PRINCE2 Overview Flashcards
Be able to delineate what the PRINCE2 Principles/Practices and Processes are as well as the 5 Key Integrated Elements (27 cards)
What does PRINCE2 stand for?
PRojects IN Controlled Environments, version 2
How many principles are defined in PRINCE2?
Seven principles
True or False: PRINCE2 is a project management method that is only applicable to large projects.
False
Fill in the blank: The seven principles of PRINCE2 include continued business justification, learning from experience, and __________.
defined roles and responsibilities
What is the purpose of the ‘Starting up a Project’ process in PRINCE2?
To ensure that the project is viable and worth the investment.
Which PRINCE2 principle emphasizes the need for a project to have a clear justification?
Continued business justification
What are the five process groups in PRINCE2?
Starting up a Project, Initiating a Project, Controlling a Stage, Managing Product Delivery, Closing a Project
True or False: The ‘Managing Stage Boundaries’ process allows for the review of progress and planning for the next stage.
True
What key document is created during the ‘Initiating a Project’ process?
Project Initiation Document (PID)
Which principle states that projects should be tailored to suit the project environment?
Tailor to suit the project
What role does the Project Board serve in PRINCE2?
To provide overall direction and decision-making authority for the project.
Fill in the blank: The ‘Controlling a Stage’ process focuses on monitoring project __________.
progress and performance
What is the main focus of the ‘Managing Product Delivery’ process?
To ensure that project deliverables are produced and delivered as planned.
True or False: PRINCE2 processes are sequential and cannot overlap.
False
What is the role of the Project Manager in PRINCE2?
To manage the project on a day-to-day basis.
Which principle encourages teams to reflect on lessons learned throughout the project?
Learn from experience
What is the significance of the ‘Closing a Project’ process?
To formally close the project and evaluate its success.
Fill in the blank: In PRINCE2, a __________ is a measurable outcome of a project.
product
What role does the ‘Project Assurance’ function serve in PRINCE2?
To ensure that the project is being conducted properly and meets quality standards.
True or False: The PRINCE2 method can be applied in a variety of project environments and industries.
True
What is the key benefit of using PRINCE2 practices?
To provide a structured approach to project management.
Which document outlines the project’s objectives, scope, and constraints?
Project Brief
What is the purpose of the ‘Quality’ theme in PRINCE2?
To ensure that the project’s products meet the required quality standards.
Fill in the blank: The __________ theme in PRINCE2 focuses on identifying and managing risks throughout the project.
Risk
