An organization’s project management office (PMO) should create a repository of lessons reports, ensuring that lessons are made available to future projects. Learning from experience is crucial to PRINCE2’s ‘best practice’ approach to project management. 3. Defined roles and responsibilities Manage by exception - tolerances are defined for each project objective, to set limits for delegat ing authority. Confirm the extent of the fulfilment of the Project Initiation Document (PID) and the Customer's satisfaction with the deliverables

The PRINCE2 certification scheme helps you to acquire knowledge of the PRINCE2 method, providing you with the skills and understanding to successfully manage projects of any size or complexity. The training and certification consist of two levels: PRINCE2 Foundation If everyone understands what is required of them, the chances of delivering a successful project are greatly improved. Any confusion about what should be done, by whom, and when is likely to be detrimental to the project’s progress. team managers, team members and suppliers are clear about what needs to be produced and what is the expected effort, cost or timescalesPRINCE2 2009 – the previous version – will now be called PRINCE2 5th Edition, while PRINCE2 2017 – the current version – will now be called PRINCE2 6th Edition.

Ad hoc direction (monitoring progress, providing advice and guidance, reacting to exception situations)You don’t have to have a project management certification to use PRINCE2 on your team. That said, there are a few training courses and exam options that can help improve and demonstrate your proficiency with the methodology.

Critical Chain (Eliyahu M. Goldratt) – A fictional business novel that explores the Theory of Constraints principles and applies them to problems in project management, a follow-up to the author’s previous book ‘The Goal’. A nice text-book alternative! There are several training courses and different PRINCE2 certifications you can take to learn about the PRINCE2 project management method. If you're specifically looking to become a project manager, learning the PRINCE2 process and receiving a certification can help your career long-term. PRINCE2 is a good beginner methodology project plan for the project as a whole , willusually be a high-level plan, providing indicative timescales, milestones, cost and resource requirements based on estimatesjustification is documented either as a business case document or may use some business plans or any other similar document

Project Management Institute (2021). A Guide to the Project Management Body of Knowledge: PMBOK ® Guide. Seventh Edition. Pennsylvania: Project Management Institute, Inc.. ISBN: 978-162825664Risk: There’s inherent risk with every project because we can’t control everything. Part of PRINCE2 includes establishing a risk management process to proactively identify what risks your team may encounter and mitigate any issues. The process expects the existence of a Project Mandate which defines in high level terms the reason for the project and what outcome is sought. Starting up a Project should be very short. An organised and controlled end, i.e. when you've got what you want and the project has finished, tidy up the loose ends.