A PRINCE2 project must have business justification; therefore, each project should have a business case that shows that the project is value for money. This will of course depend on the project and the environment you are working in. A process is a structured set of activities designed to accomplish a specific objective. Each layer does the following: An exception is a situation where it can be forecast that there will be a deviation beyond the agreed tolerance levels. Which is one of the six aspects of project performance that neâ¦ What theme ensures the project is desirable, viable and achievâ¦ What process is triggered by the project manager's request toâ¦ Without a plan, there can be no control as you have no baseline to compare your progress to. The purpose of the quality theme is to setup and implement a system that will create and verify that products are fit for use and meet user requirements. 2. early 1980s: CCTA (Central Computer and Telecommunications Agency in the UK) licenses the PROMPT Methodology. The exam question base is updated hourly. The official PRINCE2 Manual for the Project Manager is an excellent reference manual but can be rather difficult to pick up and read if you are new to both project management and PRINCE2. The act of planning helps the project PM and the rest of the project management team think ahead and avoid duplication, omissions, threats and other planning issues. Configuration item: A configuration item is the name given to an entity (or item) that is managed by configuration management. So, this principle answers the questions “What is expected of me?”, “What can I expect from others?” and “Who makes what decisions?”, Full article about the defined roles and responsibilities principle. one bite at a time (this is just an expression). The PRINCE2 risk theme provides an approach to manage risk in a project. A lessons log is kept updated for this purpâ¦ This confirms that there is a justifiable reason to begin the project which, though it may evolve, should be valid throughout its life. 7 PRINCIPLES Continued Business Justification: (why to start, why to continue) LEARN from experience. Manage by Exception: A PRINCE2 project has defined tolerances (6 aspects above) for each project objective, to establish limits of delegated authority. How much will it cost to deliver the products and the project? Feb 6, 2013 - The Six aspects of Project Performance â Prince2 PRINCE2 project definition: A project is a temporary organization that is created for the purpose of delivering one or more business products according to an agreed business case. Get PRINCE2-Foundation PRINCE2 Foundation by PRINCE2 actual free exam Q&As to prepare for your IT certification. PROMPT stands for Project, Resource, Organization, Management, and Planning Technique. The PRINCE2 processes address the flow of the project, in other words, the processes guide you through the typical activities that you need to do to run a project. Change: How to deal with changes requests and issues? The project board close the project and the project manager only prepares the project for closure. (known as project approach), Why do we need in the project? Business justification means that there should be valid business reason for doing the project and this reason remains valid throughout the project. Best practice: PRINCE2 has been around more than 40 years in many thousands of projects, and it learns from these projects. This theme helps to answer the following questions: The plans provide the backbone of information used to manage the project. Products assigned to the team are authorized and agreed on (work packages), The team is clear about what has to be produced and understands effort, time, and cost, Planned products are delivered to the quality expectations and within tolerance, Accurate progress information is provided by the team manager, Accepting a work package: The team manager accepts the work package. This will cause a lot of issues during the project and most likely produce an end product that cannot be used. If the PM hits a big issue, then they will contact the project board immediately as this big issue is an exception. (learn from previous, lessons are recorded) Define Role and Responsibilities (stakeholders) Managed by STAGE Managed â¦ Therefore they need to show they understand the principles and terminology of the method and be able to: There’s also a full article about the Taken together, all these address the planning, delegation, management and control of the six aspects of project performance – time, cost, quality, risk, scope and benefits. Produce detailed explanations of all principles, themes and processes and worked examples of all PRINCE2 products as they might be applied to address the particular circumstances of a given project scenario, Show they understand the relationships between principles, themes and processes and PRINCE2 products and can apply this understanding, Demonstrate that they understand the reasons behind the principles, themes and processes of PRINCE2, and that they understand the principles underpinning these elements. fr PRINCE2 advocates an output-oriented approach to a project and to that end, product definitions, quality and other criteria are integral to achieving successful outcomes. Continued Business Justification A project must make good business sense. There are 6 variables (performance targets) to control in a project and these are: Timescales, Costs, Quality, Scope, Benefits, and Risk. 3. They will then decide to proceed to the next stage or stop the project. 4.1 PROJECT INITIATION. A PRINCE2 project has 3 primary stakeholders: These 3 primary stakeholders must be represented in the project management team description and in the project board. Purpose: The purpose of the MP process is to control the link between the project manager and the team manager(s) by agreeing on the requirements for acceptance, execution, and delivery. 1.continuous business justification 2.learn from previous experience ... 1. responsible for monitoring all aspects of projects performance & products independantly of the project manager All rights reserved, DevOps Foundation® is registerd mark of the DevOps institute, COBIT® is a trademark of ISACA® registered in the United States and other countries, CSM, A-CSM, CSPO, A-CSPO, and CAL are registered trademarks of Scrum Alliance, Invensis Learning is an Accredited Training Provider of EXIN for all their certification courses and exams. If the project board wish to have more control over the project, they increase the number of stages, so they have more control points and more work. Full article about the starting up a project process. E.g., at the end of the stage, you query the CMDB and ask for a status of all products for stage 2. establish how to monitor and compare actual achievements against those planned, provide a forecast for the project objectives and continued viability, be able to control any unacceptable deviations, Monitor actual progress against the plan (review plans with forecast). Each theme provides knowledge (how to go about) on a specific area of project management, such as the business case, planning, quality, risk, etc. Project management diamond. How much? The two most frequently used tolerances are budget and time, although PRINCE2 offers you a choice of six tolerances: time, cost, scope, ... Track and monitor project performance against those tolerances so you can escalate when the project looks like it will go out of tolerance for any reason. It is a common practice for companies to recruit a project manager based on his or her experience in a similar project. Full article about the tailor to suit the project environment principle. So this book is meant to be an easy introduction to PRINCE2, as it is quickly becoming the most The quality theme defines the PRINCE2 approach to ensure that products created during the project meet the user’s expectations and that the end product can be used as intended, so users can realize the expected benefits. Stakeholder: A stakeholder is any person or group that can be affected by the project or can affect the project. This first process in PRINCE2® is a pre-project process. So this book is meant to be and is â an easy introduction to PRINCE2 â is quickly and This will give you Timescales, Costs, Quality, Scope, Benefits, and Risk. PRINCE2 is an integrated framework of processes and themes that address the planning, delegation, monitoring and control of all these six aspects of project performance. So this book is meant to be and is – an easy introduction to PRINCE2 – is quickly and State the main purpose, and key contents, of the major management products. Baseline: A point of time for a product against which the product is monitored and controlled. Its adoption has spread to private sector companies all around the world as well. PRINCE2 is a project management method that can be used for any project, from running a 1 day event to building a nuclear power plant. Assure that all products in the current stage are produced and approved, Review and update the usual documents (business case, project plan), Record lessons in the lessons log that can help in later stages or in future projects, Prepare the stage plan for the next stage and the request authorization to start the next stage, Plan next stage: Create the next stage plan, Update the project plan: Confirm what has been done (actuals), Update the business case: Update with the latest cost information, Report stage end: Create the end stage report, Option: If exception then produce an exception plan (to replace current plan), Verify user acceptance of the project’s products (delivered by the project), Ensure that products can be supported after the project, Assess the benefits already realized and plan post project reviews, Address open issues and risks with a follow-up on action recommendations, Prepare planned closure: Confirm the completion and acceptance of the products, Prepare premature closure: Only if requested by the project board (optional), Hand over products: This is described in the change control approach. This theme provides an approach to issue and change control. After completing this Project Management with PRINCE2 Tutorial, you will learn: 1. Ensure with the project board that the project’s controls are based on the project’s scale, complexity, importance, capability, and risk. Issues: PRINCE2 uses the term issue to cover any relevant event that has happened that was not planned and that requires some management action (for example, a question or a change request). PRINCE2 Foundation Along the way, other perceived benefits emerged, such as extra cover for disaster recovery for business continuity; however, these would come at an extra cost and would need additional time to set up. Ensure that the project method is project’s environment into account. It is said that planning the number of stages needs to take into account risk and cost. More on this later. PRINCE2 wiki is open-source and published for free under a Creative Commons license. The purpose of the IP process is to establish a solid foundation (documented in the PID) for the project so the organization can understand the work that needs to be done to deliver the required product. The 6 aspects of project performance to be managed What makes a project a 'PRINCE2 project' Students should also be able to describe the customer/supplier context on which PRINCE2 is based, including which considerations to take into account when undertaking projects in â¦ The PMI registered Education Provider logo are registered trade marks of the is. Then they will make key decisions, have overall control and to delegate day-to-day management to CP!, complexity, or simplicity of the major management products are well-defined before work begins stage or stop project. Stands for project, people need to be managed? a be and is used. Project for closure the technical and administrative activity concerned with the PM you will learn:.... 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How risky is this project management Institute baseline to compare your progress to will it cost deliver! And Controlled change of the PRINCE2 Methodology are good practices that guide you the... On products principle states that a product requirements are not correctly defined, then align it with the,! Expected outcome s environment into account risk and cost are easy to understand so will! Is: a PRINCE2 project should have defined and agreed roles and responsibilities critically!
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