PRINCE2 Foundation Practice: Manage by exception (With Mock Questions!)
Hello there, future PRINCE2 professionals! 🌟
Welcome to your revision session on PRINCE2 Foundation Practice: Manage by Exception. I'm here to help you grasp the essential concepts and ace your exam with confidence. So, let's dive in and make learning enjoyable!
Overview of Manage by Exception
Manage by Exception is a key principle in PRINCE2 that ensures efficient project management by empowering teams to make decisions within defined limits. This principle allows for higher-level management to focus on strategic issues by setting clear boundaries for performance, cost, and time.
Key Learning Items
In this session, we'll cover:
✨ The concept and importance of Manage by Exception
✨ How to establish tolerances for projects
✨ Roles and responsibilities in decision-making
✨ Real-world application of this principle
Demonstrating Your Knowledge
At the PRINCE2 Foundation level, you need to:
✔️ Understand the definition and purpose of Manage by Exception
✔️ Identify the types of tolerances (time, cost, scope, risk, quality, and benefits)
✔️ Recognize who sets these tolerances and who acts upon them
✔️ Apply this principle to scenario-based questions
Key Things to Remember Before the Exam
Before you sit for your exam, keep these tips in mind:
🔑 Understand the terminology: Make sure you're comfortable with terms like "tolerance," "exception," and "management by stages."
🔑 Focus on the roles: Know who sets the tolerances and who has the authority to manage exceptions.
🔑 Practice scenarios: Think through real-life examples where managing by exception is applied.
🔑 Stay calm and confident: You've got this! A clear mind helps recall information better.
Mock Questions
Ready to test your knowledge? Here are five multiple-choice questions to get you started:
Q1 - What is the main purpose of the Manage by Exception principle in PRINCE2?
a) To eliminate the need for a Project Manager
b) To set limits for delegated authority
c) To avoid project planning
d) To reduce project costs
Q2 - Which role is responsible for setting the project tolerances in PRINCE2?
a) Team Manager
b) Project Support
c) Project Board
d) Project Assurance
Q3 - If a stage exceeds its time tolerance, what should the Project Manager do according to PRINCE2 principles?
a) Continue without informing anyone
b) Notify the Team Manager
c) Raise an exception report to the Project Board
d) Cancel the project immediately
Q4 - Which of the following tolerances is NOT typically managed under the Manage by Exception principle?
a) Cost
b) Time
c) Team morale
d) Quality
Q5 - In PRINCE2, what is a key benefit of applying the Manage by Exception principle?
a) It reduces the need for communication within the project team
b) It allows higher management to focus on strategic issues
c) It removes the need for project planning
d) It simplifies the project documentation process
Answers and even more questions can be found in our PRINCE2 Foundation Revision Booklet
That's it for now! Keep revising, stay focused, and remember to practice these concepts until they become second nature. You've worked hard, and you're ready to succeed. Good luck, and go smash that exam! 💪📚
Stay awesome and keep learning! 🌟