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The risk response type 'Exploit' is specifically designed to ensure that the opportunity is realized. This response is proactive and aims at making changes to exploit the opportunity fully, which aligns with managing opportunities within PRINCE2 risk management. Reference: PRINCE2 Foundation Training Manual; PRINCE2 2017 Foundation handbook.

The six aspects of project performance to be managed, as outlined in PRINCE2, are benefits, costs, timescales, scope, quality, and risk. Managing these aspects helps ensure that the project delivers its intended outputs while adhering to predetermined constraints and achieving desired outcomes. Reference: = PRINCE2 7 Foundation handbook and online resources

The minimum requirement for applying the Quality Theme in PRINCE2 is to define the project's approach to quality assurance. This includes establishing how the project will ensure that it meets the relevant quality standards and stakeholder expectations. Quality assurance is an integral part of the overall quality management strategy, which includes quality planning, quality control, and continual improvement practices. Reference: PRINCE2 Foundation Manual

The Project Board should refer to corporate or programme management for decisions when it is forecast that the project level tolerance will be exceeded. This scenario typically triggers an exception process as the predefined tolerances are fundamental limits within which the Project Board allows the Project Manager to manage the project. Reference: PRINCE2 Foundation official study guide and materials.

In PRINCE2, the collective name for individuals or groups who may be affected by or can influence a project is 'Stakeholders.' This includes a wide range of people such as customers, users, team members, and suppliers, each of whom has an interest in the project's successful execution and outcomes. Reference: PRINCE2 Foundation manual, PRINCE2 official resources

The 'Managing Product Delivery' process in PRINCE2 is where the specified quality methods are applied to ensure that a product meets its quality criteria. This process focuses on the acceptance, execution, and delivery of the project's products, ensuring that they are produced to the defined quality standards as part of the overall project delivery. Reference: = PRINCE2 7 Foundation Training Manual and official PRINCE2 website documentation

In PRINCE2, baselines are used to establish a reference point for the agreed state of products, against which actual progress can be compared and managed. By requesting a report to check for conflicts between the agreed and actual states of products, the project manager is effectively applying the concept of baselines within issue management. This helps in identifying deviations from the agreed deliverables and initiating corrective actions to address these discrepancies. Reference: (PRINCE2 7 Foundation Handbook, AXELOS)

The objectives of the 'Starting Up a Project' process include providing an interface between the corporate or program environment and the project (objective 1) and providing business justification for initiating the project (objective 4). This process ensures that the project is viable and worthwhile before further resources are committed and that there is a clear link to corporate strategies and ongoing work. Reference: (PRINCE2 7 Foundation Handbook, AXELOS)

Reviewing the project product description to identify detailed requirements for each product aligns with the step of 'Describing the Quality Management Approach' in the quality management technique. This step involves defining how quality will be managed and controlled throughout the project, ensuring that all product requirements are understood and planned for in accordance with the project's quality expectations. Reference: PRINCE2 7 Foundation guide on quality management.

A fundamental assumption in the PRINCE2 framework regarding the customer/supplier environment is that the customer will specify the desired result. This assumption underlines the relationship where the customer defines what they want to achieve from the project, and the supplier provides the resources and expertise to deliver the project's outputs that meet these specifications. Reference: PRINCE2 Foundation Manual

Verification and audit is a typical core activity within configuration management according to PRINCE2. This activity involves checking that products meet their requirements and are appropriately approved, and ensuring that all items are correctly accounted for, controlled, and both physically and logically consistent throughout the project lifecycle. Reference: PRINCE2 Foundation Training Manual, PRINCE2 official website