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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.

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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. Prepare the business case This step is where PRINCE2 7 deviates from other methods and approaches.

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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.

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Episode 185 – Redefining Project Success through Sustainable Project Management

Velociteach

Projects are instrumental in defining an organization’s vision for a more sustainable future. Dr. Joel Carboni talks about Sustainable Project Management, and the goal to achieve a stated objective while considering the project outcome’s entire lifecycle to ensure a net positive environmental, social, and economic impact.

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Understanding Risk in PMBOK® Guide – Seventh Edition With Ed Lively Thursday, October 5 6:00 AM and 1:30 PM EDT

International Institute for Learning

IIL's core competencies include Project, Program and Portfolio Management, Business Analysis, Microsoft® Project and Project Server, Lean Six Sigma, PRINCE2®, ITIL®, Agile, Leadership and Interpersonal Skills, Corporate Consciousness and Sustainability.

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Artificial Intelligence And Transformation Team Implications

International Institute for Learning

When AI data interpretation is incorporated into decision making processes, there needs to be total trust and confidence in the interpretation calculation approach, the quality of the original data input and any risks of utilising the interpretation. Finally, transformation teams involved in AI are often explorers, forging new ground.

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Scrum Master vs Project Manager — An overview of the differences.

Scrum.org

Looking at some of the well-known Project Management methodologies, such as PM-Bok or PRINCE2 , we find the following: The Project Manager manages a project on a day-to-day basis and is the only one with this day-to-day focus on the project. The Project Manager usually (preferred by PRINCE2) comes from the customer. Source: [link].

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