risk budget to fund the backup supplier.

Do not implement the response because it is too expensive.

PRINCE2 Foundation (Version 7)

Domain 4Objective 31

4.5.6 Describe the PRINCE2 Technique for the ‘risk’ Practice (9.3.1) PRINCE2-FOUNDATION-VERSION-7 Practice Questions (Page 3)

Part of the Understand the PRINCE2 practices and how they are applied throughout the project domain, which accounts for 60% of the PRINCE2-FOUNDATION-VERSION-7 exam. PeopleCert does not publish an official question count, but from its 60-minute exam (~25–40 total, ~15–24 in this domain), expect 1–1 from this objective — we provide 32 practice questions to prepare you well beyond it. (estimate)

32questions here

7free pages

8concepts

60%of the exam

Questions 11–15

11foundation · easy
Which risk response strategy involves taking action to eliminate the threat or protect the project from its impact?
Select an answer first
12foundation · easy
In PRINCE2, what two factors are used to assess a risk?
Select an answer first
13foundation · easy
What is the primary purpose of the risk register in PRINCE2?
Select an answer first
14application · medium
A project has a risk that a key supplier may go out of business. The project manager wants to ensure the project can still deliver if this happens. Which risk response strategy should the project manager choose?
Select an answer first
15expert · hard
A project has a risk that a critical component may be delayed. The project manager has planned a response to reduce the impact by sourcing from a backup supplier. The backup supplier is more expensive. The project board has approved a risk budget. What should the project manager do?
Select an answer first

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4.5.6 Describe the PRINCE2 Technique for the ‘risk’ Practice (9.3.1) PRINCE2-FOUNDATION-VERSION-7 Practice Questions (Page 3)

Questions 11–15

Which risk response strategy involves taking action to eliminate the threat or protect the project from its impact?

In PRINCE2, what two factors are used to assess a risk?

What is the primary purpose of the risk register in PRINCE2?

A project has a risk that a key supplier may go out of business. The project manager wants to ensure the project can still deliver if this happens. Which risk response strategy should the project manager choose?

A project has a risk that a critical component may be delayed. The project manager has planned a response to reduce the impact by sourcing from a backup supplier. The backup supplier is more expensive. The project board has approved a risk budget. What should the project manager do?

Keep studying — Understand the PRINCE2 practices and how they are applied throughout the project