Tittle

Introduction

PRINCE2 is a registered trade mark of the Cabinet Office. The Swirl logo is a trade mark of the Cabinet Office.

Introduction
Lesson Objectives Introduction to PRINCE2

Definition of project and its importance

Characteristics of a project: change, cross-functional, temporary, unique, uncertainty Responsibilities of a Project Manager Six variables/aspects of project performance that need to be controlled

Structure of PRINCE2: principles, themes, processes, tailoring PRINCE2 to the project environment
Benefits of using PRINCE2

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Introduction
PRINCE2 Acronym for Projects in a Controlled Environment A structured project management method Non-proprietary method Truly generic Developed by UK Office of Government Commerce Now owned by the cabinet office

Importance of Projects Projects are means by which change is introduced Management focus is on achieving a balance between business as usual and business change

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Introduction
What is a Project? It is a temporary organization created for the purpose of delivering one or more business products in accordance with an agreed Business Case. Important characteristics of a Project Change: Projects are means by which change is introduced Temporary: Ceases to exist after the desired objectives are met Cross-functional: Cross the normal functional divisions in an organization and may span entirely different organizations Unique: Two or more projects may be similar but differ in some particular aspect Uncertainty: Threats and opportunities affect the project and introduces the element of risk

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Introduction
What does a Project Manager do? Plans the sequence of activities Delegates work to others in the team Monitors project progress in accordance with the Project Plan Exerts control when progress does not match plan What needs to be controlled? The six variables/aspects of project performance that needs to be controlled are: Costs Timescales Quality Scope Risk Benefits

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Introduction
Structure of PRINCE2 PRINCE2 addresses project management with four integrated elements of principles, themes, processes and tailoring PRINCE2 to project environment Principles are guiding obligations and good practices to determine that a project is truly managed using PRINCE2 Themes describe aspects of Project Management that must be continually addressed in parallel throughout the project Processes describe a step-wise progression through the project life cycle Tailoring PRINCE2 to the project environment addresses the need to tailor PRINCE2 to the context of the project Specialist aspects, detailed techniques and leadership capability are outside the scope of PRINCE2

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Introduction
Benefits of using PRINCE2 Embodies established and proved best practices Can be applied to any type of project Widely recognized and understood Provides explicit recognition of project responsibilities Clarifies what a project will deliver, why, when, by whom and for whom Plans are carefully designed Enables management by exception Ensures participant focus on viability of the project

Defines thorough and economical reporting structure

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Introduction
In this chapter, we have learnt about: Introduction to PRINCE2 Definition of project and its importance Characteristics of a project: change, cross-functional, temporary, unique, uncertainty Responsibilities of a Project Manager Six variables/aspects of project performance that need to be controlled Structure of PRINCE2: principles, themes, processes, tailoring PRINCE2 to the project environment Benefits of using PRINCE2

2012 PROJstudy.com. All rights reserved