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PRINCE2 Exam PRINCE2-Practitioner Topic 4 Question 50 Discussion

Actual exam question for PRINCE2's PRINCE2-Practitioner exam
Question #: 50
Topic #: 4
[All PRINCE2-Practitioner Questions]

It is now late October and the project is in stage 3. The label design competition has been held and the photos of the staff have been taken. The CEO and Marketing Director still need to choose the winning label design and the 12 photos for the calendar. However, the Executive has learned that two competitors are issuing calendars to MNO's customers by the middle of November. After analyzing the impact of this Issue, one of the options the Project Manager has presented to the Project Board is to close the project prematurely.

There are a number of key facts relating to this project that would need to be recorded if the project Y-e to be closed now.

Which product should register that the risk of a competitor producing a calendar at the same time was identified at the beginning of the project but the assessment of this risk appears to have been poor?

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Suggested Answer: B

by Cecilia at Sep 03, 2023, 08:31 PM

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Felice
14 days ago
A competitor calendar? Sounds like the perfect opportunity for a crossover promotion - 'Buy our calendar, get the competitor's one half off!' Brilliant strategy, if I do say so myself.
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Diane
16 days ago
The Risk Register, for sure. Though I'm sure the project manager is kicking themselves right about now, wishing they had a time machine to go back and fix this mess. Maybe they can use it to go back and buy some winning lottery tickets too.
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Celestina
17 days ago
Hmm, the Lessons Report seems like a good option too. This experience could provide valuable insights to help future projects avoid similar pitfalls. Although, I guess the Risk Register is the more direct way to document this particular issue.
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Jacquline
A) Issue Register
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Rossana
28 days ago
I agree, the Risk Register is the correct answer. This is a classic example of a risk that should have been identified and mitigated early on in the project. The project team really dropped the ball on this one.
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Tula
29 days ago
The Risk Register is the obvious choice here. The project should have identified and assessed the risk of a competitor releasing a calendar, and that information should be documented in the Risk Register for future reference.
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Dick
2 months ago
Closing the project prematurely might be the best option if the risk was not properly assessed and recorded in the Risk Register.
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Erin
2 months ago
I agree with Jacob, the poor assessment of this risk should have been documented in the Risk Register.
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Jacob
2 months ago
I think the risk of a competitor producing a calendar should have been recorded in the Risk Register.
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