Project managementLesson 1 of 1 in the course Stakeholders and methodologies

PRINCE2 Principles, Controls, Processes, and Practical Use

5 flashcards · 5 quiz questions · 5 match pairs · 5 fill-in sentences · English

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Summary

PRINCE2 is a structured project management method that helps teams organize work into manageable, controllable stages. This lesson introduces its origins and the principles that guide how it is applied.

PRINCE2 stands for PRojects IN Controlled Environments. It is both a project management method and the name of a practitioner certification programme. Its central approach is to divide projects into stages so that progress, decisions, and continued viability can be reviewed at manageable points.

All flashcards

What is PRINCE2?
A structured project management method and practitioner certification programme that divides projects into manageable, controllable stages.
How did PRINCE originate?
It grew out of PROMPT II, which the CCTA adopted as a UK government IT project management standard in 1989.
What does continued business justification mean?
Reviewing the business case throughout the project and stopping the project if it is no longer viable.
What is the purpose of learning from experience?
To record and consult lessons from projects so they inform actions or changes.
What does tailoring mean in PRINCE2?
Adapting the method to a project's size, complexity, importance, risk, and environment while preserving its principles.

Quiz questions

  1. What does the acronym PRINCE2 stand for?Answer: PRojects IN Controlled Environments.
  2. Which earlier method contributed to the development of PRINCE?Answer: PROMPT II.
  3. Why is the business case reviewed throughout a PRINCE2 project?Answer: To confirm that the project remains viable and justified.
  4. A project adapts PRINCE2 to its scale while retaining the method's principles. Which principle does this demonstrate?Answer: Tailor to suit the project.
  5. In PRINCE2, what does a tolerance define?Answer: A permitted limit for decisions made under delegated authority.

Based on the Wikipedia article PRINCE2, licensed CC BY-SA 4.0. Adapted into a summary, flashcards and quizzes.

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