PRINCE2 Pre-course - Pages 0 To 12
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PRINCE2 Pre-Course - pages 0 to 12
- 1.
What is a Project? A project has how many characteristics?
- A.
4
- B.
5
- C.
6
- D.
7
Correct Answer
C. 6Explanation
A project is a temporary endeavor undertaken to create a unique product, service, or result. It typically has six characteristics: it has a defined objective or goal, it is temporary with a specific start and end date, it is unique and distinct from other ongoing operations, it requires the allocation of resources, it involves a team of people working together, and it is subject to constraints such as time, cost, and quality.Rate this question:
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- 2.
A Project:
- A.
Has an end-date
- B.
Goes on forever
- C.
Produces something
- D.
Produces nothing
- E.
Things need to be done to create that something
- F.
Needs managing
- G.
Needs resources
- H.
Is unique
Correct Answer(s)
A. Has an end-date
C. Produces something
E. Things need to be done to create that something
F. Needs managing
G. Needs resources
H. Is uniqueExplanation
A project is a temporary endeavor with a specific end-date, which distinguishes it from something that goes on forever. It also produces something, which implies that there is a tangible outcome or deliverable. To create that something, certain tasks or activities need to be done, indicating the need for planning and execution. Projects require management to ensure they stay on track and meet their objectives. Additionally, projects require resources such as manpower, materials, and funding to be successfully completed. Lastly, projects are unique in nature, meaning that they are not repetitive or routine tasks.Rate this question:
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- 3.
PRINCE2 defines a project in the following terms: "A Project is a plan that is created for the purpose of delivering many customer benefits according to the Project manager."
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The given statement is false. According to PRINCE2, a project is defined as a temporary organization created to deliver a unique product, service, or result. It is not just a plan but involves the entire process of managing and delivering the project objectives. The project manager plays a crucial role in ensuring the successful delivery of customer benefits, but the project itself is not solely a plan.Rate this question:
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- 4.
PRINCE2® defines a project in the following terms: "A Project is a temporary organization that is created for the purpose of delivering one or more business products according to an agreed business case."
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
According to PRINCE2, a project is defined as a temporary organization that is formed with the objective of delivering one or more business products based on an agreed business case. This means that a project is not a permanent entity and is established solely for the purpose of achieving specific outcomes within a defined timeframe. Therefore, the statement "A Project is a temporary organization that is created for the purpose of delivering one or more business products according to an agreed business case" is true.Rate this question:
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- 5.
PRINCE2® Definition of a Project A project has the following characteristics:
- A.
Introduces Change
- B.
Always takes a long time
- C.
Temporary
- D.
Risk-free
- E.
Uncertainty
- F.
Cross-Functional
- G.
Unique
- H.
Repetitive
Correct Answer(s)
A. Introduces Change
C. Temporary
E. Uncertainty
F. Cross-Functional
G. UniqueExplanation
A project is defined as an endeavor that introduces change, is temporary in nature, involves uncertainty, requires cross-functional collaboration, and is unique. These characteristics distinguish a project from routine operations or tasks. Projects are aimed at achieving specific objectives and are not repetitive or risk-free.Rate this question:
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- 6.
PRINCE2® defines a project around 3 pillars:
- A.
Permanent
- B.
Long-Term
- C.
Temporary
- D.
Business Products
- E.
Business Case
- F.
Large Budget
Correct Answer(s)
C. Temporary
D. Business Products
E. Business CaseExplanation
PRINCE2® defines a project around three pillars, which are temporary, business products, and business case. This means that a project is temporary in nature, with a defined start and end date. It also focuses on delivering specific business products or outcomes, and is driven by a clear business case that justifies the need for the project. These three pillars form the foundation of PRINCE2® methodology and guide the project management approach.Rate this question:
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- 7.
1st pillar: Temporary – A structure designed specifically to achieve the objectives defined, which, once completed, _____ (?);
- A.
Celebrates
- B.
Disbands
- C.
Continues
Correct Answer
B. DisbandsExplanation
The word "disbands" is the correct answer because it implies that once the temporary structure is completed, it will be dissolved or broken up. This suggests that the purpose of the structure has been fulfilled and it is no longer needed, therefore it will be disbanded or taken apart.Rate this question:
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- 8.
2nd pillar: Business Products – Split into two categories :
- A.
Management Products - products used to manage the project, eg. Project Plan
- B.
Specialist Products - outputs specific to each project.
- C.
Business Products - outputs specific to each organization.
Correct Answer(s)
A. Management Products - products used to manage the project, eg. Project Plan
B. Specialist Products - outputs specific to each project.Explanation
The 2nd pillar of business products is divided into two categories: management products and specialist products. Management products are used to manage the project, such as a project plan. Specialist products, on the other hand, are outputs that are specific to each project. The correct answer includes both of these categories and provides examples of each.Rate this question:
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- 9.
3rd pillar: Business Case – (define)
- A.
Justification for the project based on the costs of development and operation to achieve specific measurable benefits against the risks.
- B.
Justification for the project based on efforts to achieve as many measurable benefits as possible.
- C.
Justification for the project based on the business plan.
Correct Answer
A. Justification for the project based on the costs of development and operation to achieve specific measurable benefits against the risks.Explanation
The correct answer is the justification for the project based on the costs of development and operation to achieve specific measurable benefits against the risks. This means that the business case for the project is based on evaluating the costs involved in developing and operating the project, and comparing them to the potential benefits that can be achieved. This approach helps to assess the feasibility and potential return on investment of the project, taking into consideration the risks involved.Rate this question:
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- 10.
All projects introduce some level of ____(?) to an organization by introducing something new, changing existing services or retiring services.
- A.
Costs
- B.
Change
- C.
Benefits
Correct Answer
B. ChangeExplanation
Projects involve making changes to an organization, whether it is introducing something new, modifying existing services, or retiring services. These changes can disrupt the current operations and processes, leading to a certain level of uncertainty and risk. Therefore, the correct answer is "change."Rate this question:
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- 11.
The introduction of change brings uncertainty, which PRINCE2 defines as ___(?). ___(?) needs to be managed to ensure the successful delivery of a project.
- A.
Costs
- B.
Change
- C.
Risk
Correct Answer
C. RiskExplanation
PRINCE2 defines uncertainty as risk. Risk needs to be managed in order to ensure the successful delivery of a project.Rate this question:
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- 12.
PRINCE2 defines the cross-functional nature of projects as:
- A.
Projects will involve different functions within an organization from financing to the delivery only.
- B.
Projects will involve different functions within an organization from the financing to the delivery. Some projects will also involve 3rd party suppliers to delivery specific specialist products.
- C.
Projects will involve 3rd party suppliers to deliver specific specialist products only.
Correct Answer
B. Projects will involve different functions within an organization from the financing to the delivery. Some projects will also involve 3rd party suppliers to delivery specific specialist products.Explanation
PRINCE2 defines the cross-functional nature of projects as involving different functions within an organization, from financing to delivery. Additionally, some projects may also require the involvement of third-party suppliers to deliver specific specialist products.Rate this question:
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- 13.
Every project is unique, as no project is the same as another. Many projects deliver similar specialist products, but individual projects will have their own structure of people, issues and risks specific to that delivery.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
This statement is true because every project is indeed unique. While some projects may deliver similar products, each project will have its own unique set of people, issues, and risks. This uniqueness is due to various factors such as project objectives, scope, stakeholders, and constraints, which differ from project to project. Therefore, it can be concluded that no two projects are exactly alike, making the statement true.Rate this question:
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- 14.
There are many drivers that instigate the change that a project will manage. These include, but are not limited to:
- A.
Political demands
- B.
Technological advances
- C.
New or changed legislation
- D.
Research
- E.
Mergers and acquisitions
- F.
Industry regulators
- G.
Social pressures
- H.
Business opportunity or threat
- I.
Competitors' activities
Correct Answer(s)
A. Political demands
B. Technological advances
C. New or changed legislation
D. Research
E. Mergers and acquisitions
F. Industry regulators
G. Social pressures
H. Business opportunity or threat
I. Competitors' activitiesExplanation
The drivers that instigate the change that a project will manage include political demands, technological advances, new or changed legislation, research, mergers and acquisitions, industry regulators, social pressures, business opportunity or threat, and competitors' activities. These factors can all contribute to the need for a project to adapt and evolve in order to meet the changing demands and circumstances of its environment.Rate this question:
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- 15.
Project Management is the ability to manage the implementation of specific objectives around the following:
- A.
Scope - The boundaries of the projects activities
- B.
Size - The size of the benefits
- C.
Time - Timeframe for the project
- D.
Cost - Budgets including Risk and Change
- E.
Quality - The fitness for purpose of project products
- F.
Quantity - The number of deliverables
- G.
Risk - Things we know we don‟t know and things we don‟t know we don‟t know. Uncertainties, in other words.
- H.
Benefit - Business improvements from having implemented the projects outputs.
- I.
Customer Products - the number of new products produced.
Correct Answer(s)
A. Scope - The boundaries of the projects activities
C. Time - Timeframe for the project
D. Cost - Budgets including Risk and Change
E. Quality - The fitness for purpose of project products
G. Risk - Things we know we don‟t know and things we don‟t know we don‟t know. Uncertainties, in other words.
H. Benefit - Business improvements from having implemented the projects outputs.Explanation
The correct answer includes the key aspects of project management, which are scope, time, cost, quality, risk, and benefit. Scope refers to the boundaries and extent of the project activities. Time refers to the timeframe or duration of the project. Cost includes budgets, as well as the consideration of risks and changes. Quality refers to the fitness for purpose of the project's products. Risk includes uncertainties and things that are known or unknown. Benefit refers to the business improvements achieved from implementing the project's outputs.Rate this question:
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Current Version
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Mar 07, 2024Quiz Edited by
ProProfs Editorial Team -
Oct 24, 2011Quiz Created by
Msnau
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