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Prince2_PM

  1. Project : A temporary organisation needed to produce a unique predifined outcome or result at a predifined time with predifined resources
  2. A project is a Management Envt. created for the purpose of delivering one or more business products according to a specified business case.
  3. The life cycle of the products goes beyond the life cycle of the project.
  4. Management By Exception : to save its time the project board is only sollicited when something is worth it : exceptions, end of stages
  5. Default No Go : No stage is started, no resources committed, no exception made without an explicit authorization by the project board.
  6. Next stage tolerances are set during CS1 along with the next Stage Plan.
  7. Anyone, inside our outside of the project team can raise an issue. The Author of an issue is informed when the issue is logged and resolved
  8. RFCs are requests for changes that are not included in the specifications. RFCs and Off Specifications are treated similarly
  9. Off Specification costs are usually supported by the Supplier while RFC's costs are supported by the Client
  10. Off Specifications are Issues where a product (mgt or spec) is not or will not be delivered according to the initial specifications
  11. Change Budget and Change Authority are decided in IP1 along with the project Quality Planning. Change Budget, Change Authority are optional
  12. http://crazycolour.com has great PRINCE2 content : quizzes, explanations, definitions, charts. A very useful web site to learn PRINCE2
  13. Exception Plans are created in SB6 when the Project Boarde has authorised it. They span current time to the end of current replaced stage
  14. Managing Stage Boundaries, End Stage Report and Next Stage Plan are created. Business Cas, Project Plan and Risk Log are updated
  15. Managing Stage Boundaries is triggered by CS5, IP6 and CS8 (through DP4)
  16. http://iplazza.eu has mp3's on PRINCE2. A PRINCE2 podcast by Frank Turley. Lots more content on the web site. check it out! great for iPod
  17. CONFIGURATION MGT is about : Planning, Identification, Control, Status Accounting, Verification.
  18. The Conf. Lib delivers a PRODUCT STATUS ACCOUNT at the request of the PM. It gives the status of requested products. ex: at end of stage SB
  19. When there is a PLAN there is an update of the RISK LOG. Risk review is part of the PL process in PL6.
  20. The RISK LOG is created in SU4 along with the PROJECT BRIEF and updated in IP3 with the BUSINESS CASE.