Managing Successful Projects With Prince 2 -

Creating the detailed Project Initiation Documentation (PID).

Formal decommissioning and handing over the final product. Key Benefits

Teams must keep a Lessons Log to avoid repeating past mistakes. Managing Successful Projects with PRINCE 2

Everyone knows who is responsible for what (Sponsor, Manager, Team).

Heavy emphasis on identifying and mitigating risks early. Creating the detailed Project Initiation Documentation (PID)

PRINCE2 is built on the idea that a project should have a from start to finish. If the reason for the project disappears, the project should be stopped. It is designed to be scalable and tailorable to any project type or size [1, 3]. The Three Pillars: Principles, Themes, and Processes 1. The 7 Principles (The "Why")

It provides a standardized vocabulary for teams and stakeholders. Everyone knows who is responsible for what (Sponsor,

Limits (tolerances) are set for time, cost, and quality. If these aren't exceeded, the Project Board stays out of the daily details.