The Prince principles

PRINCE2 principles are universal, self-explanatory and enable the project manager to achieve results.

• Pr1: Business Case In a PRINCE2 project, testing with reference to the Business Case happens continually.

• Pr2: Continuous learning PRINCE2 project teams learn from previous experiences (lessons learnt are identified and recorded during execution).

• Pr3: Roles and responsibilities PRINCE2 projects have predetermined and agreed roles and responsibilities within the project organisation, so that the executive, users and suppliers can feel that they are given recognition.

• Pr4: Manage by stages A PRINCE2 project is planned, assessed and managed on a stage-by-stage basis.

• Pr5: Management by Exception A PRINCE2 project is characterized by particular tolerances for all project objectives (time as well as budget and quality of the to be delivered products).

• Pr6: Product-based focus A PRINCE2 project focuses on the definition and delivery of products. The scope and quality criteria are of particular importance.

• Pr7: Tailor PRINCE2 can take account of variances in relation to the size, environment, complexity and importance of a project, the competences of the participants and the associated risks of a project.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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