Which process has the objective of ensuring that everyone understands who is to be involved in the project's decision making?
Starting up a project
Directing a project
Initiating a project
Controlling a stage
Answer is Initiating a project
Reference:
16.2 prince2 guide - who is to be involved in the project decision-making
http://wiki.doing-projects.org/index.php/PRINCE2_-_For_successful_Project_Management
Question 342
Which factor should influence the structuring of the project into management stages?
It is used to fund all aspects of risk assessment and planning
It is used to cover the costs of implementing any contingent plans
It is used to supplement cost tolerance by funding risk activities
It is an explicit budget held outside of the overall project budget
Answer is It is used to cover the costs of implementing any contingent plans
Risk budget
This is a sum of money to fund specific management responses to the project's threats and opportunities (e.g. to cover the costs of any contingent plans should a risk materialize).
Reference:
Prince2 guide 10.3.7
Question 345
Which is a purpose of the closing a project process?
To confirm that all post implementation issues have been resolved
To approve the products created during the final management stage
To approve any changes to the project objectives in the original PID
To provide a fixed point for confirming acceptance of the project product
Answer is To provide a fixed point for confirming acceptance of the project product
What must be assessed throughout the project lifecycle, as a minimum requirement for applying the risk theme?
Project threats and opportunities
Performance of the appointed risk owners
How the risk budget is used
Probability impact grid
Answer is Project threats and opportunities
Ensure that project risks (which are basically threats or opportunities) are identified, assessed, managed and reviewed throughout the project lifecycle.