In the previous hub (Prince2 Overview), I have given a brief overview of Prince2 training, exam level, syllabus and schedule. In this hub, I will go into the details of Prince2 Principles. Prince2 project management methods can be applied to a project of any scale, type, organization, geography or culture because Prince2 is based in Principle based.
The seven Prince2 principles can be summarized as:
- Continued Business Justification
- Learn from Experience
- Defined Roles and Responsibilities
- Manage by Stages
- Manage by Exceptions
- Focus on Products
- Tailor to Suit the Project Environment
Lets go through these in details..
1. Continued Business Justification
A Prince2 project has continued business justification. This means a Prince2 project should be viable and desirable through out its life.
For a Prince2 project:
- There should be a justifiable reason to start it
- The justification should remain valid throughout the life of project
- The justification is documented and should be approve.
The justification for the project is documented in Business Case document. As the project is linked to the business justification, it drives the decision making processes to make sure that project remained aligned to business objectives and benefits being sought.
Although the justification should remain valid, it might change during the course of project. Hence the project and the evolving justification should remain valid.
If for any reason, the project can no longer be justifiable, then it should be closed immediately. Under no circumstances, a non justified project should continue. Stopping such project contribute to the organization in the sense that its resource can be allocated to other areas.