PRINCE2 – Foundation Exam Exam

When is the Stage Plan for project initiation produced?

1. After project board approval

2. Before project closure

3. Before the Project Board authorizes the initiation of the project

4. During project execution

The correct answer is: Before the Project Board authorizes the initiation of the project

The Stage Plan for project initiation is produced before the Project Board authorizes the initiation of the project because it serves as a detailed roadmap for the initial phase of the project. At this stage, the project manager outlines the objectives, scope, resources, timelines, and risks associated with the initiation phase. All of this information is necessary for the Project Board to make an informed decision about whether to approve the project and provide the necessary funding and resources. Creating the Stage Plan prior to the Project Board's authorization ensures that all project stakeholders have a clear understanding of what to expect during the initiation and allows for any adjustments to be made based on the Board's feedback or concerns. It also aligns with PRINCE2's emphasis on structured planning and governance, ensuring that projects are well-managed right from the start. In contrast, the other options represent stages of the project management process where the Stage Plan would not be appropriately produced. It cannot be created after project board approval, as the plan must be in place first to facilitate that approval. It also does not occur before project closure, or during project execution, as those phases involve different aspects of project management that do not directly concern the planning of the initiation stage.