What should set the expected success level for benefits, time, cost, quality, scope, sustainability and risk?
The expected success level for benefits, time, cost, quality, scope, sustainability, and risk in a project should be set by the project baseline. The baseline establishes the initial scope of what the project is expected to deliver, including standards and targets against which project performance can be measured. Reference: PRINCE2 7 Foundation sources on project planning and control.
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