article thumbnail

Who does what in Project Initiation in PRINCE2®

Rebel’s Guide to PM

Initiating a project is where it all starts in PRINCE2®. The Initiating a Project process is designed to “establish solid foundations” according to the 2023 Managing Successful Projects official manual, also known as PRINCE2 7. Create the project plan Next during project initiation, you create the project plan.

Prince2 344
article thumbnail

PRINCE2: The Project Management Method Explained

Rebel’s Guide to PM

What is PRINCE2®? PRINCE2® is a project management method. PRINCE2® stands for Projects IN a Controlled Environment (Version 2). Who is PRINCE2® for? PRINCE2® works in a huge number of industries and domains. It’s a predictive methodology, although PRINCE2 Agile ® allows for agile frameworks.

Prince2 363
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How To Close A Project In PRINCE2

Rebel’s Guide to PM

If you aren’t using PRINCE2®, or if you want some general guidance as well about project closure documents and so on, read this next: How to close a project. This article has been updated to be fully aligned to PRINCE2 7 (2023 edition). How does PRINCE2® handle closing a project? Where can I get more guidance?

Prince2 331
article thumbnail

How to manage project tolerances (with PRINCE2® 7 guide)

Rebel’s Guide to PM

The 7 tolerances in PRINCE2® The two most frequently used tolerances are budget and time, although PRINCE2® offers you a choice of seven tolerances: time, cost, scope, risk, quality, sustainability and benefits. Sustainability tolerance Sustainability tolerances are new for 2023 in PRINCE2 7.

Prince2 334
article thumbnail

From Risks to Requirements – An Approach to Project Initiation

The IIL Blog

By Vincent Marguier October 4, 2023 Risk management is a dynamic component of any project, where risks—and opportunities—must constantly be assessed and monitored to deliver in the most successful way. Vincent holds a master’s degree in mechanical engineering from the Grenoble INP in France and both PRINCE2 and PMP certifications.

article thumbnail

A How to Guide on Initiating a Project

Project Pulse Journal

Imagine initiating a project so effectively that it stays on track and aligns perfectly with organizational goals. In this article, we provide step-by-step tactics for " Initiating a Project " the right way. In this article, we provide step-by-step tactics for " Initiating a Project " the right way. What is Project Initiation?

article thumbnail

The Road to Responsible Collaboration: Architecture and Models

The IIL Blog

in-house standards, PMBOK®, PRINCE2®, etc.). During initiation, the numerous deliverables, processes, tools, and techniques provided by PM can be assessed, agreed by all parties, and integrated into the POCL model. link] Don’t miss IPM Day 2023 going live November 2 nd ! References 1 Hornby, Robin. Register here!

Prince2 78