PRINCE2® 7 Foundation Module 1 Quiz

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Questions and Answers

Which characteristic of a project underscores that each project will be unique?

  • Temporary nature
  • Involvement of multi-skilled teams (correct)
  • Introduce change
  • Introduction of uncertainty

What is the main advantage of using PRINCE2 in an organization?

  • Focuses solely on documentation without considering outcomes
  • Ensures a common language and concepts across projects (correct)
  • Allows for personalized project direction by individual team members
  • Provides a fixed method with no flexibility

Which delivery method allows for the product to be available during the project?

  • Agile framework
  • Iterative-incremental approach
  • Hybrid approach
  • Linear-sequential approach (correct)

What is a common aspect of Agile methodologies?

<p>Encourages iterative and incremental delivery (D)</p> Signup and view all the answers

Which of the following is NOT a stakeholder outside the business mentioned?

<p>Employees (A)</p> Signup and view all the answers

What is the primary principle of PRINCE2 that ensures a project has a justifiable reason for its existence throughout its lifecycle?

<p>Ensure Continued Business Justification (C)</p> Signup and view all the answers

Which aspect of project management emphasizes that every project is unique?

<p>Project Context (B)</p> Signup and view all the answers

How does the 'manage by exception' principle benefit senior management in a PRINCE2 project?

<p>It allows decisions to be made at the appropriate level. (B)</p> Signup and view all the answers

In PRINCE2, what is the significance of the principles in relation to project tailoring?

<p>They provide a framework for adapting the method. (A)</p> Signup and view all the answers

Which of the following accurately describes supplier stakeholders within a PRINCE2 framework?

<p>They can be either internal or external to the organization. (C)</p> Signup and view all the answers

What does the term 'five integrated elements' in PRINCE2 encompass?

<p>People, Principles, Practices, Processes, and Project Context (C)</p> Signup and view all the answers

Which principle of PRINCE2 focuses on decision-making at the appropriate level within the organization?

<p>Manage by Exception (B)</p> Signup and view all the answers

What is meant by 'tailoring a project' in the context of PRINCE2?

<p>Applying PRINCE2 principles in a flexible way to fit specific project needs. (D)</p> Signup and view all the answers

Which of the following is a characteristic of projects as per the PRINCE2 framework?

<p>Projects always introduce uncertainty. (B)</p> Signup and view all the answers

What is one of the seven variables that project managers need to control in a PRINCE2 environment?

<p>Delivery methods (C)</p> Signup and view all the answers

Which statement best describes the agile approach within PRINCE2?

<p>It allows for a flexible approach with iterative and incremental delivery. (A)</p> Signup and view all the answers

Which benefit of PRINCE2 relates to the common language and concepts it provides?

<p>Improved collaboration across teams (B)</p> Signup and view all the answers

What is the significance of understanding the project context in PRINCE2?

<p>It helps tailor the principles, practices, and processes properly. (A)</p> Signup and view all the answers

What principle emphasizes that the justification for a project must remain valid throughout its lifecycle?

<p>Ensure continued business justification (C)</p> Signup and view all the answers

Which of the following elements is NOT one of the five integrated elements in PRINCE2?

<p>PRINCE2 Techniques (D)</p> Signup and view all the answers

How does the 'manage by exception' principle operate within a PRINCE2 project?

<p>It ensures decisions are made by the appropriate level of management. (A)</p> Signup and view all the answers

What is the purpose of the 'define roles, responsibilities and relationships' principle in PRINCE2?

<p>To establish clear accountability and enhance communication among project participants. (B)</p> Signup and view all the answers

Which aspect of project management does PRINCE2 emphasize to highlight the uniqueness of each project?

<p>The flexibility to adapt the methodology to different projects (C)</p> Signup and view all the answers

In PRINCE2, what does the tailoring process allow project teams to do?

<p>Modify the methodology to better fit the specific project context (B)</p> Signup and view all the answers

The flexibility of PRINCE2 is attributed to which of the following?

<p>The guidance provided by its principles for project application (C)</p> Signup and view all the answers

What aspect of project performance is NOT considered in PRINCE2?

<p>Project financing and budget allocation (A)</p> Signup and view all the answers

Flashcards

Stakeholders outside a business

Groups or individuals (like trade unions, customers, suppliers, communities, interest groups, banks, or media) who are affected by a project.

Project Context (PRINCE2)

Part of PRINCE2 that affects how principles, practices, and processes are applied. It needs to be understood by stakeholders for appropriate application.

Project characteristics

Projects have unique aspects, uncertainty, involve temporary change, and a multi-skilled team.

Agile approach (projects)

A way of working in projects characterized by collaboration, prioritization, iterative/incremental delivery, and time constraints. Examples: Scrum, Kanban.

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PRINCE2 benefits

PRINCE2 provides a universal common language and concepts, increases organizational maturity, and is part of an integrated project management method. It's also outcome focused and flexible as a proven approach.

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Project Justification

A project must have a valid reason for starting and this reason needs to be maintained throughout the project.

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Manage by Exception

Decision making happens at appropriate levels of the organization to free up senior management's time while maintaining control.

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PRINCE2 Flexibility

PRINCE2 allows tailoring to specific project needs.

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Project Uniqueness

Every project is different, varying in teams, customers, suppliers, location, and timeframe.

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Stakeholder Types

Stakeholders can be internal or external to an organization.

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PRINCE2 Principles

PRINCE2 principles guide how PRINCE2 fits a project.

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Integrated Elements in PRINCE2

PRINCE2 has five integrated elements: people, principles, practices, processes, and project context.

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Linear-sequential approach

A project delivery method where steps happen in order, and the finished product is available either during or at the end of the project.

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Iterative-incremental approach

A project delivery method where steps are repeated throughout the project, building upon previous work. This is also known as the agile approach.

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Hybrid approach

A project delivery method that combines elements of both linear-sequential and iterative-incremental approaches.

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Agile (in projects)

A broad concept that emphasizes collaboration, prioritization, iterative and incremental delivery, and timeboxing, allowing teams to work flexibly.

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Timeboxing

A technique used in agile projects where tasks are assigned fixed timeframes, forcing focus and prioritization.

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What defines a project?

A project is temporary with a specific goal, involves a team, and usually has a budget and deadline.

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Tailoring in PRINCE2

Adapting PRINCE2 to fit the specific needs of a project, like its size, complexity, or industry.

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Project Context

The surrounding environment of a project, including stakeholders, organization, and delivery methods.

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Ensure Continued Business Justification

The project must have a valid reason for starting and this reason must remain valid throughout its life.

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Study Notes

Module 1: Introduction to PRINCE2® 7 Foundation

  • Topics Covered:

    • Defining a project and its characteristics
    • PRINCE2 features and benefits
    • Project management
    • Project performance aspects
    • Project context (users, suppliers, business, organizational context)
    • Delivery methods
    • Five integrated elements of PRINCE2
    • PRINCE2 principles, practices, and processes
    • Project context tailoring
    • Example of a project tailoring
    • What makes a good project

  • What is a Project?

    • Needs a justifiable reason for starting, which must remain valid throughout the project lifecycle
    • Every project unique (due to team, customer, supplier, location, or timeframe)

  • Good Project Characteristics:

    • Relevant to organizational goals
    • On budget
    • On time
    • Well-managed
    • Delivers value and benefits
    • Well-planned
    • Meets objectives
    • Meets stakeholder needs
    • Engaged stakeholders

  • PRINCE2 Principles:

    • Ensure continued business justification (throughout the project lifecycle) is essential

  • Project Variables:

    • Benefits
    • Costs
    • Risk
    • Scope
    • Sustainability
    • Quality
    • Time

  • Delivery Approaches:

    • Linear-sequential
    • Iterative-incremental (Agile)
    • Hybrid (combination of linear and iterative approaches)

Seven Core Principles of PRINCE2

  • Define roles, responsibilities and relationships
  • Ensure continued business justification
  • Focus on products
  • Manage by exception
  • Manage by stages
  • Learn from experience
  • Tailor to suit the project

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PRINCE2 7 Foundation Module 1 PDF

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