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PRINCE2 Foundation Exam (PR2F) Questions 106–110 (page: 23)

Updated On: 10-Feb-2026

Identify the missing words in the following sentence. A Change Authority may be given a [?] to enable it to finance new requirements.

  1. change budget
  2. cost tolerance
  3. risk budget
  4. scope tolerance

Answer(s): A



Which is a purpose of a Lessons Report?

  1. Improve the project management method for future projects
  2. Detail open issues and risks that need to be managed after the project has closed
  3. Compare the actual performance of the final stage against its plan
  4. Provide a summary of the benefits realized during the project

Answer(s): A



During the Initiating a Project process, which product is updated to incorporate the estimated time and costs from the Project Plan?

  1. Project Product Description
  2. Business Case
  3. Project Brief
  4. Project mandate

Answer(s): B



Which describes a risk event?

  1. The area of uncertainty in terms of the threat or opportunity
  2. The derivation or sources of a potential risk to the project
  3. The achievement of a milestone on the Project Plan
  4. The sequence of events and actions that will be put in place if a risk occurs

Answer(s): A



What product defines the reporting requirements between the Project Manager and Team Manager?

  1. Project Brief
  2. Product Description
  3. Team Plan
  4. Work Package

Answer(s): D



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