Once the project has been completed, the Project Manager finishes any other business, such as documentation, reporting and results. The last activity of Prince2 is the closure of the project. The Project Manager and the Project Board assess at the end of each phase whether the project is still on track, and whether it still meets all requirements and exceptions.ДЄfter each evaluation, the Board must decide whether to continue with the next phase of the project, or whether the project will be cancelled in its entirety or partially. The Project Board assesses the completed Work Packages, and requests changes or amendments where necessary. The Project Manager monitors the progress based on the project description, and ensures that the products to be delivered comply with the customerвЂ™s expectation, the Prince2 quality requirements and general conditions. The fifth process of Prince2 is managing product delivery. This will help ensure that everything goes according to plan and without surprises. The Team Managers coordinate the daily activities and serve as a link between the Project Manager and the individual team members. Meanwhile, the Project Manager monitors the progress of these Work Packages, and intervenes where necessary to help remove obstacles or correct errors. They in turn will set out to complete these Work Packages. Controlling stagesДuring the fourth process of Prince2, the Project Manager splits up the project into smaller Work Packages and passes these on to Team Managers. As soon as the Project Board believes in the project and grants its approval, the real project work starts. The Project Initiation Document is submitted to the Project Board for approval. These goals encompass six performance goals, being: The Project Manager creates the Project Initiation Document (PID), including a project plan and baselines for the project goals. The Project Board decides what needs to be done to realise and organise a project which has been approved. The Project Board assess and evaluates the project instructions on its business justification, as stated in the first principle of the basis of Prince2.ДЄnother important factor affecting the decision to approve or reject a project is viability. The Project Mandate corresponds to the project charter from the PMBOK Guide. This project description will list the necessary resources, stakeholders, requirements, etc. Once the project has been approved, the person who started the project submits a more detailed project description. The reason for this is that it is crucial that the assigned group of people is the right one to complete this project successfully. The Project Mandate is assessed prior to the assignment of the project to a company or project team. The Project Mandate is usually quite short, and only contains the justification for why the project is required, and what it will achieve in the ideal situation. This is the request made by someone for a new project. Starting up a project often consists of the drawing up of the Project Mandate. Below is an overview of the various phases. The Project Manager oversees these seven previously mentioned principles, and ensures that everything remains up to date on the task board. In this, each process has its own agenda, its own demands, different responsibilities, activities etc. It encompasses the projectвЂ™s evolution from start to finish. Prince2 can be defined based on seven processes. The 7 phases of project management using Prince2 In addition to the seven phases of project management in Prince2, this article will also discuss the basis of this project management approach as well as the various themes woven into the methodology by the founders of Prince2. In the Prince2 diagram, the arrows represent the various flows of information. Their skills are also matched to the complexity of a project. Due to this structured method, Prince2 provides all participants with a common language. Prince2 divides a project into manageable phases, allowing for tight supervision. In the Prince2 diagram, the arrows reflect the information flows: In addition, their skills are linked to the complexity of a project. Because of this structured method, Prince2 provides a common language for all participants. Prince2 divides a project into manageable stages because of which there is close supervision. This project management methodolog also performs automatic checks on any deviations. The input and output of each sub activity are indicated separately. It describes procedures for the coordination and supervision of people and activities within a project and it provides points of reference for the adjustments of a project when this does not proceed according to plan. Prince2 is an automation method to manage a project according to a structured approach and clearly defined parameters.

Prince2 project stages