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2122WS FPM > Guest Lecture: PRINCE2 > Flashcards

Guest Lecture: PRINCE2 Flashcards

1
Q

What does PRINCE stand for?

A

Projects In Controlled Environments

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2
Q

What are the components of PRINCE2?

A
  • 7 Basic principles
  • 7 Core topics
  • 7 processes
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3
Q

What are the 7 basic principles of PRINCE2?

A
  1. Ongoing business justification
  2. Learning from experience
  3. Defined roles and responsibilities
  4. Controlling through management phases
  5. Controlling according to the exception principle
  6. Product orientation
  7. Adaption to the project environment
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4
Q

What are the 7 core topics of PRINCE2?

A
  1. Business Case
  2. Project organization
  3. Quality management
  4. Plans (project, phase, team plan)
  5. Risk analysis
  6. Dealing with change
  7. Monitoring progress
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5
Q

What are the 7 processes of PRINCE2?

A
  1. SU: Starting Up a Project
  2. DP: Directing a Project
  3. IP: Initiating a Project
  4. CS: Controlling a Stage
  5. SB: Managing a Stage Boundary
  6. MP: Managing a Product Delivery
  7. CP: Closing a Project
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6
Q

What are the phases of PRINCE2?

A
  • Before the Project
  • Initiation Phase
  • Following Phase(s)
  • Last Phase
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7
Q

What are the management levels of PRINCE2?

A
  • Direct
  • Manage
  • Deliver
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8
Q

What are the stages/phases called in Projektron BCS?

A
  • Preparation
  • Initiation
  • Managing (n iterative stages)
  • Controlling (n iterative stages)
  • Closing
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9
Q

Strengths of PRINCE2

A

• PRINCE2 can be applied to projects of any type, size and organization.
• PRINCE2 delivers standardized projects that have a consistent approach, vocabulary and documents.
• Anyone familiar with the method can quickly find their way around any carefully executed PRINCE2 project.
• Comparably easy to learn for rather unexperienced project managers.
• Templates are available for each type of document (management products) required by PRINCE2. This results in standardized and comprehensive project documentation.
• Main guideline in PRINCE2 is Management by Exception. PM may act
without unnecessary interference within the accepted tolerances.
• PRINCE2 provides its own technique of planning with integrated requirements analysis for a product-based planning.

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10
Q

Weaknesses of PRINCE2

A
  • Only PRINCE2 specific techniques are described.
  • Project bureaucracy due to the strong focus on documents (project brief (created in the process: “Starting up a project”), project management documentation, project status report, …).
  • Soft skills/leadership qualities as important qualification for a PM are not directly considered in PRINCE2.
  • Commonly used techniques such as critical path analysis or earned value analysis are not considered.
  • No requirement analysis.
  • Initially insufficient consideration of iterative and agile approaches – therefore add on with PRINCE2 Agile which is fully based on PRINCE2
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11
Q

Goal of PRINCE2

A

Providing a project management methodology that are ready to use

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12
Q

Orientation in PRINCE2

A

Highly process-and stageoriented planning, predefined steps to be taken

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13
Q

Scalability of PRINCE2

A

May be used for all project sizes, thorough adjustment is necessary

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14
Q

Support of iterative proceedings in PRINCE2

A

Continuous improvement is part of the process and intended by PRINCE2. Integration of agile methods by PRINCE2 Agile.

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15
Q

Project phases in PRINCE2

A

Minimum set is required, additional phases will added if needed.

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16
Q

Pervasiveness of PRINCE2

A

Strong in the Commonwealth and Benelux

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17
Q

Effort of Implementation of PRINCE2

A

Standard is ready to use, tailoring possible

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18
Q

Qualification/Certificates of PRINCE2

A

Diverse trainings possible, 2 classic and more agile levels for cerficates available

19
Q

Templates in PRINCE2

A

Templates for all management products are free to download

20
Q

Level of abstraction in PRINCE2

A

Low level due to well defined processes. Good description of what needs to be one without saying how

21
Q

Publication of PRINCE2

A

Managing Successful Projects with RINCE2, print version sold by Axelios

22
Q

Goal of IPMA/GPM

A

Description of all relevant competence fields and methods of project and program management

23
Q

Orientation in IPMA/GPM

A

Knowledge and experience

24
Q

Scalability of IPMA/GPM

A

Depends on the implementation

25
Q

Support of iterative proceedings in IPMA/GPM

A

Not mentioned explicitly

26
Q

Project phases in IPMA/GPM

A

No required but adviced phases.

27
Q

Pervasiveness of IPMA/GPM

A

Very strong in German-speaking countries, mainly in Western Europe

28
Q

Effort of Implementation of IPMA/GPM

A

Rare templates, pm processes must be defined from the scratch or copied from open sources

29
Q

Qualification/Certificates of IPMA/GPM

A

Training offered by diverse companies, 4 levels of Qualification offered

30
Q

Templates in IPMA/GPM

A

Template for project management manual

31
Q

Level of abstraction in IPMA/GPM

A

High level due to very general guidelines without processes or precise instructions for project or program managers

32
Q

Publication of IPMA/GPM

A

NCB and ICB definieren the standard, available online free of charge

33
Q

Goal of PMI

A

Providing of a project management knowlegdebase based on best practice

34
Q

Orientation in PMI

A

Knowledge and processes

35
Q

Scalability of PMI

A

Effort is barely scalable, rather in use and focus on large projetcs

36
Q

Support of iterative proceedings in PMI

A

Adaption of the «plan-docheck-act» paradigma by process loops

37
Q

Project phases in PMI

A

No required but adviced phases.

38
Q

Pervasiveness of PMI

A

Dominant standard in the US and China, in multinational companies

39
Q

Effort of Implementation of PMI

A

Existing toolbox and processes which need to be adjusted, no templates

40
Q

Qualification/Certificates of PMI

A

Diverve trainings and certificates possible

41
Q

Templates in PMI

A

No templates

42
Q

Level of abstraction in PMI

A

Medium level, with defined processes, but without directly applicablemethods

43
Q

Publication of PMI

A

PMBOK Guide print and online version, required charge

2122WS FPM (6 decks)

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