Which statement about the 'manage by stages’ principle is CORRECT?

The 'manage by stages' principle in PRINCE2 dictates that the end of each stage provides a control point at which the project board can review progress, reassess project viability, and decide on the next steps. This approach allows for regular monitoring and decision-making, ensuring that the project remains aligned with its objectives and within its tolerances.References: PRINCE2® 7 Foundation guide on the 'manage by stages' principle.