Quiz Prince2 Practitioner

1) The Chief Executive Officer (CEO) of the record company requires the cost-benefit analysis of every
project to be recorded in a document called a 'project rationale'. The executive is preparing the draft
'project rationale' as part of the pre-project phase.
Which principle is being applied, and why?

2) During the initiation stage, the Vice President stated that attendance at launch events held on Monday
evenings is low, and on previous projects this had resulted in lower album sales. As a result, the launch
event for this album will be held later in the week.
Which principle is being applied, and why?

3) Towards the end of stage 2, the project manager realized that not all of the ‘recorded sample songs' would
be completed before the end of the stage. The project manager decided to move the remaining work to
stage 3. This enabled the project manager to report that stage 2 was completed within time tolerance.
Is this an appropriate application of the 'manage by stages' principle, and why?

4) The executive has appointed the company's finance manager to provide business assurance, to monitor
whether the album sales will exceed the production costs as the project progresses through each stage.
How well does this apply the 'manage by exception' principle, and why?

5) During the 'initiating a project' process, it was decided that the sound quality of the album should be the
same, regardless of the delivery channel used. At the beginning of stage 4, the project manager agrees
this requirement with the team manager responsible for delivering the album to the different channels.
Which principle is being applied, and why?

6) During stage 3, the Music Album Project board consists of the Vice President as the executive and
senior user, with no senior supplier.
Is this an appropriate application of the 'defined roles and responsibilities' principle, and why?

7) The work package to create the 'artwork' will commence in stage 3. The graphic design company uses
their own development method to deliver products. They have appointed their Graphic Designer as the
team manager to complete this work package. The project manager will review the appointment at the
end of the stage.
Which principle is being applied by the review, and why?

8) The project is in the initiation stage. The Vice President requests that management products be
produced in the form of slides, to be presented at project board meetings. This is in line with company
policy.
Is this an appropriate application of the 'tailor to suit the project' principle, and why?

9)Here are three actions related to managing business justification for the Music Album Project.
Which role (A-F) should be responsible for each action?
Choose only one role for each action. Each role can be used once, more than once, or not at all.
Ensure that the law firm that is working on the contract between
the singer and the record company will make a profit.

10)Here are three actions related to managing business justification for the Music Album Project.
Which role (A-F) should be responsible for each action?
Choose only one role for each action. Each role can be used once, more than once, or not at all.
At a benefits review of the album launch, state whether the album
sales met the targets specified in the business case.

Here are three actions related to managing business justification for the Music Album Project.
11)Which role (A-F) should be responsible for each action?
Choose only one role for each action. Each role can be used once, more than once, or not at all.
Monitor monthly spend against the agreed budget on behalf of the
record company.

12) The Music Album Project is part of a programme to contract new singers. The 'artwork' is being produced
by an external graphic designer. The graphic designer's profit has been documented in the record
company's business case.
Is this appropriate, and why?

13) The project is in the initiation stage. When negotiating with the record company on behalf of the
singer, the singer's agent stated that this type of music represents 3% of the total music market. The
singer's agent understands the music industry and has been asked to specify how much profit the
record company should expect to make from the sales of this album.
Is this appropriate, and why?

Use the 'Additional Information' in the Scenario Booklet to answer this question.
14) Here are three roles relating to the Music Album Project.
Which individual (A-F) would be most appropriate for each role?
Choose only one individual for each role. Each individual can be used ONCE, or not at all.
Delegated user assurance.

15) Use the 'Additional Information' in the Scenario Booklet to answer this question.
Here are three roles relating to the Music Album Project.
Which individual (A-F) would be most appropriate for each role?
Choose only one individual for each role. Each individual can be used ONCE, or not at all..
Project manager.