A process is a structured set of activities to accomplish a specific task. Prince2 is a process based methodology with a set of processes to direct, manage and deliver a project efficiently and successfully. There are 40 separate activities within the PRINCE2 2009 process. Each process has one or more defined inputs; and the outputs are a set of management products either created or updated. Prince2 proposes the below SEVEN processes:
- Starting Up a Project (SU) - The purpose of this process is to ensure that the pre-requisites for initiating a project are in place
- Directing a project (DP) - Enables the project board to be accountable for the overall control and success of the project by taking key decisions and by delegating the day-to-day project management to the project manager.
- Initiating a Project (IP) - The purpose of this process is to establish solid foundations to know what work need to be done to deliver project’s products
- Controlling a Stage (CS) - To assign the work, monitor such work, deal with issues, report progress to project board and take corrective actions to ensure the stage remains in tolerance.
- Managing Product delivery (MP) - To control the link between project manager and Team manager with respect to accept, execute and deliver the project work.
- Managing a Stage boundary (SB) - Enables Project board to review the success of the current stage (based on the information provided by the project manager) and to approve the next stage as per the updated project plan
- Closing a Project (CP) - To provide a fixed point at which the project’s products have been accepted and confirmed