Prince 2 — Managing Successful Projects With

Heavy emphasis on identifying and mitigating risks early.

These are the obligatory rules that define if a project is truly being managed using PRINCE2:

These are the aspects of project management that must be addressed continuously: Why are we doing this? Organization: Who is involved? Quality: What does "good" look like? Plans: How will we do it, and how much will it cost? Risk: What if something goes wrong? Change: How do we handle requests for new features? Progress: Where are we now vs. where we planned to be? 3. The 7 Processes (The "How") Managing Successful Projects with PRINCE 2

Limits (tolerances) are set for time, cost, and quality. If these aren't exceeded, the Project Board stays out of the daily details.

The focus is on the output (what we are building) rather than just the activities. Heavy emphasis on identifying and mitigating risks early

The Project Board provides oversight and makes key decisions.

It provides a standardized vocabulary for teams and stakeholders. Quality: What does "good" look like

While traditional PRINCE2 is often seen as "waterfall," was introduced to combine the governance of PRINCE2 with the flexibility of Agile delivery methods (like Scrum or Kanban) [3].