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Exam PRINCE2-Practitioner Edition 6 All Questions

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Exam PRINCE2-Practitioner topic 12 question 5 discussion

Actual exam question from PRINCE2's PRINCE2-Practitioner Edition 6
Question #: 5
Topic #: 12
[All PRINCE2-Practitioner Edition 6 Questions]

The project is now in stage 2. The Project Manager has heard about the possibility of a competitor also producing a calendar to be delivered earlier than the target date for this project. There is a threat that the early release of a competitor's calendar may weaken the impact of the MNO Manufacturing Company calendar, thereby reducing the anticipated benefits of the Calendar project.
Which 2 statements should be recorded under the Roles and responsibilities heading?

  • A. Each risk will be assigned a risk owner.
  • B. Risks exceeding the agreed project risk tolerance will be reported to the Project Board.
  • C. Risk tolerances are allocated to each stage by the Project Manager.
  • D. Project Assurance will ensure that project risks are identified, assessed and controlled according to the agreed risk management procedure.
  • E. An external consultant is to facilitate a risk identification workshop.
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Suggested Answer: BD 🗳️
by Vlad111 at Jan. 15, 2021, 7:07 p.m.

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ManikRoy
1 year, 3 months ago
Selected Answer: AD
A & D are most suitable answers. A. Each risk will be assigned a risk owner. D. Project Assurance will ensure that project risks are identified, assessed and controlled according to the agreed risk management procedure. B incorrect as project risk tolerance should be reported to corporate. C incorrect as stage tolerance is set by project Board. E this is additional help and not from project management team roles & responsibilities.
upvoted 1 times
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ravi_aws
1 year, 3 months ago
The two best answers for the "Roles and responsibilities" heading, considering the specific context of risk management, would be: A. Each risk will be assigned a risk owner. D. Project Assurance will ensure that project risks are identified, assessed, and controlled according to the agreed risk management procedure. These statements directly pertain to the assignment of responsibilities in the context of risk management within the project.
upvoted 1 times
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ameyaengg
2 years, 4 months ago
Correct answer is C&D
upvoted 1 times
ravi_aws
1 year, 3 months ago
. Risk tolerances are allocated to each stage by the Project Manager - WRONG as stage level tolerances are set by Project Board
upvoted 2 times
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pollon
3 years, 5 months ago
Based on https://prince2.wiki/management-products/risk-management-approach, I think it is C & D. B seems to go under Risk Tolerance (Appendix A.24 - Risk tolerance: defines thresholds which when exceeded require risk to be escalated to next level of mgt)
upvoted 1 times
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Alex_28
3 years, 8 months ago
no idea why "B" is correct as I would assign this to "manage by exception" principle not roles & resp.
upvoted 2 times
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WikiVicks
3 years, 8 months ago
B is not a correct answer. It is not related to Roles and Responsibilities
upvoted 3 times
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Vlad111
4 years ago
C & D seem to be the correct ones. A, B and E are related to the risk management processes.
upvoted 1 times
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