Prince 2 is the project management certification offered by Axelos. PRINCE is the abbreviation for Projects IN Controlled Environment. This is a highly preferred certification for Project Managers who want to manage large and complex projects. Prince2 has 7 stages which are also called processes. It was exclusively developed for project management for the UK government.
However, in 2017 the rights for the certification were transferred to Axelos. Axelos is the certifying body that organizes the certification examination of Prince2 processes. There is 2 division in Prince2, 1 is a Prince2 foundation exam and another is Prince2 practitioner examination.
The Prince2 foundation consists of the following key benefits
This is the first step in the Prince2 processes of Project Management. The following are the steps to achieve success in the first process.
2) Directing the project
In this step prepare for the direction for the project by getting the authority and authorization to proceed further without interruption. The steps in this process are as follows,
This is the most important step as this is towards the project manager. The plans are made and they directly impact the rest of the projects. Here the maximum work is done. These steps are critical for the success of the project. The following are the steps in the project.
In this process, we need to outline the project manager's responsibility for the goals of the project. The project manager's responsibilities are outlined in the Project Initiation Document or the PID. The following are the steps the project manager has to do,
4) Controlling a stage
In this stage, the steps from authorization to providing direction and the responsibilities of the project manager are outlined. This is a controlling process where any preventive or corrective actions are performed, improvements are suggested, and root cause analysis along with the improvement plans and feedback plans are made.
5) Managing product delivery
This is an important step where the work is executed and the delivery of the product is done. The project manager needs to ensure that the project goes as per the plans and directions provided earlier. The project manager has to manage the project in such a way that the project does not fail and take steps to maneuver the project continuously in the right way. The project manager must manage with a lot of care, and ensure risks are mitigated, the issues and problems are solved. There are few steps done by the Project Manager in this process and they are as follows,
6) Managing the state boundaries
In this step, the Project Manager must understand where exactly the project is and what the current stage is and what the future output is. The project current stage is known and succeeding steps are approved. Also, the necessary changes to the Project Initiation Document that is necessary for the future case study as well as to know the corrective action, feedback, the RCA, and the learnings to the project are done. Ensure the failed steps are not repeated in the future and success steps are taken for future use cases. The learnings may be addressing the risks, managing the resources, managing the budget, solutions to the problems, managing the team, etc. The few steps in this process are as follows,
7) Closing a Project
In this step, the project manager has important responsibilities. The project closure is communicated to the top management. Then the customer sign off for the successful project is obtained, if the project is failed then the project is abandoned and the study is completed. The reason for the failure is observed, communicated, and documented. The alternate methods and direction are studied and a new use case is made. The same is communicated to the management and customer. Perhaps, the new Proof of Concept is made and the existing POC is closed with lessons learned. The following steps are done at this stage, they are as follows,
In this blog, the Prince2 processes are explained in detail and a detailed study has been made to make you understand the 7 Prince2 processes and how each one is important in the Project Management Life Cycle. This article will help you with the Prince2 Foundation and Prince2 practitioner examinations.
However, we suggest that you enroll for the Prince2 Certification Training at StarAgile for further and thorough enhancement of the knowledge. Keep Learning!!!
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