Understand fundamental project management concepts and PRINCE2 integrated elements.
Covers the definition and characteristics of projects, project management, and the integrated elements of PRINCE2 (principles, people, practices, processes, and project context). Includes understanding the aspects of project performance to be managed, delivery approaches (linear-sequential, iterative-incremental, hybrid), common reasons for using project management, and the features and benefits of PRINCE2.
5 minutes
5 Questions
In the context of the PRINCE2 7 Foundation syllabus, the distinction between business-as-usual and project work is fundamental. A **project** is defined as a temporary organization created for the purpose of delivering one or more business products according to an agreed Business Case. Projects differ from daily operations through five key characteristics: they introduce **change**, they are **temporary** (with a distinct start and end), they are **cross-functional** (requiring diverse skills), they are **unique**, and they carry significant **uncertainty**.
**PRINCE2** (PRojects IN Controlled Environments) is a structured, tailorable method designed to manage this complexity. It focuses on controlling six performance aspects: **Cost, Time, Quality, Scope, Benefits,** and **Risk**.
The PRINCE2 7 framework is built upon four integrated elements:
1. **Principles:** The seven guiding obligations (e.g., 'Continued business justification', 'Defined roles and responsibilities') that act as the bedrock of the method. If these are not followed, it is not a PRINCE2 project.
2. **People:** A critical addition in version 7, this element emphasizes that projects are driven by human relationships, culture, and leadership, ensuring the needs and capabilities of stakeholders are integrated throughout.
3. **Practices:** (Formerly Themes) These represent the seven aspects of project management that must be addressed continuously, such as Risk, Quality, and Progress.
4. **Processes:** The seven steps of the project lifecycle, guiding the management team from 'Starting Up a Project' through delivery to 'Closing a Project'.
Ultimately, PRINCE2 ensures a project remains desirable, viable, and achievable, focusing on delivering value rather than just products.In the context of the PRINCE2 7 Foundation syllabus, the distinction between business-as-usual and project work is fundamental. A **project** is defined as a temporary organization created for the purpose of delivering one or more business products according to an agreed Business Case. Projects dif…