Top 7 Principles of PRINCE2 Practice for IT Project Managers

1. Top 7 Principles of PRINCE2 Practice for IT Project Managers

2. The principles of the PRINCE2 methodology are good practices that guide project managers and ensure that the project is being managed using PRINCE2.

3. 1) Continued Business Justification: This affirms there is a legitimate motivation to start the task which, however it might develop, ought to be substantial for the duration of its life. For example, in an AXELOS contextual investigation on 'Utilizing ITIL and PRINCE2 Together', an organization was hoping to set up a seaward administration work area at least cost, notwithstanding its current one, to guarantee more prominent limit in front of an IT item discharge. Along the way, other saw advantages developed, for example, additional spread for catastrophe recuperation for business congruity; be that as it may, these would come at an additional cost and would require extra time to set up. The task administrator and the undertaking board adhered to the first business case support and did not approve any extra use. The expense of missing the due date was considered to be more costly that the expense of retro-fitting fiasco recuperation at a later stage.

4. 2) Learn from Experience: Lessons from the past ought to be connected in progressing ventures. Lessons from progressing tasks ought to be reported for future use. It is a typical practice for organizations to enroll an undertaking director in view of his or her involvement in a comparable task. 3) Defined Roles and Responsibilities: The roles and responsibilities of the different levels of the project team are to be defined so as to satisfy the interests of primary stakeholders. For instance, some of the common roles assigned in a project are: project manager, project sponsor, project board, project team members, project administrator and so on.

5. 4) Manage by Stages: According to PRINCE2 best practice guidance, a project should be broken into at least two stages for better management and control. It is said that planning the number of stages needs to take into account risk and cost. 5) Manage by Exception: Tolerances are set for different project objectives so as to optimize delegation of authority.

6. 6) Focus on Products: PRINCE2 advocates an output-oriented approach to a project and to that end, product definitions, quality and other criteria are integral to achieving successful outcomes. Some experts, in fact, suggest integrating PRINCE2 with Six Sigma for process improvement projects. According to a template made available by AXELOS, the product description should cover the following points: purpose, composition, derivation, format, presentation, development skills required, quality criteria, quality tolerance, quality method, quality skills required, and quality responsibilities.

7. 7) Tailor to Suit the Project Environment: The PRINCE2 project management methodology is designed to be customizable to the specific needs of the project and its environment. These seven principles of the project management approach are the basis of the definition of a PRINCE 2 project.

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