PRINCE2 methodology FAQs

Q: How do you remember the 7 practices of PRINCE2?

You can remember the 7 practices of PRINCE2 by making up an acronym. To help you prepare for a PRINCE2 exam , one possible acronym to help remember the 7 practices is 'BORPQIP' : B: Business case O: Organizing R: Risk P: Plans Q: Quality I: Issues P: Progress Remembering the acronym 'BORPQIP' can help you quickly recall the seven PRINCE2 practices and use them to guide your project management practices.

Q: How do you remember the 7 process of PRINCE2?

When preparing for a PRINCE2 exam , it can be tricky to remember the 7 process of PRINCE2 but you can try to make up an acronym to help you. One possible acronym to help remember the PRINCE2 processes is 'SDIM CMC' : S : Starting up a project D : Directing a project I : Initiating a project M : Managing a stage boundary C : Controlling a stage M : Managing product delivery C : Closing a project Remembering the acronym 'SDIMCMC' can help you quickly recall the seven PRINCE2 processes and use them to guide your project management practices.

Q: How do you remember the 7 themes of PRINCE2?

Since the PRINCE2 7th edition was released in September 2023, there are no longer any themes in PRINCE2. Instead, themes have been renamed as practices. Instead, read about how to remember the seven PRINCE2 practices .

Q: How many levels of plan are there in PRINCE2?

PRINCE2 recommends using three levels of plan - project, stage, and team - to reflect the different management levels involved in a project. These levels correspond to the directing level (the project board), the managing level (the project manager), and the delivering level (the team manager). The project boards requires a high-level view of the project and uses the project plan to monitor progress. The project manager requires a more detailed view of each stage, and uses the stage plan to monitor progress. A team manager requires a detailed view of the work package being executed by their team. This can be seen in a team plan. By using these different levels of planning, PRINCE2 helps ensure that all aspects of the project are properly considered and managed, from the overall direction of the project to the day-to-day work of the team.

Q: Is PRINCE2 good for beginners?

PRINCE2 is a good choice for beginners who are interested in pursuing a career in project management . The PRINCE2 methodology is widely used and recognized in the industry, and many employers consider it to be the minimum requirement for entering the field of project management . By completing a PRINCE2 course , you can gain a solid foundation in project management principles and learn how to apply these principles in a practical setting. This can provide a valuable starting point for your career in project management and can help you to build the skills and knowledge you need to succeed in this field.

Q: Is PRINCE2 still relevant 2023?

Yes, PRINCE2 is still relevant in 2023 and beyond. The PRINCE2 methodology is widely used and respected in the project management field, and the PRINCE2 Foundation and PRINCE2 Practitioner certifications are recognized by recruiters around the world . In September 2023, PeopleCert updated PRINCE2 so it even more valuable today in a rapidly changing business and commercial environment. The latest version is PRINCE2 7th edition . In today's competitive job market, employers are looking for candidates who stand out from the crowd and have the knowledge and skills to excel in a variety of roles and industries. By earning the PRINCE2 Foundation and Practitioner certifications, you can demonstrate your expertise in project management and gain a competitive edge in the job market. The PRINCE2 method provides a structured and flexible approach to project management that can help you to adapt to a range of situations and challenges, making it a valuable qualification for project managers in any industry.

Q: Is PRINCE2 the same as waterfall?

No, PRINCE2 is not the same as waterfall. PRINCE2 is often confused with the term ' waterfall ', but this is a misunderstanding with several implications. While the PRINCE2 methodology can be used in a waterfall approach, it is not inherently a waterfall methodology. The main goal of PRINCE2 is to deliver benefits and products for your organization, and it provides a flexible and adaptable framework for managing projects in controlled environments. The PRINCE2 approach emphasizes organization, control, and quality throughout the lifecycle of a project, and it can be customized to fit the needs of your organization and the specific requirements of your project. While the PRINCE2 methodology can be used in a waterfall manner, it is not limited to this approach and can be applied in a variety of project management contexts, including agile ones.

Q: What are PRINCE2 project controls?

PRINCE2 provides for two types of project controls to help decision-making and enable control within a project. These are event-driven controls and time-driven controls. Event-driven controls are based on specific events occurring within a project, such as the completion of a particular stage or the submission of a report. Time-driven controls are based on pre-agreed times within the project plan, such as regular meetings or updates with the project manager. Both types of controls help to ensure that the project is on track and progressing as planned, and they provide a framework for making decisions and taking action as needed to keep the project on track and achieve its goals.

Q: What are the minimum number of stages in PRINCE2?

In PRINCE2 there is a minimum of two management stages in a project. Every project always has an initiation stage plus one further management stage. How many stages your project should have depends upon several factors including the 'planning horizon', which refers to how far into the future it is sensible to plan in detail. It is unwise to try to plan beyond this and therefore it is best to set a management stage boundary at the planning horizon. Also, the level of risk will affect the number of stages. The greater the risk, the shorter the management stages will be (hence there will be more stages). The lower the risk the fewer stages are required.

Q: What are the six types of tolerances in the PRINCE2 methodology?

Until September 2023, PRINCE2 recommended 6 tolerances for projects. These were: Time/schedule tolerance - the range of time that the project or stage must be delivered within; Cost/budget tolerance - the range of cost that the project or stage must be delivered within; Scope tolerance - the acceptable range of scope that must be delivered; Risk tolerance - the amount of risk that can be tolerated on a project; Quality tolerance - the range of quality that is acceptable on a project; Benefits tolerance - an acceptable range of benefits that will make the project worthwhile. However, with the launch of the most recent (7th edition) of PRINCE2 in September 2023, a 7th performance target for sustainability was introduced.