Principles Flashcards
Chapter 2
The seven PRINCE2 principles are …
● ensure continued business justification
● learn from experience
● define roles, responsibilities, and relationships
● manage by stages
● manage by exception
● focus on products
● tailor to suit the project
Ensure Continued justification means ….
warrant investment to initiate
ongoing investment to complete
Learn from experience means …
Record and apply learnings
(throughout project)
Define roles, responsibilities, and relationships means …
Defined and agreed roles and responsibilities
That engages the business, user, and supplier stakeholder interests
Manage by stages means …
planned, monitored, and controlled
Manage by exception means …
(1of2)
limits of delegated authority by defining tolerances for performance
Manage by exceptions TOLERANCE means …
(2of2)
permissible deviation above and below the plan’s target for benefits, cost, time, quality, scope, sustainability, and risk without needing to escalate
Focus on products means …
(1of2)
Definition and delivery of products, Their user quality expectations
Their requirements.
4 types of product
(2of2)
Management products
Specialist products
Project products (hereby referenced as the product in this learning)
External products
Tailor to suit the project means …
tailored to suit the project environment, size, complexity, importance, delivery method, team capability, and level of risk.
(i.e. proportionality)
