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Tailor to suit the project: PRINCE2 is tailored to suit the project environment, size, complexity, importance, time capability and risk. Tailoring is the first activity in the process initiating a project and reviewed for each stage. Not every aspect of PRINCE2 will be applicable to every project, thus every process has a note on scalability.
In project management under the PRINCE2 methodology, a product breakdown structure (PBS) is a tool for analysing, documenting and communicating the outcomes of a project, and forms part of the product based planning technique.
The project initiation documentation is a PRINCE2 [1] term representing the plan of approach in project management. It is assembled from a series of other documents, including the business case, the terms of reference, the communication plan, the risk register, the project tolerances, the project plan, and any specific project controls or inspections as part of a departmental quality plan or ...
Product-based planning is a fundamental part of the PRINCE2 approach to project management, and is a method of identifying all of the products (project deliverables) that make up or contribute to delivering the objectives of the project, and the associated work required to deliver them. The documents which define the Project itself are also ...
The process is managed by the Project Manager, who informs the Project Board of the likelihood of success in attaining the project's business objective, project plan, together with associated risks and issues. If the Project Board is satisfied with the current stage end and the next stage plan, the project is permitted to continue.
The PFD is a planning aid, not an outcome of planning (like a PERT chart which looks similar), this is a common cause of confusion among the project managers The PFD should contain all the products of the product breakdown structure (equivalent to a work breakdown structure)
It is a management product (document), usually created by the project manager during the process of initiating a project in the initial stage of the PRINCE2 project management method. It is approved by the project board as part of the project plan documentation. [1] It should not be confused with a project product description(PPD), which (in ...
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