About Module 2: Overview of PRINCE2 principles and tailoring
This module is jam-packed with 8 video lessons. Here you will learn how to unlock the fundamental framework that is the cornerstone of the Method:
The PRINCE2 method is based on seven principles and are the guiding obligations that determine whether the project is genuinely being managed using PRINCE2.
This first lesson will cover how a PRINCE2 project is tailored, and the first principle of business justification.
- PRINCE2 Masterclass objectives
- New for PRINCE2 7th Edition
- Features and benefits of PRINCE2
- The FIVE integrated elements
- Causes of project failure
- PRINCE2 processes
- The definition of a PRINCE2 project
- Project characteristics
- Project management definition
- Project challenges
- Project performance management
- Project delivery methods
- Project layers and tolerances
- Project context
- The PRINCE2 practices and application
- Sustainability management
- Project scale
Module Content
Here you will learn the foundation and practitioner learning outcomes, of the ensure continued business justification principle and how this is tailored. Here you will learn that the PRINCE2 method is based on seven principles and are the guiding obligations that determine whether the project is genuinely being managed using PRINCE2.
'Here you will learn how the learn from experience principle is applied.
The PRINCE2 method is based on seven principles and are the guiding obligations that determine whether the project is genuinely being managed using PRINCE2.
This second lesson will cover the second principle of learn from experience, and that a PRINCE2 project team actively seeks, records, and implements improvements due to relevant lessons learned from prior projects and throughout the project’s life.
'Roles Responsibilities and Relationships' using PRINCE2 7th Edition - Grasp the definition of roles, responsibilities and relations within a project, and how this is applied to stakeholders
'Manage by Stages' using PRINCE2 7th Edition - Learn the advantages of the manage by stages principle, how it helps manage project risk, and how it can be tailored to suit linear and incremental projects
'Manage By Exception' using PRINCE2 7th Edition - Learn how to apply the manage by exception principle, and how it is used with the seven PRINCE2 tolerances, and that a PRINCE2 project establishes limits of delegated authority by defining tolerances for performance against its plans. Learn that a tolerance is the permissible deviation above and below the plan’s target for benefits, cost, time, quality, scope, sustainability, and risk without escalating the deviation to the next management level
'Focus on Products' using PRINCE2 7th Edition - Grasp the focus on products principle and how it is applied to management and specialist products. Learn that a product is an input or output, whether tangible or intangible, that can be described in advance, created, and tested, and that there are four product types.
Part 1 of learning the purpose and importance of tailoring a project and learn the purpose and importance of tailoring a project and examples of applying it. Learn how PRINCE2 is applied and tailored to suit the project environment, size, complexity, importance, delivery method, team capability, and level of risk.
'Tailor to Suit the Project - Part TWO' using PRINCE2 7th Edition - Part Two of learning the purpose and importance of tailoring a project and examples of applying it. Learn how PRINCE2 is applied and tailored to suit the project environment, size, complexity, importance, delivery method, team capability, and level of risk.
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