The minimum requirement for applying the PRINCE2 'Progress' theme is C. To manage by exception against tolerances set for time and cost.
Here's why this is crucial:
Efficient Control: PRINCE2 advocates for 'management by exception'. This means setting tolerances (acceptable deviations) for key performance indicators like time and cost. Regularly monitoring progress against these tolerances allows the project manager to focus on areas needing attention, escalating issues to the project board only when tolerances are exceeded.
Textbook 12.2: To be following PRINCE2, a project must, as a minimum "set tolerances and be managed by exception against these tolerances (PRINCE2’s manage by exception principle)"
The whole point about "progress" is measuring it. By recording the event and achieved work.
Other important items are Authority delegation, have a good sequence/stages, reporting and managing by exception.
But firdst, you have to measure progress (B.)
D is the correct answer. Producing highlight and end stage reports is a minimum requirement for applying the 'progress' theme in PRINCE2 methodology. The highlight report is produced at regular intervals (usually weekly) and summarizes the status of the project, including progress against the plan, issues and risks, and any changes to the plan. The end stage report is produced at the end of each stage and summarizes the outcomes of the stage, including any issues, risks, or changes that occurred during the stage.
Option C (To manage by exception against tolerances set for time and cost) is an important consideration for the 'manage by exception' principle, but it is not a minimum requirement for the 'progress' theme.
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