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 What is a project in Prince2 | PM Tools - PM Tools

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What is a project in Prince2

PRINCE2 defines project as a temporary business organization which is created to produce one or more business products which has a justified business case.

Few important points you have to notice.

  1. Temporary – It means that projects should have a definite start and end dates to it. It can be lengthy but defined start and end date.
  2. Organization – It means that projects are delivered by cross-functional teams, and it is not a one man show.
  3. Business products – These are the deliverables of the project which the business use for their purpose. It should meet the business objective and it should get delivered within defined time/cost/quality parameters
  4. Justified business case – Many projects are delivered by organizations for the sake of doing something, but instead it should be justified by a strong business case and it should be valid thru out the project life cycle. Business case should also have been approved by stakeholders.

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