Which of the following statements is true about a PRINCE2 project?
  1. It has no products.
  2. It has a finite lifespan.
  3. It contains responsibilities assigned to specific people.
  4. Its objectives can be redefined at any time.
Explanation
Answer: B - It has a finite lifespan. A PRINCE2 project can never be open-ended.

Key takeaway: A PRINCE2 project is defined as a temporary organization that is created for the purpose of delivering one or more business products, according to an agreed business case. An open-ended project is simply not possible within the PRINCE2 framework, and would make tasks such as defining objectives and measuring benefits almost impossible.
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