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Exam Name: Management of Value® Foundation
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Exam Name: Managing Successful Programmes Foundation
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Exam Name: PRINCE2 Foundation - Exam
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EX0-002 Exam Questions Total Q&A: 145 Questions and Answers
Last Update: 2014-10-01
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NO.1 Which may be funded from a risk budget?
A. Corrections due to off-specifications
B. Impact analysis of requests for change
C. Implementation of a fallback plan
D. Preparation of the Risk Management Strategy
Answer: C
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NO.2 Which of the following refers to the actions identified to bring a situation to a level where
exposure to a risk is acceptable?
A. Risk category
B. Risk description
C. Risk response
D. Risk status
Answer: C
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NO.3 If an informal issue is defined as a problem or concern, where should it first be recorded?
A. Issue Register
B. Risk Register
C. Daily Log
D. Exception Report
Answer: C
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NO.4 Which of the following statements about lines of authority and reporting are true?
1, The Project Manager has day-to-day control for a management stage within the limits laid,
2. If a Team Manager forecasts a deviation beyond Work Package tolerances, this should be referred
to the Project Manager down by the Project Board.
A. Only 1 is true
B. Only 2 is true
C. Both 1 and 2 are true
D. Neither 1 or 2 are true
Answer: C
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NO.5 When considering risks, which describes an opportunity in a project?
A. An uncertain event that could have a negative impact on objectives
B. An uncertain event that could have a favourable impact on objectives
C. An event that has occurred resulting in a negative impact on objectives
D. An event that has occurred resulting in a favourable impact on objectives
Answer: B
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NO.6 How many tasks does the product-based planning technique describe?
A. One
B. Two
C. Three
D. Four
Answer: D
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NO.7 What is the first task of product-based planning?
A. Produce the Initiation Stage Plan
B. Write the Project Product Description
C. Identify dependencies
D. Create the product breakdown structure
Answer: B
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NO.8 Which of the following statements about the Project Initiation Documentation are true?
1.The Project Initiation Documentation is used to ensure that a sound basis exists.
2.The Project Initiation Documentation should be updated at the end of each stage to reflect the
current status of a project before the Project Board authorizes a project,
A. Only 1 is true
B. Only 2 is true
C. Both 1 and 2 are true
D. Neither 1 or 2 are true
Answer: C
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