PRINCE

PRINCE2 is an acronym which stands for PRojects IN Controlled Environments. It is a project management methodology to manage projects and bring them in on time, within budget and with a quality deliverable. Further, it is a process approach that focuses on control over the entire project from start to finish.

• Appendix 01: PRINCE Principles
• Appendix 02: PRINCE Process Journey
• Appendix 03: PRINCE Governance
• Appendix 04: PRINCE Roles and Responsibilities
• Appendix 05: PRINCE Risk Management (Management of Risk)
• Appendix 06: PRINCE Risk Register
• Appendix 07: PRINCE Risk Management Procedure
• Appendix 08: PRINCE Risk Management (Influence on Project Risk)
• Appendix 09: PRINCE Risk Management Strategy (Impact decisions)
• Appendix 10: PRINCE Identification Techniques
• Appendix 11: PRINCE Risk Estimation Techniques
• Appendix 12: PRINCE Risk Responses
• Appendix 13: PRINCE Communication
• Appendix 14: PRINCE Checklist

Appendix 1: PRINCE Principles

Appendix 2: PRINCE Process Journey

Appendix 3: PRINCE Governance

Appendix 4: PRINCE Roles and Responsibilities

• Stakeholder #1: Project board
• Stakeholder #2: Executive
• Stakeholder #3: Senior user
• Stakeholder #4: Senior supplier
• Stakeholder #5: Project manager
• Stakeholder #6: Project assurance
• Stakeholder #7: Change authority
• Stakeholder #8: Project support

Appendix 5: PRINCE Risk Management (Management of Risk)

• Understand the project’s context
• Involve stakeholders
• Establish clear project objectives
• Develop the project risk management approach
• Report on risks regularly
• Define clear roles and responsibilities
• Establish a support structure and a supportive culture for risk management
• Monitor for early warning indicators
• Establish a review cycle and look for continual improvement

Appendix 6: PRINCE Risk Register

• Who raised the risk
• When it was raised
• The category of risk
• The description of the risk (cause, risk event, effect)
• Probability, impact and expected value
• Proximity
• Risk response category
• Risk response actions
• Risk status
• Risk owner
• Risk actionee.

Appendix 7: PRINCE Risk Management Procedure

• Identify (context and risks)
• Assess (i.e. Estimate and Evaluate)
• Plan
• Implement
• Communicate.

Appendix 8: PRINCE Risk Management (Influence on Project Risk)

• Customer’s quality expectations
• Number of organizations involved and the relationship between them
• The needs of the stakeholders involved with the project
• The importance, complexity and scale of the project
• What assumptions have been made
• The organization’s own environment (e.g. legislative or governance requirements)
• The organization’s approach to risk management as described by its risk management policy.

Appendix 9: PRINCE Risk Management Strategy (Impact decisions)

• Tools and techniques to be used
• Records to be kept
• Risk reporting
• Timing of risk management activities
• Roles and responsibilities for the risk management procedure
• Risk scales to be used (for likelihood, impact, proximity)
• Any categorization of risks (and possibly the
• risk breakdown structure to use)
• Risk response categories to be used
• Early warning indicators
• Any risk tolerances
• Whether a risk budget will be established and, if so, how it will be controlled

Appendix 10: PRINCE Identification Techniques

• Review lessons
• Risk checklist
• Risk prompt lists
• Brainstorming
• Risk breakdown structure
• 
  
• METHOD
• Risk CAUSE
• Risk EVENT
• Risk EFFECT
• Risk THREAT
• Risk OPPORTUNITY

Appendix 11: PRINCE Risk Estimation Techniques

• Probability trees
• Expected value
• Pareto analysis
• Probability impact grid

Appendix 12: PRINCE Risk Responses

• Avoid (threat)
• Reduce (threat)
• Fallback (threat)
• Transfer (threat)
• Accept (threat)
• Share (threat or opportunity) 
• Exploit (opportunity) 
• Enhance (opportunity) 
• Reject (opportunity)

Appendix 13: PRINCE Communication

• Checkpoint reports
• Highlight reports
• End stage reports
• End project reports
• Lessons reports

Appendix 14: PRINCE Checklist

• Starting a project
• Directing a project
• Authorise the project
• Authorise a stage or exception plan
• Direction of project
• Authorise project closure
• Initiating a project
• Controlling a stage
• Managing product delivery
• Managing a stage boundary
• Closing a project