PRINCE2 (PRojects IN Controlled Environments) what are the benefits? PRINCE2 is predictable. Utilises best practice. Standardisation. Time and cost effective. Tried and tested. Free to use. What is project management? Project management is the planning, delegating, monitoring and control of all aspects of the project, and the motivation of those involved, to achieve the project objectives within the expected performance targets for time, cost, quality, scope, benefits and risk. Given that projects are how we introduce a change, and that project work entails a higher degree of risk than many other business activities, it follows that implementing a secure, consistent, well-proven approach to project management is a valuable business investment. What is it we wish to control? There are six aspects of project performance to be managed. (Tolerances) Costs Timescales Quality Scope Benefits Risk PRINCE2 and delivery approaches The project approach is the way in which the work of the project is to be delivered. Waterfall Approach agile Approach Where each of the delivery steps to create the products takes place in sequence and the product is made available during or at the end of the project. Often, but not exclusively, used for software development where requirements gathering, design, coding and testing all take place iteratively through the project. PRINCE2 principles To be following PRINCE2, these 7 principles must be adopted when managing a project. 001. Learn from Experience 002. 003. Defined Roles and Responsibilities Manage by Stages 004. 005. Manage by Exception 006.Focus on Products 007. Tailor to Suit the Project Continued Business Justification Tailoring a project Tailoring is concerned with the appropriate use of PRINCE2 on any given project. What can be tailored? Processes. Roles. Themes. Management Products. Terminology PRINCE2 Themes The themes describe aspects of project management that must be addressed continually as the project progresses through its lifecycle. Themes Change What is the impact? Quality What? Progress Where are we now? Where are we going? Should we carry on? Organisation Who? Risk What if? Plans How? How much? When? Business Case Why? The MoSCoW technique MoSCoW can be used in a range of prioritization contexts. Must Have Should have The acceptance criteria or quality criteria define what is essential and critical to the business justification of the project. The acceptance or quality criteria define what is important, but not critical, to the business justification of the project. Could Have Won’t have (this time) The acceptance or quality criteria define what is useful, but not critical, to the business justification of the project. The acceptance criteria or quality criteria define what has been considered but will not be delivered. prince2 processes A process is a structured set of activities designed to accomplish a specific objective. 001. Directing a Project 002. 003. Initiating a Project Controlling a Stage 004. 005. Managing Product Delivery Managing a Stage Boundary 006. 007. Closing a Project Starting Up a Project product descriptions There are three types of management product. Baselines Benefits Management Approach Project Brief Project Initiation Documentation Business Case Change Control Approach Communication Management Approach Project Product Description Quality Management Approach Plan Risk Management Approach Product Description Work Package records Configuration Item Record Lessons Log Daily Log Quality Register Issue Register Risk Register reports Checkpoint Report Highlight Report End Project Report Issue Report End Stage Report Lessons Report Exception Report Product Status Account roles within prince2 In order to meet the needs of different projects, roles may be tailored. Project Board Executive Senior User Senior Supplier Project Manager Team Manager Project Assurance Change Authority Project Support A Definitions What does it mean? Z portfolio The totality of an organization’s investment (or segment thereof) in the changes required to achieve its strategic objectives. Management stage The section of a project that the project manager is managing on behalf of the project board at any one time, at the end of which the project board will wish to review progress to date, the state of the project plan, the business case and risks and the next stage plan, in order to decide whether to continue with the project. Stakeholder Any individual, group or organization that can affect, be affected by, or perceive itself to be affected by, an initiative (i.e. programme, project, activity or risk). Risk An uncertain event or set of events that, should it occur, will have an effect on the achievement of objectives. A risk is measured by a combination of the probability of a perceived threat or opportunity occurring, and the magnitude of its impact on objectives. Baseline Reference levels against which an entity is monitored and controlled.