Chapter 5: An overview of Prince2 Flashcards
What is a programme?
A temporary, flexible organisation that coordinates related projects and activities to achieve strategic objectives.
What is project management?
The planning, delegating, monitoring, and control of all aspects of a project to achieve objectives within time, cost, quality, scope, benefits, and risk constraints.
What are the four elements of PRINCE2?
1️⃣ Principles – The guiding obligations and best practices of PRINCE2.
2️⃣ Themes – Key project management aspects that must be addressed continuously.
3️⃣ Processes – The step-by-step progression of a PRINCE2 project.
4️⃣ Project Environment – How PRINCE2 is tailored and embedded within an organisation.
What happens if a project does not follow all seven PRINCE2 principles?
It is not considered a PRINCE2 project.
What are the seven PRINCE2 principles?
1️⃣ Continued Business Justification – The project must remain viable.
2️⃣ Learn from Experience – Lessons are recorded and used throughout.
3️⃣ Defined Roles and Responsibilities – Clear accountability is required.
4️⃣ Manage by Stages – The project progresses in defined stages.
5️⃣ Manage by Exception – Tolerances are set for time, cost, quality, scope, benefits, and risk.
6️⃣ Focus on Products – Deliverables are clearly defined before work starts.
7️⃣ Tailor to Suit the Project – PRINCE2 is adapted to the project’s size, complexity, and environment.
What are the seven PRINCE2 themes?
1️⃣ Business Case – Ensures the project remains desirable, viable, and achievable.
2️⃣ Organisation – Defines roles and responsibilities within the project.
3️⃣ Quality – Establishes quality expectations and control measures.
4️⃣ Plans – Outlines how the project will be delivered, including timescales and resources.
5️⃣ Risk – Identifies, assesses, and manages uncertainties.
6️⃣ Change – Manages changes and their impact on project baselines.
7️⃣ Progress – Monitors project performance and viability.
What are the seven PRINCE2 processes?
1️⃣ Starting Up a Project – Ensures the project is viable before resources are committed.
2️⃣ Initiating a Project – Establishes a detailed project foundation.
3️⃣ Directing a Project – Enables senior management to oversee and make decisions.
4️⃣ Controlling a Stage – Ensures each project stage is managed effectively.
5️⃣ Managing Product Delivery – Ensures authorised work is delivered as planned.
6️⃣ Managing a Stage Boundary – Reviews progress and plans the next stage.
7️⃣ Closing a Project – Ensures proper closure and benefits review.
Which process is responsible for approving project initiation?
Directing a Project
Which process ensures the project is ready to start?
Starting Up a Project
Which process handles monitoring and control within a stage?
Controlling a Stage
Which process ensures work packages are delivered correctly?
Managing Product Delivery
Which process deals with reviewing progress at the end of each stage?
Managing a Stage Boundary
Which process ensures the project is properly finished?
Closing a Project
