As mentioned in the last blog, in Prince2® Foundation methodology, a project is divided into 7 phases. Let’s understand all the phases in detail:
1. Starting up a project
project mandate is submitted requesting for a new project. The project mandate explains
only two major points, why the project is necessary and what it will ideally
in the company (like project managers or senior executives) goes through the project
mandate to make sure that the company is capable of taking on the project.
approved, the person who has sent project mandate to initiate the project submits
a detailed project brief, covering the resources, actions, manpower, etc. required
for the project.
2. Directing a project
project brief is sent to the project board for review and evaluation. The
details are reviewed based on business justification, and if it should go for another
round of approval/disapproval.
the project is approved, the project board decides what needs to be done to
organize and execute the approved project, and what/how it will be delegated to
the project manager.
3. Initiating a project
the project manager prepares a Project Initiation Documentation, which includes
a complete project plan and baselines for 6 performance targets: time, cost,
quality, scope, risk, and benefits.
Initiation document is sent to the project board for approval. The board
approves, if the board is confident and clear about the project plan from where
the work begins.
4. Controlling a stage
project is divided in to smaller phases by the project manage, which is then
assigned to team managers and teams to work upon.
progress of project phases is monitored by the project manager, who intervenes
when necessary to correct errors and overcome roadblocks.
managers act as the link between the individual team members and project
manager, they not just coordinate daily work but also ensure that everything
goes as planned.
5. Managing product delivery
manager checks progress of the project against the project brief to ensure that
all deliverables meet PRINCE2 quality expectations.
board reviews and evaluates the completed work phases. The work is either approved
or requested for revisions.
6. Managing stage boundaries
board and project manager review each stage of project development to ensure that
the project is progressing as per the plan and meeting all defined project
reviewing each phase, the project board also decides if they should move on to
the next stage or reject the project completely.
managers direct the project team to record any lessons learned during the
development to improve the next stage.
7. Closing the project
Once the project is complete, the project management finishes the process with tasks like PRINCE 2 Foundation Training documentation, outcomes, and reporting.
If you want to learn more about Prince2®, we would suggest you keep reading our blogs as we post informational articles and blogs on various technologies and methodologies multiple times a week or opt for our PRINCE 2 Foundation Certification course from Multisoft Virtual Academy. This course imbibes all the knowledge that is required for efficient project management. Apart from this, PRINCE 2 Foundation Certification online training course also comes with perks like lifetime e-learning access, recorded training session videos and a globally recognized training completion certificate.