In PRINCE2, the Executive role is responsible for ensuring that the project is justifiable in terms of cost.
This includes making decisions about whether the project remains viable and desirable within its cost constraints. The Executive is tasked with the overall direction and management of the project from a business perspective, ensuring that it delivers value for money.References: PRINCE27 Foundation resources and materials.

Both statements are true within the PRINCE2 framework. Statement 1 is accurate as the Project Manager does have day-to-day control within the limits set by the Project Board for a management stage. Statement 2 is also correct because if a Team Manager forecasts a deviation beyond Work Package tolerances, it should indeed be referred to the Project Manager. References: PRINCE2 Foundation official study materials.

The Progress theme in PRINCE2 provides all management levels within the project management team with mechanisms for monitoring and control. It involves tracking the ongoing viability of the plans and the project's objectives, and it includes mechanisms for reporting, reviewing, and ensuring that decisions on continued investment are based on accurate information. References: PRINCE2 Foundation manual, PRINCE2 official resources

The Project Product Description is a key document in the PRINCE2 methodology that outlines the purpose, composition, derivation, and acceptance criteria of the project's main deliverable. It is crucial for defining what the project needs to deliver to be considered successful and to receive formal acceptance. References:
PRINCE2Foundation Training Manual; PRINCE22017 Foundation handbook.

In the issue and change control procedure within PRINCE2, the "Examine" step involves considering alternative options to address an issue that is being managed formally. This step is crucial for evaluating the possible responses to an issue before making a decision on the best course of action. References: PRINCE2 Foundation manual, PRINCE2 official resources