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PRINCE2 > Reverse Definitions > Flashcards

Reverse Definitions Flashcards

1
Q

A risk response to a threat where a conscious and deliberate decision is taken to retain the threat, having discerned that it is more economical to do so than to attempt a risk response action. The threat should continue to be monitored to ensure that it remains tolerable.

A

Accept ( risk Response)

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2
Q

The formal act of acknowledging that the project has met agreed acceptance criteria and thereby met the requirements of its stakeholders.

A

Acceptance

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3
Q

A prioritized list of criteria that the project product must meet before the customer will accept, i.e. measurable definitions of the attributes required for the set of products to be acceptable to key stakeholders.

A

Acceptance criteria

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4
Q

A process, function, or task that occurs over time, has recognizable results and is managed, It is usually defined as part of a process or plan.

A

Activity

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5
Q

Principally, software development methods that apply the project approach of using short time-boxed iterations where products are incrementally developed. PRINCE2 is compatible with Agile Principles.

A

Agile Method

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6
Q

The formal confirmation that a product is complete and meets its requirements ( less and concessions ) as defined by its Product Description.

A

Approval

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7
Q

The person or group ( e.g. Project Board) who is identified and qualified and authorized to approve a ( management or specialist) product as being complete and fit for purpose.

A

Approver

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8
Q

A statement that is taken as being true for true purposes of planning, but which could change later. An assumption is made where some facts are not yet known or decided, and is usually reserved for matters of such significance that , if they change or turn out not to be true , there will need to be considerable replanning.

A

Assumption

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9
Q

All the systematic actions necessary to provide confidence that the target ( system, process, organization, programme, project, outcome, benefit, capability, product output, deliverable) is appropriate. Appropriateness might be defined subjectively or objectively in different circumstances, The Implication is that assurance will have a level of independence from that which is being assured. See also Project Assurance and Quality Assurance.

A

Assurance

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10
Q

The right to allocate resources and make decisions ( applies to project, stages and team levels)

A

Authority

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11
Q

The point at witch an authority is granted.

A

Authorization

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12
Q

A risk response to a threat where the threat either can no longer have an impact or can no longer happen

A

Avoid ( Risk Response )

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13
Q

Reference levels against which an entity is monitored and controlled

A

Baseline

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14
Q

The measurable improvement resulting from an outcome perceived as an advantage by one or more stakeholders

A

Benefit

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15
Q

A plan that defines how and when a measurement of the achievement of the project´s benefits can be made. If the project is being managed within a program this information may be created and maintained at the programme level.

A

Benefit Review Plan

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16
Q

The permissible deviation in the expected benefits that is allowed before the deviation need to be escalated to the next level of management. Benefits tolerance is documented in Business Case. See also Tolerance.

A

Benefits Tolerance

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17
Q

The justification for an organization activity ( project ), which typically contains costs, benefits, risks and timescales, and against which continuing viability is tested.

A

Business Case

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18
Q

A corporate coordinating function for portfolios, programmes and projects providing standards, consistency of methods and processes, knowledge management, assurance and training

A

Centre of Excellence

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19
Q

A person or group to which the project board may delegate responsibility for the consideration of requests for change or off-specifications. The Change authority may be given a change budget and can approve changes within that budget.

A

Change Authority

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20
Q

The money allocated to the Change Authority available to be spent on authorized requests for change.

A

Change Budget

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21
Q

The procedure that ensures that all changes that may affect the project´s agree objectives are identified, assessed, and either approved, rejected, deferred.

A

Change Control

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22
Q

A team level, time driven, review of progress

A

Checkpoint

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23
Q

A progress report of the information gathered at a checkpoint, which is given by a team to the Project manager and which provides reporting data as defined in the Work Package.

A

Checkpoint Report

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24
Q

Advice form the Project Board to inform all stakeholders and the host sites that the project resources can be disbanded and support services, such as space, equipment and access, demobilized. It should indicate a closure date for costs to be charged to the project.

A

Closure Notification

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25
Q

A recommendation prepared by the project manager for the project board to send a project closure notification when the board is satisfied that the project can be closed.

A

Closure Recommendation

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26
Q

A description of the means and frequency of communication between the project and the project´s stakeholders.

A

Communication Management

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27
Q

An off-specification that is accepted by the project board without corrective action

A

Concession

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28
Q

An entity that is subject to configuration management. The entity may be a component of a product, a product, or a set of products in a release.

A

Configuration Item

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29
Q

A record that describes the status, version, and variant of a configuration item, and details of important relationships between them

A

Configuration Item Record

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30
Q

Technical and administrative activities concerned with the creation, maintenance and controlled change of configuration through the life of a product

A

Configuration Management

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31
Q

A description of how and by whom the project´s products will be controlled and protected

A

Configuration Management Strategy

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32
Q

The set of processes, tools and database that are used to manage configuration data. Typically a project will use configuration management system of either the customer or supplier organization.

A

Configuration Management System

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33
Q

The restrictions or limitations that the project is bound by.

A

Constraints

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34
Q

Something that is held in reserve typically to handle time and cost variances or risks, PRINCE2 does not advocate the use of contingency because estimating variances are managed by setting tolerances and risks are managed through appropriate risk responses ( including the fallback response that is contingent on the risk occurring)

A

Contingency

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35
Q

These are over arching standards that the project must adhere to. They will influence the four project strategies ( Communication Management Strategy, Configuration Management Strategy, Quality Management strategy, Risk management strategy) and the project controls.

A

Corporate or Program standards

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36
Q

A set of actions to resolve a threat to a plan´s tolerance or a defect in a product.

A

Corrective Action

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37
Q

The permissible deviation in an plan´s cost that is allowed before the deviation needs to be escalated to the next level of management. Cost tolerance is documented in the respective plan. See also tolerance.

A

Cost Tolerance

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38
Q

The person or group who commissioned the work and will benefit from the end results.

A

Customer

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39
Q

A statement about the quality expected from the project product, captured in the Project Product Description

A

Customer´s quality expectations

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40
Q

Used to record problems/concerns that can be handled by the Project Manager Informally

A

Daily Log

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41
Q

A specialist product that is handed over to a user(s).

A

Deliverable

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42
Q

The relationship between products or activities
Dependencies can be internal or externals.
Internal dependencies are those under the control of the Project Manager.
External dependencies are those outside the control of the Project Manager.

A

Dependencies (plan)

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43
Q

An outcome that is perceived as negative by one or more stakeholders. It is a actual consequence of an activity whereas, by definition, a risk has some uncertainty about whether it will materialize.

A

Dis-benefit

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44
Q

An agile project delivery framework developed and owned by the DSDM consortium Atern uses a time boxed and iterative approach to product development and is compatible with PRINCE2

A

DSDM Atern

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45
Q

What an organization needs to do to adopt PRINCE2 as its corporate project management method. It differentiates form Tailoring, which defines what a project needs to do to apply the method to a specific project environment.

A

Embedding (PRINCE2)

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46
Q

A report given by the Project Manager to the Project Board that confirms the handover of al products and provides an updated Business Case and an assessment of how well the project has done against the original Project Initiation Document.

A

End project Report

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47
Q

There review by the project board and project manager at the End Stage Report to decide whether to approve the next Stage Plan. According to the size and criticality of the project, the review may be formal or informal. The authority to proceed should be documented as a formal record.

A

End Stage Assessment

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48
Q

A report given by the Project Manager to the Project Board a the end of each management stage of the project. This provides information about the project performance during the stage and the project status at stage end.

A

End Stage Report

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49
Q

A risk response to an opportunity where proactive actions are taken to enhance both probability of the event occurring and the impact of the event it should occur.

A

Enhance ( risk response )

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50
Q

A control that takes place when a specific event occurs.
This could be, for example, the end of a stage, the completition of the Project Initiation documents, or the creation of an Exception Report.
It could also include organization events that may affect the project, such as the end of the financial year.

A

Event driven control

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51
Q

A situation where it can be forecasted that there will be a deviation beyond the tolerance levels agreed between project manager and project board ( or between project board and corporate or program management )

A

Exception

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52
Q

A review by the Project Board to approve ( or reject ) and Exception plan

A

Exception assessment

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53
Q

A plan that often follow an Exception Report, For a Stage Plan exception it covers the period form the present to the end of the current stage. Of the exception were at project level, the project plan would be replaced.

A

Exception Plan

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54
Q

A description of the exception situation , its impact, options, recommendation and impact of the recommendation. This report is prepared by the Project Manager for the Project Board.

A

Exception Report

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55
Q

The single individual with overall responsibility for ensuring that a project meets its objectives and delivers the project benefits. This individual should ensure that the project maintains its business focus, that it has clear authority, and that the work, including risks, is actively managed. The Executive is the chair of the Project board. He or she represents the customer and is responsible for the Business Case.

A

Executive

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56
Q

A risk response to an opportunity by seizing the opportunity to ensure that it will happen and that the impact will be realized.

A

Exploit ( risk response )

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57
Q

A risk response to a threat by putting in place a fallback plan for the actions that will be taken to reduce the impact of the threat should the risk occur.

A

Fallback ( risk response)

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58
Q

Recommended actions related to unfinished work, ongoing issues and risks, and any other activates needed to take a product to the next phase of its life. These are summarized an included in the End Stage Report ( for phased handover ) and End Project Report.

A

Follow-on action recommendations

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59
Q

The ongoing activity of maintaining a sound system of internal control by which the directors and officers of an organization ensure that effective management systems, including financial monitoring and control systems, have been put in place to protect assets, earning capacity and the reputation of the organization.

A

Governance (Corporate)

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60
Q

Those areas of corporate governance that are specifically related to project activities Effective governance of project management ensures that an organization´s project portfolio is aligned to the organization´s objectives, is delivered efficiently and is sustainable.

A

Governance (project)

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61
Q

The transfer of ownership of a set of products to the respective user(s). The set of product is known as release. There may be more than one handover in the life of a project ( phased delivery), The final handover takes place in the Closing a Project process.

A

Handover

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62
Q

A time-driven report from the Project Manager to the Project Board on stage progress.

A

Highlight Report

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63
Q

A site where project work is being undertaken ( for example, an office or a construction site)

A

Host Site

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64
Q

The result of a particular threat or opportunity actually occurring , or the anticipation of such as a result.

A

Impact ( of risk)

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65
Q

The exposure arising from a specific risk before any action has been taken to manage it

A

Inherent risk

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66
Q

The period form when the Project Board authorizes initiation to when they authorize the project ( or decide not to go ahead with the project ).
The detailed planning and establishment of the project management infrastructure is covered by the Initiating a Project Process.

A

Initiation Stage

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67
Q

A relevant event that has happened ,was not planned, and requires management action. It can be any concern, query, request for change, suggestion or off specification raised during a project. Project issues can be about anything to do with the project.

A

Issue

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68
Q

A register used to capture and maintain information on all the issues that are being managed formally. The Issue Register should be monitored by the Project Manager on a regular basis.

A

Issue Register

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69
Q

A report containing the description, impact assessment and recommendation for a request for change , off specification or a problem/concern. It is only created for those issues that need to be handled formally.

A

Issue Report

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70
Q

An informal repository for lessons that apply to this project of future projects.

A

Lessons Log

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71
Q

A report that documents any lessons that can be usefully applied to other projects.
The purpose of the report is to provoke action so that the positive lessons from a project become embedded in the organization´s way of working and that the organization is able to avoid the negative lessons on future projects.

A

Lessons Report

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72
Q

Informal repositories managed by the Project Manager that do not require any agreement by the Project Board on their format and composition.

A

Logs
PRINCE2 has two logs
The Daily LOG
The Lessons Log.

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73
Q

A product that will be required as part of managing the project, and establishing and maintaining quality (e.g, Highlight report, end stage report). The management product stay constant, whatever the type of project and can be used as described, or with any relevant modifications, for all projects.

A

Management Product
There are three types of management products
Baselines, records and report

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74
Q

The section of a project that the Project Manager is managing on behalf of the Project Board at any one time, at the end of which the project Board will wish to review progress to date, state of the project plan, business case, risks, and the next stage plan in order to decide whether to continue with the project.

A

Management Stage

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75
Q

A significant event in a plan´s schedule such a s completion of key Work Packages, a technical stage, or a management stage.

A

Milestone

76
Q

Something that should bee provided by the project, but currently is not ( or is forecast not to be) provided. This might be a missing product or a product not meeting its specification, It is one type of issues.

A

Off-specification

77
Q

A specific type of acceptance by the person or group who will support the product once it is handed over into the operational environment.

A

Operational and maintenance

78
Q

The result of change, normally affecting real-world behavior and / or circumstances. Outcomes are desired when a change is conceived. They are achieved as a result of the activities undertaken to effect the change.

A

Outcome

79
Q

A specialist product that is handed over to a user(s). Note that management products are not outputs but are created solely for the purpose of managing the project.

A

Output

80
Q

A plan´s goal for time, cost , quality, scope, benefits, risks.

A

Performance Targets

81
Q

A detailed proposal for doing or achieving something which specifies the what, when, how, and by whom

A 
Plan
In PRINCE2 there are only the following types of plan
Project Plan 
Stage Plan
Team Plan
Exception Plan
Benefits Review plan.
82
Q

The PRINCE2 activity to close a project

A

Planned closure

83
Q

The period of time for which it is possible to accurate plan

A

Planning horizon

84
Q

All the programmes and stand alone projects being undertaken by an organization, a group of organizations, or an organization unit.

A

Portfolio

85
Q

The PRINCE2 Activity to close a project before its planned closure.
The project Manager must ensure that work in progress is not simply abandoned, but that the project salvage any value created to date, and checks that any gaps left by the cancellation of the project are raised to corporate or programme management.

A

Premature closure

86
Q

Any fundamental aspects that must be in place , and remain in place, for a plan to succeed.

A

Prerequisites ( plan)

87
Q

A Method that supports some selected aspects of project management, The Acronym stands for Projects in a Controlled Environment.

A

PRINCE2

88
Q

The guiding obligations for good project management practice that form the basis of a project being managed using PRINCE2

A

PRINCE2 principles

89
Q

A project that applies the PRINCE2 principles.

A

PRINCE2 project

90
Q

This is the evaluated likelihood of a particular threat or opportunity actually happening , including a consideration of the frequency with which this may arise.

A

Probability

91
Q

A type of issue ( other than a request for change or off specification ) that the project manager needs to resolve or escalate

A

Problem/concern

92
Q

A series of actions for a particular aspect of project management established specifically for the project - for example a risk management procedure

A

Procedures

93
Q

A structured set of activities designed to accomplish a specific objective. A process takes one or more defined input and turns them into defined output.

A

Process

94
Q

The person or group responsible for developing a product.

A

Producer

95
Q

An input or output , whether tangible or intangible, that can be described in advance, created and tested.

A

Product
PRINCE2 has two types of products
Management products
Specialist products

96
Q

A hierarchy of all the products to be produced during the plan

A

PBS Product Breakdown Structure

97
Q

A list of the major products of a plan, plus key dates of their delivery.

A

Product Checklist

98
Q

A description of a product´s purpose, composition, derivation, and quality criteria.
It is produced at planning time, as soon as possible after the need for the product is identified.

A

Product Description

99
Q

A diagram showing the sequence of production and interdependencies of the products listed in a product breakdown structure.

A

PFD Product Flow Diagram

100
Q

A report on the status of products. The required products can be specified by identifier or the part of the project in which they were developed.

A

Product Status Account

101
Q

A technique leading to a comprehensive plan based on the creation and delivery of required output. The technique considers prerequisites products, quality requirements and the dependencies between products.

A

Product-based planning

102
Q

A temporary flexible organization structure created to coordinate, direct and oversee the implementation of a set of related projects and activities in order to deliver outcomes and benefits related ot the organization’s strategic objectives. A programme is likely to have a life that spans several years.

A

Programme

103
Q

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

A

Project

104
Q

A description of the way in which the work of the project is to be approached.
For example, are we building a product form scratch or buying in a product that already exists ?

A

Project Approach

105
Q

The Project´s Board responsibilities to assure itself that the project is being conducted correctly. The project Board members each have a specific area of focus for project assurance:
Business Assurance for the Executive
User Assurance for the Senior User
Supplier Assurance for the Senior Supplier.

A

Project Assurance

106
Q

Advice from the project board to inform all stakeholders and the host sites that the project has been authorized and to request any necessary logistical support ( e.g. communication facilities, equipment, and any project support ) sufficient for the duration of the project.

A

Project Authorization

107
Q

Statement that describes the purpose, cost, time and performance requirements, and constraints for a project.
It is created pre-project during the starting up process to create the Project Initiation Documentation and its components. It is superseded by the Project Initiation Documentation and not maintained.

A

Project Brief

108
Q

A logical set of documents that bring together the key information needed to start the project on a sound basis and that conveys the information to all concerned with project.

A

Project Initiation Documentation

109
Q

Advice from the Project Board to inform all stakeholders and the host sites that the project is being initiated and to request any necessary logistical support ( e.g. communication facilities, equipment, and project support) sufficient for the initiation stage

A

Project Initiation Notification

110
Q

The period from the start up of a project to the acceptance of the project product

A

Project Lifecycle

111
Q

The planning, delegating, monitoring and control of ALL aspects of the project, and the motivation of those involved, to achieve the project objectives within the expected performance targets for time, cost, quality , scope, benefits and risks.

A

Project Management

112
Q

The entire management structure of the Project board, project manager, plus any team manager, project assurance and project support roles.

A

Project Management Team

113
Q

An organization chart showing the people assigned to the project management team roles to be used, their delegation and reporting relationship.

A

Project Management Team Structure

114
Q

The person given the authority and responsibility to manage the project on a day to day basis to deliver the required products within the constraints agreed with the Project Board.

A

Project Manager

115
Q

An external product generated by the authority commissioning the project that forms the triggers for Starting up a Project

A

Project Mandate

116
Q

A temporary office setup to support the delivery of a specific change initiative being delivered as a project. If used the project office undertakes the responsibility of the Project Support Role.

A

Project Office

117
Q

A high level plan showing the major products of the project, where they will be delivered and what costs.
An initial Project Plan is presented as part of the Project Initiation Documentation, This is revised as information on actual progress appears. It is a major control document for the Project Board to measure actual progress against expectations.

A

Project Plan

118
Q

What the project mist deliver in order to gain acceptance

A

Project Product

119
Q

A special type of product description used to gain agreement from the user on the project´s scope and requirements, to define the customer´s quality expectations , and to define the acceptance criteria for the project.

A

Project Product Description

120
Q

An administrative role in the project management team.
Project Support can be in the for of advice and help with project management tools, guidance, administrative services such as filling and the collection of actual data.

A

Project Support

121
Q

The time factor of risk, i.e. when the risk may occur, The impact of a risk may vary in severity depending on when the risk occurs.

A

Proximity ( of risk )

122
Q

The totality of features and inherent or assigned characteristics of a product, person, process, service and / or system that bear on its ability to show that it meets expectations or satisfies stated needs, requirements or specifications.

A

Quality

123
Q

An independent check that products will be fir for purpose or meet requirements.

A

Quality assurance

124
Q

The process of monitoring specific project results to determine whether they comply with relevant standards and of identifying ways to eliminate causes of unsatisfactory performance.

A

Quality Control

125
Q

A description of the quality specification that the product must meet, and the quality measurements that will be applied by those inspecting the finished product.

A

Quality Criteria

126
Q

A systematic, structured assessment of a product carried out by two or more carefully selected people ( the review team ) in a planned, documented, and organized fashion.

A

Quality Inspection

127
Q

The coordinated activities to direct and control an organization with regard to quality.

A

Quality Management

128
Q

A strategy defining the quality techniques and standards to be applied, and the various responsibilities for achieving the required quality levels, during a project.

A

Quality Management Strategy

129
Q

The complete set of quality standards, procedures and responsibilities for a site or organization. In the project context sites and organizations should be interpreted as the permanent or semi permanent organization(s) sponsoring the project work.

A

Quality Management System

130
Q

Evidence kept to demonstrate that the required quality assurance and quality control activities have been carried out.

A

Quality Records

131
Q

A register containing summary details of all planned and completed quality activities. The quality register is used by the project manager and project assurance as part of reviewing progress.

A

Quality Register

132
Q

A quality inspection technique with defined roles and a specific structure. It is designed to assess whether a product that takes the form for a document is compete, adheres to standards and meets the quality criteria agreed for it in the relevant Product Description. The participants are drawn for those with the necessary competence to evaluate its fitness for purpose.

A

Quality Review Technique

133
Q

The tolerance identified for a product for a quality criterion defining an acceptable range of values, Quality tolerance is documented in the Project Product Description ( for the project-level quality tolerance ) and in the Product Description for each product to be delivered.

A

Quality Tolerance

134
Q

Dynamic management products that maintain information regarding project progress.

A

Records

135
Q

A response to a risk where proactive actions are taken to reduce the probability of the event occurring by performing some form of control, and / or to reduce the impact of the event should it occur.

A

Reduce ( risk response )

136
Q

Formal repositories managed by the project manager that require agreement by the project board on their format, composition and use.

A 
Registers
PRINCE2 has 3 registers
Issue Register
Risk Register
Quality Register
137
Q

A response to a risk (opportunity) where a conscious and deliberate decision is taken not to exploit or enhance an opportunity having discerned that it is more economical to do so than to attempt a risk response action, The opportunity should continue to be monitored.

A

Reject ( Risk Response )

138
Q

The set of products in handover, the contents of a release are managed, tested and deployed as a single entity.

A

Release

139
Q

Management products providing snapshot of the status of certain aspects of the project.

A

Reports

140
Q

A proposal for a change to a baseline, It is a type of issue.

A

Request for Change

141
Q

The risk remaining after the risk response has been applied

A

Residual Risk

142
Q

The person or group commissioning the project ( typically corporate or programme management) who has the authority to commit resources and funds on behalf of the commissioning organization.

A

Responsible Authority

143
Q

A person or group independent of the producer who assesses whether a product meets its requirements as defined in its Product Description.

A

Reviewer

144
Q

An uncertain event or set of events that, should it occur, will have an effect on the achievement of objectives. A risk is measured by a combination of the probability of a perceived threat or opportunity occurring, and the magnitude of its impact on objectives.

A

Risk

145
Q

A nominated owner of an action to address a risk. Some actions may not be within the remit of the risk owner to control explicitly. In that situation there should be a nominated owner of the action to address the risk.
He or she will need to keep the risk owner apprised of the situation.

A

Risk Actionee

146
Q

An organization´s unique attitude towards risk taking that in turn dictates the amount of risk that it considers is acceptable

A

Risk Appetite

147
Q

The estimation of probability and impact of an individual risk , taking into account predetermined standards, target risk levels, interdependencies and other relevant factors.

A

Risk Estimation

148
Q

The process of understanding the net effect of the identified threats and opportunities on an activity when aggregated together.

A

Risk Evaluation

149
Q

The systematic application of principles, approaches, and processes to the tasks of identifying and assessing risks, and the planning and implementing risl responses.

A

Risk Management

150
Q

A strategy describing the goals of applying risk management, as well as the procedure that will be adopted, roles and responsibilities, risk tolerances, the timing of risk management interventions, the tools and techniques that will be used, and the reporting requirements

A

Risk Management Strategy

151
Q

A named individual who is responsible for the management, monitoring, and control of all aspects of a particular risk assigned to them, including the implementation of the selected responses to address the threats or to maximize opportunities.

A

Risk Owner

152
Q

A description of the types of risk that are faced by an organization and its exposure to those risks

A

Risk Profile

153
Q

A record of identified Risks relating to an initiative, including their status and history.

A

Risk Register

154
Q

Actions that may be taken to bring a situation to a level where exposure to risk is acceptable to the organization. These responses fall into a number of risk responses categories.

A

Risk Response

155
Q

A category of risk response
For threats they are: avoid, reduce, transfer, accept, share
For opportunities they are: exploit, enhance, reject or share

A

Risk Response Category

156
Q

The threshold levels of risk exposures which, when exceeded , will trigger an Exception Report to bring the situation to attention of the Project Board.
Risk tolerances could include limits on the plan´s aggregated risks ( e.g. costs <10% of the plan´s budget) or limit on any individual threat.

A

Risk Tolerance

Risk tolerance is documented on the Risk Management Strategy

157
Q

A line, drawn on the summary risk profile, Risks that appear above the line cannot be accepted ( live with) without referring then to a higher authority.
For a project, the Project Manager would refer these risks to the Project Board.

A

Risk Tolerance Line

158
Q

A description of the set of responsibilities specific to a role

A

Role Description

159
Q

Graphical representation of a plan, typically describing a sequence of tasks, together with resources allocation, which collectively deliver the plan.

A

Schedule
In PRICE2 project activities should be only documented in the schedules associated with a
Project Plan
Stage Plan
Team Pan
Actions that are allocated from day to day may be documented in the relevant project log ( Risk register, Daily log, Issue register, quality register ) if they do not require significant activity

160
Q

For a plan, the sum total of its products and the extend of their requirements. It sis described by the product breakdown structure for the plan and associated Product description

A

Scope

161
Q

The permissible deviation in a plan´s scope that is allowed before the deviation needs to be escalated to the next level of management. Scope tolerance is documented in the respective plan in the for of a note or reference to the product breakdown structure for that plan

A

Scope Tolerance

162
Q

Individual responsible for ensuring that a project or a programme of change meets ist objectives and delivers the projected benefits.
Owner of the overall business change that is being supported by the project.

A

SRO Senior Responsible Owner

The SRO appoints the project´s Executive ( or in some cases may elect to be the Executive).

163
Q

The Project Board Role that provides knowledge and experience of the main discipline(a) involved in the production of the project´s deliverable(s).

A

Senior Supplier

Senior Supplier represents the supplier interests within the project and provides supplier resources.

164
Q

The Project Board role accountable for ensuring that user needs are specified correctly and that the solution meets those needs.

A

Senior User

165
Q

A risk response to either a threat or an opportunity through the application of a pay/gain formula: both parties share the gain ( within pre agreed limits ) if the cost is less than the cost plan and both share the pain ( agree with pre agreed limits ) if the cost plan exceeded.

A

Share ( risk response )

166
Q

A product whose development is the subject of the plan,

The specialist product are specific to an individual project, They are also known as a deliverable or output.

A

Specialist Product

167
Q

The main driving force behind a programme or a project. PRINCE2 does not define a role for the sponsor, but the sponsor is most likely to be the Executive on the Project Board or the person that has appointed the Executive.

A

Sponsor

168
Q

A detailed plan used as the basis for project management control throughout a stage.

A

Stage Plan

169
Q

Any individual, group, or organization that can affect, be affected by, or perceive itself to be affected by an initiative (programme, project, activity, risk ) .

A

Stakeholder

170
Q

The pre project activities undertaken by the executive and the project manager to produce the outline business case, project brief and initiation stage plan

A

Start-up

171
Q

An approach or line to take, designated to achieve a long-term aim.

A 
Strategy
PRINCE2 defines 5 strategies
Communication Management Strategy
Configuration Management Strategy
Quality Management Strategy
Risk Management Strategy
172
Q

The person, group or groups responsible for the supply of the project’s specialist products.

A

Supplier

173
Q

The appropriate use of PRINCE2 on any given project, ensuring that there is the correct amount of planning, control ,governance, and use of the processes and themes.

A

Tailoring

174
Q

The person responsible for the production of those products allocated by the project manager ( as defined in a work package) to an appropriate quality, timescale, and at a cost acceptable to the project board.
This role reports to and takes directions from the Project Manager.

A

Team Manager

If a Team Manager is not assigned then the Project Manager undertakes the responsibilities of the Team Manager Role.

175
Q

An optional level of plan used as the basis for team management control when executing Work Packages

A

Team Plan

176
Q

A method of grouping work together by the set of techniques used or the products created. This results in stages covering elements such design, build, and implementation. Such stages are technical stages an dare a separate concept from management stages.

A

Technical Stage

177
Q

An aspect of project management that need to be continually addressed and that requires specific treatment for the PRINCE2 processes to be effective.

A

Theme

178
Q

The permissible deviation in a plan´s time that is allowed before the deviation needs to be escalated to the next level if management.

A

Time Tolerance

Time tolerance is documented in the respective plan.

179
Q

A management control that is periodic in nature, to enable the next higher authority to monitor progress.

A

Time Driven Controls
PRINCE offers 2 key driven progress report
Checkpoint Report
Highlight Report

180
Q

The permissible deviation above and below a plan´s target for time and cost without escalating the deviation to the next level of management.

A 
Tolerance
There may be tolerance level for
Quality
Scope
Benefits
Risks
Tolerance is applied at project, stage and team levels.
181
Q

A response to a threat where third party takes on responsibility for some of the financial impact of the threat ( for example through insurance or by means of appropriate clauses in contract).

A

Transfer (risk response )

182
Q

An event decision that triggers a PRINCE 2 Process.

A

Trigger

183
Q

A specific type of acceptance by the person or group who will use the product once it is handed over into the operational environment

A

User Acceptance

184
Q

A variation on a baselined product

A

Variant

185
Q

A specific baseline for a product.

A

Version

186
Q

A development approach that is linear and sequential with distinct goals for each phase of development.

A

Waterfall Method

187
Q

The set of information relevant to the creation of one or more products, It will contain a description of the work, the Product Description(s) , details of any constraints on production, and confirmation of the agreement between the Project Manager and the person or Team Manager who is to implement the Work Package that the work can be done within constraints.

A

Work Package

PRINCE2 (2 decks)

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