PRINCE2F PRINCE2 Practices Practice Question
Which THREE of the following are components of the Business Case?
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
✓
Major risks
In PRINCE2, the Business Case is the document that justifies the project by capturing the business justification, and it explicitly includes the expected benefits (Option D), which describe the measurable improvements or outcomes the project will deliver, and the dis-benefits (Option E), which are the negative consequences or outcomes stakeholders must accept as a trade-off. It also includes the major risks (Option A), since the Business Case must record the significant uncertainties that could affect the viability of the justification, alongside costs, timescales, and the investment appraisal. Options B and C are not components of the Business Case: the Project Plan is a separate management product within the Plans theme that defines products, activities, and resources, while Lessons learned is a separate PRINCE2 management product (or a lessons log/report) captured throughout the project rather than a constituent part of the Business Case.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Major risks
Why this is correct
Major risks form part of the Business Case because they directly affect the viability of the investment. PRINCE2 requires the Business Case to record risks that could undermine the benefits, costs or timescales, satisfying the stem's demand for a genuine component rather than a separate management product.
- ✗
Project Plan
Why it's wrong here
The Project Plan is a separate PRINCE2 product; the Business Case contains benefits, costs, risks, timescales and investment appraisal instead. It tempts because the plan's schedule and cost data feed the Business Case, but the plan itself is not one of its components.
- ✗
Lessons learned
Why it's wrong here
Lessons learned is captured in the Lessons Log and End Project Report, not as a Business Case component. It tempts because lessons inform the Business Case's rationale, yet PRINCE2 defines Business Case components as benefits, costs, risks, timescales and investment appraisal.
- ✓
Expected benefits
Why this is correct
Expected benefits form a core component of the Business Case, quantifying the forecast gains that justify continued investment. They satisfy the stem's requirement by expressing the value the project should deliver, alongside costs and risks, enabling the project board to judge whether the initiative remains desirable throughout each stage.
- ✓
Dis-benefits
Why this is correct
Dis-benefits form a required component of the Business Case, capturing negative outcomes that the project must accept. PRINCE2 mandates that the Business Case records benefits, dis-benefits, costs, risks and timescales, so the organisation can weigh whether the investment remains worthwhile. This satisfies the stem's demand for a genuine Business Case component.
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