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:

- A PRINCE2 project must have at least two management stages: an initiation stage and a minimum of one delivery stage.

- Stage boundaries are formal control points where the Project Board reviews progress and the Business Case to make a "go/no-go" decision.

- Detailed planning is done on a stage-by-stage basis, which is known as 'rolling wave' planning, to avoid wasted effort on long-term, uncertain plans.

- The Project Manager recommends, but only the Project Board has the authority to approve an End Stage Report and authorize the next Stage Plan.

- Management stages for project governance are distinct from technical stages for specialist work, and the exam will test your ability to differentiate them.

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