Prince2 Principles

Question 1

Name the seven Prince2 Principles

Answer 1

1. Continued business justification
2. Learn from experience
3. Defined roles and responsibilities
4. Manage by stages
5. Manage by exception
6. Focus on products
7. Tailor to suit the project envious

Question 2

1. Continued Business Justification

Answer 2

Justifiable reason to start, remains valid throughout the project, documented and approved.

Documented in the business case.

If no longer justified, project should be stopped.

Question 3

2. Learn from experience

Answer 3

Lessons are sought, recorded and acted upon when starting a project, during a project and as the project closes

Question 4

3. Defined roles and responsibilities

Answer 4

Organisation structure includes business, user and supplier stakeholder interests.

Explicit Project Management structure with roles, responsibilities and effective communication

Question 5

4. Manage by stages

Answer 5

Planned, monitored and controlled stage by stage. Project board approves stage plans.

Question 6

5. Manage by exception

Answer 6

Defined tolerances (against the six areas of Prince2 project performance) for each objective.

Establishes limits of delegated authority, with distinct responsibilities and defined accountability.

Question 7

6. Focus on products

Answer 7

Output orientated, particularly about quality requirements.

Agreed products set the scope of a project.

Question 8

7. Tailors to suit the project environment

Answer 8

Tailored to size, complexity, importance, capability and risk