One of the PRINCE2 principles is to ensure that projects have continued business justification
The project board is only authorised to continue while the project remains viable. If the external environment changes in a way that affects the nature and timing of the project's products the business case needs to reflect these changes.
An executive is responsible for the business case, the project manager should consult with the executive when reviewing and updating the business case in preparation for project board approval.
PRINCE2 recommends the following actions:
✔ Check whether there have been any changes to the risks tolerances and if they need to be redefined.
✔ Update the benefits review plan with the results from any benefit reviews undertaken during the stage.
✔ Examine and review appropriate documentation
✔ Revise the business case & the business review plan
✔ Update the risk register and issue register if needed.
