Benefits of PRINCE2

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Benefits of PRINCE2

  1. 1. What is PRINCE2 www.projectingIT.com 1 PRINCE2Friday 8 February 13
  2. 2. in this session... > What is PRINCE2 > Benefits of using PRINCE2 > PRINCE2 Qualifications www.projectingIT.com 2 What is PRINCE2?Friday 8 February 13
  3. 3. What is PRINCE2? A method for managing projects www.projectingIT.com 3 What is PRINCE2?Friday 8 February 13
  4. 4. What is PRINCE2? The method can be used to run projects of any size and in any environment to effectively deliver projects www.projectingIT.com 4 What is PRINCE2?Friday 8 February 13
  5. 5. What is PRINCE2? > Who will do What > What they will need to know > Set of good practices to follow > Templates > A step-by-step process to run the project www.projectingIT.com 5 What is PRINCE2?Friday 8 February 13
  6. 6. PRINCE2 is owned by... Cabinet office, UK www.projectingIT.com 6 What is PRINCE2?Friday 8 February 13
  7. 7. the PRINCE2 framework Themes Templates Processes Principles Roles Quality Tailoring Product Review based Planning www.projectingIT.com 7 What is PRINCE2?Friday 8 February 13
  8. 8. What PRINCE2 is NOT? > a software product > Silver bullet > Set of documentation > Specialist work > Set of detailed techniques and how-to www.projectingIT.com 8 What is PRINCE2?Friday 8 February 13
  9. 9. PRINCE2 stands for.... PRojects IN a Controlled Environment www.projectingIT.com 9 What is PRINCE2?Friday 8 February 13
  10. 10. a Controlled START.... Start is t he s c ope is t his t wo r k of t me n n ve s ie d? c le a r ? i ju s t if ..b u t h o w w h o w ill be e ve r yo ne w i l in vo lved? l be ke p t in lo o whe n p? a re t h imp or e m i le s t an t t o ne s ? www.projectingIT.com 10 What is PRINCE2?Friday 8 February 13
  11. 11. Plan Act Do a Controlled MIDDLE.... Check Is the investment still justified? Wh a we t are doi nex ng oing t? ed t A r e w righ the ng? thi www.projectingIT.com 11 What is PRINCE2?Friday 8 February 13
  12. 12. a Controlled CLOSURE.... FInish rt ts? S ign- o po e n f f s? up em S g an a rr ell w w our S o. .h o e e t we m i ve s? did je c t Ho w w ob do a b i l l yo u e t te r ne x t t job i me? H ow we w ill k n ow a bo ut th e be nef it s? www.projectingIT.com 12 What is PRINCE2?Friday 8 February 13
  13. 13. Benefits of using PRINCE2? Best Practice Scalability Reliable Applies to ANY Accountability Predictable Project Effective Stakeholder Standardization Communication Representation Management by Focus on Exception Business Case www.projectingIT.com 13 What is PRINCE2?Friday 8 February 13
  14. 14. Process based Approach Initiation Subsequent Final Delivery Pre-project Stage delivery stage(s) Stage Directing Directing a Project SU SB SB CP Managing IP Controlling a Stage Controlling a Stage Delivering Managing Product Delivery Managing Product Delivery www.projectingIT.com 14 What is PRINCE2?Friday 8 February 13
  15. 15. Business Case Driven > Is this project justified? > Is the investment worthwhile? > Is the project viable? > the outputs, outcome and benefits www.projectingIT.com 15 What is PRINCE2?Friday 8 February 13
  16. 16. Stakeholder Engagement Value for Business Money User Supplier Specify Provide Requirements Resources www.projectingIT.com 16 What is PRINCE2?Friday 8 February 13
  17. 17. Defined Roles and Responsibilities ing? Users? Fund Manage ? Suppliers? Deliver? Approvals? www.projectingIT.com 17 What is PRINCE2?Friday 8 February 13
  18. 18. Management Stages Initiation Stage2 Stage3 Stage4 www.projectingIT.com 18 What is PRINCE2?Friday 8 February 13
  19. 19. Manage by Exception Refer to next level of management only when Tolerances are forecast to exceed www.projectingIT.com 19 What is PRINCE2?Friday 8 February 13
  20. 20. Product based Planning Website Search Registration Payments er Ho lett me bl o g News Contact Focus on what the project has to deliver by breaking down the project into major products www.projectingIT.com 20 What is PRINCE2?Friday 8 February 13
  21. 21. Work Packages Requirements Registration and > Agree terms with delivery team Payments Testing > Delegate, monitor and control > Separate Project Management from Product Management www.projectingIT.com 21 What is PRINCE2?Friday 8 February 13
  22. 22. Change Control > Monitor, control and track changes > Delegate change authorization for quick decision making > Maintain history of documentation changes www.projectingIT.com 22 What is PRINCE2?Friday 8 February 13
  23. 23. Mechanisms to Confirm Benefits > So do we know if it really helped? > Prepare post project benefit review plan > Hand over the plan to those accountable for assessment www.projectingIT.com 23 What is PRINCE2?Friday 8 February 13
  24. 24. Learn from Experience > the Do’s and Don’ts > Continuous improvement > Broadcast lessons www.projectingIT.com 24 What is PRINCE2?Friday 8 February 13
  25. 25. Customizable > Tailor to suit the project need > Scale, Size, Complexity, Internal vs External.... www.projectingIT.com 25 What is PRINCE2?Friday 8 February 13
  26. 26. Standardization Register Business Case Plans Reports TEMPLATES www.projectingIT.com 26 What is PRINCE2?Friday 8 February 13
  27. 27. The who’s who of PRINCE2 >> Cabinet  Office  owns   PRINCE2 APMG  provides   certification ATO  delivers   training www.projectingIT.com 27 What is PRINCE2?Friday 8 February 13
  28. 28. the Fact sheet Widely recognized and popular Used in all 7 continents Over 1million PRINCE2 exams Over 350 ATO’s More than 1500 accredited trainers PRINCE2 1st edition in 1996...now in the 5th edition www.projectingIT.com 28 What is PRINCE2?Friday 8 February 13
  29. 29. PRINCE2 Foundation Exam Total 75 questions Duration = 1 hour 5 questions “road test” Multiple choice objective style Paper based closed book 35/70 to pass the exam Foundation certification awarded by APMG www.projectingIT.com 29 What is PRINCE2?Friday 8 February 13
  30. 30. PRINCE2 Practitioner Exam Duration = 2.5 Hours Total 8 Questions 80 sub questions Multiple Choice Objective Style Scenario based Exam Paper based Open Book 44 / 80 required to PASS Practitioner Certification awarded by APMG www.projectingIT.com 30 What is PRINCE2?Friday 8 February 13
  31. 31. About projectingIT ATO for PRINCE2, Agile and Earned Value 2000+ PRINCE2 delegates Trainings across the globe Blended learning Specialists in project management Best pass rate Agile, Microsoft Project, PMP, ITIL, Scrum and more www.projectingIT.com for more information www.projectingIT.com 31 What is PRINCE2?Friday 8 February 13
  32. 32. Next Topic: The Structure of PRINCE2 www.projectingIT.com 32 What is PRINCE2?Friday 8 February 13

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