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Exam PRINCE2-Foundation topic 1 question 1 discussion

Actual exam question from PRINCE2's PRINCE2-Foundation
Question #: 1
Topic #: 1
[All PRINCE2-Foundation Questions]

Which product records any project outcomes perceived as negative by stakeholders?

  • A. Business Case
  • B. Project Plan
  • C. Communication Management Strategy
  • D. Project Product Description
Show Suggested Answer Hide Answer
Suggested Answer: A 🗳️

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peppe
2 years, 6 months ago
business case: " Expected dis-benefits The impact of one or more outcomes of the project might be perceived as negative by one or more stakeholders."
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peppe
2 years, 6 months ago
Businecc case "define the management actions that will be put in place to ensure that the project’s outcomes are achieved and confirm that the project’s benefits are realized "
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Martin77
2 years, 11 months ago
The answer should be Business Case, as really the dis-benefits are outcomes which are perceived as negative and are recorded in the Business Case. Business Case is both a theme and a product. Reference 6.2 prince manual: PRINCE2 requires that two products are produced and maintained for the business case theme: • B s ness .ase Provides the costs, benefits, expected dis-benefits, risks and timescales against which viability is justified and continuing viability is tested. It is acceptable to use an alternative document such as a corporate business plan to replace the business case for part of the project lifecycle. Be e s anag men approacn Defines the management actions that will be put in place to ensure that the project's outcomes are achieved and confirm that the project's benefits are realized.
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theotenis
2 years, 11 months ago
The correct answer is B : Business Case. Please refer to section A.2.2. of Appendix A ("Managing successful projects with PRINCE2"): "Expected dis-benefits The impact of one or more outcomes of the project might be perceived as negative by one or more stakeholders. Dis-benefits are actual consequences of an activity whereas, by definition, a risk is uncertain and may never materialize. For example, a decision to merge two elements of an organization onto a new site may have benefits (e.g. better joint working), costs (e.g. expanding one of the two sites) and dis benefits (e.g. drop in productivity during the merger). Dis-benefits need to be valued and incorporated into the investment appraisal."
upvoted 2 times
theotenis
2 years, 11 months ago
* The correct answer is A : Business Case.
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vladwerewolf
3 years ago
Discussed wit colleague. It is D. hobokabobo is right.
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vladwerewolf
3 years ago
Answer B sounds more logical: "...so the Project Board can be asking “how are we doing compared to the original project plan?” https://prince2.wiki/management-products/plan/
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Farbod
3 years, 1 month ago
Business Case is a Theme not a management product, correct answer is "D"
upvoted 1 times
theotenis
2 years, 11 months ago
Business Case is a Management product as well, listed under the "Types of Management Products" : A.2 entry from Appendix A
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theotenis
2 years, 11 months ago
The correct answer is A : Business Case. Please refer to section A.2.2. of Appendix A ("Managing successful projects with PRINCE2"): "Expected dis-benefits The impact of one or more outcomes of the project might be perceived as negative by one or more stakeholders. Dis-benefits are actual consequences of an activity whereas, by definition, a risk is uncertain and may never materialize. For example, a decision to merge two elements of an organization onto a new site may have benefits (e.g. better joint working), costs (e.g. expanding one of the two sites) and dis benefits (e.g. drop in productivity during the merger). Dis-benefits need to be valued and incorporated into the investment appraisal."
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hobokabobo
3 years, 9 months ago
D. Project product description. It contains customer quality expectations and acceptance criteria. I understand that buisiness case needs to be updated if negative outcomes realized - but the description what is perceived as a negative outcome sounds more like product description.
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rvnaresh
4 years, 1 month ago
The justification for an organizational activity (project), which typically contains costs, benefits, risks and timescales, and against which continuing viability is tested.
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rvnaresh
4 years, 1 month ago
Business Case
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