Prince2 Flashcards
(30 cards)
What is the difference between an issue and a risk?
Issue = happening now, needs action. Risk = might happen in future, needs planning.
What does the ‘Managing a Stage Boundary’ process do?
Reviews current stage, creates the next stage plan for approval.
Who is responsible for directing a project?
The Project Board
What does the issues practice control?
Unplanned changes and modifications to approved management products
What is a business objective?
Measurable target that helps deliver organisational strategy.
What principle is applied when a project is closed due to changes in the external environment?
Ensure continued business justification
How do data and systems support progress management?
By providing accurate information to predict project performance
What is the purpose of the plans practice?
To enable the project manager to control the project by defining who will deliver the products, and when to deliver them
Which is a purpose of the ‘directing a project’ process?
To retain accountability of the project board while delegating the detailed management work
What is the purpose of the change management approach?
To describe how the business will move from the current ways of working to the target state
What is the purpose of the quality practice?
To define how the project’s products will be tested to obtain their acceptance
What is a business case?
A document providing justification for the project, showing benefits, costs, and risks
What are the 7 PRINCE2 principles?
Continued Business Justification, Learn from Experience, Defined Roles and Responsibilities, Manage by Stages, Manage by Exception, Focus on Products, Tailor to Suit the Project
What is the difference between benefits and outputs?
Outputs are the deliverables; benefits are the positive impacts from using outputs
What is risk management in PRINCE2?
The process of identifying, assessing, and controlling risks and opportunities
What is a project mandate?
The initial document that authorizes the start of a project
What is the role of the senior user?
Represents the users’ interests and benefits realization
What is a work package?
A set of related tasks assigned to a team or individual for delivery
What is managing by exception?
Allowing decisions to be escalated only if tolerances are exceeded
What is the purpose of the business case?
To provide the justification for the project, updated throughout the project
What is an issue in PRINCE2?
A current problem or concern that needs to be managed
What is the project brief?
A document that provides a high-level overview of the project
What is a highlight report?
A report summarizing progress, issues, and risks for the project board
What is the purpose of the ‘starting up a project’ process?
To ensure that prerequisites for initiating the project are in place
