Free Access PRINCE2.PRINCE2Foundation.v2025-11-21.q496 Practice Test (Page 7)

Question 26

Which statement defines a risk?

A.An uncertain event, or set of events that, should it or they occur, will have an effect on the achievement of objectives

B.An event that has already occurred that the Project Manager must deal with immediately

C.An uncertain event, or set of events that, should it or they occur, will be automatically escalated to the Project Board for a response

D.A certain event occurring in the future that will have a negative impact on the project's objectives

Question 27

Which is a minimum requirement for applying the risk theme?

A.Threats must be assessed for their impact on the viability of the project

B.A single role that is responsible for all risks must be defined

C.The PRINCE2 risk management procedure must be followed

D.Team managers must maintain their own risk registers

Question 28

Which PRINCE2 principle is being applied when tolerances are set for the three levels of plan?

A.Manage by stages

B.Manage by exception

C.Continued business justification

D.Learn from experience

Question 29

Who should act as the communication channel between a project and corporate or programme management?

A.Project Assurance

B.Project Board

C.Project Support

D.Project Manager

Question 30

Which describes risk probability?

A.Level of risks which the project can tolerate before escalating to the Project Board

B.A measure of the likelihood of the risk occurring

C.Timeframe within which the risk may occur

D.Probable effect on the project delivering its objectives

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