Apply and tailor project initiation to establish solid foundations.
Covers preparing management approaches (risk, quality, change control, communication), setting up project controls, creating the project plan, refining the business case, and assembling the Project Initiation Documentation (PID). Focuses on establishing solid foundations and analyzing whether approaches align with PRINCE2 practices.
5 minutes
5 Questions
In the context of PRINCE2 7, the 'Initiating a Project' (IP) process is the critical phase where the solid foundations for the project are established. It occurs within the initiation stage, immediately after the Project Board authorizes the project to proceed from the 'Starting a Project' process. Its primary purpose is to enable the organization to understand the work that needs to be done to deliver the project's products before committing to significant expenditure.
During this process, the Project Manager focuses on creating the Project Initiation Documentation (PID). This involves refining the preliminary estimates into detailed plans. Key activities include agreeing on how the PRINCE2 method will be tailored and defining the Management Approaches (formerly Strategies) for Quality, Risk, Change, and Issue management. Notably, PRINCE2 7 places specific emphasis here on defining the approach to sustainability and people management.
Simultaneously, the Project Plan is created to establish the project's baseline for time, cost, and scope. The Business Case is developed from an outline into a detailed justification, ensuring the project remains desirable, viable, and achievable. The Benefits Management Approach is also finalized to track value realization.
The process concludes when the PID is assembled and presented to the Project Board. This documentation acts as the 'contract' between the Project Manager and the Project Board, defining the who, what, why, where, when, and how of the project. If approved, it triggers the 'Directing a Project' process to authorize the next stage, effectively moving the project into delivery.In the context of PRINCE2 7, the 'Initiating a Project' (IP) process is the critical phase where the solid foundations for the project are established. It occurs within the initiation stage, immediately after the Project Board authorizes the project to proceed from the 'Starting a Project' process.…