The Project Board has authorized a Stage Plan. During the stage, the Project Manager identifies a risk that could cause the stage to exceed its time tolerance. What should the Project Manager do first?
When a stage tolerance is forecast to be exceeded, the PM must escalate via an Exception Report to the Project Board.
Why this answer
According to PRINCE2's management by exception, if a tolerance is forecast to be exceeded, the Project Manager must escalate to the Project Board via an Exception Report. The PM cannot unilaterally change the plan.