PRINCE2 PRINCE2-Foundation Quiz 1 Topic 7 Questions 1-5

Question: 1

Which describes risk appetite?

AAn organization's unique attitude towards risk-taking

BThe risks to the expected benefits

CA common set of risk categories, risk scales and evaluation techniques

DThe budget set aside for potential changesto the scope of the project

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Question: 2

Identify the missing words in the following sentence. A risk budget is a sum of money included in the [ ? ] and set aside to fund specific management responses to a project's threats and opportunities

Achange budget

Bproject budget

Cproject's cost tolerance

Dproject's risk tolerance

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Question: 3

Identify the missing words in the following sentence. A purpose of the Plans theme is to [ ? ] the project's plans

Adefine a coding system to provide a unique identifier for the products within

Bsummarize the results of the quality activities performed on

Cprovide a framework to design, develop and maintain

Ddefine the project benefits to be achieved by each of

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Question: 4

Which is a true statement about PRINCE2 event-driven controls

AEvent-driven controls take place at predefined periodicintervals

BEvent-driven controls are produced at the frequency defined in a Work Package

CEvent-driven controls are used for decision making

DCheckpoint Reports are event-driven controls

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Question: 5

Identify the missing word in the following sentence. The risk response type [ ? ] can be used to respond to a threat and an opportunity

AAvoid

BReduce

CShare

DTransfer

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PRINCE2 PRINCE2-Foundation Quiz:1 Topic:7 Questions:1-5