Quick Answer
The answer is Major risks and Expected benefits. These two are components of the Business Case in PRINCE2 because the Business Case is the document that justifies the project’s viability, and it must capture both the positive value (expected benefits) and the negative uncertainties (major risks) that could affect that value. On the PRINCE2 Foundation exam, this question tests your understanding of the Business Case’s mandatory contents as defined in the PRINCE2 manual, often appearing as a “select two” item designed to trip you up with plausible distractors like the project plan or options analysis, which are separate management products. A common trap is confusing the Business Case’s components with the project plan’s details; remember that the Business Case focuses on justification, not execution. For a quick memory tip, think “B.R.M.”—Benefits, Risks, and the Management stage—since the Business Case always includes expected benefits and major risks as its core justification pair.
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 TWO of the following are components of the Business Case?
Project Plan
Why wrong: The Project Plan is a separate management product.
Expected benefits
Benefits are a key part of the Business Case justification.
Major risks
Major risks are included as part of the Business Case.
Lessons Log
Why wrong: The Lessons Log is separate from the Business Case.
Options analysis
Why wrong: Options are considered but are not a separate component; the Business Case includes the selected option's details.
Answer choices
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
Expected benefits
Expected benefits and Major risks are both components of the Business Case. Options analysis, project plan, and lessons log are not.
Key principle: Answer the scenario, not the keyword: identify the specific constraint before choosing the most familiar-sounding option.
Answer analysis
For each option: why learners choose it and why it is or isn't the right answer here.
Project Plan
Why it's wrong here
The Project Plan is a separate management product.
Expected benefits
Why this is correct
Benefits are a key part of the Business Case justification.
Related concept
Read the scenario before looking for a memorised answer.
Major risks
Why this is correct
Major risks are included as part of the Business Case.
Related concept
Read the scenario before looking for a memorised answer.
Lessons Log
Why it's wrong here
The Lessons Log is separate from the Business Case.
Options analysis
Why it's wrong here
Options are considered but are not a separate component; the Business Case includes the selected option's details.
Common exam traps
Many certification questions include familiar terms but test a specific constraint. Read the exact wording before choosing an answer that is generally true but wrong for this case.
Detailed technical explanation
This question should be treated as a scenario, not a definition check. Identify the problem, the constraint and the best action. Then compare each option against those facts.
Key takeaway
Answer the scenario, not the keyword: identify the specific constraint before choosing the most familiar-sounding option.
Real-world example
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
Identify which PRINCE2F exam domain this question belongs to, then review the specific concept being tested. Practise related questions in that domain and focus on understanding why each wrong answer is tempting — not just why the correct answer is right.
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Use these pages to review the topic behind this question. This is how one missed question becomes focused revision.
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FAQ
PRINCE2 Practices — This question tests PRINCE2 Practices — Read the scenario before looking for a memorised answer..
The correct answer is: Expected benefits — Expected benefits and Major risks are both components of the Business Case. Options analysis, project plan, and lessons log are not.
Identify which PRINCE2F exam domain this question belongs to, then review the specific concept being tested. Practise related questions in that domain and focus on understanding why each wrong answer is tempting — not just why the correct answer is right.
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
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 TWO of the following are components of the Business Case?
mediumWhy A: The Business Case includes expected benefits, costs, risks, etc. Options A and E are correct components. Options B, C, and D are not standard components.
Variation 2. Which TWO of the following are components of the Business Case?
mediumWhy C: The Business Case includes reasons, options, expected benefits, dis-benefits, timescale, costs, investment appraisal, and major risks. Quality criteria and product descriptions belong to the Quality theme.
Variation 3. Which TWO of the following are components of the Business Case?
mediumWhy B: Expected benefits and major risks are key components of the Business Case. Options B and D are correct.
Variation 4. Which TWO of the following are components of the Business Case?
mediumWhy C: The Business Case includes reasons, options, expected benefits, dis-benefits, timescale, costs, investment appraisal, and major risks. Expected benefits and major risks are correct.
Variation 5. Which TWO of the following are components of the Business Case?
easyWhy B: The Business Case includes expected benefits, costs, timescales, major risks, etc. Options, investment appraisal, and dis-benefits are also components.
Variation 6. Which TWO of the following are components of the Business Case?
mediumWhy A: The Business Case includes reasons, options, expected benefits, dis-benefits, timescale, costs, investment appraisal, and major risks. Expected benefits and major risks are two of these components.
Variation 7. Which TWO of the following are components of the Business Case?
mediumWhy A: The Business Case includes expected benefits, dis-benefits, costs, timescale, risks, and investment appraisal. Options B and E are correct; A, C, and D are not standard components.
Variation 8. Which TWO of the following are components of a Business Case?
mediumWhy A: Expected benefits and major risks are key components of a Business Case in PRINCE2.
Last reviewed: Jun 21, 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.
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