Ace the PRINCE2 Foundation Blast 2025 – Unleash Your Project Power!

"Management by Exception" in PRINCE2 focuses on empowering project managers to concentrate their efforts on significant deviations from the project's plan. This principle is key in ensuring that project managers are not bogged down with minor issues, allowing them to allocate their attention and resources to areas that truly require intervention or oversight.

By identifying and managing only those variances that exceed predefined thresholds, project managers can maintain control over the project while still ensuring that routine tasks are handled effectively by the project team. This approach not only streamlines decision-making but also promotes efficiency, as it minimizes unnecessary oversight on trivial matters.

The other options describe concepts that do not encapsulate the essence of "Management by Exception." Delegating all project decisions to team members does not align with the balance of control and oversight intended in the principle. Conducting risk assessments relates to risk management procedures, while weekly project status meetings focus more on communication and tracking progress rather than the specific management style that "Management by Exception" entails.