Reflective Understanding Of Prince2 Principles In A Project Environment

our site REFLECTIVE ESSAY EXAMPLE CUSTOM ESSAY piece of music IntroductionPRINCE is a childbed concern method for goled environments.I found the educate comprehensive and the method a little overwhelming, but overall the of course provided me with a clear understanding of how the system can help businesses operate successful dispatchs. I obtained information using the slides provided by London southern believe University (2016), and online search of expressions and publications about the application of PRINCE, and the different elements of the system.Murray (2011) states that the main precedent why PRINCE was upgraded in 2006 the constantly changing nature of project focusing methods and new challenges of project managers, and PRINCE2 is todays best practice hackneyed, susceptibility program, and project anxiety framework that has a elaborated project suffice model.The Seven Principles of PRINCE2According to the vaticinator White Paper (Oracle, 2011), the manage ment processes knowing by the framework argon based on seven principlesa. go on business justificationIn my understanding, is necessary to monitor lizard the plan and analyse it with the actual performance, to ensure that the original project is still suitable for delivering the objectives. This helps companies monitor the health and feasibility of projects.b. learn from experienceThe research and review front projects, use existing effective templates, and apply knowledge obtained from them.c. defined roles and responsibilitiesThe mental hospital of project and activity teams is necessary for the success, and the effective allocation of the roles (Marsh, 1996).d. manage by stagesIt is important to create get wind points in the project to separate stages, phases, and severalise main events.e. manage by exceptionWorkbenches, such as the autobus Workbench and Review Program Workbench should be utilise in order to manage exceptions and implement automated change control, when exceptions occur.f. focus on productsThe Deliverables section of the plan should be detailing product expectations, including whole tone pledge guidelines.g. tailor to suit the project environmentTemplates provide flexible control for project managers, to change the levels and types of controls to be implemented.PRINCE2 ThemesThe main fundaments of PRINCE2 are business case, organisation, essay, change, eccentric, and plan. The rail line Case theme addresses why the project is created, what the options are, outlines the costs, measurescales, expected outcomes, and risks. The Project suitment determines who is the owner of the project, identifies the roles of team members, and authorities. It also highlights the roles and responsibilities of each member of the team ahe Project Board consists of an executive, senior user, and senior supplier. To manage and account risks, a risk register is created, with each risk having a ludicrous identifier. All users should contain acc ess to the risk register.The PRINCE2 MethodThe method of PRINCE involves controls and breakpoints. TThere are five process groups in the PRINCE2 method initiating, planning, executing, monitoring and controlling, and closing.The method covers 10 different knowledge areas and integrates them in a way that they all make for towards the successful execution of the plans. The above information is available in the 2009 TSO chronicle (TSO, 2009b).Project Plans and LevelsAs it has been stated previously, PRINCE2 has an organisational theme that needs to be discussed in detail, in relation with the levels and responsibilities related to each level. The main levels are design management, directing, managing, and delivering (TSO, 2009a).The Quality ThemeThe quality theme features managing expectations and projected outcomes, designing quality assurance and interventions. According to a recent publication by CIPFA (2012), the quality approach al showtimes the planning of systematic activit ies leading to the identification of the companys products, the projects products, and the tracking of the quality methods. Customers expectations are analysed, an acceptance criteria is created, and this leads to the expatiate project product description. The next task is to generate a project response, and a quality register. Quality, according to the definition of PRINCE2, is The total amount of features or characteristics of a product, such that it meets expectations and satisfies the stated needs. Saying that all features of the product have to work as expected for a given amount of time (London South Bank University, 2016). Simply put, the main purpose of the quality theme is to ensure that all the products are fit for their purpose. This approach signifies that if the quality of the products is compromised, the outcomes of the project will be negatively affected, as well. Before implementing the PRINCE2 project, it is necessary to agree on the acceptance criteria and quality expectations. For quality planning, the MoSCoW method of prioritisation should be used must have, should have, could have, and wont have for now. This information is detailed in the CIPFA (2012) publication. danger ThemeThe risk management and monitoring features implemented in PRINCE2 are as follows identifying risk, assessing it, planning (to avoid, exploit, reject, etc.) the risk, implementation of actions by risk owners, and communication through checkpoints, highlights, and reports, according to the PowerPoint lecture of London South Bank University (2016). The identification of risk is followed by their qualitative assessment high, medium, or low risk categories, and the assessment of each risks potential impact. Risk responses can be avoidance, exploitation, enhancement, reduction, or sharing. vary ThemeFerguson (2011) describes this theme as the ability to identify and control baselines, changes, and approve or reject them. The online article talks about the applicability o f PRINCE on smaller scale projects. Change management should be based on aligning the objectives of the project with the incumbent changes, and making adjustments in order to meet the expectations of the project owners and the customers. For example, the implementation of a change might change the projected outcomes, therefore, changes need to be made. put across ThemeThe Progress theme can be described as providing periodic snapshots of the level of completion and performance towards the objectives (Oracle, 2011). Under this theme, the calculations of Earned abide by and Earned Value Projection are completed, and this allows project owners and directors to see the appraise of work completed against the resources used. Thresholds are also important in this bench-marking process. remainderBased on the above review, the main benefits of PRINCE2 for companies can be highlighted as real time input and monitoring, risk management, performance and quality control abilities, and clear definition of objectives. The main benefit of the PRINCE2 method is that it provides a standard and common language for project management professionals. I believe that adapting the management approach can improve the success rate of small- and large-scale projects alike.BibliographyCIPFA. 2012. PRINCE2 degraded Reference acquit.Ferguson, C. 2011. PRINCE2 for Small-scale Projects. Novare Consulting.London South Bank University. 2016. PRINCE2 Presentations and Lectures.Marsh, D., 1996. Project management and PRINCE. Health Informatics, 2(1), pp.21-27.Murray, A. 2010. White-paper PRINCE2 AND Governance. Outperform. Document Number 1042-01-01 Version Number 1v0Oracle. 2011. PeopleSoft Projects (ESA) Support for PRINCE2. An Oracle White Paper June 2011TSO. 2009a. Managing and Directing Successful Projects with PRINCE2. The Stationary Office.TSO. 2009. The Executive Guide to Directing Projects within a PRINCE2 and MSP Environment, TSO 2009