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PRINCE2 P3O Foundation Project Office2013 Sample Questions:

1. What are risk identification and risk assessment workshops typically used for?

A) Define the relative priority of each investment objective
B) Brainstorm objectives for a project
C) Identify threats as part of project initiation
D) Define measures in a Benefit Profile

2. Which activity first occurs during the 'Define' process in the permanent P3O model lifecycle?

A) Deliver the enhanced P3O capability
B) Create an outline vision of the required changes to the P3O functions provided
C) Understand how stakeholders currently view the P3O functions provided
D) Determine in further detail the processes the P3O will operate

3. How can a P3O directly support effective teamwork between Programme Managers located in different regions?

A) Appoint a P3O Sponsor for each region
B) Implement standard collaborative tools
C) Support the fast track mobilization of programs
D) Implement the portfolio prioritization and optimization technique

4. Which is NOT a specific area where KPIs should be set as a minimum to measure a P3O model's success?

A) Improved portfolio balance in terms of overall risk
B) Enhanced contribution to strategic objectives
C) Reduced cost of skilled resources
D) Overall programme success rates in relation to benefits realization

5. Which of the following statements about how a P3O should integrate with the wider organization are true?
1. Operates independently of other functions within the organization
2. Typically relies on dedicated full-time resources to provide financial functions needed

A) Only 2 is true
B) Neither 1 or 2 is true
C) Both 1 and 2 are true
D) Only 1 is true

Solutions: