Principles Flashcards
What is the result of a project not including a Prince2 principle?
It is no longer a Prince2 project.
If even one of the 7 principles is missing from the project, it cannot be considered a PRINCE2 Project.
What is the definition of the principles?
A framework of good project practice for those involved in a project.
What are the 7 principles?
MMTDLFC
Manage by stages
Manage by exception
Tailor to suit the project environment
Defined roles and responsibilities
Learn from experience
Focus on products
Continued business justification
What does the principle ‘continued business justifcation’ mean?
This means that the reason to start the project must make sense from a business layer point of view, and there must be a clear Return on Investment
Therefore each project should have a Business Case
How is the business justification reviewed?
The Business Case is regularly reviewed during the project to check its continued business justification. This, for example, can happen at the end of each stage.
Complete this sentence
PRINCE2 states that a project should have defined and agreed _____ within an organization structure that engages the ______ interests.
PRINCE2 states that a project should have defined and agreed roles and responsibilities within an organization structure that engages the Business, User and Supplier Stakeholder interests.
What are the 3 primary project board roles and their purpose?
Executive, the business-oriented person who’s ultimately responsible for the project
Senior User, one or more people who represent the final users’ requirements in the board
Senior Supplier, one or more people who represent the interests of the suppliers
What is the prupose of the ‘defined roles and responsibilities’ principle?
A good Project Management structure answers the questions “What is expected of me?”, “What can I expect from others?”, and “Who makes what decisions?”
What is the purpose of the ‘focus on products’ principle?
A good Project Product Description will guide the project, build correct expectations, and help to deliver the required products.
“A PRINCE2 project focuses on the definition and delivery of products, in particular, their quality requirements.”
What management product ensures that we focus on products from the outset?
A ‘Project Product Description’ should be written as soon and as clear as possible in the project, so that all stakeholders will have a clear idea of what to expect.
What is the purpose of the ‘learn from experience’ principle?
PRINCE2 project teams should learn from previous projects. They should therefore take initiative to uncover previous lessons learned and take these into account during the life of the project.
What part of the process does the ‘learn from experience’ principle apply to?
“Learn from experience” covers the full lifetime of the project, from Starting up a Project , as the project progresses until the project closes.
Any lesson learned during the project should be documented (in the Lessons Log ).
Documented lessons should be passed on so they are available for future projects.
What is the purpose of ‘manage by exception’ and how is this implemented during the project?
Manage by Exception provides the above management layer with a system to manage and control the lower management layer, and they don’t need to be bothered by each small issue.
Exceptions, issues over agreed tolerance are raised to the management layer above.
What is the Prince2 definition of the ‘manage by exception’ principle?
A PRINCE2 project has defined tolerances for each project objective to establish limits of delegated authority.
What 7 tolerances can be set in the ‘manage by exception’ principle?
TQSCRBS
Time
Quality
Scope
Cost
Risk
Benefit
Sustainability
