Project Cost Plan

Business Case Costs

Question

Which plan provides the Business Case with costs during the Initiating a Project process?

Answers

Explanations

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A. B. C. D.

B.

During the Initiating a Project process in PRINCE2 (PRojects IN Controlled Environments), the plan that provides the Business Case with costs is the Initiation Stage Plan (option A).

The Initiation Stage Plan is the first stage of the PRINCE2 project management framework, where the project team creates a plan that outlines the approach, objectives, and costs of the project. This plan includes the development of the Business Case, which is a document that outlines the justification for the project and its expected benefits.

The Business Case is an essential part of the Initiation Stage Plan because it provides a basis for decision-making throughout the project's lifecycle. It is used to evaluate the project's viability, assess the expected benefits, and ensure that the project aligns with the organization's overall strategy.

The Initiation Stage Plan also includes the identification of stakeholders, the definition of project objectives, and the development of the Project Brief. The Project Brief is a document that outlines the project's scope, objectives, constraints, and deliverables.

In contrast, the Project Plan (option B) is developed during the Planning stage and provides a detailed plan for the entire project, including timelines, resources, and budget. The Stage Plan (option C) provides a detailed plan for a specific stage within the project, outlining the objectives, deliverables, and timelines. The Team Plan (option D) outlines the roles and responsibilities of the project team and their individual tasks and timelines.

In summary, during the Initiating a Project process in PRINCE2, the plan that provides the Business Case with costs is the Initiation Stage Plan.