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Exam PRINCE2-Practitioner Edition 6 All Questions

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Exam PRINCE2-Practitioner topic 12 question 8 discussion

Actual exam question from PRINCE2's PRINCE2-Practitioner Edition 6
Question #: 8
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 Risk tolerance heading?

  • A. Corporate management's threshold level of risk exposure is any combination of high and very high impact and probability.
  • B. The Project Board's threshold level of risk exposure is any combination of medium, high and very high impact, with high and very high probability.
  • C. The Project Manager's threshold level of risk exposure is low impact and probability.
  • D. The cost of all fallback plans must be contained within the project's tolerance.
  • E. The risk budget will have a tolerance of +/~ 10%.
Show Suggested Answer Hide Answer
Suggested Answer: BD 🗳️
by MortenC at Feb. 15, 2023, 10:14 a.m.

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ManikRoy
1 year, 1 month ago
Selected Answer: AB
Agree with others in discussion section. A & B looks reasonable as per Figure 10.4 Example of a summary risk profile
upvoted 1 times
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ravi_aws
1 year, 1 month ago
nder the “Risk Tolerance” heading, the two statements that should be recorded are: Statement A: Corporate management’s threshold level of risk exposure is any combination of high and very high impact and probability. This statement defines the risk tolerance level for corporate management, which is crucial for understanding their risk appetite. Statement B: The Project Board’s threshold level of risk exposure is any combination of medium, high and very high impact, with high and very high probability. This statement outlines the risk tolerance level for the Project Board, which is important for decision-making regarding risk responses. These two statements provide clear definitions related to risk tolerance for different roles within the project, which is essential for effective risk management. Understanding the risk tolerance can help in planning and preparing appropriate responses
upvoted 1 times
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Carpediempyy
1 year, 2 months ago
B bcs of the Figure 10.4 Example of a summary risk profile
upvoted 2 times
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MortenC
1 year, 9 months ago
Selected Answer: AB
A24 page 328
upvoted 1 times
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