A project manager is planning a project where the project board has set a tolerance of ±10% on the project budget. During the project, the project manager forecasts that the budget will be exceeded by 8%. What should the project manager do according to the plans practice?

Revise the project plan to reduce the budget.

Continue to manage the project within the tolerance and take corrective action if needed.

Escalate the forecast to the project board immediately.

Stop the project and create an exception plan.

A project manager is using product-based planning for a complex project. The project product description has been written. What should the project manager do next?

Create the product breakdown structure

Create the product flow diagram

Identify the activities and dependencies

A project manager is using the product-based planning technique. Which sequence of steps is correct?

Write the project product description, create the product breakdown structure, write the product descriptions, create the product flow diagram

Create the product breakdown structure, write the project product description, create the product flow diagram, write the product descriptions

Write the product descriptions, create the product breakdown structure, write the project product description, create the product flow diagram

Create the product flow diagram, write the product descriptions, create the product breakdown structure, write the project product description

Which of the following is a way the 'plans' practice contributes to communication within a PRINCE2 project?

By replacing the need for any other communication methods

By providing a common reference point for stakeholders to understand what will be done and when

By ensuring that all stakeholders receive the same information at the same time

By keeping all project information confidential from stakeholders

A project manager is developing the project plan and needs to ensure that the plan supports effective communication with stakeholders and provides a baseline for measuring progress. Which action best demonstrates the application of the plans practice?

Defining the project's products and the activities needed to create them, with agreed tolerances for time and cost

Creating a detailed Gantt chart that lists all tasks and dependencies

Assigning a project manager and a project support office to oversee the project

Conducting a risk workshop to identify potential threats to the project

PRINCE2 Foundation (Version 7)

Domain 4Objective 14

4.3.1 Explain the Purpose of the ‘plans’ Practice (7.1) PRINCE2-FOUNDATION-VERSION-7 Practice Questions (Page 1)

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 20 practice questions to prepare you well beyond it. (estimate)

20questions here

4free pages

4concepts

60%of the exam

Questions 1–5

1expert · hard
A project manager is planning a project where the project board has set a tolerance of ±10% on the project budget. During the project, the project manager forecasts that the budget will be exceeded by 8%. What should the project manager do according to the plans practice?
Select an answer first
2expert · hard
A project manager is using product-based planning for a complex project. The project product description has been written. What should the project manager do next?
Select an answer first
3application · medium
A project manager is using the product-based planning technique. Which sequence of steps is correct?
Select an answer first
4foundation · easy
Which of the following is a way the 'plans' practice contributes to communication within a PRINCE2 project?
Select an answer first
5application · medium
A project manager is developing the project plan and needs to ensure that the plan supports effective communication with stakeholders and provides a baseline for measuring progress. Which action best demonstrates the application of the plans practice?
Select an answer first

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