Please find below the details of the 7 Principles of Prince2. Be free to use this to become even more succesful in your projects.
The continued business justification principle supports the need for a documented justification at the start and during the project, so that decisions can be made with the business value in mind. The Business Case is regularly reviewed during the project to check its continued business justification.
detailsEach role in the project management team has a defined role and agreed responsibility, so to summarize the principle of “Defined Roles and Responsibilities,” a good Project Management structure answers the questions “What is expected of me?”, “What can I expect from others?”, and “Who makes what decisions?”.
detailsThe Focus on Products principle states that a 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. The Plans theme supports the Focus on Products principle as Product Descriptions are created as part of Product-Based Planning.
details“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.
detailsManage 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. Tolerances: 1 Time, 2 Cost, 3 Quality, 4 Scope, 5 Risk, 6 Benefit.
detailsThere are a minimum of two management stages in a project: the Initiation Stage and one further Management Stage. The Closing a Project process is then the last part of the 2nd Stage in a two-stage project. A PRINCE2 project is planned, monitored and controlled on a stage-by-stage basis.
detailsThe purpose of tailoring is to ensure that the Project Method relates to the project's environment. Ensure that the project's controls and the way progress is measured and reported are based on the project's scale, complexity, importance, capability and risk. The PID should describe how it's tailored for the specific project.
detailsRead more how Mercurius Software will help and support in using the Principles of Prince2.
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