A project in a highly regulated industry must comply with external legal requirements. The project manager is concerned that changes in regulations during the project could affect the project's viability. According to PRINCE2, which management product should be updated to reflect the impact of regulatory changes?
Trap 1: Issue register
The Issue Register records issues that have occurred, but the question focuses on the impact of regulatory changes on the project's viability, which is a matter of business justification. The Business Case is the correct management product to update.
Trap 2: Project plan
The Project Plan describes how and when the project will deliver its products. Changes in regulations that affect viability should be reflected in the Business Case, not the Project Plan.
Trap 3: Risk register
The Risk Register records uncertain events that could affect the project. While regulatory changes could be a risk if uncertain, the question states that changes could occur, implying an impact on justification. The Business Case is the primary management product for viability.
- A
Issue register
Why wrong: The Issue Register records issues that have occurred, but the question focuses on the impact of regulatory changes on the project's viability, which is a matter of business justification. The Business Case is the correct management product to update.
- B
Project plan
Why wrong: The Project Plan describes how and when the project will deliver its products. Changes in regulations that affect viability should be reflected in the Business Case, not the Project Plan.
- C
Business case
The Business Case documents the justification for the project, including costs, benefits, and risks. A change in external regulations directly impacts the project's viability, so PRINCE2 requires the Business Case to be updated.
- D
Risk register
Why wrong: The Risk Register records uncertain events that could affect the project. While regulatory changes could be a risk if uncertain, the question states that changes could occur, implying an impact on justification. The Business Case is the primary management product for viability.