A project manager is reviewing the risk register and notices that a risk response has been completed, but the risk has not been re-assessed. What should the project manager do?

Leave the risk as is and wait for the next scheduled review.

Close the risk immediately because the response has been completed.

Re-assess the risk to determine if the response has been effective and if the risk can be closed.

Escalate the risk to the project board for a decision.

Which statement best describes what the PRINCE2 risk practice aims to achieve?

To transfer all project risks to the customer or supplier.

To guarantee that the project will be completed on time and within budget.

To create a risk register that is updated only at the end of the project.

To support better decision-making by understanding and managing uncertainties.

How does the risk practice integrate with the plans practice in PRINCE2?

Risk practice is independent of the plans practice.

The risk register replaces the project plan.

Risk responses are included in the project plans.

Plans are created only after all risks are resolved.

A project manager is reviewing the risk register during a stage boundary. Several risks have changed in their probability and impact since the last review. What should the project manager do to ensure ongoing control of risks?

Update the risk register with the new assessments and revise the risk responses if necessary.

Ignore the changes since the original assessments were approved.

Close the risks that have changed to avoid unnecessary management effort.

Escalate all changed risks to the project board for approval.

Home/Organizations/PeopleCert/Exam PRINCE2-FOUNDATION-VERSION-7/4.5.1 Explain the purpose of the ‘risk’ practice (9.1)/Practice Page 4

PRINCE2 Foundation (Version 7)

Domain 4Objective 26

4.5.1 Explain the Purpose of the ‘risk’ Practice (9.1) PRINCE2-FOUNDATION-VERSION-7 Practice Questions (Page 4)

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

30questions here

6free pages

6concepts

60%of the exam

Curriculum map

Understand key concepts relating to projects and PRINCE2
Understand how the PRINCE2 principles underpin the PRINCE2 method
Understand the importance of people in successful projects
Understand the PRINCE2 practices and how they are applied throughout the project
Understand the PRINCE2 processes and how they are carried out throughout the project

6 Concepts in This Objective

Purpose of the risk practice
Risk management approach
Risk identification and assessment
Risk response planning
Risk control and monitoring
Integration with other practices

All 6 pages of PRINCE2-FOUNDATION-VERSION-7 4.5.1 Explain the purpose of the ‘risk’ practice (9.1) practice

Page 1 Page 2 Page 3 Page 4 Page 5 Page 6

Questions 16–20

16application · medium
A project manager is reviewing the risk register and notices that a risk response has been completed, but the risk has not been re-assessed. What should the project manager do?
Select an answer first
17foundation · easy
Which statement best describes what the PRINCE2 risk practice aims to achieve?
Select an answer first
18foundation · easy
How does the risk practice integrate with the plans practice in PRINCE2?
Select an answer first
19application · medium
A project manager is reviewing the risk register during a stage boundary. Several risks have changed in their probability and impact since the last review. What should the project manager do to ensure ongoing control of risks?
Select an answer first
20foundation · easy
In PRINCE2, which document describes the risk management procedures and techniques to be used?
Select an answer first

Finished these 5 questions?

Review the revealed explanations, or continue through the curriculum.

Next 5 questions →Back to PRINCE2-FOUNDATION-VERSION-7

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

Full PRINCE2-FOUNDATION-VERSION-7 curriculum →Every domain, objective & concept — with linked practice PRINCE2-FOUNDATION-VERSION-7 exam overview →PRINCE2 Foundation (Version 7)

Other objectives in Understand the PRINCE2 practices and how they are applied throughout the project

4.1 Explain the Purpose of PRINCE2 Management Products, Including4 pages of practice
4.1.1 Explain the Purpose of the ‘business Case’ Practice (5.1)5 pages of practice
4.1.2 Describe the Key Relationships Between the ‘business Case’ Practice and the Principles (5.7, Tab 5.2)6 pages of practice
4.1.3 Explain the Purpose of the Key Management Products Required to Support the ‘business Case’ Practice (5.5)3 pages of practice
4.1.4 Define Key Concepts Related to the ‘business Case’ Practice: (5.1)4 pages of practice
4.1.5 Describe the Guidance for Effective Management of the Business Case, Including: (5.2)4 pages of practice
4.1.6 Describe the PRINCE2 Technique for the ‘business Case’ Practice (5.3.1)6 pages of practice
4.2.1 Explain the Purpose of the ‘organizing’ Practice (6.1)5 pages of practice
4.2.2 Describe the Key Relationships Between the ‘organizing’ Practice and the Principles (6.7, Tab 6.5)7 pages of practice
4.2.3 Explain the Purpose of the Key Management Products Required to Support the ‘organization’ Practice: (6.5)4 pages of practice
4.2.4 Define Key Concepts Related to the ‘organizing’ Practice5 pages of practice
4.2.5 Describe the Guidance for Effective Organizing Of4 pages of practice
4.2.6 Describe the PRINCE2 Technique for the ‘organizing’ Practice (6.3.1)6 pages of practice
4.3.1 Explain the Purpose of the ‘plans’ Practice (7.1)4 pages of practice
4.3.2 Describe the Key Relationships Between the ‘plans’ Practice and the Principles (7.7, Tab 7.2)6 pages of practice
4.3.3 Explain the Purpose of the Key Management Products Required to Support the ‘plans’ Practice: (7.5)4 pages of practice
4.3.4 Define Key Concepts Related to the ‘plans’ Practice6 pages of practice
4.3.5 Describe the Guidance for Effective Management of Plans5 pages of practice
4.3.6 Describe the PRINCE2 Technique for the ‘plans’ Practice (7.3.1)7 pages of practice
4.4.1 Explain the Purpose of the ‘quality’ Practice (8.1)6 pages of practice
4.4.2 Describe the Key Relationships Between the ‘quality’ Practice and the Principles (8.7, Tab 8.3)6 pages of practice
4.4.3 Explain the Purpose of the Key Management Products Required to Support the ‘quality’ Practice: (8.5)5 pages of practice
4.4.4 Define Key Concepts Related to the ‘quality’ Practice5 pages of practice
4.4.5 Describe the Guidance for Effective Management of Quality4 pages of practice
4.4.6 Describe the PRINCE2 Technique for the ‘quality’ Practice (8.3.1)7 pages of practice
4.5.2 Describe the Key Relationships Between the ‘risk’ Practice and the Principles (9.7, Tab 9.4)5 pages of practice
4.5.3 Explain the Purpose of the Key Management Products Required to Support the ‘risk’ Practice: (9.5)4 pages of practice
4.5.4 Define Key Concepts Related to the ‘risk’ Practice5 pages of practice
4.5.5 Describe the Guidance for Effective Management of Risk7 pages of practice
4.5.6 Describe the PRINCE2 Technique for the ‘risk’ Practice (9.3.1)7 pages of practice
4.6.1 Explain the Purpose of the ‘issues’ Practice (10.1)4 pages of practice
4.6.2 Describe the Key Relationships Between the ‘issues’ Practice and the Principles (10.7, Tab 10.3)6 pages of practice
4.6.3 Explain the Purpose of the Key Management Products Required to Support the ‘issues’ Practice: (10.5)5 pages of practice
4.6.4 Define Key Concepts Related to the ‘issues’ Practice4 pages of practice
4.6.5 Describe the Guidance for Effective Management of Issues3 pages of practice
4.6.6 Describe the PRINCE2 Technique for the ‘issues’ Practice (10.3.1)6 pages of practice
4.7.1 Explain the Purpose of the ‘progress’ Practice (11.1)3 pages of practice
4.7.2 Describe the Key Relationships Between the ‘progress’ Practice and the Principles (11.7, Tab 11.4)6 pages of practice
4.7.3 Explain the Purpose of the Key Management Products Required to Support the ‘progress’ Practice: (11.5)4 pages of practice
4.7.4 Define Key Concepts Related to the ‘progress’ Practice4 pages of practice
4.7.5 Describe the Guidance for Effective Management of Progress5 pages of practice
4.7.6 Describe the PRINCE2 Technique for the ‘progress’ Practice (11.3.1)5 pages of practice

← Previous pagePage 4 of 6Next page →

Free Basic Practice is a study aid with revealable answers — not a scored exam. Examers.io is independent and not affiliated with or endorsed by PeopleCert. “PRINCE2-FOUNDATION-VERSION-7” is a trademark of its owner, used for identification only.