Which PRINCE2 principle is supported by the setting of tolerances for the three levels of plan?
The PRINCE2 principle supported by the setting of tolerances for the three levels of plan (Project, Stage, and Team Plans) is 'Manage by exception.' This principle allows management to set predefined tolerances for project objectives, and only escalate issues to higher management if these tolerances are exceeded, thereby facilitating efficient use of management time and focus. Reference: PRINCE2 Foundation manual, PRINCE2 official resources
The project manager heeds to prioritize several criteria that the project product must meet in order to be acceptable in which step of the 'quality management technique should this occur?
In which step of the 'risk management technique should the organization's environment be considered?
Similar to question 397, the correct answer for considering the organization's environment in the risk management technique is during the 'Identify' step. This initial phase of risk management involves recognizing and recording risks after considering various environmental factors that can influence the project.
PRINCE2 7 Foundation guide on risk management.
Which describes a risk effect?
The risk effect in PRINCE2 describes the potential impact on project objectives if a specific threat or opportunity were to occur. This understanding is crucial in assessing the significance of the risk and determining the appropriate management response. Reference: PRINCE2 Foundation Training Manual; PRINCE2 2017 Foundation handbook.
Which process monitors work that has been assigned to a team manager?
The 'Managing Product Delivery' process in PRINCE2 is designed to monitor the work assigned to a team manager. This process ensures that the work is completed according to the specifications agreed upon in the Work Package and provides a mechanism for the team manager to report progress back to the project manager. Reference: PRINCE2 Foundation Handbook, Managing Product Delivery section.
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