According to the 'exception management' technique, the team manager should raise an issue when they predict that a product will cause a work package to exceed its time tolerance. This proactive approach allows for timely decision-making and corrective action by the Project Board, ensuring that project delivery is kept on track and within the agreed tolerances. References: PRINCE2 methodology and exception management guidance.

A risk actionee in PRINCE2 is responsible for managing, monitoring, and controlling all aspects of a specifically assigned risk. This role includes planning and implementing appropriate risk responses and ensuring that the risk is handled effectively throughout its lifecycle in the project.References: PRINCE2 Foundation Manual

Product-based planning in PRINCE2 focuses on defining and understanding the project's outputs or products.
This method helps in determining the project's approach by clarifying what products must be delivered, thus guiding the planning of activities and resources needed to create these products. It ensures that the project's structure and execution strategy are aligned with delivering tangible, well-defined outcomes.
PRINCE2 7 Foundation resources on product-based planning.