PRINCE2 Principles: The PRINCE2 technique is based on the 7s. Models for all of the concepts, topics, and processes are in place here.
The 7 Principles of Prince2
There are seven basic concepts that form the foundation of PRINCE2. A good practice is guided by these guiding principles:
- Persistent Commercial Justification
A project’s financial viability is critical To justify the expenditure of time and money, the return on investment must be clearly defined.
- Learn from Your Own Mistakes.
The lessons learned from prior projects should be taken into consideration by project teams. This is why a lesson journal is maintained up to date.
- Define roles and responsibilities
In a project, all participants should be aware of what they and others are doing at any given time. Knowing who the decision-makers are is part of this.
- Stages of management
Tasks that are difficult to complete are best served by being broken down into smaller, more manageable parts.
- Exceptional management is the key to success.
Managers don’t have to do much to keep a project going well. In the event of an issue, the project board is only made aware.
- Pay Attention to the Products
Everyone should know what they may anticipate from the product before they start working on it. It’s not the other way around when it comes to product needs and job activities.
- Adapt to the Situation
PRINCE2 Certification is scalable and customizable. Projects that tailor PRINCE2 to their own requirements are more likely to succeed than those that adhere to the framework rigidly.
The 7 themes of Prince2
Insight into the project’s management may be gained via the use of themes. Knowledge fields, or how concepts are put into practice, may be thought of as these areas. They’re put in place at the start of the project and watched during the course of it. Constantly addressing the following topics keeps projects on the right track:
- The Business Case
Linked to the notion of continuing business rationale. Whether or if a project is useful and attainable is covered in this topic.
- Initiation of Action
The notion of defining roles and duties. Project managers must keep track of everyone’s roles and duties as part of the organization theme.
- Quality of the product.
About the notion of placing emphasis on items. Defining quality at the start of a project is essential to ensuring that the job is completed on time and on budget.
A plan lays out the steps that will be taken to accomplish a goal. An emphasis is placed on the items and their associated timetables as well as their associated costs and advantages.
- High level of risk
Uncertain events in a project may be identified, evaluated, and controlled with the use of this subject. In a risk log, these are noted. Threats, on the other hand, are referred to as opportunities.
- Make a new start
This topic focuses on dealing with difficulties and modification requests that may develop over the course of a project. Before implementing any changes, the goal is to ensure that everyone is on the same page.
- Progress is being made in this area.
Tracking a project’s progress is essential. This helps project managers to keep track of where they are in relation to the plan and to monitor their progress. By not tracking, you may be unaware that your project is veering off the tracks without this or any other theme.
The 7 Steps of Prince2
Additionally, the PRINCE2 methodology divides a project’s management into seven distinct procedures. The project manager and the project board approve each one. The following is a breakdown of each phase:
- Getting a Project Started (SU)
It is important to establish a project mandate that addresses all of the logistical issues concerning the project by Sprintzeal. It describes the project’s purpose, who will carry it out, and how it will be accomplished.
- With these pieces of information and others gathered together, a project brief is created.
- All of the information needed for the next step is provided in a brief that is given to a group of people.
- A Project’s Initiation (IP)
What has to be done to complete the project is the focus of this phase. There are a number of performance objectives that the project manager outlines:
- Directing a Project (DP)
From the beginning until the finish of a project, this is a continual process These are the responsibilities of the project board:
- Stage boundaries.
- On-the-spot guidance/direction
- The end of the project
- Controlling a Stage (CS)
Work packages are created by project managers in order to break down the project into smaller, more manageable tasks. Assigned to teams and managers, they can be found. As a result of this, the project manager is responsible for the following:
- Monitoring and reporting on the progress of the work package
- Assisting in the resolution of issues
These are the responsibilities of the team manager:
- Managing one’s everyday activities
- Team members and project management should be able to communicate effectively.
- Managing the Delivery of Products (MP)
Communication between the project manager and team manager is managed in this way. Activities that makeup MP include:
- Accepting the terms of a job offer
- Completing a work order.
- Completing a project
- Assisting with Stage Boundary Management (SB)
Every stage of the project is scrutinized by the project manager and the board. When it comes to deciding whether or not to move forward with the project, the board has the last say. Meeting with the team to document the lessons learned for the next step is a regular practice for the project manager These are some of the activities that are part of SB:
- Organize the next step
- A project plan should be updated
- Ensure that the business case is up to date.
- Report the conclusion of the stage or come up with a contingency plan
- Closing a Project (CP)
- Remove the project from service.
- Identify the next steps to take
- Conduct project and benefit evaluations
- Make use of the resources that are no longer needed.
- Make sure customers get what they paid for