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PRINCE2
PRINCE2 (PRojects IN Controlled Environments) is a structured project management method and practitioner certification programme. PRINCE2 emphasises dividing projects into manageable and controllable stages. It is adopted in many countries worldwide, including the UK, Western European countries, and Australia. PRINCE2 training is available in many languages. PRINCE2 was developed as a UK government standard for information systems projects. In July 2013, ownership of the rights to PRINCE2 were transferred from HM Cabinet Office to AXELOS Ltd, a joint venture by the Cabinet Office and Capita, with 49% and 51% stakes respectively. In 2021, PRINCE2 was transferred to PeopleCert during their acquisition of AXELOS. History PRINCE was derived from an earlier method called PROMPT II (Project Resource Organisation Management Planning Techniques). In 1989 the Central Computer and Telecommunications Agency (CCTA) adopted a version of PROMPT II as a UK Government standard for inform ...
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Managing Stage Boundaries
Managing Stage Boundaries is one of seven processes that make up PRINCE2, a systematic approach to project management developed by the UK's Office of Government Commerce and used widely in UK government and industry. The fundamental principle of Managing Stage Boundaries (SB) is to ensure that, at the end of each stage, the project stays focused on delivering business benefit. Description Managing Stage Boundaries (SB) is one of seven processes outlined by PRINCE2. It is a decision point in the continuity of the project, from which the project will be either continued as planned, adjusted or stopped. The process involves reviewing the current stage (is the business case still valid, should we proceed to the next stage), preparing for the next one, and selecting information which can be of use later in the project. The process is managed by the Project Manager, who informs the Project Board of the likelihood of success in attaining the project's business objective, project plan, t ...
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Project Initiation Documentation
The project documentation (PID) is one of the most significant artifacts in project management, which provides the foundation for the business project. The project initiation documentation bundles the information, which was acquired through the starting up a project (SU) and initiating a project (IP) processes in a PRINCE2 controlled project environment. PRINCE2's 2009 renaming "document" to "documentation" indicates a collection of documentation that has been collected up creating a project rather than all the information in the system. The project initiation document provides a reference point throughout the project for both the customer and the project team. A project initiation document often contains the following: * Project goals * Scope * Project organization * Business case * Constraints * Stakeholders * Risks * Project controls * Reporting frameworks * PID sign off * Summary A project charter could be created instead of a project initiation documentation; the tw ...
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Product Description
In the PRINCE2 project management method, a product description (PDD) is a structured format that presents information about a project product. It is a management product (document), usually created by the project manager during the process of initiating a project in the initial stage of the PRINCE2 project management method. It is approved by the project board as part of the project plan documentation.PRINCE2 Components
Jay Siegelaub It should not be confused with a project product description(PPD), which (in the PRINCE2 method) is generated in the start up process of the pre-project stage, and forms part of the Project Brief. While the PPD is related to "finalist products"—those delivered to the client at the end of the project—the PDD refers to all project products, including intermediate products necessary in the project life that ...
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Product Based Planning
Product-based planning is a fundamental part of the PRINCE2 approach to project management, and is a method of identifying all of the products (project deliverables) that make up or contribute to delivering the objectives of the project, and the associated work required to deliver them. The documents which define the Project itself are also considered Products. Overview ;Product breakdown structure : Product-based planning is intended to ensure that all of the necessary products are identified and captured, and begins by identifying a product breakdown structure which is then repeatedly refined until all of the requisite products are identified. The PBS is thus a hierarchical family tree of all the products and sub-products that comprise the final end-product. : It is important to understand that in this context the term 'product' includes intermediate documentary products that are essential to the work of delivering the project. In this sense the product breakdown structure is ...
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AXELOS
AXELOS is a joint venture set up in 2014 by the Government of the United Kingdom and Capita, to develop, manage and operate qualifications in best practice, in methodologies formerly owned by the Office of Government Commerce (OGC). PeopleCert, an examination institute that was responsible for delivering AXELOS exams, acquired AXELOS in 2021. Portfolio AXELOS manages: *ITIL (Information Technology Infrastructure Library) – IT Service Management published in 1989 (updated 2000, 2007, 2011 & 2019/20) *PRINCE2 (Projects IN Controlled Environments) – Project Management published in 1996 (updated 1998, 2002, 2005, 2009 & 2017) *MSP (Managing Successful Programmes) – Program Management published in 1999 (updated 2003, 2007, 2011 & 2020) *M_o_R (Management of Risk) – Risk Management published in 2002 (updated 2007 & 2010) * P3M3 or Portfolio, Programme and Project Management Maturity Model published in 2005 (updated 2008 & 2015) *P3O (Portfolio, Programme and Project Offices) ...
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Project Management
Project management is the process of supervising the work of a Project team, team to achieve all project goals within the given constraints. This information is usually described in project initiation documentation, project documentation, created at the beginning of the development process. The primary constraints are Scope (project management), scope, time and budget. The secondary challenge is to operations research, optimize the Resource allocation, allocation of necessary inputs and apply them to meet predefined objectives. The objective of project management is to produce a complete project which complies with the client's objectives. In many cases, the objective of project management is also to shape or reform the client's brief to feasibly address the client's objectives. Once the client's objectives are established, they should influence all decisions made by other people involved in the project– for example, project managers, designers, contractors and subcontractors ...
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Project Management Professional
Project Management Professional (PMP) is an internationally recognized professional designation offered by the Project Management Institute (PMI). As of 31 July 2020, there are 1,036,368 active PMP-certified individuals and 314 chartered chapters across 214 countries and territories worldwide. The exam is one of eight credentials offered by PMI and is based on the ECO PMP Examination Content Outline. Most of the questions reference the Exam Content Outline ''PMP Examination Content Outline'' (also known as the E.C.O). Exam syllabus The PMP exam is based on Exam Content Outline (ECO). The ECO is revised every 4-5 years by PMI. Since January 2021, the exam is tested on three different domains: # People (42%) # Process (50%) # Business Environment (8%) Prior to January 2021, the exam was based on tasks from five ''performance domains'' or ''process groups,'' encompassing a total of 49 processes''.PMBOK Guide 6th Edition'' The ''PMP Examination Specification'' weighted these gr ...
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Central Computer And Telecommunications Agency
The Central Computer and Telecommunications Agency (CCTA), formerly the Central Computer Agency (CCA), was a UK government agency providing computer and telecoms support to government departments. History Formation Archived records CCTA records are held by The National Archives. In 1957, the UK government formed the Central Computer Agency (CCA) Technical Support Unit (TSU) within HM Treasury to evaluate and advise on computers, initially based around engineers from the telecommunications service. As this unit evolved, it morphed into the Central Computer and Telecommunications Agency, which also had responsibilities for procurement of United Kingdom Government technological equipment, and later, that centrally funded for University and Research Council systems. Technical services Note that nearly all names and authors, quoted or referenced in this section, were CCTA engineers or scientists. The first external technical publication was in 1960 by J. W. Freebo ...
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Project Executive
In project management, an executive or project executive is a person who has ultimate responsibility for a project, and is a role defined in the recognized project management framework PRINCE2. It is appointed by the customer during the start of the project and usually comes from the customer. The project executive is the main decision maker, and designs and appoints the rest of the project management team, including the other members of the project board and the project management team (project manager, team leader(s)/sub-project manager(s), project assurance and project support). Structure The project executive is supported by the roles of senior user on the customer side and senior supplier on the supplier side, respectively. The tasks of the project executive involve securing funding, being responsible for the project delivering a product that achieves the goals that were set, and that this happens in a cost-conscious manner. The person must balance the requirements of ...
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Business Case
A business case captures the reasoning for initiating a project or task. Many projects, but not all, are initiated by using a business case. It is often presented in a well-structured written document, but may also come in the form of a short verbal agreement or presentation. The logic of the business case is that, whenever resources such as money or effort are consumed, they should be in support of a specific business need. An example could be that a software upgrade might improve system performance, but the "business case" is that better performance would improve customer satisfaction, require less task processing time, or reduce system maintenance costs. A compelling business case adequately captures both the quantifiable and non-quantifiable characteristics of a proposed project. According to the Project Management Institute, a business case is a " value proposition for a proposed project that may include financial and nonfinancial benefit". Business cases can range fr ...
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Project Manager
A project manager is a professional in the field of project management. Project managers have the responsibility of the Project planning, planning, procurement and execution of a project, in any undertaking that has a defined scope, defined start and a defined finish; regardless of industry. Project managers are first point of contact for any issues or discrepancies arising from within the heads of various departments in an organization before the problem escalates to higher authorities, as project representative. Project management is the responsibility of a project manager. This individual seldom participates directly in the activities that produce the result, but rather strives to maintain the progress, mutual interaction and task (project management), tasks of various parties in such a way that reduces the risk of overall failure, maximizes benefits, and minimizes costs. Overview A project manager is the person responsible for accomplishing the project objectives. Key proj ...
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PERT Chart
The program evaluation and review technique (PERT) is a statistical tool used in project management, which was designed to analyze and represent the task (project management), tasks involved in completing a given project. PERT was originally developed by Charles E. Clark for the United States Navy in 1958; it is commonly used in conjunction with the Critical Path Method (CPM), which was also introduced in 1958. Overview PERT is a method of analyzing the tasks involved in completing a project, especially the time needed to complete each task, and to identify the minimum time needed to complete the total project. It incorporates uncertainty by making it possible to schedule a project while not knowing precisely the details and durations of all the activities. It is more event-oriented than start- and completion-oriented, and is used more for projects where time is the major constraint rather than cost. It is applied to very large-scale, one-time, complex, non-routine infrastru ...
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