In which product does a Project Manager define the time and cost tolerances for the work to be done by a Team Manager?
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A. B. C. D.C.
The correct answer is D. Stage Plan.
In PRINCE2 project management methodology, the Project Manager is responsible for defining the overall project management approach, setting objectives and priorities, and ensuring that the project stays on track. The Project Manager works closely with the Team Manager, who is responsible for the day-to-day management of the team performing the work.
The Stage Plan is a key product in the PRINCE2 methodology and is produced by the Project Manager. The Stage Plan defines the time and cost tolerances for the work to be done by the Team Manager. The Stage Plan is a detailed plan that outlines the work to be completed during a specific stage of the project. It includes a schedule of activities, resource requirements, and cost estimates.
The Stage Plan also sets out the tolerances for the work to be done by the Team Manager. The tolerances define the acceptable range of deviation from the plan that is allowed without the need for the Project Manager to be informed. The tolerances are agreed upon by the Project Manager and the Team Manager and are included in the Stage Plan.
Therefore, Option D - Stage Plan is the correct answer.