The 'Develop' step in the 'Business Case Management' technique within PRINCE2is where the rationale for the project is initially formulated. This includes evaluating whether current operations should continue as they are or if a change through a project could potentially enhance efficiency or effectiveness. This is the stage where strategic decisions about starting a project are made based on business justifications.References: = PRINCE27 Foundation Training Manual and official PRINCE2website documentation Top of Form

The Project Initiation Documentation (PID) is the base product against which the Project Board can assess progress, issues, and ongoing viability questions in PRINCE2. The PID includes key documents such as the Business Case, the Project Plan, and risk management information, providing a comprehensive reference for governance decisions throughout the project. References: PRINCE2 Foundation manual, PRINCE2 official resources

A risk event in PRINCE2 is described as the area of uncertainty in terms of the threat or opportunity. It specifically refers to a specific set of circumstances that may occur and impact the project if the risk materializes. This description encapsulates the nature of a risk as being either a potential threat or an opportunity based on uncertain events that might affect project objectives.
PRINCE2 7 Foundation handbook and official documents.

PRINCE2 benefits organizations and project management by promoting consistency across project work and facilitating the reuse of project assets. This includes methodologies, processes, and lessons learned which enhance efficiency and effectiveness in managing projects, thereby contributing to consistent project success and resource optimization.
= PRINCE2 7 Foundation handbook and online resources

Section: Volume B
Explanation/Reference:
Reference http://prince2.wiki/
Introduction:_The_PRINCE2_Foundation_Training_Manual#Six_variables_.2F_six_performance_targets