Question 88 of 200 from exam PRINCE2-PRACTITIONER: Practitioner Project Management Certification

Question 88 of 200 from exam PRINCE2-PRACTITIONER: Practitioner Project Management Certification

Question

HOTSPOT - The project has a cost tolerance of +5% I 5%, of which stage 2 has a tolerance of +45k 1-45k.

Lines 1 to 6 in the table below consist of an assertion statement and a reason statement.

For each line identify the appropriate option, from options A to E, that applies.

Each option can be used once, more than once or not at all.

Hot Area:

Assertion Reason
T | Tf stage 2 exceeds its target by £20kthe | True/False | When the Stage Plan is TrueiFalse
Stage Plan should be replaced by an updated with activities to
Exception Plan. deal with any deviations
from planned cost and
time, this is calledan
Exception Plan.
2 | The Team Plan required for the TruetFalse | Supplierassurance should | True/False
development of the service level confirm that Team Plans
agreement should be produced in are in accordance with
consultation with supplier assurance. relevant supplier standards
3 | The Stage Plan for stage 2 should be TruetFalse | All Stage Plans are TruetFalse
prepared during the initiation stage. produced near the end of
the initiation stage.
‘A final stage (stage 5), covering project | TrueFalse | The Project Plan coversall | True/False
closure, should be added to the Project management stages.
Plan.
5 | The cost tolerance planned foreach True-False | Project tolerancesforcost | True-False
stage should be +5% "5%. and time should always be
allocated equally between
all of the stages.
6| The key deliverables and estimates from | True+False | The feasibility study True-False

the feasibility study should providea
major input to the Project Brief.

should confimall project
costs.

Explanations

Assertion Reason
1 | Ifstage 2 exceeds its target by £20kthe | True/False | When the Stage Plan is True{False
Stage Plan should be replaced by an updated with activities to
Exception Plan. deal with any deviations
from planned cost and
time, this is called an
Exception Plan.
2| The Team Plan required for the TruelFalse | Supplierassurance should | True!False
development of the service level confirm that Team Plans
agreement should be produced in are in accordance with
consultation with supplier assurance. relevant supplier standards
3 | The Stage Plan for stage 2 should be True{False | All Stage Plans are TruelFalse
prepared during the initiation stage. produced near the end of
the initiation stage
A final stage (stage 5), covering project. | True/False | The Project Plan coversall | TruetFalse
closure, should be added to the Project management stages. .
Plan.
5 | The cost tolerance planned for each TruelFalse | Project tolerancesforcost | True/False
stage should be +5% "5%. and time should always be
allocated equally between
all of the stages.
6 | The key deliverables and estimates from | True+False | The feasibility study True+False

the feasibility study should providea
major input to the Project Brief.

should confimall project
costs.