PRINCE2 PRINCE2 Foundation Exam Actual Questions
PRINCE2 Foundation (Page 15 )

Updated On: 12-Jul-2026

The Project Board have overall control at what level?

  1. Day-to-day control for a management stage within stage tolerance
  2. Work Package level within Work Package tolerance
  3. Project level within project tolerance
  4. All levels of plans and tolerances

Answer(s): C



What name is given to the permissible deviation allowed above and below a plan's target for time and cost without escalating the deviation to the next level of management?

  1. Concession
  2. Tolerance
  3. Contingency
  4. Allowance

Answer(s): B



If any type of issue or risk (or aggregation of them) cannot be resolved within the tolerances set by the Project Board, which of the following products would first be sent to the Project Board to inform them of this deviation?

  1. Exception Report
  2. End Stage Report
  3. Highlight Report
  4. Updated Risk and Issue Registers

Answer(s): A



Tolerance forms a key element of allowing the Project Board to manage by exception. Which of the following statements are correct regarding tolerance?
1. The Project Board sets project tolerances
2. Tolerances can be applied for Time, Cost, Scope, Quality, Benefit and Risk
3. The Project Manager sets Work Package tolerance
4. Cost tolerance should not be used to pay for authorized requests for change

  1. 1, 2, 3
  2. 1, 2, 4
  3. 1, 3, 4
  4. 2, 3, 4

Answer(s): D



When it is forecast that one or more tolerances are to be exceeded, what should happen first?

  1. The next higher level of management will begin to execute management by exception
  2. The appropriate level of management must refer the matter to the next higher level
  3. The Project Plan will be replaced by a fallback plan
  4. The appropriate level of management will automatically produce and execute an Exception Plan to recover from the deviation without referral

Answer(s): B



Which product produced by the Project Manager would contain information on 'products completed in the period'?

  1. Product Status Account
  2. Checkpoint Report
  3. Highlight Report
  4. Exception Report

Answer(s): C



Which product would the Project Manager use for gathering Work Package progress information?

  1. Highlight Report
  2. Daily Log
  3. Checkpoint Report
  4. Product Status Account

Answer(s): C



Which of the following is FALSE regarding an Exception Report?

  1. It describes a forecast deviation of stage or project level tolerance
  2. It contains recovery options and a recommendation
  3. It replaces a Stage Plan or Project Plan
  4. It describes the consequences of the deviation

Answer(s): C



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