PRINCE2 7 Foundation Practice Exam — All Questions

How many principles does PRINCE2 7 define, and what is their defining characteristic?

• a.Five principles that may be adopted selectively depending on project size
• b.Seven principles that apply only to large, high-risk projects
• c.Seven principles that must all be applied for a project to be genuinely following PRINCE2✓
• d.Nine principles that replace the need for a business case

PRINCE2 7 has seven principles, and they are universal: unless all seven are applied, the project is not being managed with PRINCE2. They are not optional or scaled by project size.

Which PRINCE2 principle requires that there be a justifiable reason to start the project and that this justification remains valid throughout its life?

• a.Focus on products
• b.Continued business justification✓
• c.Manage by stages
• d.Learn from experience

Continued business justification means a project must have a documented, verified reason to proceed, and that reason must be checked at each key point. If justification disappears, the project should be stopped.

Under the 'manage by exception' principle, what should a manager do while a plan is forecast to stay within its agreed tolerances?

• a.Continue without escalating, as the delegated level of management has authority to proceed✓
• b.Escalate to the next level of management for approval before any further work
• c.Halt the work until the Project Board reviews progress
• d.Reduce all tolerances to zero to keep tight control

Manage by exception sets tolerances for each objective and delegates day-to-day authority. As long as work is forecast to stay within tolerance, the lower level proceeds; only a forecast breach is escalated as an exception.

A project is divided into distinct sections, each ending with a Project Board decision on whether to continue. Which principle does this reflect?

• a.Tailor to suit the project
• b.Defined roles, responsibilities and relationships
• c.Focus on products
• d.Manage by stages✓

Manage by stages breaks the project into management stages separated by decision points, giving the Project Board control to authorise the next stage only when justification and plans remain sound.

When should lessons be sought and acted upon under the 'learn from experience' principle?

• a.Only at project closure, when an end project report is written
• b.Throughout the project: lessons are sought at the start, recorded during, and passed on at the end✓
• c.Only when a serious problem or exception occurs
• d.Only during the initiation stage, before the plans are baselined

Learn from experience is continuous. Teams look for relevant lessons when starting, capture new lessons as the project runs, and pass lessons on when it closes so future projects benefit.