PRINCE2 is one of the widely-recognized project management exam-based certification. Here in PRINCE2 qualification one will gain sufficient knowledge and understanding of the PRINCE2 method to be able to work effectively as a member of a project management team working in a PRINCE2 environment. This PRINCE2 courseware is created by international subject matter experts and offers guidance on how to apply and tailor PRINCE2 in a scenario situation. A successful PRINCE2 Practitioner will be able to start applying the PRINCE2 framework and its methodologies to a real project. To know more about PRINCE2 Certification trainings worldwide, please contact us at - Email :support@invensislearning.com Phone - US +1-910-726-3695, Website : https://www.invensislearning.com

1. PRINCE2® Training
PRINCE2® is a registered trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved.
The Swirl logo™ is a trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved.
Course Name : PRINCE2
Version : INVL_PRINCE2_F+P_CW_01_1.4
Course ID : PMGT – 100

2. 2
About Invensis Learning
Invensis Learning is a pioneer in providing globally-recognized certification training courses for
individuals and enterprises worldwide. Our training methodology coupled with high-quality courseware
has enabled organizations to achieve high-impact learning with increased knowledge, competence, and
performance. We offer courses in various categories such as IT Service Management, Project
Management, IT Security and Governance, Quality Management, Agile Project Management, DevOps,
and Cloud Courses. Invensis Learning certification training programs adhere to global standards such as
PMI, TUV SUD, AXELOS, ISACA, DevOps Institute, and PEOPLECERT.

3. 3
What We Offer
We offer globally-recognised training and certifications in categories such as Project Management,
ITSM, Agile, Quality Management, Technology Training, Program Management and IT Security &
Governance.
ITSM Project Management Quality Management
Technology
Training
Agile & Scrum IT Security & Governance
ITIL Foundation PMP Project Rescue Six Sigma Yellow Belt Training Cloud Computing PMI-ACP COBIT5 Foundation
ITIL SD CAPM Project Scope Management Six Sigma Green Belt Training Big Data Scrum Training COBIT5 Implementation
ITIL SS PRINCE2 Project Time Management Six Sigma Black Belt Training Hadoop
DevOps
Foundation
COBIT5 Assessor
ITIL ST PgMP
Project Communications and
Stakeholder Management
Lean Six Sigma Green Belt Training .Net Technologies ISO/IEC 27001 Foundation
ITIL SO PMI-RMP Project Cost Management Lean Six Sigma Black Belt Training Data Warehousing
ITIL CSI P3O Project Procurement Management Introduction to Lean Training CISSP
ITIL RCV MSP Project Leadership Lean Fundamentals Program VC++, MCF
ITIL OSA Microsoft Project Change Management Lean Management Training
Advanced WCF,
WPF
ITIL SOA Microsoft Project Server
Implementing a Project Management
Office
Lean Manufacturing Training Advanced JAVA
ITIL PPO IT Project Management Managing Conflict in the Workplace Lean Processes and Tools Advanced J2EE
ITIL MALC
Project Management
Fundamentals - Overview
Negotiating in a Project Environment
Lean Six Sigma in Information
Technology
ISO 20000 Project Initiation Presentation Skills for Project Personnel Lean Six Sigma in Healthcare
Earned Value Management Project Estimating Techniques DFSS Yellow Belt Training
Project Risk Management Managing Multiple Projects DFSS Green Belt Training
Project Sponsorship DFSS Black Belt Training
Team Development MINITAB Training

4. 4
PRINCE2 - Syllabus
Topics Slide No.
PRINCE2 - Introduction 10-23
PRINCE2 - Principles 24-40
PRINCE2 - Themes 41-44
PRINCE2 Themes - Business Case 45-61
PRINCE2 Themes - Organisation 62-92
PRINCE2 Themes - Quality 93-127
PRINCE2 Themes - Plans 128-155
PRINCE2 Themes - Risk 156-186
PRINCE2 Themes - Change 187-206
PRINCE2 Themes - Progress 207-237
PRINCE2 - Processes 238-247
PRINCE2 - Starting up a Project 248-253
PRINCE2 - Directing a Project 254-262
PRINCE2 - Initiating a Project 263-276
PRINCE2 - Controlling a Stage 277-280
PRINCE2 - Managing Product Delivery 281-284
PRINCE2 - Managing a Stage Boundary 285-293
PRINCE2 - Closing a Project 294-320
PRINCE2 - Tailoring PRINCE2 to the Project Environment 321-325

5. PRINCE2 - Introduction

6. 6
PRINCE2 - Introduction
Copyright Notice
 PRINCE2® is a registered trade mark of AXELOS Limited, used under permission of AXELOS
Limited. All rights reserved.
 All the diagrams, figures, tables and text used in this course material is sourcedfrom the book
“Managing Successful Projects with PRINCE2®”, published by TSO
 Copyright © AXELOS Limited 2009. Material is reproduced under license from AXELOS Limited. All
rights reserved.
 The Swirl logoTM is a trade mark of AXELOS Limited.
 Copyright © 2017 Invensis Technologies Pvt Ltd. All Rights Reserved. Reproducing this material in
any manner is strictly prohibited.

7. 7
PRINCE2 - Introduction
Learning Objectives
 Explain the PRINCE2 project management methodology
 Examine its use in different project situations
 Carry out activities to enable you to practice using parts of PRINCE2
 Prepare for the Foundation and Practitioner Examinations

8. Let’s get started…

9. 9
PRINCE2 - Introduction
What is a Project?
 Projects are the means by which we introduce ‘change’
 A project is a temporary organisation that is created for the purpose of delivering one or more
business products according to an agreed business case

10. 10
PRINCE2 - Introduction
What is a Project?
PRINCE2 Project Characteristics
 Change - Projects are the means by which we introduce ‘change’
 Temporary – Projects are temporary in nature. Projects have a defined start and a defined end
 Cross functional – A Project involves a team of people with different skills, working together to
introduce a change that will influence others outside the team. Thus, Projects cross functional limits
 Unique – Every project is unique. Projects differ from each other on the basis of the nature of the
product, customers, location and other factors
 Uncertainty – There is always a certain degree of uncertainty associated with a project. Projects
are highly risky.

11. 11
PRINCE2 - Introduction
What Makes a Project Successful?
Aspects of a Project
Benefits
Costs Timescales Quality
Scope Risk

12. 12
PRINCE2 - Introduction
What is Project Management?
The planning, delegating, monitoring and control of all aspects of a project, and the motivation of those
involved, to achieve the project objectives within the expected performance targets for time, cost, quality,
scope, benefits and risks.
What are the project objectives? What should a project achieve?
Delegate
MonitorControl
Plan

13. 13
PRINCE2 - Introduction
What is PRINCE2?
What is PRINCE2?
PRINCE2 is an integrated framework of processes and themes that address the planning, delegation,
monitoring and control of all the six aspects of project performance.
PRojects
IN
Controlled
Environments

14. 14
PRINCE2 - Introduction
OGC Best Practice Guidance
The diagram is sourcedfromthebook“Managing Successful Projects with PRINCE2®”, published by TSO

15. 15
PRINCE2 - Introduction
What PRINCE2 is not?
Specialist aspects
 Industry-specific or type-specific activity
 Engineering models
 Project lifecycles Specific techniques (org change management, procurement, etc.)
Detailed techniques
Proven planning and control techniques that can be used in support of the PRINCE2 themes (e.g.
critical path analysis (in planning) and earned value analysis (in progress control) etc.)
Leadership capability
Leadership, motivational skills, and other interpersonal skills PRINCE2 embodies established
and proven best practices and governance methods for project management.

16. 16
PRINCE2 - Introduction
Benefits of Adopting PRINCE2
 PRINCE2 embodies the established and proven best practice and governance for project
management
 It can be applied to any type of project - and can easily be implemented alongside specialist,
industry-specific models
 PRINCE2 provides a common vocabulary for all project participants
 PRINCE2 provides for the explicit recognition of project responsibilities. There is a defined structure
for accountability, delegation, authority and communication
 Its product focus clarifies (for all parties) what a project will deliver, why, when, by whom and for
whom
Contd…

17. 17
PRINCE2 - Introduction
Benefits of Adopting PRINCE2 Contd…
 PRINCE2 plans are designed to meet the needs of the different levels in the management team,
thereby improving communication and control
 It is based on a ‘Management by Exception’ framework, providing for the efficient and economic use
of management time
 PRINCE2 ensures that the focus is on the viability of the project in relation to its Business Case
objectives
 It ensures that the stakeholders (including sponsors and resource providers) are properly
represented in planning and decision making
 Adopting PRINCE2 promotes learning and continual improvement in organisations

18. 18
PRINCE2 - Introduction
The Structure of PRINCE2
The diagram is sourcedfromthebook“Managing Successful Projects with PRINCE2®”, published by TSO

19. 19
PRINCE2 - Introduction
The Structure of PRINCE2
Principles
These are the guiding obligations and good practices which determine whether the project is genuinely
being managed using PRINCE2.
1. Continued Business Justification
2. Learn from Experience
3. Defined Roles and Responsibilities
4. Manage by Stages
5. Manage by Exception
6. Focus on Products
7. Tailor to suit the Project Environment
These are the seven principles and unless all of them are applied and incorporated in the project, it is
not a PRINCE2 project.

20. 20
PRINCE2 - Introduction
The Structure of PRINCE2 THEMES
Themes
These describe the different aspects of project management that must be addressed continually and in
parallel throughout the project.
1. Business Case
2. Organisation
3. Quality
4. Plans
5. Risk
6. Change
7. Progress

21. 21
PRINCE2 - Introduction
The Structure of PRINCE2 PROCESSES
Processes
The PRINCE2 process outline demonstrates a step-wise progression through the project lifecycle, from
getting started to project closure.
1. Starting up a Project
2. Directing a Project
3. Initiating a Project
4. Controlling a Stage
5. Managing Product Delivery
6. Managing a Stage Boundary
7. Closing a Project
Each process comes with associated checklists of recommended activities, products and related
responsibilities.

22. 22
PRINCE2 - Introduction
The Structure of PRINCE2 TAILORING
Tailoring to Project Environment
 ‘Tailoring’ implies the need to adapt PRINCE2 to the specific context of the project
 PRINCE2 is not a ‘one size fits all’ solution; it is a flexible framework that can readily be tailored to
any type or size of project

23. PRINCE2 - Principles

24. 24
PRINCE2 - Principles
The principles of project management originate from lessons learned during projects that include both
successful and not-so-successful ones. They provide a framework of good practice for those people
involved in a project.
The Principles are characterised as:
 Universal, in that they apply to every project
 Self-validating, in that they have been proven in practice over many years
 Empowering, because they give practitioners of the method, added confidence and ability to
influence and shape the execution of the project
 If a project does not adhere to these principles, it is not being managed using PRINCE2, because
the principles are the basis of what defines a PRINCE2 project
 PRINCE2 provides a project management method that can be applied regardless of project scale,
type, organisation, geography or culture. This is possible because PRINCE2 is principles-based.
PRINCE2 Principles

25. 25
PRINCE2 - Principles
The Seven PRINCE2 Principles
PRINCE2
Principle
Continued
Business
Justification
Learn from
Experience
Defined Roles &
Responsibilities
Manage by
Stages
Manage by
Exception
Focus on
Products
Tailor to suit the
project
environment

26. 26
PRINCE2 - Principles
Continued Business Justification
 A PRINCE2 project should demonstrate continued business justification
 There is a justifiable reason to start it
 The justification should remain valid throughout the life of the project
 The justification is documented and approved
 The justification is documented in a Business Case. The justification should remain valid at all times.
It is, therefore important that the project and evolving justification remain consistent.

27. 27
PRINCE2 - Principles
Learn from Experience
PRINCE2 project teams learn from previous experience: lessons are sought, recorded and acted upon
throughout the life of the project.
When starting up a project, learn from the past and from other projects. During the project, learn from
the project, and capture those lessons. When the project closes, report the lessons.
It is the responsibility of everyone involved with the project to seek lessons learned rather than waiting
for someone else to provide them.

28. 28
PRINCE2 - Principles
Defined Roles and Responsibilities
A PRINCE2 project has defined and agreed roles and responsibilities within an organisation structure
that engage the business, user and supplier stakeholder interests.
A project may involve people from different organisations with varied interests.
The Project management team structure consists of defined and agreed roles and responsibilities.
Four levels in the organisation are defined;
Primary stakeholders:
 ‘Business’ sponsors, who endorse the objectives and ensure that the business investment provides
value for money
 'Users’, who, after the project is completed, will use the products to enable them to gain the intended
benefits
 ‘Suppliers’, who provide the resources and expertise required by the project (these may be internal
or external)

29. 29
PRINCE2 - Principles
Manage by Stages
A PRINCE2 project is planned, monitored and controlled on a stage-by-stage basis.
Breaking the project into a number of stages enables better control over the project.
Shorter stages offer more control, longer stages reduce burden.
The duration and number of stages are decided by business priority, risk and complexity.
Plan, delegate, monitor and control the project on a stage-by-stage basis, technical stage, and
management stage
PRINCE2 requires a minimum of two management stages: one initiation stage and one or more further
management stages.

30. 30
PRINCE2 - Principles
Manage by Exception
A PRINCE2 project has defined tolerances for each project objective to establish limits of delegated
authority.
PRINCE2 enables appropriate governance by defining distinct responsibilities for directing, managing
and delivering the project and clearly defining accountability at each level.
Authority delegated from one management level to the next by setting tolerances against six objectives
for the respective level.
Controls are set up so that if those tolerances are forecast to be exceeded, they are escalated to the next
management layer for a decision.
A PRINCE2 project provides a very efficient use of senior management time as it reduces
senior managers’ time burden without removing their control.

31. 31
PRINCE2 - Principles
Focus on Products
A PRINCE2 project focuses on the definition and delivery of products, in particular, their quality
requirements.
A successful project is output-oriented, not action oriented.
An output-oriented project is one that agrees and defines the project’s products prior to undertaking the
activities required to produce them.
The set of agreed products defines the scope of a project and provides the basis for planning and
control.
Product Descriptions aim to provide suchclarity by defining each product’s purpose, composition,
derivation, format, quality criteria and quality method.
They provide the means to determine effort estimates, resource requirements, dependencies and activity
schedules.

32. 32
PRINCE2 - Principles
Tailor to Suit the Project Environment
PRINCE2 is tailored to suit the project’s environment, size, complexity, importance, capability and risk.
The PRINCE2 project management method is designed to be tailored to its specific needs.
If PRINCE2 is not tailored, the project management effort and approach may not be appropriate.
The purpose of tailoring is to:
Ensure that the project management method relates to the project’s environment (e.g. aligning the
method to the business processes that may govern and support the project, such as human resources,
finance and procurement).
Ensure that the project controls are based on the project’s scale, complexity, importance, capability and
risk (e.g. the reportingand reviewing frequency and formality).

33. PRINCE2 - Themes

34. 34
PRINCE2 - Themes
What are Themes?
The PRINCE2 themes describe aspects of project management that must be addressed continually.
The PRINCE2 processes address the chronological flow of the project – with actions relating to different
themes mixed together.
Seven themes:
 Business case
 Organisation
 Quality
 Plans
 Risk
 Change
 Progress

35. 35
PRINCE2 - Themes
Applying the Themes
All seven themes must be applied in a project, but they should be tailored according to the scale, nature
and complexity of the project concerned.
Themes can be tailored ’up’ or ’down’, i.e. additional detailed documentation and process discipline can
be introduced for complex or high-risk projects, whereas concise bullet-point presentations and more
informal processes may be adequate for simple, low-risk projects.

36. 36
PRINCE2 - Themes
Format of the Themes
Each of the theme chapters are structured as follows:
Purpose
 Why is it important for the successful completion of the project?
Theme defined
 Terms and definitions used
The PRINCE2 approach to the theme
 The specific treatment of the particular aspect of project management required for the PRINCE2
processes to be fully effective
Responsibilities
 Specific to the key theme for each PRINCE2 role

37. 37
CONTACT INVENSIS LEARNING
Email Us:
© Copyright 2017 Invensis Learning. Invensis®
is a registered trademark of Invensis Technologies Pvt Ltd.
PRINCE2® is a registered trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved.
The Swirl logo™ is a trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved.
www.invensislearning.com
support@invensislearning.com
USA +1-910-726-3695 | IND +91-96-2020-0784