PRINCE2 Exam Prep 37, Exception Reports and Exception Management
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
- An Exception Report is triggered by a forecast that tolerances will be breached, not after the breach has already happened.
- The Project Manager's primary role is to produce the Exception Report, detailing the cause, impact, options, and a clear recommendation.
- Once an exception is reported, the Project Manager's authority to act stops, and the Project Board takes over decision-making.
- The Project Board's options include approving a change, requesting an Exception Plan, or prematurely closing the project.
- An approved Exception Plan replaces the current Stage Plan for the remainder of that stage, not the entire Project Plan.
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Business Exam Prep
Business Exam Prep is a free, daily podcast by OpenExamPrep covering the most in-demand business and management certification exams — including PMP, CAPM, Six Sigma, FPC (Payroll), CMP, and more. Each 5-minute episode breaks down one exam topic with concrete examples, common exam traps, and memory tricks to help you pass on your first attempt. No fluff, no filler — just the concepts you need to know, explained the way the exam tests them. This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP designation. He is passionate about opening access to high-quality exam preparation for everyone. For free practice questions, AI-powered explanations, flashcards, and full study guides, visit https://open-exam-prep.com/ Subscribe and listen daily — your certification is closer than you think.
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