Prince2 Foundation Exam: Minimum Requirement for Applying the Business Case Theme

Minimum Requirement for Applying the Business Case Theme

Question

Which is a minimum requirement for applying the business case theme?

Answers

Explanations

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A. B. C. D.

D.

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The Business Case theme is a critical component of PRINCE2, a project management methodology used globally. The Business Case theme is used to provide a justification for the project, which outlines why the project is being undertaken, what it aims to achieve, and how it will be achieved.

To apply the Business Case theme, the project team must ensure that the following minimum requirements are met:

C. To define the actions required to confirm the project's benefits are realized.

The Business Case theme requires that the project team develops and maintains a Business Case that justifies the project. The Business Case is a document that outlines the reasons for undertaking the project, the expected benefits, the costs, and the risks involved. It is used to ensure that the project is aligned with the organization's goals and objectives and is financially viable.

To apply the Business Case theme, the project team must define the actions required to confirm that the project's benefits are realized. This involves identifying the benefits, how they will be measured, and who will be responsible for ensuring that they are achieved. It also requires that the project team establishes a Benefits Review Plan, which outlines how and when the benefits will be reviewed to ensure that they are still valid.

A. To provide statements of actual benefits at benefits reviews is incorrect because this is a requirement for managing the benefits, which is a separate theme in PRINCE2.

B. To report on project performance at project closure is incorrect because this is a requirement for the Closing a Project process, which is part of the Processes theme in PRINCE2.

D. To monitor changes to the project plan to identify exceptions is incorrect because this is a requirement for the Change theme in PRINCE2.

In summary, the minimum requirement for applying the Business Case theme is to define the actions required to confirm the project's benefits are realized.