PRINCE2 – Foundation Exam Exam

Which is NOT established as part of the Starting Up a Project process?

1. A plan for stakeholder engagement

2. A plan for project execution

3. A plan for how and when to measure project benefits

4. A budget outline for project activities

The correct answer is: A plan for how and when to measure project benefits

In the Starting Up a Project process, the focus is on defining the project in its initial stages to ensure that there is a viable case for proceeding. This involves establishing a clear understanding of stakeholders, project objectives, and high-level planning. A plan for stakeholder engagement is crucial at this stage to identify who the stakeholders are, their interests, and how to communicate with them throughout the project. Creating this plan ensures that the project team is aware of the influence and impact stakeholders can have on project success. Developing a plan for project execution, while also critical, typically goes beyond the scope of the Starting Up a Project process. It’s more about confirming that the project has been properly initiated and ensures all foundational elements are in place. Establishing a budget outline is part of creating a financial framework for the project, allowing for an understanding of high-level costs associated with the intended project activities. However, the aspect of measuring project benefits is generally not established during the Starting Up a Project process. While it's important to think about project benefits, benefit measurement and management usually fall under more detailed planning later in the project lifecycle. Thus, a comprehensive plan for how and when to measure the benefits of the project would be developed during the Initiating or later stages, not