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Prince 2 F+P Course Preview


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PRINCE2 is one of the widely-recognized project management exam-based certification. Here in PRINCE2 qualification one will gain sufficient knowledge and understanding of the PRINCE2 method to be able to work effectively as a member of a project management team working in a PRINCE2 environment.

This PRINCE2 courseware is created by international subject matter experts and offers guidance on how to apply and tailor PRINCE2 in a scenario situation. A successful PRINCE2 Practitioner will be able to start applying the PRINCE2 framework and its methodologies to a real project.

To know more about PRINCE2 Certification trainings worldwide, please contact us at -
Phone - US +1-910-726-3695,
Website :

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Prince 2 F+P Course Preview

  1. 1. PRINCE2® Training PRINCE2® is a registered trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved. The Swirl logo™ is a trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved. Course Name : PRINCE2 Version : INVL_PRINCE2_F+P_CW_01_1.4 Course ID : PMGT – 100
  2. 2. 2 About Invensis Learning Invensis Learning is a pioneer in providing globally-recognized certification training courses for individuals and enterprises worldwide. Our training methodology coupled with high-quality courseware has enabled organizations to achieve high-impact learning with increased knowledge, competence, and performance. We offer courses in various categories such as IT Service Management, Project Management, IT Security and Governance, Quality Management, Agile Project Management, DevOps, and Cloud Courses. Invensis Learning certification training programs adhere to global standards such as PMI, TUV SUD, AXELOS, ISACA, DevOps Institute, and PEOPLECERT.
  3. 3. 3 What We Offer We offer globally-recognised training and certifications in categories such as Project Management, ITSM, Agile, Quality Management, Technology Training, Program Management and IT Security & Governance. ITSM Project Management Quality Management Technology Training Agile & Scrum IT Security & Governance ITIL Foundation PMP Project Rescue Six Sigma Yellow Belt Training Cloud Computing PMI-ACP COBIT5 Foundation ITIL SD CAPM Project Scope Management Six Sigma Green Belt Training Big Data Scrum Training COBIT5 Implementation ITIL SS PRINCE2 Project Time Management Six Sigma Black Belt Training Hadoop DevOps Foundation COBIT5 Assessor ITIL ST PgMP Project Communications and Stakeholder Management Lean Six Sigma Green Belt Training .Net Technologies ISO/IEC 27001 Foundation ITIL SO PMI-RMP Project Cost Management Lean Six Sigma Black Belt Training Data Warehousing ITIL CSI P3O Project Procurement Management Introduction to Lean Training CISSP ITIL RCV MSP Project Leadership Lean Fundamentals Program VC++, MCF ITIL OSA Microsoft Project Change Management Lean Management Training Advanced WCF, WPF ITIL SOA Microsoft Project Server Implementing a Project Management Office Lean Manufacturing Training Advanced JAVA ITIL PPO IT Project Management Managing Conflict in the Workplace Lean Processes and Tools Advanced J2EE ITIL MALC Project Management Fundamentals - Overview Negotiating in a Project Environment Lean Six Sigma in Information Technology ISO 20000 Project Initiation Presentation Skills for Project Personnel Lean Six Sigma in Healthcare Earned Value Management Project Estimating Techniques DFSS Yellow Belt Training Project Risk Management Managing Multiple Projects DFSS Green Belt Training Project Sponsorship DFSS Black Belt Training Team Development MINITAB Training
  4. 4. 4 PRINCE2 - Syllabus Topics Slide No. PRINCE2 - Introduction 10-23 PRINCE2 - Principles 24-40 PRINCE2 - Themes 41-44 PRINCE2 Themes - Business Case 45-61 PRINCE2 Themes - Organisation 62-92 PRINCE2 Themes - Quality 93-127 PRINCE2 Themes - Plans 128-155 PRINCE2 Themes - Risk 156-186 PRINCE2 Themes - Change 187-206 PRINCE2 Themes - Progress 207-237 PRINCE2 - Processes 238-247 PRINCE2 - Starting up a Project 248-253 PRINCE2 - Directing a Project 254-262 PRINCE2 - Initiating a Project 263-276 PRINCE2 - Controlling a Stage 277-280 PRINCE2 - Managing Product Delivery 281-284 PRINCE2 - Managing a Stage Boundary 285-293 PRINCE2 - Closing a Project 294-320 PRINCE2 - Tailoring PRINCE2 to the Project Environment 321-325
  5. 5. PRINCE2 - Introduction
  6. 6. 6 PRINCE2 - Introduction Copyright Notice  PRINCE2® is a registered trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved.  All the diagrams, figures, tables and text used in this course material is sourcedfrom the book “Managing Successful Projects with PRINCE2®”, published by TSO  Copyright © AXELOS Limited 2009. Material is reproduced under license from AXELOS Limited. All rights reserved.  The Swirl logoTM is a trade mark of AXELOS Limited.  Copyright © 2017 Invensis Technologies Pvt Ltd. All Rights Reserved. Reproducing this material in any manner is strictly prohibited.
  7. 7. 7 PRINCE2 - Introduction Learning Objectives  Explain the PRINCE2 project management methodology  Examine its use in different project situations  Carry out activities to enable you to practice using parts of PRINCE2  Prepare for the Foundation and Practitioner Examinations
  8. 8. Let’s get started…
  9. 9. 9 PRINCE2 - Introduction What is a Project?  Projects are the means by which we introduce ‘change’  A project is a temporary organisation that is created for the purpose of delivering one or more business products according to an agreed business case
  10. 10. 10 PRINCE2 - Introduction What is a Project? PRINCE2 Project Characteristics  Change - Projects are the means by which we introduce ‘change’  Temporary – Projects are temporary in nature. Projects have a defined start and a defined end  Cross functional – A Project involves a team of people with different skills, working together to introduce a change that will influence others outside the team. Thus, Projects cross functional limits  Unique – Every project is unique. Projects differ from each other on the basis of the nature of the product, customers, location and other factors  Uncertainty – There is always a certain degree of uncertainty associated with a project. Projects are highly risky.
  11. 11. 11 PRINCE2 - Introduction What Makes a Project Successful? Aspects of a Project Benefits Costs Timescales Quality Scope Risk
  12. 12. 12 PRINCE2 - Introduction What is Project Management? The planning, delegating, monitoring and control of all aspects of a project, and the motivation of those involved, to achieve the project objectives within the expected performance targets for time, cost, quality, scope, benefits and risks. What are the project objectives? What should a project achieve? Delegate MonitorControl Plan
  13. 13. 13 PRINCE2 - Introduction What is PRINCE2? What is PRINCE2? PRINCE2 is an integrated framework of processes and themes that address the planning, delegation, monitoring and control of all the six aspects of project performance. PRojects IN Controlled Environments
  14. 14. 14 PRINCE2 - Introduction OGC Best Practice Guidance The diagram is sourcedfromthebook“Managing Successful Projects with PRINCE2®”, published by TSO
  15. 15. 15 PRINCE2 - Introduction What PRINCE2 is not? Specialist aspects  Industry-specific or type-specific activity  Engineering models  Project lifecycles Specific techniques (org change management, procurement, etc.) Detailed techniques Proven planning and control techniques that can be used in support of the PRINCE2 themes (e.g. critical path analysis (in planning) and earned value analysis (in progress control) etc.) Leadership capability Leadership, motivational skills, and other interpersonal skills PRINCE2 embodies established and proven best practices and governance methods for project management.
  16. 16. 16 PRINCE2 - Introduction Benefits of Adopting PRINCE2  PRINCE2 embodies the established and proven best practice and governance for project management  It can be applied to any type of project - and can easily be implemented alongside specialist, industry-specific models  PRINCE2 provides a common vocabulary for all project participants  PRINCE2 provides for the explicit recognition of project responsibilities. There is a defined structure for accountability, delegation, authority and communication  Its product focus clarifies (for all parties) what a project will deliver, why, when, by whom and for whom Contd…
  17. 17. 17 PRINCE2 - Introduction Benefits of Adopting PRINCE2 Contd…  PRINCE2 plans are designed to meet the needs of the different levels in the management team, thereby improving communication and control  It is based on a ‘Management by Exception’ framework, providing for the efficient and economic use of management time  PRINCE2 ensures that the focus is on the viability of the project in relation to its Business Case objectives  It ensures that the stakeholders (including sponsors and resource providers) are properly represented in planning and decision making  Adopting PRINCE2 promotes learning and continual improvement in organisations
  18. 18. 18 PRINCE2 - Introduction The Structure of PRINCE2 The diagram is sourcedfromthebook“Managing Successful Projects with PRINCE2®”, published by TSO
  19. 19. 19 PRINCE2 - Introduction The Structure of PRINCE2 Principles These are the guiding obligations and good practices which determine whether the project is genuinely being managed using PRINCE2. 1. Continued Business Justification 2. Learn from Experience 3. Defined Roles and Responsibilities 4. Manage by Stages 5. Manage by Exception 6. Focus on Products 7. Tailor to suit the Project Environment These are the seven principles and unless all of them are applied and incorporated in the project, it is not a PRINCE2 project.
  20. 20. 20 PRINCE2 - Introduction The Structure of PRINCE2 THEMES Themes These describe the different aspects of project management that must be addressed continually and in parallel throughout the project. 1. Business Case 2. Organisation 3. Quality 4. Plans 5. Risk 6. Change 7. Progress
  21. 21. 21 PRINCE2 - Introduction The Structure of PRINCE2 PROCESSES Processes The PRINCE2 process outline demonstrates a step-wise progression through the project lifecycle, from getting started to project closure. 1. Starting up a Project 2. Directing a Project 3. Initiating a Project 4. Controlling a Stage 5. Managing Product Delivery 6. Managing a Stage Boundary 7. Closing a Project Each process comes with associated checklists of recommended activities, products and related responsibilities.
  22. 22. 22 PRINCE2 - Introduction The Structure of PRINCE2 TAILORING Tailoring to Project Environment  ‘Tailoring’ implies the need to adapt PRINCE2 to the specific context of the project  PRINCE2 is not a ‘one size fits all’ solution; it is a flexible framework that can readily be tailored to any type or size of project
  23. 23. PRINCE2 - Principles
  24. 24. 24 PRINCE2 - Principles The principles of project management originate from lessons learned during projects that include both successful and not-so-successful ones. They provide a framework of good practice for those people involved in a project. The Principles are characterised as:  Universal, in that they apply to every project  Self-validating, in that they have been proven in practice over many years  Empowering, because they give practitioners of the method, added confidence and ability to influence and shape the execution of the project  If a project does not adhere to these principles, it is not being managed using PRINCE2, because the principles are the basis of what defines a PRINCE2 project  PRINCE2 provides a project management method that can be applied regardless of project scale, type, organisation, geography or culture. This is possible because PRINCE2 is principles-based. PRINCE2 Principles
  25. 25. 25 PRINCE2 - Principles The Seven PRINCE2 Principles PRINCE2 Principle Continued Business Justification Learn from Experience Defined Roles & Responsibilities Manage by Stages Manage by Exception Focus on Products Tailor to suit the project environment
  26. 26. 26 PRINCE2 - Principles Continued Business Justification  A PRINCE2 project should demonstrate continued business justification  There is a justifiable reason to start it  The justification should remain valid throughout the life of the project  The justification is documented and approved  The justification is documented in a Business Case. The justification should remain valid at all times. It is, therefore important that the project and evolving justification remain consistent.
  27. 27. 27 PRINCE2 - Principles Learn from Experience PRINCE2 project teams learn from previous experience: lessons are sought, recorded and acted upon throughout the life of the project. When starting up a project, learn from the past and from other projects. During the project, learn from the project, and capture those lessons. When the project closes, report the lessons. It is the responsibility of everyone involved with the project to seek lessons learned rather than waiting for someone else to provide them.
  28. 28. 28 PRINCE2 - Principles Defined Roles and Responsibilities A PRINCE2 project has defined and agreed roles and responsibilities within an organisation structure that engage the business, user and supplier stakeholder interests. A project may involve people from different organisations with varied interests. The Project management team structure consists of defined and agreed roles and responsibilities. Four levels in the organisation are defined; Primary stakeholders:  ‘Business’ sponsors, who endorse the objectives and ensure that the business investment provides value for money  'Users’, who, after the project is completed, will use the products to enable them to gain the intended benefits  ‘Suppliers’, who provide the resources and expertise required by the project (these may be internal or external)
  29. 29. 29 PRINCE2 - Principles Manage by Stages A PRINCE2 project is planned, monitored and controlled on a stage-by-stage basis. Breaking the project into a number of stages enables better control over the project. Shorter stages offer more control, longer stages reduce burden. The duration and number of stages are decided by business priority, risk and complexity. Plan, delegate, monitor and control the project on a stage-by-stage basis, technical stage, and management stage PRINCE2 requires a minimum of two management stages: one initiation stage and one or more further management stages.
  30. 30. 30 PRINCE2 - Principles Manage by Exception A PRINCE2 project has defined tolerances for each project objective to establish limits of delegated authority. PRINCE2 enables appropriate governance by defining distinct responsibilities for directing, managing and delivering the project and clearly defining accountability at each level. Authority delegated from one management level to the next by setting tolerances against six objectives for the respective level. Controls are set up so that if those tolerances are forecast to be exceeded, they are escalated to the next management layer for a decision. A PRINCE2 project provides a very efficient use of senior management time as it reduces senior managers’ time burden without removing their control.
  31. 31. 31 PRINCE2 - Principles Focus on Products A PRINCE2 project focuses on the definition and delivery of products, in particular, their quality requirements. A successful project is output-oriented, not action oriented. An output-oriented project is one that agrees and defines the project’s products prior to undertaking the activities required to produce them. The set of agreed products defines the scope of a project and provides the basis for planning and control. Product Descriptions aim to provide suchclarity by defining each product’s purpose, composition, derivation, format, quality criteria and quality method. They provide the means to determine effort estimates, resource requirements, dependencies and activity schedules.
  32. 32. 32 PRINCE2 - Principles Tailor to Suit the Project Environment PRINCE2 is tailored to suit the project’s environment, size, complexity, importance, capability and risk. The PRINCE2 project management method is designed to be tailored to its specific needs. If PRINCE2 is not tailored, the project management effort and approach may not be appropriate. The purpose of tailoring is to: Ensure that the project management method relates to the project’s environment (e.g. aligning the method to the business processes that may govern and support the project, such as human resources, finance and procurement). Ensure that the project controls are based on the project’s scale, complexity, importance, capability and risk (e.g. the reportingand reviewing frequency and formality).
  33. 33. PRINCE2 - Themes
  34. 34. 34 PRINCE2 - Themes What are Themes? The PRINCE2 themes describe aspects of project management that must be addressed continually. The PRINCE2 processes address the chronological flow of the project – with actions relating to different themes mixed together. Seven themes:  Business case  Organisation  Quality  Plans  Risk  Change  Progress
  35. 35. 35 PRINCE2 - Themes Applying the Themes All seven themes must be applied in a project, but they should be tailored according to the scale, nature and complexity of the project concerned. Themes can be tailored ’up’ or ’down’, i.e. additional detailed documentation and process discipline can be introduced for complex or high-risk projects, whereas concise bullet-point presentations and more informal processes may be adequate for simple, low-risk projects.
  36. 36. 36 PRINCE2 - Themes Format of the Themes Each of the theme chapters are structured as follows: Purpose  Why is it important for the successful completion of the project? Theme defined  Terms and definitions used The PRINCE2 approach to the theme  The specific treatment of the particular aspect of project management required for the PRINCE2 processes to be fully effective Responsibilities  Specific to the key theme for each PRINCE2 role
  37. 37. 37 CONTACT INVENSIS LEARNING Email Us: © Copyright 2017 Invensis Learning. Invensis® is a registered trademark of Invensis Technologies Pvt Ltd. PRINCE2® is a registered trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved. The Swirl logo™ is a trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved. USA +1-910-726-3695 | IND +91-96-2020-0784