Which other management product is created when the Business case is updated during Initiating a Project?
Which other management product is created when the Business case is updated during Initiating a Project?
When the Business Case is updated during the 'Initiating a Project' process in PRINCE2, the Benefits Review Plan is also created. The Benefits Review Plan defines how and when the project's benefits will be measured and evaluated over time. This ensures that the project's objectives and intended benefits are clearly established and can be monitored effectively.
Figure 16.9 (p209) shows that the Benefits Management Approach is Created and the same time the Detailed Business Case is created (so the original Business Case is updated to make it the Detailed one).
I think it should be "Update the benefits management approach" - Page 418 19.4.3
In PRINCE2, when the Business Case is updated during the Initiating a Project process, the Benefits Review Plan is also created. The purposes are: Business Case - To re-validate the reasons for doing the project Benefits Review Plan - To define how project benefits will be measured
Ref Table 16.8