- A
Expected benefits
Why wrong: Expected benefits are a component of the Business Case.
- B
Risk Register
The risk register is a separate document.
- C
Investment appraisal
Why wrong: Investment appraisal is a component of the Business Case.
- D
Major risks
Why wrong: Major risks are included in the Business Case.
Question 401 of 1,731
PRINCE2 Business Case Components: What Must Be Included?
This PRINCE2F practice question tests your understanding of prince2 practices. Read the scenario carefully and evaluate each option against the stated constraints before committing to an answer. After answering, compare your reasoning against the explanation and wrong-answer breakdown below. Once you have made your selection, read the full explanation to reinforce the concept and understand why each distractor is designed to mislead on exam day.
Which of the following is NOT a component of the Business Case?
Clue words in this question
Noticing these words before you look at the options changes how you read each choice.
Clue:
"NOT"Why it matters: Negative qualifier — you are looking for the one option that does NOT apply. Most options will be true; only one is false for this scenario.
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Risk Register
The Business Case in PRINCE2 is a document that justifies the project's initiation and continued viability. It contains components such as Expected Benefits, Investment Appraisal, and Major Risks. The Risk Register is a separate management product used to record and track identified risks, not a component of the Business Case itself.
Key principle: Answer the scenario, not the keyword: identify the specific constraint before choosing the most familiar-sounding option.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Expected benefits
Why it's wrong here
Expected benefits are a component of the Business Case.
- ✓
Risk Register
Why this is correct
The risk register is a separate document.
Clue confirmation
The clue word "NOT" in the question point toward this answer.
Related concept
Read the scenario before looking for a memorised answer.
- ✗
Investment appraisal
Why it's wrong here
Investment appraisal is a component of the Business Case.
- ✗
Major risks
Why it's wrong here
Major risks are included in the Business Case.
Common exam traps
Common exam trap: answer the scenario, not the keyword
The trap here is confusing the 'Major Risks' section within the Business Case (which summarizes key risks) with the separate 'Risk Register' management product, leading candidates to incorrectly think the Risk Register is part of the Business Case.
Detailed technical explanation
How to think about this question
The Business Case is developed during the Initiating a Project process and is maintained throughout the project. It includes the 'Reasons' (justification), 'Expected Benefits', 'Investment Appraisal', and 'Major Risks' (which are a summary of key risks, not the full Risk Register). The Risk Register, by contrast, is a detailed log of all identified risks, their probability, impact, and response plans, and is updated continuously during the project. In PRINCE2, the Business Case is owned by the Senior User, while the Risk Register is owned by the Project Manager.
KKey Concepts to Remember
- Read the scenario before looking for a memorised answer.
- Find the constraint that changes the correct option.
- Eliminate answers that are true in general but not in this case.
TExam Day Tips
- Watch for words such as best, first, most likely and least administrative effort.
- Review why wrong options are wrong, not only why the correct option is correct.
Key takeaway
Answer the scenario, not the keyword: identify the specific constraint before choosing the most familiar-sounding option.
Real-world example
How this comes up in practice
A practitioner preparing for the PRINCE2F exam encounters this exact type of scenario on the job. The correct answer here is not the most general option — it is the best answer for the specific constraint described. Answer the scenario, not the keyword: identify the specific constraint before choosing the most familiar-sounding option. Real exam questions reward reading the full scenario before eliminating options, because the constraint defines which answer fits.
What to study next
Got this wrong? Here's your next step.
Identify which exam domain this question belongs to, review the core concept, then practise similar questions from the same domain.
- →
PRINCE2 Practices — study guide chapter
Learn the concepts, then practise the questions
- →
PRINCE2 Practices practice questions
Targeted practice on this topic area only
- →
All PRINCE2F questions
1,731 questions across all exam domains
- →
PRINCE2 Foundation study guide
Full concept coverage aligned to exam objectives
- →
PRINCE2F practice test guide
How to use practice tests most effectively before exam day
Related practice questions
Related PRINCE2F practice-question pages
Use these pages to review the topic behind this question. This is how one missed question becomes focused revision.
Overview of PRINCE2 and Principles practice questions
Practise PRINCE2F questions linked to Overview of PRINCE2 and Principles.
Business Case and Organizing practice questions
Practise PRINCE2F questions linked to Business Case and Organizing.
Project Initiation and Stages practice questions
Practise PRINCE2F questions linked to Project Initiation and Stages.
Overview of PRINCE2 and the project environment practice questions
Practise PRINCE2F questions linked to Overview of PRINCE2 and the project environment.
People: organizations, teams, and leadership practice questions
Practise PRINCE2F questions linked to People: organizations, teams, and leadership.
PRINCE2 Practices practice questions
Practise PRINCE2F questions linked to PRINCE2 Practices.
PRINCE2 Processes practice questions
Practise PRINCE2F questions linked to PRINCE2 Processes.
PRINCE2F fundamentals practice questions
Practise PRINCE2F questions linked to PRINCE2F fundamentals.
PRINCE2F scenario practice questions
Practise PRINCE2F questions linked to PRINCE2F scenario.
PRINCE2F troubleshooting practice questions
Practise PRINCE2F questions linked to PRINCE2F troubleshooting.
Practice this exam
Start a free PRINCE2F practice session
Short sessions build daily habit. Longer sessions build exam-day stamina. Try a timed session to simulate real conditions.
FAQ
Questions learners often ask
What does this PRINCE2F question test?
PRINCE2 Practices — This question tests PRINCE2 Practices — Read the scenario before looking for a memorised answer..
What is the correct answer to this question?
The correct answer is: Risk Register — The Business Case in PRINCE2 is a document that justifies the project's initiation and continued viability. It contains components such as Expected Benefits, Investment Appraisal, and Major Risks. The Risk Register is a separate management product used to record and track identified risks, not a component of the Business Case itself.
What should I do if I get this PRINCE2F question wrong?
Identify which exam domain this question belongs to, review the core concept, then practise similar questions from the same domain.
Are there clue words in this question I should notice?
Yes — watch for: "NOT". Negative qualifier — you are looking for the one option that does NOT apply. Most options will be true; only one is false for this scenario.
What is the key concept behind this question?
Read the scenario before looking for a memorised answer.
About these practice questions
Courseiva creates original exam-style practice questions with explanations and wrong-answer analysis. It does not publish real exam questions, exam dumps, or protected exam content. Learn why practice questions differ from exam dumps →
Same concept, more angles
8 more ways this is tested on PRINCE2F
These questions test the same concept from different angles. Work through them to make sure you can recognise it however the exam phrases it.
Variation 1. Which of the following is NOT a component of the Business Case?
easy- A.Expected benefits
- ✓ B.Project Plan
- C.Investment appraisal
- D.Major risks
Why B: The Business Case components include reasons, options, expected benefits, dis-benefits, timescale, costs, investment appraisal, and major risks. The Project Plan is a separate management product.
Variation 2. Which of the following is NOT a component of the Business Case?
medium- A.Expected benefits
- B.Major risks
- ✓ C.Product description
- D.Investment appraisal
Why C: The Business Case components include reasons, options, expected benefits, dis-benefits, timescale, costs, investment appraisal, and major risks. A product description is part of product-based planning, not the Business Case.
Variation 3. Which of the following is NOT a component of the Business Case?
easy- A.Investment appraisal
- ✓ B.Risk Register
- C.Major risks
- D.Expected benefits
Why B: The Business Case includes reasons, options, benefits, dis-benefits, timescale, costs, investment appraisal, and major risks. The Risk Register is separate.
Variation 4. Which of the following is NOT a component of the Business Case?
medium- A.Investment appraisal
- B.Major risks
- C.Expected benefits
- ✓ D.Risk Register
Why D: The Business Case includes reasons, benefits, dis-benefits, costs, timescale, risks, etc. The Risk Register is a separate document.
Variation 5. Which of the following is NOT a component of the Business Case?
easy- ✓ A.Quality Register
- B.Expected benefits
- C.Dis-benefits
- D.Major risks
Why A: The Business Case includes: reasons, options, expected benefits, dis-benefits, timescale, costs, investment appraisal, and major risks. The Quality Register is a separate document used for tracking quality activities.
Variation 6. Which of the following is NOT a component of the Business Case?
medium- A.Major risks
- B.Investment appraisal
- C.Expected benefits
- D.Project Plan
Why : The Business Case in PRINCE2 includes reasons, options, benefits, dis-benefits, costs, timescale, investment appraisal, and major risks. The Project Plan is not a component of the Business Case; it is a separate management product that describes how and when the project's objectives are to be achieved.
Variation 7. Which THREE of the following are typical components of a Business Case?
hard- ✓ A.Major risks
- B.Project Initiation Documentation
- ✓ C.Investment appraisal
- ✓ D.Expected benefits
- E.Project management team roles
Why A: Options A, C, and D are correct. A Business Case typically includes reasons, expected benefits, dis-benefits, costs, timescales, major risks, and investment appraisal. Option B is incorrect because the PID is a separate document that contains the Business Case but is not itself a component of the Business Case. Option E is incorrect because team roles are part of the Organising practice.
Variation 8. Which THREE of the following are components of the Business Case?
medium- ✓ A.Major risks
- ✓ B.Expected benefits
- C.Project approach
- ✓ D.Investment appraisal
- E.Benefits review plan
Why A: Option A is correct because 'Major risks' are a formal component of the PRINCE2 Business Case. The Business Case must document the key risks that could affect the project's viability, ensuring that decision-makers understand the uncertainties before committing resources.
Keep practising
More PRINCE2F practice questions
- Which TWO of the following statements about the Quality Review technique are correct?
- A project is in its closing stage. The business case shows that all planned benefits have been realized. What should the…
- Which THREE of the following are PRINCE2 principles?
- A project manager is assigned to a project where the executive is often unavailable. Which role can act as a substitute…
- A project is initiating and the Business Case shows a cost-benefit ratio of 1:1.2. The project board is concerned. What…
- Which management product is used to capture lessons during the Initiation Stage?
Last reviewed: Jul 4, 2026
This PRINCE2F practice question is part of Courseiva's free PeopleCert certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the PRINCE2F exam.
Question Discussion
Share a tip, memory trick, or ask about the reasoning behind this question. Do not post real exam questions, leaked content, braindumps, or copyrighted exam material. Comments are moderated and may be removed without notice.
Sign in to join the discussion.