IP Flashcards
What is the purpose of initiating a project stage?
Understand the reason
The risks
Expected benefits
Scope of project
When does it need to be delivered, how and at what cost
Who are the people involved in the decision making process?
What are the baselines that are too be established and controlled
What is the level of quality that needs to be achieved?
How will risks, issues and changes be identified, assessed and controlled?
How will the progress of the project be monitored and controlled?
Who needs information, in what format and at what time?
How will the project management be tailored to suit the project?
How do you tailor at the initiating a project stage?
Any deviation from standard approach must be documented
Review the project brief to understand the outline tailoring approach
See lessons from previous projects
Define the tailoring as part of the PID
Check with Quality Assurance that the tailoring meets stakeholders
Seek project board approval for any tailoring
What can be tailored?
Can tailor the processes and themes
Adapting terminology and language
Condense project documents
Combining roles
What can’t be tailored?
Principles
WHat is the risk management approach?
Describes the goals of applying risk management The procedures that will be adopted The roles and responsibilities Risk tolerances Timing of risk management activities The tools and techniques that will be used Reporting requirements (Does not record risks)
HOw does prince2 define risk?
issue or opportunity?
How is risk measured?
Probability and impact
What are the four main risk responses?
Avoid
Reduce
Transfer
Accept
What is the risk management process?
Identify Assess PLan Implement Communicate
Risk management tools and technique examples
PESTLE
INterview
What do you need to do to prepare the risk management approach
review taoilring apporach and implication to RM Review project Brief Seek lessons learned Review daily loh Define risk management approach check with project assurance Create risk register than aligns to register approach Seek project board approval
WHat is change control
process of through all requests to change the baseline of the project are captured, evaluated and then approved
What should be in the product description?
Identifier Format and presentation Derivation Purpose Title Composaition Quality criteria Quality tolerance Development skills required Quality method Quality responsiblities
What should be in the project product description?
Acceptence criteria
Derivation
Purpose
Quality skills required
Acceptence method
Title
Acceptence responsiblities Project level quality tolerances Customer quality expectation Development skills required Composition
What statements would be in the business case?
Expected benefits Major risks Business options Expected disbenefits Business options Expected disbenefits Timescale Costs Investment appraisal Executive summary Reasons
