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PRINCE2 Foundation Exam Study Guide 2008 Edition & 75 Practice Questions
Derived from
the earlier PRINCE technique, PRINCE2 was first released in 1996 as a
generic project management method. A revision was then released in 2005
by the Office of Government Commerce. There is yet another revision
coming in 2008/09.
You may think of Prince2 as a
process-based approach for PM method which follows a well structured
framework. It describes procedures to coordinate people and activities
in a project, how to design and supervise the project, and what to do if
the project has to be adjusted if it does not work out as planned.
As a process-driven PM method, PRINCE2 has become the de facto
standard for project management in the UK and in many other countries.
Certification can be obtained through passing the multiple choice based
Foundation exam and the essay based Practitioner exam.
PRINCE2
covers eight major processes, which are: i, Starting Up a Project (SU);
ii, Planning (PL); iii, Initiating a Project (IP); iv, Directing a
Project (DP); v, Controlling a Stage (CS); vi, Managing Product Delivery
(MP); vii, Managing Stage Boundaries (SB); and viii, Closing a Project
(CP). Mastery of these topics is required for passing the PRINCE2 exams.
Within these 8 processes there are 45 separate sub-processes. To
pass the exam you need to know these processes inside and out.
To become a Registered Practitioner,
you have to first sit the Foundation Exam and then the Practitioner
Exam. You are not allowed to sit the Practitioner exam without first
having passed the Foundation exam. However, you do
not have to take a course to sit the examinations
The foundation exam is a
Multiple-choice closed book exam with 75 questions. You need to gain 50%
in order to pass. Our PRINCE2 Foundation Study Guide enhances your exam readiness
for the foundation exam by
covering the various PRINCE2 theories and techniques as well as providing you
with readings on the relevant disciplines, just to ensure that you won't
get caught unprepared. By
helping you truly build up a competitive PRINCE2 mindset, your ability to pick the BEST choice out of a number of valid but inferior
choices is guaranteed.
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Table of Contents |
EXAM FORMAT
ABOUT THIS BOOK
EXAM TOPICS
EXAM REGISTRATION CONTACTS
STUDY PSYCHOLOGY & EXAM TACTICS
PROJECT
MANAGEMENT
PROJECT MANAGEMENT DEFINED
THE PRINCE2 FRAMEWORK
PROJECT MANAGER AND THE STAKEHOLDERS
TYPICAL PROJECT MANAGER RESPONSIBILITIES
PROJECT DOCUMENTATION
MAJOR PRINCE2 PROJECT STAGES
SU
PL
IP
DP
CS
MP
SB
CP
END STAGE ASSESSMENT
POST PROJECT REVIEW
THE EARLIER STAGES OF YOUR PROJECT
PROJECT SCOPE MANAGEMENT
THE PROJECT PLAN
WBS
PROJECT COORDINATION
PROJECT CONTROL
INTEGRATED CHANGE CONTROL
SCOPE CHANGE CONTROL
TIME CONTROL
PROJECT TIME MANAGEMENT
COST CONTROL
QUALITY CONTROL
CLOSING PROCESSES
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RISK MANAGEMENT
RISK MANAGEMENT DEFINED
THE RISK MANAGEMENT STEPS
RISK MANAGEMENT AND THE PROJECT MANAGER
BCP DEFINED
BCP VS BPCP VS DRP
BCP PHASES
THE RISK ASSESSMENT FLOW
RISK VS THREAT AND VULNERABILITY
IDENTIFYING RISKS
LOSS CALCULATIONS
BUSINESS IMPACT ANALYSIS DEFINED
CHANGE AND COMMUNICATION MANAGEMENT
DEFINING CHANGE MANAGEMENT
THE IMPORTANCE OF COMMUNICATION STRATEGIES IN CHANGE MANAGEMENT
CHANGE MANAGEMENT STRATEGIES
QUALITY MANAGEMENT
QUALITY ASSURANCE, CONTROL AND MANAGEMENT
TQM
SIX SIGMA
STATISTICAL PROCESS CONTROL
CONTROL CHARTS
QUALITY STANDARDS
QUALITY IN PRINCE 2
QUALITY REVIEW
PROCUREMENT MANAGEMENT
QUOTATIONS AND TENDERS
BUSINESS CONTRACTING
CONTRACT ADMINISTRATION
VENDOR MANAGEMENT
75 PRACTICE
QUESTIONS |
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SAMPLE TEXT on introducing the major PRINCE2 Project Stages
PRINCE2 covers both the project lifecycles and the necessary
pre-project prep works.
PRINCE2 has defined a bunch of sub-processes. As a PRINCE2
practitioner you should have already been familiar with those hard
facts (the bunch of sub processes and their names) so we are not
going to repeat them here. The Foundation Exam does not really test
these hard facts anyway. What you should do for exam preparation is
to make things simple and straight forward. Focus your effort on the
8 major processes, which are:
Starting Up a Project (SU)
Planning (PL)
Initiating a Project (IP)
Directing a Project (DP)
Controlling a Stage (CS)
Managing Product Delivery (MP)
Managing Stage Boundaries (SB)
Closing a Project (CP)
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SAMPLE TEXT on introducing SU and PL
As the first process in PRINCE2, it is a pre-project process for
ensuring that the pre-requisites for initiating the project are in
place. In fact, among all stages SU as a very short pre-project
stage often comes first. You first need to have a Project Mandate
established.
NOTE: You have the Project Mandate in place before PRINCE2
begins.
The project team (members of the Project Board as well as the PM) is
then appointed and a project brief is in place which describes the
overall project approach. The project board has to authorize the PL
stage here. The initiation stage plan has to be created. Note that
SU is intended to be of short duration. It is designed for ensuring
that all the necessary project pieces are in place prior to real
project start. It assumes that you already have a provisional
"Business Case" in place, although if it does not you can still have
it created right here.
At the PL stage you need to identify and analyze the
expected products. You need to then figure out the activities
required for product creation. You may estimate the effort required
for each and then schedule these activities accordingly. The
mechanisms for project control and risk management are initially
proposed and planned.
NOTE: Planning is a repeatable process. You choose the planning
tools and methods to use, and identify the products that the project
will produce. Keep in mind, planning is ALWAYS closely integrated
with the Quality systems.
NOTE: The possible types of controls in PRINCE2 are event driven and
time driven (those that take place at fixed intervals). Most of the
PRINCE2 controls are event driven.
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