PRINCE2™

PRINCE2™ defines 8 processes, 8 components and 3 techniques that can be used to
manage a project successfully. The eight processes are:

Starting up a Project
Ensures the pre-requisites for initiating a project are in place.

Directing a Project
Aimed at the the project board, a group of managerial decision makers representing, the business, users, and suppliers.

Initiating a Project
Involves many activities including, planning and costing a project, defining how quality will be achieved, revising and confirming an acceptable business case exists.

Controlling a Stage
The monitoring and control activities of the Project manager, allocating work, ensuring that a stage remains on course, and handling unexpected events.

Managing Stage Boundaries
This process involves preparing for the next stage of the project and reviewing the current stage.

Managing Product Delivery
PRINCE2™ projects focus on the delivery of products. Products may be physical or intangible. Products are delivered in a timely manner and undergo quality checks and
quality reviews.

Planning
Identifying what products are to produced, the activities required to produce these products, estimated resources, scheduling the activities and analysing risks.

Closing a Project
Once the project has delivered all its products it is closed down, with final approval of the closure from the Project Board. Any lessons learned are recorded, and a post project review plan is created to later gauge the success of the project outcome.

The eight components are:
Business Case, Organisation, Plans, Controls, Management of risk, Quality in a project environment, Configuration management and Change Control .

The three techniques are:
Product-based Planning, Change Control and Quality Review.