The Seven PRINCE2 Principles

Written by | Published February 7, 2012

PRINCE2 is founded on seven key principles unique to the PRINCE2 method. These are:

  1. Continued business justification
  2. Learn from experience
  3. Defined roles and responsibilities
  4. Manage by stages
  5. Manage by exception
  6. Focus on products
  7. Tailor to suit the project environment

PRINCE2-7-principles

The 7 principles of PRINCE2 are just a small part of the PRICE2 method. To fully understand PRINCE2 you must come on an accredited PRINCE2 training course. Our PRINCE2 Foundation and PRINCE2 Practitioner courses have high pass rates because we believe in quality over quantity. We only use the best trainers and keep class sizes to a minimum so that all our delegates get the most from their training.

The 7 principles of PRINCE2 and what they entail:

1. Continued Business Justification

All projects should be justified by their Business Case. This ensures that all projects meet the goals of the business. A project should not be started without a sound Business Case in place. The project should be checked at regular intervals to ensure it is still valid. The Business Case is the basis for all decision-making. This principle ensures that the project is aligned to business objectives and the expected benefits. Justification for the project may change throughout but must always remain valid. Read the rest of “The Seven PRINCE2 Principles”

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Project Management Tips: Setting SMART Goals

Written by | Published May 4, 2011

PRINCE2 Training smart goalsIf you’ve been in management for a while you’ve no doubt come across SMART Objectives. SMART is a fairly ubiquitous acronym within the context of appraisals and people management. However SMART Goals can equally be applied to projects.

PRINCE2 is a comprehensive process based method for managing projects. Learn more in our About PRINCE2 section, or by attending one of our PRINCE2 Training courses, including PRINCE2 Foundation Training and PRINCE Pracititoner Training.

How SMART Goals can be used in Project Management

After the project planning stage, you can start to set your project goals.

Examples of project goals include holding a project meeting every week with key team members, or running continuous testing during the whole project.

So what do SMART Goals mean within the context of a project. Once you’ve set your SMART Goals, make sure that the following apply:

Specific

  • Make sure the Goal is well defined
  • All Goals should be specific enough to be clear to any person who has a basic knowledge of the project

Measurable

  • You should know that the goal is obtainable and be able to assess how far it is from completion.
  • You should be able to measure when your Goal has been achieved.

Agreed

  • All project stakeholders must agree all goals

Realistic

  • You must have the resources, knowledge and time within your project team to attain every Goal you set.

Time Based

  • As above, there must be enough time to complete each Goal with the resources you have available.
  • However – don’t allow too much time and set deadlines that are too lenient, as this can affect project performance

Alternative uses of SMART in Project Management

If your goals are going to be SMART, traditionally that usually means they must be specific, measurable, agreed, realistic and time-based. However, in Project Management SMART can be adapted – you might want to consider the following alternatives for each part of the acronym:

S – stretching, specific, significant,

M – measurable, motivational, meaningful,

A – agreed, achievable, acceptable, action-oriented

R – relevant, realistic, rewarding, reasonable, results-based

T – time-based, track-able, tangible

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Video: PRINCE2 & Governance

Written by | Published April 28, 2011

In this video Andy Murray, Lead author PRINCE2: 2009 discusses how PRINCE2 relates to corporate and project governance.  This video will be useful if you are considering using PRINCE2 as a project management methodology in your organisation.

If you are looking to implement PRINCE2 as a project management methodology in your organisation please take a look at our PRINCE2 Foundation and PRINCE2 Practitioner training courses.

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