Natasha Warren Flashcards
prince 2 cram notes
identify, assess and control potential and approved changes to the baseline
Change Theme Purpose
to facilitate communication and control by defining the means of delivering the product
Plan Theme Purpose
to provide mechanisms to monitor progress against the allowed tolerances and the controls to escalate to the next level should any forecast suggest that one or more tolerance will be exceeded
Progress Theme Purpose
the four elements of a PRINCE2 Project are:
principles, themes, processes, environment
a project is
a temporary organisation that is created for the purpose of delivering one or more business products according to an agreed business case
what are the key characteristics of a project
change, temporary, cross-functional, unique, uncertainty
performance measures are
SOBER TEQUILA - SCOPE, BENEFITS, RISK, TIME COST QUALITY
7 principles are
continued business justification, learn from experience, define roles and responsibilities, manage stages, manage exceptions, focus on products and tailor to suit environment
PRINCE2 requires all projects
there is a justifiable reason for starting the project
justification is recorded and approved
justification remains valid, is revalidated throughout project life
project management team consists of
Executive, Snr User, Snr Supplier
key objective - continued business justification
project has continued business justification
key objective - learn from experience
project teams learn from experience: lessors are sought, recorded and acted upon throughout life of project
CBJ
continued business justification
key objective - roles and responsibilities
defined and agreed roles and responsibilities within the organisation structure that engages the business, user and supplier stakeholder interests
business sponsor key interests
business (corporate) = Money
supplier interested in
quality - resources and expertise required to deliver product
user interested in
benefits or expected benefits
how many management stages must a PRINCE2 project have
2 - initiation and one other management stage
what decides the number of stages
the complexity and size of the project or the risk - how many significant decisions and control points are needed
key objective - manage by exception
defined tolerance for each project objectives, to establish limits of delegated authority
who does the the project board delegates the authority for day-to-day control of a management stage, within agreed tolerances
project manager
key objective - focus on products
focuses on definition and delivery of products in particular their quality requirements
define product
input or output that can be described in advance, created and tested.
what are the two types of products
management products or specialist products
key objective - tailor to suit the project
PRINCE2 is tailored to suite the project environment, size, complexity, importance, teams capability and risk
BUSINESS CASE: Minimum requirements are
1 - create and maintain business justification
2 - review and update BJ in response to decisions and
events
3 - define mgmt actions that will be put inplace to endure projects outcomes are achieved
4 - define document roles and responsibilities for the business case and benefit mgmt
BUSINESS CASE: Products produced
business case
benefits management approach
what is a business case
provides the cost, benefit, expected dis-benefits, risk and timescales which viability is justified
benefits management approach
“how to” defines mgmt actions put in place to ensure that the project outcomes are achieved and confirm benefits are realised
develop business case stages are
pre-project
–verify outline business case
intitiation stage
– verify detailed business case
maintain business case stages are
delivery stage --verify updated business case --confirm benefits final delivery stage --confirm benefits post project --confirm benefits
executive is accountable for what
ensuring that the business justification is produced and approved
initial version of the business justification should be derived from?
project mandate
senior user is responsible for
specifying the benefits from the project
accountable for confirm the forecast benefits are realised
(BUSINESS CASE) who:
- provides project mandate
- defines standards
- hold the senior user to account
corporate, programe management or customer