PRINCE2 Practices I: Business Case, Organizing and Plans
An independent, in-depth study of three PRINCE2 7 practices: how practices fit with the principles and processes, developing a business case with genuine options, investment appraisal with net present value, benefit-cost ratio, payback and sensitivity using OMB Circular A-94 discount rates, benefits management with owners, measures and baselines, the project management team and its layers, role combinations, delegation and change authority, plan levels, planning steps and estimating, product breakdown structures and product descriptions, product flow diagrams, critical path schedules, stages, tolerances and exception plans, exam scenario technique, and a capstone library modernization case.
PRIN-130 12 lessons · 5 h 20 min
Offered by HSM University · PRINCE2 Prep
This is the American version of this course. See the Canadian version.
What you'll learn
- Explain how PRINCE2 practices work alongside the principles and processes and how they are tailored
- Develop an outline and detailed business case that compares genuine options, including do nothing and do minimum
- Appraise options using net present value, benefit-cost ratio, payback and sensitivity analysis, and interpret the results
- Define benefits and dis-benefits with owners, measures, baselines and targets, and plan their review in a benefits management approach
- Design a project management team that represents business, user and supplier interests across the management layers
- Apply role combination rules, keep assurance independent and set limits for change authority and delegation
- Distinguish project, stage, team and exception plans and apply the planning steps and estimating techniques
- Build product breakdown structures and write product descriptions with measurable quality criteria
- Draw product flow diagrams, identify dependencies and calculate schedules, float and the critical path
- Use stages, tolerances and exception plans to connect planning with control
- Apply a systematic reasoning method to business case, organizing and plans questions in exam-style scenarios
- Combine the three practices on a complete case, letting findings in one practice update the others
Course content
12 lessons · 5 h 20 min total · final exam
- 1 How PRINCE2 practices work 26 min · quiz
- 2 The business case practice I: purpose, development and options 27 min · quiz
- 3 The business case practice II: investment appraisal 28 min · quiz
- 4 Benefits management 25 min · quiz
- 5 The organizing practice I: the project management team 26 min · quiz
- 6 The organizing practice II: role combinations, delegation and change authority 25 min · quiz
- 7 The plans practice I: plan levels, planning steps and estimating 26 min · quiz
- 8 Product-based planning I: product breakdown structures and product descriptions 26 min · quiz
- 9 Product-based planning II: product flow diagrams, dependencies and schedules 26 min · quiz
- 10 Tolerances, stages and exception plans in planning 30 min · quiz
- 11 Business case, organizing and plans in exam scenarios 32 min · quiz
- 12 Capstone: building the business case, team and plans for a project 23 min · quiz
- E Final exam 20 questions
Requirements
Recommended background. You can start any course at any time.
Description
An independent, in-depth study of three PRINCE2 7 practices: how practices fit with the principles and processes, developing a business case with genuine options, investment appraisal with net present value, benefit-cost ratio, payback and sensitivity using OMB Circular A-94 discount rates, benefits management with owners, measures and baselines, the project management team and its layers, role combinations, delegation and change authority, plan levels, planning steps and estimating, product breakdown structures and product descriptions, product flow diagrams, critical path schedules, stages, tolerances and exception plans, exam scenario technique, and a capstone library modernization case.