Prince2 Important Interview Questions

1. What is Prince2?

Prince2 stands for project in controlled environment. It is a process based method which is used for effective project management.

2. What are the key features of prince2?

The key features are –

• Widely organized and understood
• Can be applied to any project
• Based on management by exception
• Invaluable diagnostic tool
• Consistency and re-usability in project work.

3. Define Plan.

A plan defines –

• Risks, Resources , Communication
• Scope, Budget, Schedule, Quality

4. What are the levels of plan?

The levels of plan are:

• Project Plan
• Stage Plan
• Team Plan
• Exception Plan

5. What are the planning steps?

The Planning steps are:

• Designing the pal
• Define the products
• Identify Activities and Dependencies
• Prepare Estimates
• Prepare Schedule
• Document plan
• Identify Risks

6. What is the process model of Prince2?

The process model includes:-

• Directing a project(DP)
• Starting up a project(SU)
• Initiating a project(IP)
• Controlling a stage(CS)
• Managing a project delivery(MP)
• Managing a stage Boundary(SB)
• Closing a Project(CP)

7. What is directing a project (DP)?

It performs the following:

• Support project
• Accept Results
• Provides Management Approval

8. Which process allows non-Prince2 practices to be integrated into a Prince2 project environment when creating products?

Managing Product Delivery allows non-Prince2 practices to be integrated into a Prince2 project environment when creating products.

9. What are the two types of progress controls provided by Prince2?

The two types of progress controls provided by Prince2 are:

• Time-driven
• Event-driven

10. Which document contains the planned and actual dates for product approval and hand-over?

Product Checklist document contains the planned and actual dates for product approval and hand-over.

11. Which document defines the acceptance criteria and roles for the project?

Project Product Description document defines the acceptance criteria and roles for the project. This is created in the Starting up a Project process and used during the Closing a Project process to help verify that the project has delivered to expectations.

12. What is the objective of the Directing a Project process?

The objectives are:

• To ensure there is authority to initiate, deliver and close the project
• To ensure management direction and control are provided throughout the project and that the project remains viable
• Plans for realizing post project benefits are managed and reviewed

13. What is the purpose of the Managing Product Delivery process?

The purpose of the Managing Product Delivery process is to control the link between the Project Manager and the Team manager(s).

14. What is the primary objective of the Quality Review Technique?

The primary objective of the Quality Review Technique is to involve key interested parties in promoting wider acceptance of the product.

15. What is the purpose of a Checkpoint Report?

The purpose of a Checkpoint Report is to updates the project Manager on the status of a Work Package.

16. What are the principles of Prince2?

The principles are:

• Manage by stages
• Focus on products
• Manage by exception
• Tailor to suit the project environment
• Continued business justification
• Learn from experience
• Defined roles and responsibilities

17. Define Prince2 theme.

Prince2 Theme is as follows:

• Business case
• Progress
• Change
• Risks
• Plans
• Quality
• Organization

18. What is the use of Prince2 method?

The Prince2 method is used to address project management through the four integrated elements of principles processes, the project environment and themes.

19. What is business case?

• Revalidates the project
• Kick start the project
• Owned by the business

20. What are the types of project?

The types are:

• Compulsory
• Not for profit
• External Project
• Evolving Requirements
• Multi organization project

21. What are the activities in CP process?

The activities are:

• Prepare planned closure
• Prepare premature closure
• Handover products
• Evaluate projects
• Recommended project closure

22. What are the PRINCE2 deliverables?

The PRINCE2 deliverables are:

• Business case
• End of stage report
• Project plan
• Issue Log
• Work package
• Risk management plan

23. What are the planning approaches?

The planning approaches are:

• Work based Planning
• Deliverable / Product planning.

24. What are the activities in DP process?

The activities are:

• Authorize project closure
• Authorize a stage or Exception plan
• Authorize Initiation
• Give ad – hoc support
• Authorize the project

25. What are the activities in SU process?

The activities are:

• Appoint the executive and project manager
• Prepare business case outline
• Select project approach
• Plan Initiation stage

26. What are the risk strategies?

The risk strategies are:

• Risk tolerance
• Risk appetite
• On-going activity
• Avoid
• Seek
• Neutral