PRINCE2 7 Practitioner Practice Questions - PRINCE2 7 Practitioner Certification (Version 7) Exam

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A Project Board has set a stage cost tolerance of plus or minus 5%. The Project Manager forecasts the stage will overspend by 8%. According to the 'manage by exception' principle, what must the Project Manager do?

Accept the variance silently and recover in a later stage Issue an Exception Report to the Project Board Cancel the stage immediately and close the project Reduce scope without consulting the Project Board

Correct Answer:

Issue an Exception Report to the Project Board

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