7 Principles of PRINCE2速
Introduction to PRINCE2® •
An acronym for PRojects IN Controlled Environments and commonly called PRINCE2®
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Implements effective Project Management skills for a successful completion of projects
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Avails guidance to the Projects Managers for conducting and managing the projects
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Assists in using the best methods that are well tested in industries
7 Principles of PRINCE2速 Business Justification
Learn from Stages
Roles & Responsibilities
Break work Into Stages
Manage by Exceptions (Board Members)
Focus on Project Quality
Tailor to suit the environment
Business Justification •
Project Initiation should take place with a clear understanding
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Focus should be on customer needs, real time benefits, and detailed cost calculation
Learn from Stages •
Every stage teaches the lesson to the project teams
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These should be considered as a feedback for the future assignments
Roles and Responsibilities •
Proper responsibilities should be assigned at the beginning of the Projects
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Team members should be aware of their own work, along with roles and responsibilities of other peers
Break Work Into Stages
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Projects must be broken into small phases
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Phases allows to review the work progress and analyze, if the project is following the right success path
Manage by Exceptions •
Project baseline is declared and the Project Managers are expected to meet the deadline
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If the project goes out of track, it can be taken over by the Project Board Members (only in exceptional cases) to make it reach the goal
Focus on Project Quality •
Quality register is used to keep the track of the progress of a Project
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The deliverables of the project are checked timely and compared against the defined targets
Tailor to Suit the Environment •
PRINCE2® methods must be tailored in adherence to the requirements of the project
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The oversized projects must be altered in terms of amount, depending upon the number of the team members involved
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