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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 Highlight Report in PRINCE2 is used by the Project Manager to review the performance of a Work Package against its cost tolerance, among other factors. This report provides the Project Board with a summary of the stage status, and is a key tool for monitoring overall project progress, including financial performance. References: PRINCE2 Foundation manual, PRINCE2 official resources

The Organization theme does not include defining the level of tolerance for each level of the project management team. Tolerance levels are typically set within the Plans theme, which deals with how the project is structured in terms of stages and the delegation of authority within those tolerances. The Organization theme primarily focuses on defining roles and responsibilities. References: PRINCE2® Foundation official study guide and materials.

The risk response type "Transfer" is applicable to both threats and opportunities. This response involves transferring the ownership of the risk to a third party who is better able to manage the risk, thus applying to both positive and negative risks. References: PRINCE2® Foundation Training Manual; PRINCE2® 2017 Foundation handbook.