Principles (AI) Flashcards
What does PRINCE2 stand for?
PRINCE2 stands for PRojects IN Controlled Environments, version 2.
How many principles are there in PRINCE2 7th Edition?
There are 7 principles in PRINCE2 7th Edition.
True or False: The principles of PRINCE2 are flexible and can be tailored to fit the project.
True.
What is the first principle of PRINCE2?
The first principle is ‘Continued Business Justification.’
Fill in the blank: The principle of ‘Learn from Experience’ emphasizes that lessons should be __________.
recorded and acted upon.
Which principle requires that roles and responsibilities are clearly defined?
‘Defined Roles and Responsibilities.’
True or False: PRINCE2 principles can be ignored if they are deemed unnecessary for a project.
False.
What does the principle ‘Manage by Stages’ entail?
It involves dividing the project into manageable stages for better control and assessment.
Which principle focuses on the importance of involving stakeholders?
‘Stakeholder Engagement.’
Multiple Choice: Which of the following is NOT one of the 7 principles of PRINCE2? A) Continued Business Justification B) Manage by Exception C) Risk Management
C) Risk Management.
What is the principle that emphasizes the need for projects to be aligned with business objectives?
‘Continued Business Justification.’
Fill in the blank: The principle of ‘Manage by Exception’ means that management focuses on __________.
exceptional situations that deviate from plan.
Which principle encourages the organization to document lessons learned throughout the project lifecycle?
‘Learn from Experience.’
True or False: The principle of ‘Tailor to Suit the Project’ means that PRINCE2 can be adapted to the specific needs of any project.
True.
What is the main purpose of the ‘Defined Roles and Responsibilities’ principle?
To ensure clarity in who is responsible for what within the project.
Multiple Choice: Which principle emphasizes the importance of delivering projects in stages? A) Manage by Stages B) Learn from Experience C) Continued Business Justification
A) Manage by Stages.
Fill in the blank: ‘Stakeholder Engagement’ principle aims to ensure that stakeholders are __________.
involved and their interests are considered.
What does the ‘Risk Management’ principle involve?
It involves identifying, assessing, and controlling risks throughout the project.
True or False: The principles of PRINCE2 are universal and do not vary by project type.
True.
Which principle is directly related to adapting PRINCE2 to different project environments?
‘Tailor to Suit the Project.’
What is the significance of the ‘Learn from Experience’ principle in project management?
It helps improve future projects by utilizing lessons learned from past experiences.
Multiple Choice: Which principle addresses the need for ongoing justification of the project’s viability? A) Manage by Exception B) Continued Business Justification C) Learn from Experience
B) Continued Business Justification.
Fill in the blank: The principle of ‘Manage by Exception’ allows for __________.
delegation of authority to manage within set tolerances.
What is the outcome of effectively applying the ‘Defined Roles and Responsibilities’ principle?
Improved accountability and communication within the project team.
