The lecture PRINCE2® Practitioner: Sample Exam (1) by Dion Training is from the course PRINCE2® – Practitioner 6th Edition including Exam (EN).
The Chief Executive Officer (CEO) of the record company requires the cost-benefit analysis of every project to be recorded in a document called a 'project rationale'. The executive is preparing the draft 'project rationale' as part of the pre-project phase. Which principle is being applied, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
During the initiation stage, the Vice President stated that attendance at launch events held on Monday evenings is low, and on previous projects this had resulted in lower album sales. As a result, the launch event for this album will be held later in the week. Which principle is being applied, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Towards the end of stage 2, the project manager realized that not all of the ‘recorded sample songs' would be completed before the end of the stage. The project manager decided to move the remaining work to stage 3. This enabled the project manager to report that stage 2 was completed within time tolerance. Is this an appropriate application of the 'manage by stages' principle, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The executive has appointed the company's finance manager to provide business assurance, to monitor whether the album sales will exceed the production costs as the project progresses through each stage. How well does this apply the 'manage by exception' principle, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
During the 'initiating a project' process, it was decided that the sound quality of the album should be the same, regardless of the delivery channel used. At the beginning of stage 4, the project manager agrees this requirement with the team manager responsible for delivering the album to the different channels. Which principle is being applied, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
During stage 3, the Music Album Project board consists of the Vice President as the executive and senior user, with no senior supplier. Is this an appropriate application of the 'defined roles and responsibilities' principle, and why (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The work package to create the 'artwork' will commence in stage 3. The graphic design company uses their own development method to deliver products. They have appointed their Graphic Designer as the team manager to complete this work package. The project manager will review the appointment at the end of the stage. Which principle is being applied by the review, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The project is in the initiation stage. The Vice President requests that management products be produced in the form of slides, to be presented at project board meetings. This is in line with company policy. Is this an appropriate application of the 'tailor to suit the project' principle, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The Music Album Project is part of a programme to contract new singers. The 'artwork' is being produced by an external graphic designer. The graphic designer's profit has been documented in the record company's business case. Is this appropriate, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The project is in the initiation stage. When negotiating with the record company on behalf of the singer, the singer's agent stated that this type of music represents 3% of the total music market. The singer's agent understands the music industry and has been asked to specify how much profit the record company should expect to make from the sales of this album. Is this appropriate, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
As a result of previous lessons, this recommendation has been made: "If an executive is appointed who does not have an understanding of PRINCE2, someone with experience of applying PRINCE2 should undertake business assurance." The Recording Studio Manager has therefore been appointed as business assurance for stage 2. Is this appropriate, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The Contracts Manager has been appointed as the project manager for the Music Album Project. In a previous job, the Contracts Manager worked as a graphic designer and, when planning for stage 3, decided to also take on the role of team manager for the 'artwork' production. Is this an appropriate application of the organization theme, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The record company must comply with music industry regulations when producing the 'artwork'. Which action should the project manager take, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
During stage 2, the 'recorded sample songs' will be delivered and made available to members of focus groups. Feedback from the focus groups will be used to improve the 'recorded album'. The Production Manager has asked the singer to assess the recordings of the sample songs. This has been planned as part of the quality management approach. Why is this an appropriate action? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The project is approaching the end of stage 3. The project manager has invited the team managers involved in stage 4 to a workshop to draft the stage 4 plan. The project manager has asked the team managers, some of whom are external suppliers, to draft their team plans beforehand in order to verify that the stage plan is achievable. Is this appropriate, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
In order to prepare the project plan, the project manager used the record company's historical data, such as the types and number of human resources who took part in the previous music album projects. However, for the stage plans, the project manager organized workshops with the team managers to estimate the resources required. Is this appropriate, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
During stage 3, the singer's agent informed the project manager that the singer may be invited to perform at an international festival. If there is interest from an international audience, the record company will need extra money to expand their distribution channels. The project manager has created a provisional plan to cover the activities required, should the singer be invited. From which budget should the extension of the distribution channels be funded, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The following risk has been recorded in the risk register: "As the singer is new to the market, there is a threat that the music album sales will not exceed the production costs, which would result in the project no longer being viable". The record company plans to find an alternative graphic design company, to lower the overall production costs. Which risk response is being applied, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
At the end of stage 2, the CEO decided to add a promotional video to the scope of stage 3 and increase the project budget by £10,000. This amount is sufficient to resolve the issue, which will be managed using the recommended issue and change control procedure. However, after noticing that stage 3 has a cost tolerance of £12,000, the CEO decided to use this instead. Is this appropriate, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
During stage 3, the 'artwork' has been completed. However, it does not fully meet the quality criteria requested by the singer and in the documented product description. The cost of corrective action will be £500 and will delay the project by a week. The team manager has discussed this issue with the graphic designer and the singer. It has been agreed that the 'artwork' is good enough and will be used as it is. Is this an appropriate approach to controlling change, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
In stage 2, the music lawyer is a team manager working on the draft contract for the singer. He usually sends an email to the project manager every two days summarizing the status of the work. No major progress is expected over the next week, so the project manager amends the work package to receive reports over the phone. Is this appropriate, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
During the 'starting up a project' process, the project manager was told that the Production Assistant will not be available for the first stage. This issue needs to be managed formally. Which management product should be used to record this issue, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The project manager is preparing the project brief. A previous project had an issue with a focus group member uploading sample songs to the internet without permission. The project manager has asked the record company's cyber security expert to draft a section for the project brief that identifies measures required to prevent this from happening again. Is this appropriate, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The project is approaching the end of stage 2. The project manager may need to consult the senior user and executive about planning the production of the 'artwork', and the 'recorded album'. As a result, the project manager has checked their availability for the following week. Is this appropriate as part of the 'give ad hoc direction' activity, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The project manager has recommended that a highlight report should be submitted every four weeks. However, as the project manager only joined the company recently, the executive wants to receive a highlight report every week while the sample songs are being recorded. As a result, the project manager has recorded this requirement in the controls section of the project initiation documentation. Is this appropriate, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
An external recording studio will be used to record the sample songs from the start of stage 2. Therefore, the record company's purchasing department needs to carry out the supplier selection process during the initiation stage. The project manager has recommended that the 'controlling a stage' process is used to control the work of the purchasing department. Is this appropriate, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
What should the Recording Studio Manager do as part of the 'accept a work package' activity for the 'recorded album'? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The team manager for the 'signed contracts for delivery channels' is in the process of accepting the work package. The team manager is concerned that the list of quality reviewers included in the product description may not include anyone with the required specialist knowledge. What should the team manager do first? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The project is in stage 2. The 'recorded sample songs' have been produced and handed over to the team manager for the focus groups. On the day before the focus group meeting, the team manager discovered that the sound quality of one song was not of the required standard. The team manager spoke to the singer's agent, and the singer will attend the focus group meeting to perform the songs. Is this appropriate application of the 'managing product delivery' process, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The project is approaching the end of stage 3 and the 'artwork' is taking longer to produce than expected. As a result, an exception report has been sent to the project board. The project board has decided to follow the recommendation of the project manager to increase the time tolerance for the stage. When should the 'managing a stage boundary' process be used next? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
This project is part of a larger programme. An exception plan has been produced during the final stage because there has been a delay in the registering of the 'artwork'. The stage will be delayed, however the project will be completed within the time tolerance set. Which role, or combination of roles, should approve this exception plan? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Late in stage 3, the project manager has reported that the 'artwork' is going to take longer to produce than planned, and the stage is likely to exceed time tolerance. As a result, the project board has requested an exception plan and also wants to establish the status of the current stage. What action should the project manager take, and why? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Which action should the project manager take during the 'prepare planned closure' activity? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Which action should the project manager take during the 'hand over products' activity? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The 'launch event plan' has been completed on time and within budget. A quality review has been carried out and there are no outstanding issues. The group running the launch event has confirmed that the plan meets their needs and that they will be able to run the launch event. Who will use this information, and when? (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Statement related to managing business justification for the Music Album Project: Which role should be responsible for the action? "Ensure that the law firm that is working on the contract between the singer and the record company will make a profit." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Statement related to managing business justification for the Music Album Project: Which role should be responsible for the action? "At a benefits review of the album launch, state whether the album sales met the targets specified in the business case." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Statement related to managing business justification for the Music Album Project: Which role should be responsible for the action? "Monitor monthly spend against the agreed budget on behalf of the record company." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Use the 'Additional Information' in the Scenario Booklet to answer this question. Statement relating to the Music Album Project: Which individual would be most appropriate for the role? "Delegated user assurance." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Use the 'Additional Information' in the Scenario Booklet to answer this question. Statement relating to the Music Album Project: Which individual would be most appropriate for the role? "Project manager." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Use the 'Additional Information' in the Scenario Booklet to answer this question. Statement relating to the Music Album Project: Which individual would be most appropriate for the role? "Project support." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Here is one item of information that will be included in the project product description for the 'album ready for launch'. Under which heading should it be recorded? 'Recorded album', 'registered artwork' and 'launch event plan' (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Here is one item of information that will be included in the project product description for the 'album ready for launch'. Under which heading should it be recorded? "The singer will give final approval of the 'artwork'." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Here is one item of information that will be included in the project product description for the 'album ready for launch'. Under which heading should it be recorded? "The 'artwork' must comply completely with relevant equality legislation." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Statement that is considered when planning the Music Album Project: Which step in PRINCE2's recommended approach to planning do they apply to? "The dependency between 'recorded sample songs' and 'signed contract' should first be identified." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Statement that is considered when planning the Music Album Project: Which step in PRINCE2's recommended approach to planning do they apply to? "The Music Album Project will have four stages" (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Statement that is considered when planning the Music Album Project: Which step in PRINCE2's recommended approach to planning do they apply to? "A workshop will be held to identify the components that will make up the 'recorded album'." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The following risk has been recorded in the risk register: "As the singer is new, there is a risk that the music album sales will not exceed the production costs, leading to the benefit no longer being achievable." In response to this risk, an alternative graphic design company will be sought to reduce costs. Here is an item of information to be included in the risk register. Under which heading of the risk register should the information be recorded? "The project manager has been instructed to search for a graphic design company that can produce the artwork more cheaply." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The following risk has been recorded in the risk register: "As the singer is new, there is a risk that the music album sales will not exceed the production costs, leading to the benefit no longer being achievable." In response to this risk, an alternative graphic design company will be sought to reduce costs. Here is an item of information to be included in the risk register. Under which heading of the risk register should the information be recorded? "If a graphic design company can be found that can produce the artwork more cheaply, production costs are predicted to be significantly reduced." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The following risk has been recorded in the risk register: "As the singer is new, there is a risk that the music album sales will not exceed the production costs, leading to the benefit no longer being achievable." In response to this risk, an alternative graphic design company will be sought to reduce costs. Here is an item of information to be included in the risk register. Under which heading of the risk register should the information be recorded? "Sales of the album will occur after the project has closed." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The launch event is planned to be held at a local hotel. A month before the event, the hotel unexpectedly has to close. Another venue is available, but it is double the cost of the original venue. Here is an action being taken in response to the loss of venue. Which role should be responsible for carrying it out? "Decide whether the impact on the project benefits of using an alternative venue, is acceptable." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The launch event is planned to be held at a local hotel. A month before the event, the hotel unexpectedly has to close. Another venue is available, but it is double the cost of the original venue. Here is an action being taken in response to the loss of venue. Which role should be responsible for carrying it out? "Obtain authority for an increase in the change budget to cover the cost of re-planning the launch event." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
The launch event is planned to be held at a local hotel. A month before the event, the hotel unexpectedly has to close. Another venue is available, but it is double the cost of the original venue. Here is an action being taken in response to the loss of venue. Which role should be responsible for carrying it out? "Manage the issue and, if approved, arrange the alternative venue." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Here is a statement relating to the Music Album Project. In which management product should this information be recorded? "When producing the 'artwork', the Graphic Designer needs to inform the singer which images have been selected." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Here is a statement relating to the Music Album Project. In which management product should this information be recorded? "An incident at the recording studio caused a delay in recording the songs. However, this will be completed within time tolerance" (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Here is a statement relating to the Music Album Project. In which management product should this information be recorded? "There were problems with the power supply at the recording studio throughout stage 2. It is recommended that the studio use an alternative power supply for future projects." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Here is an action carried out during the 'starting up a project' process. Which role should carry it out? "Decide whether the Production Manager can take on the role of project manager, given the estimated time and effort involved." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Here is an action carried out during the 'starting up a project' process. Which role should carry it out? "Seek approval from corporate management that the investment of time and money in promoting the singer is justified." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Here is an action carried out during the 'starting up a project' process. Which role should carry it out? "Review the priority of the acceptance criteria for the 'album ready for launch'." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Here is one action that is carried out as part of the 'directing a project' process. During which activity should the action occur? "Approve the work completed to record the album and the forecast to complete the 'registered artwork' and 'launch event plan'." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Here is one action that is carried out as part of the 'directing a project' process. During which activity should the action occur? "Ensure that there will be sufficient reviews after the launch event to monitor that the album sales deliver the expected profit." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Here is one action that is carried out as part of the 'directing a project' process. During which activity should the action occur? "Approve the forecast that the expected album sales will exceed the production costs, which was refined when the project plan was created." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Here is one action that takes place during the 'initiating a project' process. Which theme is being applied? "The project manager transfers the following statement: "A similar singer may be working on another album, to be released at the same time." from the daily log." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Here is one action that takes place during the 'initiating a project' process. Which theme is being applied? "The project manager documents the statement: “Funding was secured from a youth development fund, which must be used to produce the initial sample recordings.”" (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Here is one action that takes place during the 'initiating a project' process. Which theme is being applied? "The singer's agent checks the project initiation documentation to ensure that the singer's needs will be met." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Here is one action that is carried out during the 'controlling a stage' process. During which activity should this action be carried out? "The project manager updates the product description for the album cover, following a concession granted by the project board." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Here is one action that is carried out during the 'controlling a stage' process. During which activity should this action be carried out? "The project manager asks for confirmation from project support that the quality checks of the draft contract have been carried out, as reported in the checkpoint report." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
Here is one action that is carried out during the 'controlling a stage' process. During which activity should this action be carried out? "The project manager asks project support to confirm the status of the sample songs, prior to preparing the regular progress report." (Copyright © AXELOS Limited 2017, usage approved by AXELOS Limited. All rights reserved.)
5 Stars |
|
5 |
4 Stars |
|
0 |
3 Stars |
|
0 |
2 Stars |
|
0 |
1 Star |
|
0 |