PRINCE2 – Foundation Exam Exam

A PRINCE2 project is planned and controlled on a stage-by-stage basis. What are the missing words in this statement?

1. Executed, overseen

2. Planned, monitored

3. Structured, finalized

4. Initiated, reviewed

The correct answer is: Planned, monitored

In PRINCE2, the methodology emphasizes a structured approach to project management, particularly focusing on the importance of managing projects in stages. The correct phrase in this scenario highlights that each stage of a project is not only planned but also monitored to ensure that it remains on track towards achieving its objectives. The emphasis on planning in PRINCE2 refers to the detailed preparation of how the stage will be executed, including defining what needs to be achieved, the resources required, and the timeline. Monitoring, on the other hand, relates to keeping track of progress and performance against the plan, allowing for adjustments as needed in response to any emerging issues or changes in the project's context. This stage-by-stage approach is critical as it allows for the management of risks and issues in a controlled manner, ensuring that stakeholders are engaged and informed throughout the project’s life cycle. It’s an essential component of the PRINCE2 methodology, which aims to ensure that projects are executed efficiently and are aligned with business objectives. The other options do not capture the specific dual focus of planning and monitoring within the context of PRINCE2 methodology. While terms like "executed" and "overseen" or "structured" and "finalized" might apply to project management in