Required Prince Artifacts

There are essential artifacts required by a typical PRINCE2 project. First, the business case artifact used by PRINCE2 is a reasoning or justification of the project. After all, as mentioned in Chapter 1, companies must focus on pursuing only those key strategic projects that produce innovative products and services. Together with this, project managers must ensure that all project risks be identified in the business case.

The business case should be routinely updated to reflect any change to the project, should new risks be identified. It is true that much time is spent on the business case, but this ensures proper planning and coordination. Therefore, the business case gives a clear picture of what is to be delivered. At the start of a project, the product specification is drawn up, which reduces the risk of delivering the wrong product. Although the PRINCE2 methodology does not directly deal with social or "soft" management skills, such as negotiations, presentation techniques, coaching, or leadership, it is necessary for a project manager to possess these skills to be successful.

If your company plans to implement PRINCE2, you would most likely start by training your key staff on the best practices and detail on the methodology and then provide overview training to those who would need to be aware of the methodology. Advantages and disadvantages of using PRINCE2 are discussed in the following sections.

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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