Lesson 60. Progress practice 1 – Purpose

Question 1

What is the purpose of progress practice?

Answer 1

PRINCE2 says the progress practice aims to establish mechanisms to monitor and compare actual achievements against those planned, provide a forecast for the project’s objectives, and continue to control any deviations causing an exception. In simpler terms, the purpose of the progress practice is to find a good way of checking and showing the progress of the plans and forecasting the project time, costs, benefits, risks, etc., during the project. Also, deal with issues as they happen to keep the project on track.

In simpler terms, it is to check and show progress of plans and forecast project time, costs, benefits, risks, etc.

Question 2

What is the definition of progress?

Answer 2

Progress is the measure of the achievement of the objectives of a plan.

For example, a stage plan sets objectives to deliver several products and sets tolerances for time, cost, quality, scope, sustainability, and risk.

Question 3

What is the definition of forecast?

Answer 3

A forecast is a prediction made by studying historical data and past patterns. The project manager always forecasts how the project will proceed. For example, the stage plan is a forecast for the next two months; a day plan is a forecast.

The project manager always forecasts how the project will proceed.

Question 4

What is an exception?

Answer 4

An exception is a situation where it can be forecasted that there will be a deviation beyond the tolerance levels.

Question 5

What are tolerances?

Answer 5

Tolerances are the permissible deviations above and below a target.

Question 6

What does the project set tolerances for?

Answer 6

The project can set tolerances for the seven performance targets:
* benefits
* cost
* quality
* risk
* scope
* sustainability
* time