Is this project still worth doing?
PRINCE2 breaks projects down into manageable chunks called Management Stages. This allows the Project Board to provide "high-level" oversight without getting bogged down in daily tasks. prince2 7 principles
| Principle | In Story | Key Takeaway | |-----------|----------|----------------| | | David updated the Business Case when competitor launched & new tech emerged. | Always ask: Is this still worth doing? | | 2. Learn from Experience | Read Lessons Log from past failed IT project; called Chloe. | Capture and apply lessons from day one. | | 3. Define Roles & Responsibilities | Sarah changed database; David posted RACI chart. | No role ambiguity = no finger-pointing. | | 4. Manage by Stages | Planned in 4 stages; reviewed after each before continuing. | Plan, execute, then re-evaluate at fixed points. | | 5. Manage by Exception | Cost exceeded tolerance; David escalated to Maria for decision. | Senior management sets limits; PM works within them. | | 6. Focus on Products | Used Product Description for Shopping Cart before coding. | Define what you deliver, not just what you do. | | 7. Tailor to Suit | Dropped 26 documents to 1 spreadsheet + stand-ups. | Fit the method to the project, not vice versa. | Is this project still worth doing
: Projects are broken down into manageable sections called management stages. This allows for regular assessment of the project's progress and viability before proceeding. Manage by Exception | Principle | In Story | Key Takeaway
A mobile app development project. Two months in, a competitor releases a superior free app. The original Business Case is broken. PRINCE2 demands you stop, reassess, and likely terminate the project rather than throwing good money after bad.
offers a list of 10 strategies specifically for passing the Foundation level on your first attempt. What's New in PRINCE2 7
