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PRINCE2 (PRojects IN Controlled Environments) is a structured project management method [1] and practitioner certification programme. PRINCE2 emphasises dividing projects into manageable and controllable stages. It is adopted in many countries worldwide, including the UK, Western European countries, and Australia. [2]
Managing Stage Boundaries is one of seven processes that make up PRINCE2, a systematic approach to project management developed by the UK's Office of Government Commerce and used widely in UK government and industry. The fundamental principle of Managing Stage Boundaries (SB) is to ensure that, at the end of each stage, the project stays ...
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 ...
The PBS is identical in format to the work breakdown structure (WBS), but is a separate entity and is used at a different step in the planning process. The PBS precedes the WBS and focuses on cataloguing all the desired outputs (products) needed to achieve the goal of the project.
In the PRINCE2 project management method, a product description (PDD) is a structured format that presents information about a project product.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.
The project management triangle. The project management triangle (called also the triple constraint, iron triangle and project triangle) is a model of the constraints of project management.
As the V-model is publicly available many companies also use it. In project management it is a method comparable to PRINCE2 and describes methods for project management as well as methods for system development. The V-model, while rigid in process, can be very flexible in application, especially as it pertains to the scope outside of the realm ...
From IT6 to IT18, the standard tolerances are multiplied by the factor 10 at each fifth step. This rule applies to all standard tolerances and may be used to extrapolate values for IT grades not given in Table 1. For example, the nominal size range 120 mm up to and including 180 mm, the value of IT20 is: IT20 = IT15 × 10 = 1.6 mm × 10 = 16 mm [2]