Understanding the PRINCE2 Framework

What does PRINCE2 stand for?

• Projects In Controlled Environments

• Professional Integrated Environments

• Project Iterative Control Efficiency

• Process Innovation for Controlled Environments

Which organisation maintains PRINCE2?

• Project Management Institute (PMI)

• Axelos

• Scrum Alliance

• ITIL Corporation

What is the first principle of PRINCE2?

• Focus on products

• Tailor to suit the project environment

• Continued business justification

• Learn from experience

According to PRINCE2, what should project teams continually seek and draw on?

• Budget forecasts

• Lessons learned from previous projects

• Stakeholder feedback

• New team members

Which PRINCE2 principle emphasises giving team members the authority to make decisions?

• Manage by stages

• Manage by exception

• Focus on products

• Tailor to suit the project environment

In PRINCE2, what is the purpose of the 'Business Case' theme?

• To define the project timeline

• To justify the project investment

• To allocate resources

• To manage risks

Which of the following is NOT a PRINCE2 process?

• Starting up a project

• Directing a project

• Executing a project

• Closing a project

What is the role of the 'Project Board' in PRINCE2?

• To manage day-to-day project activities

• To provide strategic direction and authorise resources

• To write project documentation

• To conduct quality assurance

In PRINCE2, what is the 'Product Description' used for?

• To outline the project budget

• To define the quality criteria for a product

• To list project risks

• To schedule project meetings

Which PRINCE2 theme focuses on identifying, assessing, and controlling uncertainty?

• Quality

• Risk

• Change

• Progress