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About Prince2

PRINCE2 (Projects in Controlled Environments) is an originally project management

method created by combining practical experience (best practices in project

management). The method is the defacto standard for project management in the

United Kingdom and is practiced worldwide. The PRINCE2 manuals are available in

several languages.

The Office of Government Commerce (OGC), owns the method and the application

and use of PRINCE2 is monitored by the APM Group. While the PRINCE2 manual is

owned and maintained by the UK Government, several other governments are now

recommending its use (for exampleThe Netherlands, Denmark, Germany) and it has

been adopted by The United Nations Development Program as part of their global

framework for managing projects.

Processbased approach for project management, PRINCE2 provides an easily

customizable andscalable method for the management ofall types of projects.

Although originally designed for themanagement of Information Technology projects,the latest version of PRINCE2 is suitable for allother types of projects across industry

verticals like Financial Services, Telecommunications,Business Management Services,

Engineering, Education / Training, Defense, Aerospace, Utilities,Research and

Development, Construction just to name a few.PRINCE2 enables projects to have:

y A controlled and organized start, middle and end with Flexible Decision Pointsy Regular reviews of progress against plan and against a specified Business Casey Automatic Management Control of any deviations from the plany Involvement of management and stakeholders at the right time and place

during the project

y Good communication channels between the project, project management, andthe rest of the organization.

PRINCE2 has now become more than a just manual. When people say we are using

PRINCE2 theydont mean that they are using the manual. They imply that they

direct, manage or participate on aproject which follows the process/processes,

components and techniques embodied in the man ual.

Currently there are two different levels of PRINCE2 Certification:

Foundation Certificate the certificate holder is able to act as an informed member of

a projectmanagement team using the PRINCE2 method within a project environment

supporting PRINCE2.The certificate holders need to demonstrate they understand the

principles and terminology of themethod. The exam is Closed Book and comprises a

multichoice paper of Seventy (75) Questions,Out of which Thirty Five (35) Questions

must be answered correctly within One (1) Hour.Practitioner Certificate the

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certificate holder is able to apply PRINCE2 to the running andmanaging of a project

within an environment supporting PRINCE2. The certificate holders need toexhibit the

competence required for the Foundation qualification, and show that they can apply

andtune PRINCE2 to address the needs and problems of a specific project scenario.

The exam isOpenBook and comprises Nine (9) scenario based questions which must

be answered within Twoand a half hours. Each Question carries 12 marks and the

successful participants must score at least59 marks to clear the exam.

Whats New in Prince2: 2009?

Launched in June 2009, New Version of Projects in Controlled Environments 2

(PRINCE2) has beenupdated to reflect the latest changes in the project management

arena.

Links between other frameworks (ITIL, P3O, MoR, MSP) and PRINCE2 have been

madeclearer.

PRINCE2 latest edition uses a common language as used in the other OGC

frameworks.

Components and Techniques chapters have been removed, and these chapters

have nowbeen combined into the new Themes section.

The PRINCE2 Foundation and Practitioner exams will be based on the new

"Managing ProjectsManual" and will not include materials from the "Directing

Projects" manual.

The newer version of PRINCE2 will significantly reduce the amount of processes and

subprocesses;

Clarification of the 7 Principles of PRINCE2 Project Management

Seven (7) Themes instead of Eight (8) Components

Seven (7) Processes instead of Eight (8)

Thirty (36) Management Products reduced to Twenty Seven (27)

Useful Appendices, containing product description outlines for PRINCE2s defined

managementproducts.

PRINCE2 Introduction

PRINCE2 and the Big Picture

8 components of planning

8 processes for managing projects

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12. Organization

The project management team

Responsibilities of:

The Project Board

The Project Manager

Team Managers

Project support

13. Starting up a Project

Purpose of a Project Brief

The essential Business Case

14. Initiating a Project

The scope of Project Initiation

Purpose of a PID

15. Quality Management

Understanding Customer expectations

Purpose of a Quality Plan

Quality reviews

16. Planning

Why ProductBased Planning?

Understanding ProductBased Plans

17. Controls and Stages

Project controls

Project Board controls

Defining your level of authority

18. Risk Management

The importance of Risk Management

The sources and types of risk

19. Directing a Project

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Taking authority and responsibility

Steering through problems

20. Managing a Project

Controlling a stage

Managing product delivery

Managing stage boundaries

21. Change Management

Why Change Control?

Configuration Management

22. Closing a Project

Benefits of obtaining a formal project signoff

Why PostProject Review Plans?

23. Class Exercises

Review of PRINCE2 project documents

24. Exam Preparation

Sample Foundation Exam questions

For more details log on to http://www.knowledgewoods.in/prince2 or call us at +91

9811164603.