Prince2 Foundation Tutorial | Prince2 Plans Theme

• published: 18 Sep 2015
• views: 7

http://www.simplilearn.com/project-management/prince2-foundation-and-practitioner-certification-training?utm_campaign=Prince2-Plans-theme-KIXaIC8scpU&utm;_medium=SC&utm;_source=youtube Plans Theme Introduction: Hello and welcome to PRINCE2 Foundation Certification Course offered by Simplilearn. This lesson is about Plans, which is one of the seven themes of PRINCE2 methodology. This theme is based on the principle “Focus on Products”. Planning is important to ensure the success of the project. Purpose of Plans Theme: The purpose of the Plans theme is to facilitate communication and control by defining the means of delivering the products. The Plans theme provides a framework to design, develop and maintain the project’s plan. The Plans are also baselined to measure progress against it. Effective project management relies on effective planning. Without a plan there is no control. The targets of Plan are: time, cost, quality, scope, risk and benefits. Planning provides all personnel involved in the project with information on: What is required; How it will be achieved and by whom, what specialist equipment and resources will be used; When events will occur and Whether the targets for time, cost, quality, scope, risk and benefits are achievable. In the next screen we will look at the key definitions associated with plan. Plans Terms—Definitions: A PRINCE2 plan is a document describing how, when and by whom a specific target or set of targets is to be achieved. These targets will include the project’s products, timeframes, costs, quality and benefits. A Plan is the backbone of the management information system required for any project. It is important that plans are kept in line with the Business Case at all times. A plan requires the approval and commitments of the relevant levels of the project management team. Planning is the process of making and maintaining a plan and it is crucial, regardless of the type or size of the project. Without effective planning, the result of complex projects cannot be predicted in terms of scope quality, risk, timescale, cost and benefits. It is, therefore, essential to allocate sufficient time for the Planning stage. PRINCE2 requires a product-based approach to planning. Levels of Plan: PRINCE2 suggests that there should be different plans at different levels for effective project management. Project plan is created during ‘initiating a project’ process. Plans must be produced at different levels of scope and detail. The period of time for which it is possible to accurately plan is known as the planning horizon. Due to this, it is seldom desirable, or possible, to plan an entire project in detail at the start. Initiation stage plan is created during the ‘starting up a project’ process. PRINCE2 recommends three levels of plan to reflect the needs of the different levels of management involved in the project, stage and team. Team plans are created during the managing product delivery process. Project Plan The Project Plan provides a statement of how and when a project’s time, cost, scope and quality performance targets are to be achieved, by showing the major products, activities and resources required for the project.A Project Plan includes Costs, Efforts, Timelines, Quality milestones and Baselines to monitor project progress. The Project Plan is created by the Initiating a Project process and lists the management stages. The Project Plan is used by the project board as baseline to monitor project progress stage by stage. It is prepared in sync with the corporate or programme management plan. Stage Plan: The Stage Plan is similar to the Project Plan in content, but each element is broken down to the level of detail required to be an adequate basis for day-to-day control by the Project Manager. A Stage Plan is required for each management stage. The Stage Plan is based on the project plan, however it exists for a shorter duration than the project plan. This plan depends on the performance of previous management stages and is created for the next management stage and at the near end of the current one. The initiation Stage Plan is created by the “Starting Up a Project” process and each subsequent Stage Plan is created by the “Managing a Stage Boundary” process. Team Plans are created by the “Managing Product Delivery” process. Watch full video for more information For more updates on courses and tips follow us on: - Facebook : https://www.facebook.com/Simplilearn - Twitter: https://twitter.com/simplilearn Get the android app: http://bit.ly/1WlVo4u Get the iOS app: http://apple.co/1HIO5J0