Remove 2002 Remove PMO Remove Prince2 Remove Risk
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Project Boards and Project Steering Groups: An Introduction

Rebel’s Guide to PM

They let you know whether you can go overspent or what risk mitigation actions are the right ones for this point in the project. Have as many layers as fits within your PMO methodology. That’s the minimum (and the approach advocated by PRINCE2). Risks and issues. They should help guide you to project success.