PRINCE2 Project Management Flashcards

Flashcards based on lecture notes covering PRINCE2 project management principles and processes.

What is the purpose of a project according to PRINCE2?

To deliver one or more business products according to an agreed Business Case.

What is the crucial initial document that drives a project, outlining its justification and viability?

A Business Case.

What elements are typically included in a Business Case?

Reasons for the project, options considered, costs, cost/benefit analysis, scenario analysis, and a summary of major risks.

What is the purpose of a Project Brief?

The foundation for the initiation of a project, created in the first process (Starting Up A Project).

What key aspects does the Project Brief outline?

Project Definition,Outline Business Case, Project Product Description, Project Approach, Project Management Team Structure, Role Descriptions and References

During the 'Starting Up a Project' process, what key outputs are produced?

Outline Business Case, Project Brief, and Initiation Stage Plan.

What are the seven principles of PRINCE2 project management?

Continued Business Justification, Learn from Experience, Defined Roles and Responsibilities, Manage by Stages, Manage by Exception, Focus on products, and Tailor method to suit the project environment.

Name the seven themes of PRINCE2?

Business Case, Organisation, Quality, Plans, Risk, Change and Progress.

What roles should be put in place at the Startup of a project?

Project Executive and Project Manager

What is the most important decision when planning a PRINCE2 project?

Do we want to commit to run this project?

In PRINCE2 Projects, what are the products used for?

Milestones

What is the focus of managing a project?

Product rather than Process

What is the purpose of Exception Plans?

PRINCE2 provides the method for dealing with exceptional circumstances.

What is the Project Manager's main tasks at the End Stage?

Check that the current stage work is complete, or almost complete, Plan the next stage or if the end make sure everything is completed. Update the Business Case and Risk Log to reflect the latest information.