Free Access PRINCE2.PRINCE2-Foundation.v2026-08-04.q503 Practice Test (Page 49)

What is established during the 'initiating a project' process?

A.The agreed protect acceptance criteria

B.The need for a configuration library

C.A plan for the work or project initiation

D.An understanding of the project's funding

Why does the project board review the PID during an end stage assessment?

A.To review summarized progress to date and decide what to do next with the project

B.To confirm that project controls are adequate for the remainder of the project

C.To ensure that post-project reviews of operational performance are planned

D.To notify the commissioning organization that the project has been authorized

Which is a true statement about acceptance criteria?

A.Acceptance criteria are less specific and precise than customer's quality expectations

B.Acceptance criteria should be agreed between the customer and the supplier

C.Acceptance criteria are used to produce the customer's quality expectations

D.Once agreed, acceptance criteria CANNOT be changed

Which is an objective of the Closing a Project process?

A.Assess any benefits that have already been realized

B.Produce a Benefits Review Plan to identify what benefits are expected

C.Prepare the plan for the next stage

D.Check that all benefits are realized before closing a project

What information about benefits management must be documented to meet the minimum requirements for applying the business case theme?

A.Statements of actual versus forecast benefits at reviews

B.No specific documents related to benefits are necessary

C.The senior user's responsibilities for realizing benefits

D.The management actions needed to ensure benefits are realized

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