Module 1: Discovering PRINCE2 Structure, Benefits and Context

Lesson 1:  1.1 PRINCE2 Overview

PRINCE2 (Projects in Controlled Environments) is a widely recognized project management methodology that provides a structured approach to managing projects. The 7th Edition of PRINCE2, released in 2017, is the latest version of this framework. The key elements of PRINCE2 7th Edition include: Principles: The seven underlying principles that guide the application of PRINCE2, including "continued business justification," "learn from experience," and "tailor to suit the project environment." Practices: The seven practices that represent the aspects of project management that must be addressed throughout the project lifecycle, such as "organizing," "plans," and "risk." Processes: The seven processes that define the project lifecycle, from "starting a project" to "closing a project." The 7th Edition of PRINCE2 introduces several updates and enhancements compared to previous versions. Here you will learn about the integrated elements and the features and benefits of PRINCE2 7th Edition.

Lesson 2:  1.2 PRINCE2 Project Processes

Learn how PRINCE2 processes and stages work together, while defining a project and typical project management questions. PRINCE2 is a process-based approach for project management. There are seven processes in PRINCE2 that provide the set of activities required to direct, manage, and deliver a project successfully. The project lifecycle has three stages: an initiation stage, subsequent stages, and the final stage. There will always be a minimum of two stages: an initiation stage and a final stage; there may be any number of stages in between.

Lesson 3:  1.3 PRINCE2 Project Characteristics

You will learn there are five characteristics of a project that distinguish it from business as usual: change: projects are the means by which we introduce change. temporary: projects are temporary in nature. As projects are temporary, they should therefore have a defined start and a defined end. cross-functional: a project involves a team of people with different skills working together on a temporary basis to introduce a change that will impact others outside the team. unique: every project is unique. An organization may undertake many similar projects and establish a familiar, proven pattern of project activity, but each one will differ in a certain way. uncertainty: the characteristics already listed will introduce threats and opportunities over and above those typically encountered within business as usual. Projects are riskier than any operational aspects of an organization.

Members Only 1.4 Project Performance Management

Learn the SEVEN aspects of performance management, project delivery methods, project layers and tolerances. You will learn that the project’s performance target sets the expected success level against which the management of the project will be judged. PRINCE2 includes performance targets for benefits, cost, time, quality, scope, sustainability, and risk. Priorities should be established by agreeing on the project’s performance targets.

Members Only 1.5 Project Context

Learn the Context definitions of: Business: the organization that provides the project mandate and the structure within which the project is governed. User: the organization that will use the project products to enable it to gain the expected benefits. They may be internal or external to the business organization. Supplier: the organization that provides the expertise, people, and resources required to deliver the products required by the project. They may be internal or external to the business organization. Customer: where there is a commercial relationship between the business and the supplier, the business is regarded as the customer. Commercial context The business may have entered into a commercial relationship with a supplier to deliver products that fulfil the needs of the users as defined in the project’s business case. The organization delivering the project (the supplier) will do so to satisfy a particular need identified by the business (the customer).

Members Only 1.6.1 PRINCE2 Practices - Part ONE

PRINCE2 Practices - Part ONE Grasp an overview of the PRINCE2 Practices and learn how to describe the business, organizing and plans practices. You will learn that the strength of PRINCE2 is the way in which the seven practices are integrated, both in how they are used and link together across all the PRINCE2 processes. Here you will learn that a PRINCE2 practice is an aspect of project management that must be applied consistently throughout the project lifecycle, and they require specific treatment of that aspect of project management for the PRINCE2 processes to be effective. There are SEVEN Practices.

Members Only 1.6.2 PRINCE2 Practices - Part TWO

PRINCE2 Practices - Part TWO Grasp the quality, risk, issues and progress practices and how they are applied Here in Part TWO of the seven PRINCE2 Practices, you will learn an overview of the quality, risk, issues and progress practices The strength of PRINCE2 is the way in which the seven practices are integrated, both in how they are used and link together across all the PRINCE2 processes

Members Only 1.7 Project Sustainability

Project Sustainability Learn what sustainability is and its context in a PRINCE2 project. In this lesson you will learn that project sustainability is a business approach balancing the environmental, social, economic aspects of project-based working to meet the current needs of stakeholders without compromising or overburdening future generations. Learn how sustainability is also a new seventh project performance metric and hence also a new tolerance metric.

Members Only 1.8 Project Features and Benefits

Project Features and Benefits Define the PRINCE2 method features and the benefits derived from these, and how the method is applied for differing scales of project. Learn how PRINCE2 is flexible and based on proven principles, organizations adopting the method as a standard can substantially improve their organizational capability and maturity. You will also learn the seven PRINCE2 benefits that it is proven, universal, flexible, common language and concepts, part of an integrated suite of methods, outcome focused, and that it increases organizational maturity in addition to project scale.

Members Only Managing Successful Projects with PRINCE2 7th Edition

The manual Managing Successful Projects with PRINCE2 7th Edition is the official handbook for the PRINCE2 (PRojects IN Controlled Environments) project management methodology, published by PeopleCert.