The agreed amount of risk budget for a project is recorded in the Risk Management Strategy document. This document outlines how risks will be managed throughout the project, including the budget set aside specifically for implementing risk responses. It provides a structured approach to managing risks, including their identification, assessment, planning responses, and the funds allocated for these activities.
PRINCE2 7 Foundation handbook and documents.

The product-based planning technique described in PRINCE2 involves four tasks: writing the Project Product Description, creating the product breakdown structure, writing product descriptions, and creating the product flow diagram. These tasks collectively help in planning the project by focusing on the products that will be delivered. References: PRINCE2 Foundation manual, PRINCE2 official resources

Explanation
Reference
https://www.greycampus.com/opencampus/prince-2-foundation/introduction-on-controlling-a-stage-process-in-p

Section: Volume B