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PRINCE 2 FREQUENTLY ASKED QUESTIONS

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What is PRINCE2?

PRINCE2 is a project management methodology that provides a structured approach
to managing projects. It is widely used in the UK and many other countries, and
is designed to be adaptable to any type of project.
What are the benefits of learning PRINCE2?

Learning PRINCE2 can provide many benefits, including improving your project
management skills, increasing your employability, and improving your career
prospects. PRINCE2 is a widely recognised methodology, so having a certification
in PRINCE2 can demonstrate your knowledge and skills to potential employers.
Is PRINCE2 difficult to learn?

PRINCE2 is a comprehensive project management methodology, but it is designed to
be easy to learn and understand. The methodology is structured and logical, so
once you understand the principles and concepts, you should be able to apply
them to any type of project.
Is PRINCE2 only applicable to certain industries?

No, PRINCE2 can be applied to any industry and any type of project. The
methodology is adaptable and flexible, so it can be used for projects of any
size or complexity.
What are the prerequisites for learning PRINCE2?

There are no specific prerequisites for learning PRINCE2, but some knowledge of
project management would be helpful. It can also be useful to have some
experience working on projects or in a project management role.
Can PRINCE2 be learned online?

Yes, there are many online courses and resources available for learning PRINCE2.
Online courses can be a convenient and flexible way to learn the methodology,
and many courses offer interactive features to help you practice applying the
principles to real-world scenarios.
How long does it take to learn PRINCE2?

The amount of time it takes to learn PRINCE2 depends on the individual and the
learning method, but most courses take between 2-5 days. Some courses may be
longer or shorter, and some individuals may prefer to learn at their own pace
through self-study or online resources.
Is PRINCE2 certification required to use the methodology?

No, PRINCE2 certification is not required to use the methodology, but it is
highly recommended for those who want to demonstrate their knowledge and skills.
Certification can also be useful for career advancement and can help to
demonstrate your competence in project management.
What are the levels of PRINCE2 certification?

The levels of PRINCE2 certification include Foundation, Practitioner, and
Professional. The Foundation level is the entry-level certification, and it
provides a basic understanding of the methodology. The Practitioner level is the
intermediate level, and it focuses on applying the methodology to real-world
scenarios. The Professional level is the highest level of certification, and it
requires significant experience and knowledge in project management.
What is the format of the PRINCE2 Foundation exam?

The PRINCE2 Foundation exam is a multiple-choice exam that consists of 60
questions. The exam is closed-book, which means you cannot refer to any
materials during the exam. The passing score for the exam is 55%.
What is the format of the PRINCE2 Practitioner exam?

The PRINCE2 Practitioner exam is an open-book exam that consists of 68
questions. The exam is based on a scenario, and you will be required to apply
the methodology to the scenario. The passing score for the exam is 55%.
What is the difference between PRINCE2 and Agile project management?

PRINCE2 is a structured methodology that focuses on planning, control, and
governance. Agile project management is a flexible methodology that focuses on
delivering value quickly and adapting to changing requirements. Both
methodologies have their strengths and weaknesses, and can be used for different
types of projects depending on the requirements and constraints.
Is PRINCE2 suitable for small projects?

PRINCE2 can be adapted for projects of any size, including small projects. The
methodology provides a structured approach to managing projects, which can help
to ensure that even small projects are delivered on time, within budget, and to
the required quality standards.
How does PRINCE2 differ from other project management methodologies?

PRINCE2 differs from other project management methodologies in its focus on
control, governance, and risk management. The methodology provides a structured
approach to project management that is designed to ensure that projects are
delivered on time, within budget, and to the required quality standards.
Can PRINCE2 be used for software development projects?

Yes, PRINCE2 can be used for software development projects. The methodology is
adaptable and flexible, so it can be used for projects of any type or
complexity.
What is the role of the project manager in PRINCE2?

The project manager is responsible for managing the project and ensuring that it
is delivered on time, within budget, and to the required quality standards. The
project manager is also responsible for communicating with stakeholders,
managing risks and issues, and ensuring that the project aligns with the
business objectives.
What is the role of the project board in PRINCE2?

The project board is responsible for providing overall direction and oversight
of the project. The project board is made up of senior stakeholders, including
the executive sponsor, the senior user, and the senior supplier. The project
board is responsible for making key decisions, providing guidance and support to
the project manager, and ensuring that the project remains aligned with the
business objectives.
What is the role of the project team in PRINCE2?

The project team is responsible for carrying out the work of the project. The
project team is made up of individuals with specific skills and expertise, and
they are responsible for delivering the project products on time, within budget,
and to the required quality standards.
What is the role of the project assurance in PRINCE2?

The project assurance role is responsible for ensuring that the project is being
managed effectively and that it remains aligned with the business objectives.
The project assurance role is separate from the project management team, and
they provide independent assurance and advice to the project board.
What is the role of the change authority in PRINCE2?

The change authority role is responsible for approving or rejecting changes to
the project. The change authority is typically made up of senior stakeholders,
and they are responsible for ensuring that changes to the project align with the
business objectives and do not have a negative impact on the project.
What are the key principles of PRINCE2?

The key principles of PRINCE2 include continued business justification, learn
from experience, defined roles and responsibilities, manage by stages, manage by
exception, focus on products, and tailor to suit the project environment.
What are the key themes of PRINCE2?

The key themes of PRINCE2 include business case, organisation, quality, plans,
risk, change, and progress. These themes provide a framework for managing the
project and ensure that key aspects of the project are addressed throughout the
project lifecycle.
What are the key processes of PRINCE2?

The key processes of PRINCE2 include starting up a project, initiating a
project, directing a project, controlling a stage, managing product delivery,
managing stage boundaries, and closing a project. These processes provide a
structured approach to managing the project and ensure that key activities are
completed at the appropriate time.
How does PRINCE2 handle risk management?

PRINCE2 includes a risk management theme, which provides a structured approach
to identifying, assessing, and managing risks throughout the project lifecycle.
The methodology includes specific processes and techniques for managing risk,
including the creation of a risk management strategy, risk identification, risk
analysis and assessment, risk response planning, and ongoing risk monitoring and
review.
Can PRINCE2 be used for agile projects?

Yes, PRINCE2 can be adapted for use with agile projects. PRINCE2 Agile is a
specific variant of the methodology that combines the structured approach of
PRINCE2 with the flexibility and iterative approach of agile. The PRINCE2 Agile
framework provides guidance on how to tailor PRINCE2 to suit an agile
environment, and includes specific techniques for agile project management.
How does PRINCE2 handle project documentation?

PRINCE2 places a strong emphasis on project documentation, as it is seen as a
key aspect of ensuring that everyone involved in the project understands the
project goals, scope, and requirements. The methodology includes specific
templates and guidance for key project documents, such as the business case,
project plan, risk register, and project progress reports.
How does PRINCE2 handle project governance?

PRINCE2 includes a strong focus on project governance, which involves setting up
a framework of roles, responsibilities, and decision-making processes to ensure
that the project remains aligned with the business objectives and that risks are
managed effectively. The project board is responsible for providing overall
governance of the project, and the project manager is responsible for
implementing the governance framework and ensuring that it is followed.
How does PRINCE2 handle project communication?

PRINCE2 places a strong emphasis on project communication, as effective
communication is seen as critical to ensuring that everyone involved in the
project understands the project goals, scope, and requirements. The methodology
includes specific guidance on project communication, including the development
of a communication management strategy and the use of regular progress reports
and other communication channels to keep stakeholders informed.
How does PRINCE2 handle project quality?

PRINCE2 includes a specific quality theme, which focuses on ensuring that
project products meet the required quality standards. The methodology includes
specific techniques for quality management, including the creation of a quality
management strategy, quality planning, quality control, and quality review.
How does PRINCE2 handle project closure?

PRINCE2 includes a specific process for closing the project, which involves a
review of the project outcomes, the creation of a final project report, and the
handover of project products to the customer or end user. The project closure
process is designed to ensure that the project is formally closed and that any
lessons learned are captured for use in future projects.


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