How to manage a project using Prince2?

 Prince2

The Prince2 is made up of 7 principles, 7 themes, and 7 Processes that can be tailored and applied to different project and organizations.

 

Prince2 principle is output oriented. When we do something then we create something, this something is nothing, but Product. If Product is not created then it is not Prince2 principle.

 

Three Concepts of project:-

1.       Every project will have business case, if business case is not then it is not project.

2.       Business cases should be revisited, after completion of each stages and verify that it fulfill the business cases or not.

3.       If business case changes, then we should be evaluate whether we should continue the project or not.

7 Principles of Prince2

1.       Continued business justification: there must be a justifiable reason to be running and managing the project. If not, the project should be closed.

2.       Learn from experience: PRINCE2 project teams should continually seek and draw on lessons learned from previous work.

3.       Defined roles and responsibilities: the PRINCE2 project team should have a clear organizational structure and involve the right people in the right tasks.

4.       Manage by stages: PRINCE2 projects should be planned, monitored and controlled on a stage-by-stage basis.

5.       Manage by exception: People working within the project should be given the right amount of authority to effectively work within the environment.

6.       Focus on products: PRINCE2 projects focus on the product definition, delivery and quality requirements.

7.       Tailor to suit the project environment: PRINCE2 must be tailored to suit the project’s environment, size, complexity, importance, capability and risk.

7 Themes of Prince2 :

1.       Business case: Business create and maintain a record of the business justification for the project.

2.       Organization: Organization means define the individual roles and responsibilities of the whole project team.

3.       Quality: what the quality requirements and measures are and how the project will deliver them.

4.       Plans: The steps required to develop the plans and the PRINCE2 techniques that should be used.

5.       Risk: Effectively identify risks and opportunities that could impact the project.

6.       Change: How the project manager will assess and act on changes to the project.

7.       Progress: The ongoing viability and performance of the plans and how and whether the project should proceed.

7 Process of Prince 2:-

1.       Starting up a project.

2.       Directing a project.

3.       Initiating a project.

4.       Controlling a stage.

5.       Managing product delivery.

6.       Managing stage boundaries.

7.       Closing a project.

 

 

Bibliography:

https://www.axelos.com/best-practice-solutions/prince2/what-is-prince2