PRINCE2 6 principle - Manage by stages
Universal Practical Simple Benefit focused Principles Implement Templates Ready apps for Jira
This PRINCE2 principle is comming from FORTUNE 500 companies best practices "how to get maximum profit from each idea". This practice says that company managers should take intermediate decisions during IDEA>PROFIT lifecycle if highest possible profit is true expected outcome.
This principle states - each project must be planned, managed and controled using stages where at the end of each stage decision must be taken and limited authority should be delegated only for approved stage to Project manager. Decisions between stages must be taken by Project steering comittee where chairman must be single person - Project owner/executive. It is highly recommended to plan, manage and control project and it's stages using these 6 KPI - scope, time, cost, quality, risk, benefit.Other PRINCE2 principles:
- 1 Principle - Continued business justification
- 2 Principle - Roles & responsabilities
- 3 Principle - Focus to product
- 4 Principle - Learning organization
- 5 Principle - Manage by exception
- 7 Principle - Tailor to suit project
Recommended solutions for Jira cloud:
- Advanced T Risk Manager🔺 (that is based on PRINCE2 practices) Video here & DOWNLOAD here
- Free T Risk lite app
- Free T Progress lite app