Prince2-Foundation Exam Dumps - PRINCE2 7 Foundation written Exam

Under the 'exception management technique' in PRINCE2, the roles most likely to identify issues that exceed stage tolerances are the Project Executive and the Project Manager. The Project Manager monitors the project's progress against its plans and will identify any deviations that might breach the set tolerances. The Project Executive, being accountable for the project's overall success, also plays a crucial role in overseeing tolerance thresholds and taking appropriate actions when these are exceeded.References: (PRINCE2® 7 Foundation Handbook, AXELOS)

In PRINCE2, the 'Issue and Change Control' procedure encompasses the management of issues throughout the project lifecycle, including capturing, examining, and deciding on issues. Archiving superseded versions is part of the final step in the 'Deciding on changes' phase, where decisions are made on the issues and subsequent actions, including updates to project baselines and documentation, are implemented and archived as necessary.References: PRINCE2® 7 Foundation handbook and official resources on issue management technique.

The 'progress' practice in PRINCE2 should be used to monitor and control the performance of the project against its plans and the project's overall direction. This includes predicting whether the benefits will exceed the costs, which is crucial for evaluating the project's ongoing viability and justifying the continuation of the project based on its forecasted value to the organization.References: (PRINCE2® 7 Foundation Handbook, AXELOS)

The objectives of the 'Starting up a Project' process in PRINCE2® include giving authority to initiate the project (ensuring there is a solid foundation before significant expenditure is committed), and appointing the resources needed to undertake the initiation phase of the project. This process sets the project up for success by confirming its scope, defining how it will be managed, and allocating the necessary resources.References: = PRINCE2® 7 Foundation Training Manual and official PRINCE2® website documentation

The Project Plan in PRINCE2 identifies the management stages and timescales of a project. This plan provides an overview of how and when the project’s objectives are to be achieved, by showing the major products, activities and resources required for the project, and structuring them within a timescale. References: PRINCE2 Foundation manual, PRINCE2 official resources

A Project Manager agrees on the Work Package cost tolerances with a Team Manager. This agreement defines the acceptable cost variance within which the Team Manager can operate without needing further approval. References: PRINCE2® Foundation official study materials.

A member of the Project Board is responsible for quality assurance in PRINCE2. Quality assurance is concerned with ensuring that the project's products meet the quality requirements set out in the project and that the project adheres to the appropriate corporate, programme management, or customer quality standards. References: PRINCE2 Foundation manual, PRINCE2 official resources

PRINCE2® defines three levels of planning: Project Plan, Stage Plan, and Team Plan. The Team Plan is one of these three levels, specifically designed to manage the delivery of the work packages assigned to the team within a management stage. References: PRINCE2® Foundation official documentation and study materials.