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The Knowledge Academy PRINCE2® Training day course covers the following topics:
The Knowledge Academy Materials and Trainers
- The Knowledge Academy PRINCE2® course materials and trainers are accredited by BCS. ensuring that delegates receive a consistently high standard of training. The Knowledge Academy course materials are regularly assessed and maintained in line with stringent standards administered by BCS. The Knowledge Academy trainers are regularly assessed by The Knowledge Academy and BCS. to ensure that their knowledge of Project Management and PRINCE2® are strong enough to deliver training that helps delegates extract maximum benefit from attending our courses.
- The Knowledge Academy PRINCE2®courses materials are based on the 2009 edition of, “Managing Successful Projects using PRINCE2®,” and include examinations based on this manual.
The Knowledge Academy PRINCE2® Foundation and Practitioner event is designed to maximise delegates’ potential in the PRINCE2® training environment.
Following confirmation of booking The Knowledge Academy will send the Pre-Course work to the delegate. This work consists of;
- 1) Reading 3 chapters of the PRINCE2® manual, “Managing Successful Projects with PRINCE2®”
- 2) Pre-course workbook to be completed by the Delegate and handed to Trainer at the start of course.
- 3) 70 multiple choice Questions to test your PRINCE2® with detailed answers
The pre-course work on a The Knowledge Academy course will require around 15 hours of study prior to the course start date. The Knowledge Academy PRINCE2® Foundation and Practitioner training event is an intensive 5 day course that includes the PRINCE2® Foundation and Practitioner examinations within the course. Upon booking, Joining Instructions that describe the course location and other administrative details will also be emailed. In addition, delegates will be required to complete a MINIMUM of 2 hours homework each evening which will be set by the instructor.
There are no formal prerequisites for this course, however, candidates must achieve a pass at Foundation level before attempting to complete the Practitioner examination.
- A 75 question multiple choice examination with a pass mark of 35 out of 70. Success in this examination indicates that the candidate would be able to act as an informed member of a project management team using the PRINCE2 method within a project environment supporting PRINCE2. Please note that success in the Foundation examination is a prerequisite for that candidate to move forward to the Practitioner examination.
PRINCE2®: 2009 Practitioner Exam Format
- A 80 question Objective Test Examination with a pass mark of 44 out of 80 (55%). Success in this examination indicates that the candidate could apply PRINCE2® to the running and managing of a non-complex project within an environment supporting PRINCE2®. This is the top level of PRINCE2® qualification.
- The Knowledge Academy PRINCE2® Foundation and Practitioner 5 day course follows a two part structure. The first three days of the course involve familiarisation with the content of the PRINCE2® manual, preparing for the Foundation examination. Following successful completion of the Foundation examination, delegates will spend one day preparing for the PRINCE2® Practitioner examination, sitting this examination on the final day of the course.
- The Knowledge Academy PRINCE2® Foundation and Practitioner 5 day course covers the following topics:
- Principles of PRINCE2®
- Business Case Theme
- Organisation Theme
- Quality Theme
- Plans Theme
- Risk Theme
- Change Theme
- Progress Theme
- Starting up a Project Process
- Directing a Project Process
- Initiating a Project Process
- Controlling a Stage Process
- Managing Product Delivery Process
- Managing a Stage Boundary Process
- Closing a Project Process
- Tailoring PRINCE2® to the project environment
Why choose The Knowledge Academy?
- We have found a way to make your learning experience enjoyable.
- We are trusted by globally leading brands as a learning partner of choice, for example JP Morgan, HSBC and Sony.
- We provide pre and post course support so you never feel alone
- All of our training is hands on we use real world examples and bring them to life
- As a market leader, globally, we have an extremely high pass rate
- We are a global company and are recognised as a leading brand for professional education
- Over 90% of our delegates come back to us for further training
- As a trusted brand, we are renowned for our focus on education and ensuring YOU pass.
- We have the best instructors in the industry which is reflected in our position as the market leader for professional qualifications
- We provide value for money and have trained over 25,000 delegates in 2011
- You ONLY get first class treatment with The Knowledge Academy
- We have some of the most luxurious course venues worldwide
- The official Managing Successful Projects with PRINCE2® course manual
- The Knowledge Academy Courseware Book
- Pre-Course Material
- Experienced Instructor
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The PRINCE2 Business Case
PRINCE2 is the most famous project management methodology in the UK and is known for its success in all projects, of all shapes and sizes. However, many misunderstand the purpose of the Business Case within PRINCE2. During the PRINCE2 training course much of this is covered in a large amount of detail. However, below is an outline of the PRINCE2 business case and why it is so important to any project in all organisations.
The main purpose of the Business Case is to establish the mechanisms in order to be able to judge whether the project is or remains needed and achievable by the project at hand. The business case provides the overall justification for the project. When developing a project it is vital to understand how much it will cost in comparison to the returns expected. Moreover, this is also where the benefits and risks are weighed out together to ensure that there are more benefits than risks. If there is too much cost involved or too much risk then the project will not be justified and therefore there is no valid business case and thus the project does not continue.
However, if this information emerges whilst the project is in action, then the project will be stopped immediately as the business case is no longer justified. Thus, the business case is formed at the beginning of the project and updated regularly to ensure there is constantly a need for the project to be in place. It is also expected that all stakeholders provide any important information which may be relevant to the business case in order for it to be informative and useful, along with ensuring that the project meets all requirements. If this is done correctly then this will support the project and the business justification.
Thus, if you hadn’t already guessed; a business case provides the information needed to be able to establish whether a project is needed or not, or indeed whether it is still needed or not. The business case will also ensure that all objectives and requirements are being met throughout the lifecycle of the project. The business case will clarify which benefits are to be expected from the project and how the objectives are being supported by the current project.
Within the business case there is also an important framework which employs the following;
The output of the project will enable the organisation to insert any changes which are needed to create a desirable end result.
However, there is not simply one kind of business case, there are many depending on the project and its needs. The type of project can be;
- Compulsory projects
- Not for profit projects
- Evolving projects
- Multi-organisation projects
With this in mind it is important to establish what the kind of project you are doing will require and the benefits which you think will be created.
During the PRINCE2 training programme individuals will find that there is a specific PRINCE2 approach to the business case. As mentioned the business case must be established before the project begins and maintained throughout. However, during a PRINCE2 project, it is the project board that must assess the business case and tests the benefits which have been achieved. Alongside this there will be a Benefits Review Plan which will have been developed, maintained and assessed throughout the project lifecycle. This will complement the business case throughout.
Moreover, it is the executive who owns the business case on behalf of the customer. However, they may delegate any responsibility or work to a corporate analyst or a project manager. Within the project, it is the project manager who is in charge of maintaining the business case whether they are carrying out the work personally or not. They should also be taking care of any risks which could pose a potential threat to the project and/or the organisation. The project manager should also be updating the business case at the end of each management stage to ensure it is up to date.
In order to ensure that benefits are taking place and they are working effectively the following should be done;
- Benefits should be identified and quantified
- Objective measurements should be selected and measured
- A baseline measurement should be carried out
- A decision should then be made on how the benefits will be measured.
This will all be found in the Benefits Review Plan which describes;
- The scope
- Who is responsible for measuring the expected benefits
- How and when these expected benefits will occur
- The baseline measurement
- How the performance of the project will be assessed
So, to reiterate the following can be found in a PRINCE2 business case;
- Executive summary of the project
- Reasons for the project
- The business options
- Expected benefits
- Expected dis-benefits
- Timescale of the project
- Costs involved
- Investment appraisal
- Major risks which can take place
- Advice – conclusions and recommendations
This part of the PRINCE2 methodology is vital to the success of any PRINCE2 project and therefore should be given a great deal of careful consideration.