Project Level Tolerances

D.

In the PRINCE2 methodology, project level tolerances are set by the Project Board. The Project Board is the highest level of management within a PRINCE2 project and is responsible for overall project direction and decision-making. The Project Board is made up of three key roles: the Executive, the Senior User, and the Senior Supplier.

The Executive is responsible for ensuring that the project delivers the expected benefits to the organization, while the Senior User is responsible for ensuring that the project meets the needs of the end-users. The Senior Supplier is responsible for ensuring that the project is delivered on time, within budget, and to the required quality standards.

Together, these three roles are responsible for setting project level tolerances. Project level tolerances define the acceptable range of variation for project objectives, such as time, cost, quality, scope, and risk. The tolerances are set based on the overall objectives of the project and take into account factors such as organizational priorities, strategic goals, and available resources.

The Project Manager is responsible for managing the day-to-day activities of the project and for reporting progress to the Project Board. The Project Manager is also responsible for ensuring that the project stays within the set tolerances and for escalating any issues or risks that may impact the project objectives.

While the Project Manager may provide input to the Project Board regarding project level tolerances, it is ultimately the responsibility of the Project Board to set and manage them. In some cases, corporate, programme management, or the customer may also have input into setting project level tolerances, but the final decision rests with the Project Board.