Overview

Question 1

What are the Five integrated elements of Prince2?

Answer 1

Principles, Practices, Processes, Project Context and People

Question 2

What is the project context as one of the 5 elements?

Answer 2

It influences how “the principles,
practices and processes are applied by the people involved to ensure the method is fit for the project context.”

Question 3

What does Prince2 mean by Principles as one of the 5 elements?

Answer 3

The principles are the guiding obligations that determine whether the project is being managed using PRINCE2

Question 4

What does Prince2 mean by Practices as one of the 5 elements?

Answer 4

The practices describe essential aspects of project management that must be applied consistently and throughout the project lifecycle. The seven practices explain the specific treatment required of that aspect of project management for the PRINCE2 processes to be effective and why they are necessary.

Question 5

What does Prince2 mean by Processes as one of the 5 elements?

Answer 5

The seven processes describe the entire project lifecycle, from activities before getting started, through the stages of project delivery, and to the final act of project closure. Each process has checklists of recommended activities and related responsibilities.

Question 6

What does Prince2 mean by People as one of the 5 elements?

Answer 6

Projects need people, mainly those working on the project and those affected by the project. An understanding of the needs, capabilities, and motivations of the people involved and the relationships between them is crucial to how the project is established and managed

Question 7

What is a project?

Answer 7

A temporary organization that is created for the purpose of delivering one or more business products according to an agreed business case

Question 8

What are the 5 characteristics of a Project that distinguish it from business as usual?

Answer 8

Change, Temporary, Cross-Functional, Unique and Uncertainty

Question 9

What are the three delivery methods?

Answer 9

1. Linear-sequential approach
2. Iterative-incremental approach
3. Hybrid approach

Question 10

What is a Linear-sequential approach?

Answer 10

Each of the delivery steps to create the products occurs in sequence, and the product is made available during or at the end of the project.

Question 11

What is a Iterative-incremental approach?

Answer 11

This approach is often, but not exclusively, used for product development, where requirements gathering, design, development and/or coding, and testing occur iteratively throughout the lifecycle of the project. This approach is often referred to as an agile approach.

Question 12

What is a Hybrid approach?

Answer 12

Some elements of the project use a linear-sequential approach, and other elements use an iterative-incremental approach.

Question 13

What are the 7 aspects of project performance?

Answer 13

1. Benefits
2. Costs
3. Time
4. Quality
5. Scope
6. Sustainability
7. Risk