Management

Which product can be used to record when things don’t go as planned in a project?

  • Project Brief
  • Project Initiation Documentation
  • Risk Register
  • Quality Management Strategy

Which of the following is the purpose of the Directing a Project Process?

  • Answers the question, “do we have a viable and worthwhile project?”
  • Prevents poorly conceived projects from being initiated
  • Makes key decisions and exercises overall control in the project
  • Establishes a solid foundation for the project, enabling the organisation to understand the work that needs to be done

Which of the following actions from “Starting Up a Project” implements the Organisation Theme?

  • Design and appoint the project management team
  • Create the Project Approach
  • Create the Project Product Description
  • Draft the outline Business Case

Which product defines how Prince2 will be “Tailored to suit the Project?”

  • Project Brief
  • Project Initiation Documentation
  • Project Product Description
  • Business Case

Multiple Answers: Outputs of Managing a Stage Boundary include:

  • Updating the Quality Register
  • Updating the Risk Register
  • Updating the Issue Register
  • Updating the Lessons Log

Which role is responsible for updating the Risk Register?

  • Executive
  • Senior User
  • Project Manager

What should be included in a Risk Management Procedure?

What should a highlight report contain?

Who should highlight reports be sent to?

 

Creating the product breakdown structure will clarify what each product is. Creating the product description for each product will determine the characteristics and quality criteria for each product. Creating the product flow diagram will show the relationship and sequence of creation of each product. What does the Configuration Management Strategy do?

  • It outlines the communication (jargon) language to be used to describe the project
  • It details how a project’s organisational structure is configured and implemented
  • It details how and by whom the project’s risks are identified and monitored
  • It details how and by whom the project’s products are controlled and protected

Multiple Answers: Which of the following are responses that can be used to manage risks which threaten a project?

  • Exploit
  • Reject
  • Avoid
  • Transfer
  • Reduce
  • Accept

How does fast-tracking a project differ from crashing a project?

A project contains three tasks, one will take 10 days to complete and must be done first, the second will take 11 days to complete and must be done after task 1. The third task will take 20 days to complete and can be started anytime after the first task has started. How long is the critical path?

  • 10 days
  • 11 days
  • 20 days
  • 21 days
  • 41 days

What does PRINCE2 stand for?

 

In PRINCE2 a supplier is someone whose skills or resources required to produce the project’s specialist products. What is meant by the role senior supplier?

  • A Senior Supplier is a person on a PRINCE2 Project Board that represents the interests of all suppliers within the project.
  • Senior Suppliers is one or more people on a PRINCE2 Project Board that represents the interests of all suppliers within the project.
  • A Senior Supplier is a person or organisation that deliver the majority of materials and equipment to the project
  • The role of the Senior Supplier is to represent the interest of all suppliers at the corporate management level.

Multiple Answers: Which of the following roles can be included in a PRINCE2 Project Board?

  • More than one Senior Supplier
  • More than one Senior User
  • More than one Executive
  • A Project Manager

The three-point estimation, is a bottom up method of estimating where three figures determined, based on prior experience or best-guesses: a = the best-case estimate; m = the most likely estimate; b = the worst-case estimate. From these a reasonable estimate can be created that makes allowance for differing scenarios.

 

What is the formula used in the three-point  estimation method to get a weighted average?

  • E = (a+m+b)/3
  • E = (a+4m+b)/6
  • E = (a+4m+b)/3
  • E = (a+m+b)/6

Which of the following are activities that lead to the development of a project schedule when you use PRINCE2?

  • Create a Work Breakdown Structure
  • Create a Product Breakdown Structure
  • Create a Network Diagram
  • Create a Work Packages
  • Schedule Work Packages using a Project Management software like MS Project
  • Schedule work tasks using Project Management software, then you don’t need to create network diagrams or work packages
  • Set up the Project’s Controls
  • Implement the project

What is Quality Assurance in Project Management?

  • Process of ensuring quality by focusing on the processes. It includes meeting standards, progressive enhancing project work and eliminating project defects.
  • Process of auditing and analysing the systems which produce a product in order to improve their quality. Recommendation to the board are about improving systems to improve quality.
  • Process of maintaining standards of project products by testing output against the specification. This process ensures that quality standards are being met.
  • Process of identifying, assessing and controlling threats to a project’s capital and earnings.

What is Project Assurance in Project Management?

  • Process of ensuring quality by focusing on the processes. It includes meeting standards, progressive enhancing project work and eliminating project defects.
  • Process of auditing and analysing the systems which produce a product in order to improve their quality. Recommendation to the board are about improving systems to improve quality.
  • Process of maintaining standards of project products by testing output against the specification. This process ensures that quality standards are being met.
  • Process of identifying, assessing and controlling threats to a project’s capital and earnings.

What is Quality Control?

  • Process of ensuring quality by focusing on the processes. It includes meeting standards, progressive enhancing project work and eliminating project defects.
  • Process of auditing and analysing the systems which produce a product in order to improve their quality. Recommendation to the board are about improving systems to improve quality.
  • Process of maintaining standards of project products by testing output against the specification. This process ensures that quality standards are being met.
  • Process of identifying, assessing and controlling threats to a project’s capital and earnings.

What is Risk Management?

  • Process of ensuring quality by focusing on the processes. It includes meeting standards, progressive enhancing project work and eliminating project defects.
  • Process of auditing and analysing the systems which produce a product in order to improve their quality. Recommendation to the board are about improving systems to improve quality.
  • Process of maintaining standards of project products by testing output against the specification. This process ensures that quality standards are being met.
  • Process of identifying, assessing and controlling threats to a project’s capital and earnings.

What is a risk register used for?

  • The Risk Register captures and maintains the information (both threats and opportunities) on almost all the risks that were identified and relate to the project.
  • A Risk Register is used to summarise all the quality management activities that are planned or have taken place, it provides information for the End Stage Reports and End Project Report.
  • The Risk Register outlines the process of identifying, assessing and controlling threats to a project’s capital and earnings
  • All of the above

A Baseline Management Product is a type of management product that defines aspects of a project. They are living documents that are adjusted to align with a changing environment throughout a project. Changing a baseline is subject to change or version control.

 

Which of the following are examples of Baseline Management Products?

  • Business Case
  • Risk Management Strategy
  • Product Descriptions
  • Project Initiation Documentation
  • Risk Register
  • Issues Register
  • Highlights Reports
  • End of Stage Reports

How can a project manager make allowance for the additional costs of change, that are unknown when developing plans?

  • Project Managers cannot estimate costs for something when they don’t know what it is or if it will be needed
  • A Project Manager can create a change budget when planning. This budget is an allocation of funds that can be used to pay for changes when, or if they occur.
  • Project Managers can estimate all costs as if the worst-case scenario is likely to occur, that way they will always have money left over in case it is needed
  • None of the above

Which of the following are true in describing Configuration Management in PRINCE2?

  • It is the maintaining and controlling of changes to a product
  • It is prepared during the initiating a project process
  • Helps to control the project by aiding how change is managed

 

 

 
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