Unlocking PRINCE2 Expertise: In-Depth Webinar Hosted by Study365

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Step up your project management skills with our insightful PRINCE2 Knowledge Enhancement Webinar. Delve deeper into the core principles and themes of PRINCE2, and extract valuable insights during the interactive Q&A session with our seasoned facilitator, Franklin. Moreover, acquire exclusive study strategies to ace your certification exams, simplifying your pathway to becoming a project management maestro. Embark on an enriching learning journey with us now!

#UnlockPRINCE2Expertise #Study365Webinar #InsightsByFranklin #ElevateYourSkills #SmartLearningStrategies"
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Just hoping in to say thanks. Your video help Mr pass practitioner exam...

tanwirkhan
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You are an Amazon facilitator🎉! Thanks man!

luisalamazere
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In the business case question are option a and c not the same . Or am I reading it wrong. Please help

tanwirkhan
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The board doesnt set work package tolerances, they set project level tolerances.

As far as i understand PM would set work package tolerance so team managers keep within project level tolerances

kustomkitgymequipment
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Am confused with this question, i thought the answer should be C, since the Board have set the tolerances, the project manager does not have to set below thst, as it will result to poor quality

Question
Based on lessons from previous projects that usedthe ABC Company standard development model, the project board has set low cost and timetolerances for stage 2. As a result, the project manager plans to set very low tolerances for time and cost for all work packages to be carried out during stage 2.

Is this an appropriate application of the 'manage by exception' principle, and why?

A. Yes, because the project manager should set tolerance equally for all work packages in a
stage.
B. Yes, because setting appropriate tolerances for work packages will help keep the stage
within tolerances.
C. No, because tolerances set by the project manager should be the same as those set by
the project board.
D. No, because the project manager should divide the stage tolerances between the team
managers.

Answer: B

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