Chapter 12: Progress Flashcards
What is the purpose of the Progress theme?
The purpose of the progress theme is to:
* establish mechanisms to monitor and compare actual achievements against those planned
* provide a forecast for the project’s objectives and continued viability
* control any unacceptable deviations.
What does Progress Control mean within Project Management?
Progress Control means measuring actual progress against the performance targets of time, cost, quality, scope, benefits and risk.
What PRINCE2 Principle is connected to the Progress theme?
Manage by exception Principle.
TRUE or FALSE:
Progress can be monitored at work package level, stage level and project level
TRUE
What are the minimum requirements for the Progress theme?
A PRINCE2 project must:
* define its approach to controlling progress in the PID
* be managed by stages
* set tolerances and be managed by exception against them
* review the business justification when exceptions are raised
* learn lessons
How does PRINCE2 ensure progress control?
Where should these means of progress control be documented?
- delegating authority from one level of management to the level below it
- dividing the project into management stage and authorizing the project one management stage at the time
- time-driven (i.e., at predefined periodic intervals) and event-driven (i.e., when a specific event occurs) progress reporting and reviews
- raising exceptions
The means of progress control should be documented in the PID
What are the 6 types of tolerances against which a PRINCE2 project is managed by exception?
Time
Cost
Quality
Scope
Benefits
Risk
The 6 types of tolerances against which a PRINCE2 project is managed by exceptions are time, cost, quality, scope, benefits, risk.
How can a Benefit tolerance be exceeded?
When there is failure to achieve an expected benefit, or when the resulting benefits of a project fall below the minimum threshold forecasted in the beginning of the project.
Who sets tolerances for the Project?
Who gets informed if there is a forecast that the project will deviate from the agreed-upon Project tolerances?
The corporate, programme management or the customer.
Who sets tolerances for the Stage?
Who gets informed if there is a forecast that the project will deviate from the agreed-upon Stage tolerances?
The Project Board.
Who sets tolerances for the Work Package?
Who gets informed if there is a forecast that the project will deviate from the agreed-upon Work Package tolerances?
The Project Manager
What are the two types of progress control?
- Event-driven control = takes place when a specific event occurs (e.g., the completion of PID or the end of a management stage)
- Time-driven control = takes place at predefined periodic intervals (e.g., producing highlight monthly reports for the project board)
Monitoring and reporting requires a time-driven approach, while control (decision-making) is an event-based activity.
What are the management products (documents) that assist the project manager in establishing baselines for project control?
btw, “establishing baselines for project control” means defining and documenting the initial, planned state or expectations for key project parameters (e.g., scope, schedule, cost) at the beginning of the project
- Project plan - includes the project-level performance targets and tolerances
- Stage plan - forms the basis of the day-to-day control of the management stage and detail stage-level tolerances
- Exception plan - may be request by the project board after considering an exception report
- Work package - forms an agreement between the project manager and the team manager as to the work to be completed within defined tolerances.
As part of controlling a stage, the project manager will regularly review the progress of work through checkpoint reports and maintain project registers and logs. What document will the project manager update using this information?
The PM will use the checkpoint reports, project registers and log to update the STAGE PLAN with actual progress achieved.
What are the management products (documents) that assist the project team and the corporate/programme/customer in reviewing progress?
- Issue register = contains details of all formal issues raised during the project
- Product status account = provides a snapshot of the status of the products within the project, management stage or a particular area of the project
- Quality register = records all planned and implemented quality activities
- Risk register = records identified risks