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Prince2 Project Management

Prince2 Project Management

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Published by projectmanager
PRINCE2 project management methodology is a process-driven project management method which contrasts with reactive/adaptive methods developed by Office of Government Commerce (OGC). Check out more details at http://online-project-management-training.com
PRINCE2 project management methodology is a process-driven project management method which contrasts with reactive/adaptive methods developed by Office of Government Commerce (OGC). Check out more details at http://online-project-management-training.com

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Published by: projectmanager on Jan 21, 2008
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02/15/2013

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Prince2 Project Management
PRINCE2 project management methodology
is a process-driven project managementmethod which contrasts with reactive/adaptive methods developed by Office of GovernmentCommerce (OGC). PRINCE2 defines 45 separate sub-processes and organizes these intoeight processes as follows:
Starting up a project (SU)
 In this process the project team is appointed and a project brief (describing what the project isgoing to achieve and the business justification for doing so) is prepared. In addition theoverall approach to be taken is decided and the next stage of the project is planned. Once thiswork is done, the project board is asked to authorize the next stage, that of initiating theproject.
Planning (PL)
 PRINCE2 project management method advocates product based planning which means thatthe first task when planning is to identify and analyze products. Once the activities requiredto create these products are identified then it is possible to estimate the effort required foreach and then schedule activities into a plan. There is always risk associated with any work and this must be analyzed. Finally, this process suggests how the format of plans can beagreed and ensures that plans are completed to such a format.
Initiating a project (IP)
 This process builds on the work of the Start Up (SU) activity and the project brief is thenform into a Business Case. The approach taken to ensure quality on the project is agreedtogether with the overall approach to controlling the project itself. Project files are alsocreated as is an overall plan for the project. A plan for the next stage of the project is alsocreated. The result can be put before the project board for them to authorize the project itself.
Directing a project (DP)
 These sub-processes dictate how the Project Board should control the overall project. Asmentioned above, the project board can authorize an initiation stage and can also authorize aproject. Directing a Project also dictates how the project board should authorize a stage plan,including any stage plan that replaces an existing stage plan due to slippage or otherunforeseen circumstances. Also covered is the way in which the board can give ad hocdirection to a project and the way in which a project should be closed down.
Controlling a stage (CS)
 PRINCE2 project management method suggests that projects should be broken down intostages and these sub-processes dictate how each individual stage should be controlled. Mostfundamentally this includes the way in which work packages are authorized and received. Italso specifies the way in which progress should be monitored and how the highlights of theprogress should be reported to the project board. A means for capturing and assessing projectissues is suggested together with the way in which corrective action should be taken. It alsolays down the method by which certain project issues should be escalated to the project board.

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