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:

- The highest level, Corporate or Programme Management, commissions the project and sets overall tolerances but is not part of the day-to-day project.

- The Directing level is the Project Board, which is accountable for the project's success and makes key go/no-go decisions between stages.

- The Managing level is the Project Manager's responsibility, focusing on the day-to-day execution within the tolerances set by the board.

- The Delivering level is where Team Managers and teams create the specialist products as defined in Work Packages.

- A common exam trap is confusing roles with headcount; one person can hold multiple roles in a PRINCE2 project structure.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep