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Exam PRINCE2-Foundation topic 1 question 482 discussion

Actual exam question from PRINCE2's PRINCE2-Foundation
Question #: 482
Topic #: 1
[All PRINCE2-Foundation Questions]

According to the ‘manage by exception’ principle, which statement about tolerances is CORRECT?

  • A. Whenever authority is delegated to the project manager, the project board should set tolerances for the stage
  • B. Whenever there is a forecast to exceed a tolerance, it should be escalated to the project board
  • C. Whenever there is a forecast to exceed a tolerance, it should be resolved at the next monthly project board meeting
  • D. Whenever authority is delegated to the team manager, the focus should be on delivering within time and cost tolerances
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Suggested Answer: A 🗳️

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skillfulsatellite
1 day, 8 hours ago
Selected Answer: B
This aligns with the ‘manage by exception’ principle, which means that if there is a forecast that a tolerance will be exceeded, it should be escalated to the appropriate management level (in this case, the project board) for decision-making.
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Examcollectorthanos
5 days, 11 hours ago
Mod Please change this is wrong;
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Examcollectorthanos
5 days, 11 hours ago
A is WRONG correct answers is B!! Why the other options are incorrect: A. Whenever authority is delegated to the project manager, the project board should set tolerances for the stage: While tolerances are important for delegation, they are not only set when delegating to the project manager. They are set for all six aspects of project performance.   C. Whenever there is a forecast to exceed a tolerance, it should be resolved at the next monthly project board meeting: Escalation should happen as soon as a potential tolerance breach is identified, not wait for a scheduled meeting. D. Whenever authority is delegated to the team manager, the focus should be on delivering within time and cost tolerances: While time and cost are important, tolerances should be set for all six aspects of project performance, not just time and cost.
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