PRINCE2-7-Foundation

The PRINCE2® Foundation Exam focuses on understanding the PRINCE2 method and its application in a project environment . It assesses your knowledge of the underlying principles, processes, and terminology within the PRINCE2 framework.

Here are the main points covered in the PRINCE2 Foundation Exam:

1. Principles of Project Management:

• The seven principles of PRINCE2:
  • Continued Business Justification: A project must have defined benefits and remain viable throughout its lifecycle.
  • Learn from Experience: Every project should learn from previous projects and adopt best practices.
  • Defined Roles and Responsibilities: Clear roles and responsibilities must be established for all stakeholders.
  • Manage by Stages: Projects are broken down into manageable stages, each with its own defined outputs.
  • Manage by Exception: Projects focus on managing deviations from the plan, allowing management to concentrate on issues requiring their attention.
  • Focus on Products: The focus of the project is on delivering the agreed-upon products.
  • Tailoring: The PRINCE2 method needs to be tailored to suit the specific needs of the project.

2. PRINCE2 Structure:

• Project Structure: The PRINCE2 framework is organized around seven project management processes.
• Project Environment: The context in which the project operates, including the organizational structure, stakeholder expectations, and external factors.
• The Project Board: The Project Board is responsible for authorizing the project and providing overall direction and control.
• The Project Manager: The Project Manager leads the project team and is responsible for delivering the project to the Project Board's expectations.

3. PRINCE2 Processes:

• Starting Up a Project: Defines the project's objectives, establishes the Project Board, and appoints the Project Manager.
• Directing a Project: Provides overall management direction and control, including approving the project plan, authorizing stage plans, and managing risks and issues.
• Initiating a Project: Develops the project brief, establishes the project environment, and produces the Project Initiation Documentation (PID).
• Managing a Stage: Manages the execution of the project within a defined stage.
• Controlling a Stage: Monitors and controls the progress of the stage, identifies deviations from the plan, and takes corrective action as needed.
• Managing Product Delivery: Plans, manages, and monitors the delivery of products.
• Closing a Project: Formally concludes the project, evaluates the project's success, and captures lessons learned.

4. Key Documents:

• Project Brief
• Project Initiation Documentation (PID)
• Stage Plan
• Risk Register
• Issue Register
• Daily Log

5. Roles and Responsibilities:

• Understand the roles and responsibilities of the key stakeholders involved in a project.
• These include Project Board members, Project Manager, Project Support, and team members.

6. PRINCE2 Terminology:

• Be familiar with the common terminology used in PRINCE2.
• This includes terms like "products," "stages," "exceptions," "tolerance," and "management by exception."

7. Tailoring PRINCE2:

• Understand the importance of tailoring PRINCE2 to the specific needs of the project.
• This includes identifying the relevant processes and documentation for the project and adapting them to fit the context.

Note: The PRINCE2 Foundation Exam is a multiple-choice exam that assesses your understanding of the principles, processes, and terminology of the PRINCE2 framework. The exam is not designed to test your practical experience in applying the method but to demonstrate your comprehension of its underlying principles.