Prince2 Interview Questions and Answers
Share This Post
Best Prince2 Interview Questions and Answers
Are you about to give your Prince2 interview and just looking for the resources to prepare yourself with the right Prince2 interview questions? Well, you have come to the right place! In today’s world, it is a very challenging task to get into the job that you dream of without proper planning. With an aim to prepare you with the right knowledge we have presented here a list of top Prince2 interview questions and answers. All these Prince2 interview questions and answers are best suitable for freshers and experienced and help you in clearing the Prince2 interview at the very first attempt. Prince2 is a popular and widely used project management framework and starting a career in this field will definitely help you in achieving greater career highs. At CourseJet, we also offer you the best Prince2 training and certification program and make you professional in the project management field.
Top Prince2 Interview Questions and Answers
PRINCE2 certification is one of the widely demanded and valued certifications by organizations across the globe. PRINCE2 stands for PRojects IN Controlled Environments. It is one of the widely accepted project management frameworks by organizations and comes with best practices to complete a project at the right time with the right plan and with the assigned budget. Prince2 gives you a clear road map for the journey of a project. Here we have covered the frequently asked Prince2 Interview questions and answers for freshers as well as for the experienced candidates and preparing these questions will boost your confidence levels and help you crack the Prince2 interview in the very first attempt. As the adoption rate of the Prince2 framework has gone up and the employment opportunities for the skilled Prince2 professionals have increased tremendously.
Frequently asked Prince2 Interview Questions and Answers
We have taken the experts’ opinion and undergone a good amount of research before grouping all the top Prince2 interview questions and answers here. All these frequently asked Prince2 interview questions and answers are highly helpful for the professionals like project managers, team leads, assistant project managers, project executives, software developers, and professionals who are aspiring to become project managers. This blog has been helping many professionals in clearing their Prince2 interview process with ease. We assure you that these Prince2 interview questions for freshers and experienced will surely fill your mind with the required knowledge and help you crack the interview. We have covered almost all the Prince2 questions from major areas of the Prince2 framework. Without wasting any extra time let’s get into the best Prince2 interview questions part.
Prince2 stands for PRojects in Controlled Environments. It is the most popular and widely used project management framework. Prince2 is the most popular Practitioner Certification Programme adopted widely around the world. Usually, Prince2 is mostly responsible for dividing projects into controllable and manageable stages regardless of scale & type. Prince2 is considered as one of the best process-based methods for managing various projects in both the public and private sectors. The most recent update makes Prince2 very easily tailored for every single project that you undertake.
The comparison between Prince2 and PMP are spotted below:
Prince2 | PMP |
Prince2 stands for Projects in Controlled Environments. It is a process-based methodology used mainly for managing projects effectively. Prince2 framework is used in both the public and private sectors. | PMP stands for Project Management Professional. It is considered as a gold standard of Project Management Certification. |
Prince2 is developed by the UK govt. Support agency. | PMP is accredited and developed by ISO (International Standard Organization). |
Prince2 has three different levels such as foundation level, practitioner level, and Professional level. | PMP consists of only one level. |
The Project Manager acts as a mediator between the control board and the project. | The Project Manager plays a key role in handling different projects. |
It is mostly IT-focused. | It applies to multiple industries. |
It is business-driven | It is customer requirements driven |
According to the Prince2 framework, the project is defined as a temporary system or organization that is mainly created for the purpose of delivering one or more business products. Many companies around the world undertake different projects to bring a new change in the organization. In some companies, they work on projects as on a contract basis. Projects mean a lot for the companies to bring a new change to make your business different from the usual. This provides strength for companies to survive in the market.
Basically, Prince2 is a popular project management methodology used in many countries. As of the Prince2 framework, Project Management mainly involves delegating, controlling, planning, and monitoring various aspects of the project in order to achieve the objectives of the project within the targets respective to scope, time, risk, cost, benefits, and quality. Many companies undertake projects to bring a change but they face a lot of risks implementing various activities because having a proven approach to project management methodology is considered as a valuable business investment. Project management methodology helps in managing risks effectively and also allows you to keep control over specialist work.
PRINCE2 certification is one of the valued and widely demanded certifications by organizations across the globe. This certification programme is best suited for project management professionals. Prince2 (Project Management methodology) certification has three levels and they are a professional, practitioner, and foundation. Prince2 certification course will help you gain expertise in various project management methodologies and concepts. Having Prince2 Certification adds value to your career and makes you reach your goals. Prince2 is considered as one of the popular process-based methods for managing different projects in both the public and private sectors.
Agile Project Management Methodology iterative and incremental approach developed to manage software development projects that mainly focus on customer feedback and continuous releases with every single iteration. Software team’s who incorporate various agile project management methodologies will expand collaboration, increase development speed, and faster respond to market trends.
Advantages of Agile Project Management:
- Shortest delivery cycles
- Enhanced Business Alignments
- Worthy project cost
- More focus on business value
Prince2 stands for Projects in Controlled Environments. Prince2 structure mainly comprises of seven principles, seven themes, a set of processes, and finally the concept of tailoring. Prince2 principles are the guidelines that one must follow while executing the Prince2 project. Whereas the Prince2 themes are the aspects that must be applied throughout the Prince2 project. There are different processes involved in the Prince2 project lifecycle. In the end, you need to perform tailoring on Prince2 to the project. Prince2 processes are considered as the actual steps in managing and running a Prince2 project.
Prince2 Process Model provides a complete view of all the seven processes involved in the Prince2 project. It is a process-based method used for the effective management of projects. Prince2 framework is used in both the public and private sectors. Usually, Prince2 is probably responsible for segregating projects into controllable and manageable stages regardless of type & scale. Every project needs to perform various activities in order to deliver it on time and manage all the resources. The Prince2 process model represents 7 processes and they are as follows:
- Directing a Project (DP)
- Starting up a Project (SU)
- Managing Product Delivery (MP)
- Initiating a Project (IP)
- Managing Stage Boundaries (SB)
- Controlling Stage (CS)
- Closing a Project (CP)
The key features of Prince2 are as follows:
- Prince2 provides a well-defined organization structure for the whole project team.
- Introduces flexibility option at the appropriate level in the Prince2 project.
- Prince2 mainly focuses on business justification
- Provides lots of significance on dividing the project into different stages of control and management.
The advantages of using Prince2 are listed below:
- Allows you to manage projects flexibly
- Customer’s interest matters a lot while executing Prince2 projects
- Delivers Reliability
- Common language and vocabulary
- Accurately delivers what exactly the business needs.
- Prince2 is adaptable and scalable
- Built for uncertainty
- Prince2 is widely recognized
- Prince2 can be applied to any type of project irrespective of type & scale.
Looking for Best Prince2 Hands-On Training?
Get Prince2 Practical Assignments and Real time projects
The Seven Principles of Prince2 are explained below:
- Roles and Responsibilities: Every Prince2 project has agreed and defined roles and responsibilities within the given organizational structure to engage supplier stakeholders, users, and business interests. Each project needs an explicit project management team structure containing agreed and defined roles and responsibilities for the users involved in the project.
- Business Justification: Business Justification is very important to be considered while undertaking any project. Investments must be justified. The business justification that we consider at the start of the project must be valid throughout the life of the project. This justification must be documented in a proper file format for future reference and it should also be approved by the project manager.
- Learn from Experience: Learning from past projects is beneficial because you can improve your knowledge and also get benefits for the entire project team. When you start a new project one must go through previous projects to get an idea or is there any similarity.
- Manage by exceptions: Every Prince2 project has defined tolerances in order to establish limits of delegated authority.
- Manage by stages: The Prince2 project is monitored, planned, and controlled on the basis of stages only. Dividing the project work into different logical stages also helps in better management of work among the team members and these stages are called management stages.
- Focus on the product: The Prince2 project mainly focuses on product delivery.
- Tailoring to suit the project environment: Prince2 framework is tailored to suit a project’s size, capability, environment, risk, etc.
The seven Prince2 Processes are listed below:
- Directing a Project (DP): The process of directing a project begins from the start of the project and remains until the closing of a project.
- Initiating a Project (IP): Project initiation involves full-fledged planning and the final output of this process is a designed project initiation document.
- Starting up a Project (SU): This is considered as a basic step or key in Prince2. In this process, you need to check the complete project whether it is worthy or not.
- Managing Product Delivery (MP): In this process, you will learn how to manage the product delivery operations in a well-defined manner.
- Managing Stage Boundaries (SB): In this process, the stage boundaries are provided by the project board to check the project whether it can be continued or not.
- Controlling a Stage (CS): This Prince2 process will control and monitor all the activities of the Project Manager.
- Closing a Project (CP): This Prince2 process will provide information about which steps should be taken at the end of a project.
Prince2 Themes also plays a key role in executing the Prince2 projects within the targeted time. Themes provide insights about how to manage projects. There are seven Prince2 themes and they are as follows:
- Plans: To execute a Prince2 project one must have a clear plan and also must focus on benefits, cost, quality, products, etc.
- Business Case: This Prince2 Theme provides information about whether a Prince2 project is achievable and worthwhile.
- Progress: This theme provides tracking information on the Prince2 project.
- Quality: Quality is the vital thing that must be defined in the beginning of the project itself.
- Organization: Every individual needs to have their roles and responsibilities on record.
- Change: This Prince2 theme mainly handles issues and change requests that occur while executing the project.
- Risk: This Theme is mainly used to identify the threats or uncertain conditions during the project execution.
In the Prince2 framework, the Tailoring refers to the process of adopting a process or a method in order to suit the particular condition in which it is used. In another way Tailoring also refers to the proper use of Prince2 on any project environment.
There are a total of seven Prince2 themes and they are listed below:
- Risk
- Organization
- Quality
- Business case
- Change
- Progress
- Plans
The Project Manager plays a key role in executing the Prince2 projects. He is responsible for planning all the sequence of activities and other works. The Project Manager needs to monitor the work progress and check whether it is matching with the original plan or not. The role of the Manager is to provide the right information at the right time for the right person to make opt decisions about the project.
According to the Prince2 framework, the Project Manager needs to have control over these six aspects of the project performance, and they are as follows:
- Quality
- Benefits
- Scope
- Cost
- Risk
- Timescales
As of Prince2, the term Plan is defined as a document that provides a complete overview about when, how, and by whom the targets need to be achieved. The plan is a basic and core requirement needed to execute any Prince2 project.
In Prince2, there are three different levels of plans, and they are:
- Team Plan:
- Stage Plan
- Project Plan
Progress Controls in Prince2 plays a vital role in managing projects in an effective manner consistent with risks and complexities.
Prince2 provides two different types of Progress Controls, and they are listed below:
- Time-Driven Controls
- Event-Driven Controls
The process of directing a project begins from the start of the project and remains until the closing of a project. The main objective of Directing a project is a process that will enable the project board to be responsible for the project’s success.
Become Prince2 Certified Expert in 35 Hours
Get Prince2 Practical Assignments and Real time projects
According to the Prince2 perspective, the Product delivery process’s main aim is to check the delivery operations of the product. In Prince2 managing the product delivery process means controlling the link between Team Manager and Project Manager. It is the responsibility of the project manager to monitor the delivery of the project work on time.
Managing of Product Delivery Process can be carried out without using the Prince2 framework.
The main function of the Risk Register is to identify the risks and collect all the information related to various opportunities and threats and then at the end relate them to the project.
The characteristics of Prince2 are spotted below:
- Measurable and defined business products
- A well-defined lifecycle
- Availability of set of activities to achieve business products
- Availability of specified resources
- Organized structure to manage Prince2 projects
The project Product Description document is the document that looks after the acceptance criteria and project roles. This document is created at the time of the beginning of a project process and used while using a project process to ensure and check that the project has reached the expectations.
Following are the steps associated with planning:
- Plan designing
- Defining the products
- Determining the dependencies and activities
- Estimating
- Schedule preparation
- Plan documentation
- Risk Identification
Following are the various types of risk strategies:
- Risk Appetite
- Risk tolerance
- Avoid, Seek, Neutral
- Ongoing Activity
Following are the five different types of projects:
- Compulsory
- External project
- Not for profit
- Multi organization project
- Evolving Requirements
At Managing a Stage Boundary process the request to make the next stage plan is made.
Managing Product Delivery is the process that allows non-PRINCE2 practices integration into a project environment while creating products.
Become a master in Prince2 Course
Get Prince2 Practical Assignments and Real time projects
Project Support is the role that takes the responsibility for product Status Account.
The executive role is for drafting the Business Case outline.
The request to deliver a project is triggered by Initiating a Project.
The Project Board takes the responsibility to communicate with stakeholders.
The Checkpoint Report is produced while Managing a Product Delivery process.
Quality Register is maintained by the Project support role.
Following are the activities in the CP process:
- Prepare premature closure
- Prepare planned closure
- Delver products
- Analyze projects
- Recommend project closure
- End of stage report
- Business case
- Issue Log
- Project plan
- Risk management plan
- Work package
The activities are :
- Authorize a stage
- Authorize project closure
- Give ad – hoc support
- Authorize Initiation
- Give ad – hoc support
- Authorize the project
Looking for Prince2 Hands-On Training?
Get Prince2 Practical Assignments and Real time projects
Our Recent Blogs
Related Searches
