Managing a stage boundary Flashcards
What is the purpose of the phase boundary management process in PRINCE2?
To provide the project board with sufficient information to assess the success of the current management phase, approve the plan for the next phase, review the updated project plan, confirm ongoing business justification, and risk acceptability.
What are the objectives of the phase boundary management process in PRINCE2?
To ensure that all products of the current phase are completed and approved; prepare the plan for the next phase; review and update the PID; provide information for the ongoing project viability assessment; capture lessons learned for future phases; seek authorization to proceed to the next phase.
How are exceptions managed in the phase boundary management process?
Review and update the PID; prepare an exception plan as directed by the project board; provide information to assess the ongoing project viability; seek approval to replace the current plan with the exception plan.
In what context does the phase boundary management process fit within PRINCE2?
The process is based on dividing the project into management phases, ensuring that the products created deliver the expected benefits and allowing for course correction if needed.
What are the main activities in the phase boundary management process in PRINCE2?
Planning the next management phase, updating the project plan, updating the business case, reporting the end of the management phase, and producing an exception plan.
How is the next management phase planned in PRINCE2?
Planning involves consultation with the project board, project assurance, team managers, and other stakeholders. It is helpful to produce a team plan in parallel, reviewing components of the PID and updating quality expectations, project approaches, and roles.
What actions are recommended for creating the plan for the next management phase in PRINCE2?
Decide on the plan presentation, review the project plan for required products, examine the quality management approach, update the product breakdown structure and flow diagrams, and review issue and risk registers.
What updates and revisions of registers are required in the phase boundary management process?
Update configuration, issue, and risk registers with new information or changes, and update the quality register for planned quality management activities.
What is the purpose of updating the project plan in PRINCE2?
To update the project plan with actual progress and forecasts for the next phase or exception plan, reflecting any changes in project costs, end dates, and product descriptions.
What actions are recommended for updating the project plan in PRINCE2?
Ensure the current stage plan is updated, reflect current progress and forecasts for the next phase or exception plan, and consider implications of issues, risks, and changes to PRINCE2 process tailoring requirements.
How do project plan updates impact the business case?
Revised cost details and new end dates from the updated project plan should be used to update the business case.
Which registers need to be updated during the project plan update?
Update issue and risk registers with new information or changes to existing issues and risks.
Why is ongoing business justification crucial in a PRINCE2 project?
A PRINCE2 project must always remain commercially justified, continuing only if it can deliver benefits within the defined time, cost, quality, scope, and risk constraints outlined in the approved business case.
What essential steps are required to update the business case in a PRINCE2 context?
Evaluate changes in risk appetite and capability, review the benefits management approach and the impact of approved changes on the project. Analyze the risk profile, issues, and the impact on implementation dates and costs, also considering changes in the business or customer context.
Which specific aspects of the business case need to be updated?
Update the benefits analysis based on changes in costs, expected benefits, final implementation date, and any required benefits reviews in the upcoming management phase.