Starting up a project Flashcards
What is the purpose of the “Project Initiation” process in PRINCE2?
To ensure that the prerequisites for initiating a project are in place, assessing whether the project is feasible and worth starting.
What needs to be established before beginning to plan a PRINCE2 project?
To confirm that the necessary foundational information for rational decisions is defined and that key roles and responsibilities are allocated.
What are the main objectives of the “Project Initiation” process?
To establish a business justification, necessary authority, scope definition, project approach selection, and initiation planning.
Why is the “Project Initiation” process essential?
To prevent wasting resources on projects based on shaky assumptions.
What triggers the initiation of a project in PRINCE2?
The project mandate, provided by a sponsoring authority, such as corporate, program management, or the customer.
What information does the project mandate contain?
It provides the project’s terms of reference and identifies at least the potential executive of the project board.
What is the purpose of the project brief in PRINCE2?
To provide the project board with sufficient information to decide whether to initiate the project.
How does the effort required in Project Initiation vary in PRINCE2?
It varies significantly from project to project; in program projects, much of the work is reduced as the program provides the project brief and appoints project board members.
What activity is crucial during Project Initiation?
Regular and frequent interaction between the project manager, project board members, and other stakeholders to clearly define requirements.
How is the outline business case developed during the Project Initiation process?
It is elaborated and refined in parallel with the project brief and then extended into the PID during the Project Initiation process.
What is the first step in the PRINCE2 project initiation process?
Appointment of the executive and project manager, which is crucial for project decision-making and day-to-day management.
What is the role of the executive in a PRINCE2 project?
They represent the business interests and ensure that the project is justified and aligned with the business needs.
What is the role of the project manager in PRINCE2?
To manage the project day-to-day on behalf of the executive and ensure that the project progresses according to the plan.
Who appoints the executive and project manager in PRINCE2?
The sponsoring organization, such as corporate, program management, or the customer, appoints the executive, while the executive appoints the project manager.
What is the Daily Log in PRINCE2?
It is a repository for project information that has not yet been captured elsewhere, used to record daily notes and decisions.
Why is it important to capture lessons from previous projects in PRINCE2?
Lessons learned from previous projects can influence the design of the management team, the preliminary business case, the project brief, and the phase plan for initiation.
What is the first step in capturing lessons learned?
Create a lessons log to document experiences and insights gathered from similar previous projects.
Who creates the lessons log and who reviews it?
The lessons log is created by the project manager and reviewed by the executive.
How are lessons learned collected from previous projects?
Review related lessons from similar projects, including the results of project audits and reviews, and consult individuals with relevant experience.
How can lessons be effectively captured during project initiation?
Organize a workshop with stakeholders and those who have worked on similar projects to share and document lessons learned.
What should be done when transitioning from an overview to a detailed view in the PRINCE2 process?
Repeat the lessons collection activity to include any relevant external lessons that may have emerged.
Why is the project management team structure important in PRINCE2?
It ensures that the right people are in the right roles with the authority, responsibility, and knowledge needed to make timely decisions, representing the interests of all involved parties.