Chapter 1: Introduction Flashcards
What does PRINCE2 stand for?
PRojects IN Controlled Environments
What is PRINCE2 designed to be?
Generic so that it can be applied to any project regardless of project scale, type, organization, geography or culture.
How does PRINCE2 achieve its aim to be generic?
- Separating the management of project work from the specialist contributions (e.g. design/construction).
- Focusing on describing what needs to be done - rather than prescribing how it’s done.
What is PRINCE2 based on?
Established and proven best practice and governance for PM.
How can PRINCE2 be tailored?
- To meet specific organisation needs.
2. Scaled to size and complexity of different projects.
Where can PRINCE2 be applied?
Any type of project.
Easily implemented alongside specialist, industry-specific models (e.g. engineering models or development lifecycles).
Why is PRINCE2’s wide recognition and understanding an benefit?
- Provides common vocab for all project participants.
- Promotes consistency.
- Ability to reuse project assets.
- Facilitates staff mobility.
- Reduces impact of personnel changes/handovers.
What does PRINCE2 focus participants on?
- Viability of the project in relation to its business case objectives (vs project completion being an end in itself).
- Ensures stakeholders properly represented in planning and decision making.
What does PRINCE2 promote?
Learning from project experience and continual improvement in organisations.
What support is there for PRINCE2?
Worldwide network of exam institutes, accredited training, consultancy orgs, etc.
What is maturity?
Measure of: 1. Reliability 2. Efficiency 3. Effectiveness of a process/function/organisation/etc.
Why is maturity important?
Most mature processes/functions are formally aligned with business objectives and strategy.
Supported by framework of continual improvement.
What does the structure contain?
Four integrated elements of principles, themes, processes and project environment.
What are principles?
- The guiding obligations and good practices.
- There are 7.
- Unless all are applied, it’s not a PRINCE2 project.
What are themes?
- They explain the specific treatment required for disciplines and why they’re necessary.
- Aspects of PM that must be addressed continually and in parallel throughout the project.
- There are 7.