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PRINCE2

PRINCE2-PRACTITIONER · Question #99

Introductory Info Additional Information A photographer from Portraits Ltd, a professional photographic company, has taken on the role of Team Manager after taking some time to understand the…

The correct answer is B. Risks exceeding the agreed project risk tolerance will be reported to the Project Board. D. Project Assurance will ensure that project risks are identified, assessed and controlled according to the agreed risk management procedure. Explanation/Reference:

Risk

Question

Introductory Info Additional Information A photographer from Portraits Ltd, a professional photographic company, has taken on the role of Team Manager after taking some time to understand the Project Manager has tried to call the photographer and has had no response. The Project Manager believes there is a risk that Portraits Ltd are overbooking work and prioritizing other clients' work. If Portraits ltd do not deliver on schedule the project will be delayed and the expected benefits will be reduced. The contract is to be reviewed and Portraits Ltd reminded of their agreement. The project is now in stage 2. The Project Manager has heard about the possibility of a competitor also producing a calendar to be delivered earlier than the target date for this project. There is a threat that the early release of a competitor's calendar may weaken the impact of the MNO Manufacturing Company calendar, thereby reducing the anticipated benefits of the Calendar project. Which 2 statements should be recorded under the Roles and responsibilities heading?

Options

  • AEach risk will be assigned a risk owner.
  • BRisks exceeding the agreed project risk tolerance will be reported to the Project Board.
  • CRisk tolerances are allocated to each stage by the Project Manager.
  • DProject Assurance will ensure that project risks are identified, assessed and controlled according to the agreed risk management procedure.
  • EAn external consultant is to facilitate a risk identification workshop.

How the community answered

(30 responses)
  • A
    7% (2)
  • B
    70% (21)
  • C
    10% (3)
  • E
    13% (4)

Explanation

Explanation/Reference:

Topics

#risk owner#risk tolerance#Project Assurance#risk management procedure

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