PRINCE2 – Foundation Exam Exam

Which is the base product against which the Project Board and Project Manager can assess progress, issues, and questions regarding ongoing viability?

1. Project Management Plan

2. Project Initiation Document

3. Risk Register

4. Business Case

The correct answer is: Project Initiation Document

The correct choice is the Business Case. The Business Case serves as the foundational document that justifies the project's existence and sets the parameters for its ongoing viability. It outlines the project's objectives, benefits, costs, risks, and the reasons it is deemed necessary. Throughout the project lifecycle, both the Project Board and the Project Manager refer to the Business Case to evaluate whether the project remains aligned with its intended benefits and overall business objectives. The Project Board uses the Business Case to assess if the project's progress and changes align with what was originally proposed and if the projected benefits are still achievable. If issues arise or progress is not as expected, the Business Case provides a reference point to guide decision-making about the project's future direction. In contrast, while the Project Management Plan lays out how the project will be executed and controlled, it does not encapsulate the strategic justification for the project. The Project Initiation Document is important for starting the project but does not serve the same ongoing assessment role as the Business Case. The Risk Register identifies and manages risks but does not address the broader business rationale for the project's ongoing viability.