PRINCE2 – Foundation Exam Exam

A principle of PRINCE2 states that a project has defined and agreed what?

1. Objectives and timelines

2. Roles and responsibilities

3. Budget estimates

4. Performance metrics

The correct answer is: Roles and responsibilities

In PRINCE2, one of the fundamental principles is that a project has defined and agreed roles and responsibilities. This principle emphasizes the importance of clarity in the organizational structure and accountability within a project team. When roles and responsibilities are well defined, it ensures that everyone involved in the project understands their specific duties, who they report to, and how they need to collaborate with others. This clarity helps to avoid overlap and confusion, which can lead to inefficiencies and misunderstandings during the project lifecycle. By establishing clear roles and responsibilities, PRINCE2 aims to enhance communication and ensure that decision-making processes are smooth, thus contributing to the successful delivery of project outcomes. It forms the backbone of how teams operate and supports the overall governance of the project. While the other options, such as objectives and timelines, budget estimates, and performance metrics, are certainly important aspects of project management, the principle in focus is particularly about ensuring that everyone knows their specific role in the project. This foundational element supports the effectiveness of the other components by fostering a well-organized project environment.