Project Managment With Prince2 Flashcards
What is a project?
Temp organisation created for the purpose of delivering one or more business products according to business case
What distinguishes a project from BAU
Change Cross functionality Unique Temporary Uncertainty
What do you want to control in any product? (6)
Cost Timescale Risk Scope Quality Benefits
What is scope
What will the project deliver
What is scope creep
When pm delivers beyond the project scope it is uncontrolled change
What are the four main things a project manager does
Plan
Delegate
Control
Monitor
Define a programme
Group of related products
Temporary flexible organisation structure
Define portfolio
Collection of programmes
What is a Key performance indicator
Indicates if project is going to plan or not
Lagging indicator
Measured performance that follows events, tracks how well actual performance went and if it went as expected
Leading indicators
Measures progress before events, allows management to track if project is on track to achieve expected performance