GEORGE BROWN COLLEGE
PRINCE2
RESEARCH ASSIGNMENT
BUS 4053
Jonathan Chiu (101014291)
Shyju Kozhisseri (100993642)
TABLE OF CONTENTS
INTRODUCTION
HISTORY OF PRINCE2
PRINCE2 METHODOLOGY PRINCIPLES
THEMES
PROCESSES
PROS AND CONS
POPULARITY IN WORLD MARKET
PRINCE2 CERTIFICATIONS
PRINCE2 AND BUSINESS ANALYSTS
INTRODUCTION
“Of all the thing I’ve done, the most vital is coordinating the talents of those who work for us and pointing them towards a certain goal.” – Walt Disney. This quote is directly from Walt Disney himself. The quote has a huge relevance to project management as it can tie into the area of the subject, which is PRINCE2. The question before anything is: What is PRINCE2? The purpose of
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CORE PRINCIPLES
There are seven key principles that encompass PRINCE2. They are essentially lessons that were derived from projects that have either gone really well or gone poorly. The seven are:
Continued business justification
Continued business justification means to justify the use of time and resources at every stage of the project, especially in lower levels and emphasizes the need of a project to be aligned to the objectives of the organization. It recommends the use of business case which elaborates the purpose of starting the project, forecasts benefits of the project, estimates costs of the project including operational costs and timescale of the project.
Manage by exception
Manage by exception assumes that the day to day management of stage of the project which is in the agreed tolerance limits of objectives like scope, time, cost and risk comes under the responsibility of project managers. Only the exception ones are escalated to senior managers for decisions. This is to efficiently use the time of senior management.
Learn from experience
Team members that are involved in projects that incorporate PRINCE2 learn from previous experience. These lessons are then recorded and acted upon. They act as precedence for new projects and are applied at any given stage of the project. All lessons used are included in the reports and reviews.
Defined roles and responsibilities
It is crucial for a PRINCE2 project to engage the
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The company I work for is a private engineering consulting firm. Brown and Caldwell is the largest engineering consulting firm solely focused on the U.S. environmental sector. Our services include utilities, government, technology, industry, water, and environmental. I am currently working on a project in which involves increasing the number of monthly project reviews, which is an area that I am responsible for monitoring. This area is the most monitored of all because my organization has a large issue meeting the company required metrics put in place by the Project Management Office. I have until our fiscal year end to
Each of the following chapters presents a discussion about a particular virtue or vice that a prince might have, and is therefore structured in a way which appears like traditional advice for a prince. However the advice is far from traditional.
Project 2010 is known for its usefulness in assisting with project management. Project 2010 is good for creating, scheduling and arranging tasks for any size projects. This tool allows project managers and others to manage projects, task, scheduling and linking tasks just to name a few options. This tool is very easy to navigate that novice or skilled can clearly understand the screen and tabs needed to complete a project. In addition to all of the above, Project 2010 has ways to ensure that tasks are as you requested signified by colored bars, arrows to indicate task modes, linked and scheduled tasks. The user can always review the informative tutorial to gain more knowledge on using the many options of Project 2010.
Directing and managing project work – It involves all the activities managed and performed while carrying out project plan.
Even though the price would be lowered because of the bad weather as per the tying in price and weather policy, not everyone would still want to go away. Either it needs to be explained clearly on the website that undesirable weather will not entitle any customer to a refund or to change or cancel their booking without penalty; or the policy must be clear in whatever the company decides is fair. For example, it may state that if the weather is unpleasant can change (but not cancel) the booking to another time.
The VP of marketing, Lori, selected Elliot Wood as the project manager for the Video Game Market Research Project. Elliot had previous project management and market research experience within the company, and he also was an avid video game enthusiast. He still had the Atari system he used to play in high school, and he enjoyed playing newer games with his two children. Elliot, however, was wary of doing business on the Internet and refused to make any of his own purchases online. He also did not let his grade school children use the Internet unless they were
The way a project is conducted can have a significant impact on the success (PMBOK, 2013, p. 1) and that is why best practices for project management are needed. A project’s goal is to create a product, service, or result, which can be tangible or intangible, but always needs to have a clear beginning and ending (PMBOK, 2013, p. 3). Even though every project is different and unique, all projects are created for long lasting outcomes (PMBOK, 2013, p. 3). Because of these reasons, projects need management. Project Management is the application of knowledge, skills, tools, and techniques that guide the project to meet its purpose (PMBOK, 2013, p. 5). There are five process groups that are: initiating, planning, executing,
MedDev is looking to streamline their resource planning across various departments in order to support their global growth and cut costs. In order to achieve this business objective, they are undertaking ERP Implementation as a Key project which involves largest investment MedDev has ever done as a single project. Thus success of this project is of prime importance to them.
The use of structured methodologies in IT Project management is increasingly recognised as one of the fundamental drivers in reducing the likelihood of incomplete and costly IT project failures. The need for a systematic approach has been highlighted through a number of survey results on the failure of IT Projects. These results demonstrate that the significant issues associated with failed projects include the lack of; a defined project organisation, policy and procedures, implementation plans and integrated methods (Taylor 2003). It is apparent that these recognised issues can be significantly reduced through the implementation of standard project management methodologies. Lind and Culler (2013) completed research of 116 firms
Our pricing strategy and comfortable atmosphere will be the key to our success. None of the other shops in the area can offer this.
The proposal writing process is multifaceted, encompassing both the actual submission of a request for proposal as well as the management of the implementation of received funds. Through class lectures and assigned readings, we’ve discussed the various aspects that make up the process of grant writing. Through this essay, I will explain this process as it leads up the management of the project once funded. Furthermore, this essay will explain how to ensure that the proposal submitted addresses key aspects necessary for the project to be implemented in line with best practices for project management.
Project management is a challenging task with many complex responsibilities. Fortunately, there are many techniques available to assist with accomplishing the tasks and hence executing the responsibilities. Such techniques include project planning, scheduling and controlling. The elements that need to be planned, scheduled and controlled are time, cost and quality. Different methods have therefore to be used in cost planning and control systems, time planning, scheduling and controlling systems, and quality planning and control system. Organisational techniques will enable the project resources such as labour, material and plant to be ordered at the right time and when directing the resources for work it will be ideally stated. A chain of command will exist when organisational structure is in place (Oberlender, 1993). These techniques have sprung up at an ever increasing rate. When perusing any engineering or project management magazine or browsing on the internet one will be amazed by the number of software packages offering various project management techniques implemented through project management software.
The Project Management Body of Knowledge (PMBOK) is a collection of procedures and learning areas acknowledged as