Flashcards · Project Management
PRINCE2 Foundation Flashcards
Free flashcards for PRINCE2 Foundation: flip each card to reveal the definition. Built from the PRINCE2 Foundation glossary as a study aid, these are concept checks, not real exam questions.
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All 20 terms
- PRINCE2
- A structured, process-based project management method.
- Principle
- A guiding obligation every PRINCE2 project follows.
- Theme / practice
- An aspect managed continuously (e.g., risk, quality).
- Process
- A set of activities for a part of the project lifecycle.
- Business case
- The justification for the project; must remain valid.
- Project board
- The group that directs the project.
- Project manager
- The person who manages the project day to day.
- Stage
- A management section of the project.
- Tolerance
- The permitted deviation before escalation is needed.
- Manage by exception
- Escalate only when tolerances are forecast to be exceeded.
- Product
- A deliverable or output of the project.
- Work package
- The work assigned to a team to produce products.
- PID
- Project Initiation Documentation - the project's baseline.
- Quality
- Meeting the agreed requirements of a product.
- Risk
- An uncertain event that could affect objectives.
- Issue
- A relevant event that has happened and needs handling.
- Tailoring
- Adapting PRINCE2 to the project's context.
- Highlight report
- Regular progress report to the project board.
- Exception report
- A report produced when a tolerance is forecast to be breached.
- Lessons log
- A record of lessons to learn from and apply.