Which level of management in the project management team has the ability to review progress
and decide whether to continue, change or stop the project?

There should be at least two management stages in a PRINCE2 project. Which of the following
options describes those stages?

Please refer to section 10.3.2.1 in the PRINCE2 Manual. (Exception Plans are only produced if
requested by the Project Board. Team Plans and the use of seperate people as Team Managers
are optional in PRINCE2)

The Project Board have overall control at what level?

What name is given to the permissible deviation allowed above and below a plan’s target for time
and cost without escalating the deviation to the next level of management?

If any type of issue or risk (or aggregation of them) cannot be resolved within the tolerances set by
the Project Board, which of the following products would first be sent to the Project Board to inform
them of this deviation?

Tolerance forms a key element of allowing the Project Board to manage by exception. Which of
the following statements are correct regarding tolerance?
1. The Project Board sets project tolerances
2. Tolerances can be applied for Time, Cost, Scope, Quality, Benefit and Risk
3. The Project Manager sets Work Package tolerance
4. Cost tolerance should not be used to pay for authorized requests for change

When it is forecast that one or more tolerances are to be exceeded, what should happen first?

Which product produced by the Project Manager would contain information on ‘products
completed in the period’?

Which product would the Project Manager use for gathering Work Package progress information?