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PRINCE2 Principles - overview

PRINCE2 Principles

In any method there are underpinning principles which ensure the method is effective, even if it is tailored. PRINCE2® Principles are based on experience from projects over many years. The principles are distinguishing between a PINO (PRINCE In Name Only) project and a real PRINCE2® project. If these principles are present in a project then it can be tailored and still be a PRINCE2® project. Principles can not be tailored.

The following apply to all principles of a PRINCE2® project:

  • Universal - apply to every projects
  • Self-validating – proven in practice over a period of years
  • Empowering - Practitioners to shape project (self confidence)
Principles allow the project not to be prescriptive or template driven, but to adapt to the unique project being undertaken. With these principles a project could be successfully managed without PRINCE2® terminology or formal documents.
 
The seven principles are: 
  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 

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