Which process provides the Project Board with sufficient information for it to review the success of a completed stage and confirm continued business justification?
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The process that provides the Project Board with sufficient information to review the success of a completed stage and confirm continued business justification is "Managing a Stage Boundary."
Managing a Stage Boundary is one of the seven processes of PRINCE2 project management methodology. It is performed at the end of each stage to review the status of the current stage and decide whether to continue with the next stage or not.
The primary objective of this process is to provide the Project Board with enough information to evaluate the current stage's success and determine whether to continue with the project or not. During this process, the project team will review the project's progress to date, assess the overall performance, and identify any deviations from the planned stage plan.
The Managing a Stage Boundary process involves the following activities:
Plan the next stage: The project manager creates a detailed plan for the next stage of the project, including an updated business case, project plan, and any necessary updates to the project management approach.
Update the project management documents: The project manager updates the project management documents, including the project plan, risk register, and issue log.
Review the stage status: The project manager reviews the status of the current stage, assesses the project's performance against the planned stage plan, and identifies any deviations from the plan.
Produce the stage boundary report: The project manager produces a stage boundary report, which includes information on the current stage's performance, the updated business case, project plan, and any necessary updates to the project management approach.
Hold the project board meeting: The project manager presents the stage boundary report to the Project Board, who reviews the report and makes a decision on whether to approve the next stage of the project.
In conclusion, Managing a Stage Boundary is the process that provides the Project Board with sufficient information to review the success of a completed stage and confirm continued business justification. The process ensures that the project remains aligned with the overall business objectives and the project's continued viability is assessed at the end of each stage.