You will learn that the project’s performance target sets the expected success level against which the management of the project will be judged. PRINCE2 includes performance targets for benefits, cost, time, quality, scope, sustainability, and risk. Priorities should be established by agreeing on the project’s performance targets.
Some performance targets may have a narrow tolerance, yet others may have a broader tolerance. The agreement of performance targets and their tolerances is a prerequisite for exploring options and determining the project approach.
All seven project performance targets and their tolerances are used throughout the PRINCE2 method as the basis for control.