Which other management product is created when the Business case is updated during Initiating a Project?
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A. B. C. D.C.
During the Initiating a Project process in PRINCE2 methodology, the Business Case is developed or updated to provide justification and direction for the project. The Business Case describes the reasons for the project, expected benefits, costs, risks, and potential issues. It serves as a basis for decision-making throughout the project lifecycle.
When the Business Case is updated, the other management product that is created is the Benefits Review Plan (BRP). The BRP is a document that outlines the planned benefits of the project and how they will be measured, monitored, and realized. It also defines the roles and responsibilities of those involved in benefits management and outlines the steps that will be taken to ensure that the benefits are realized and sustained.
The BRP is an essential management product that helps the project team to focus on the benefits of the project and ensure that they are delivered. The Benefits Review Plan is reviewed and updated throughout the project lifecycle, ensuring that benefits are tracked and realized. In this way, the BRP helps to ensure that the project delivers value to the organization.
The other options listed in the question, such as the Post Project Review Plan, Risk Register, and Issue Register, are all important management products in PRINCE2, but they are not directly related to the updating of the Business Case. The Post Project Review Plan is developed during the Closing a Project process to review the project's performance and identify lessons learned. The Risk Register is developed in the Identify Risks process to identify and manage project risks. The Issue Register is developed in the Manage Issues process to track and manage project issues.