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Project Management & Agile · Foundational

PRINCE2 Principles

The seven universal PRINCE2 principles, from continued business justification to tailoring, that must all be applied in a PRINCE2 project.

Definition

The principles are: ensure continued business justification; learn from experience; define roles, responsibilities and relationships; manage by stages; manage by exception; focus on products; and tailor to suit the project. All seven must be applied for a project to be considered a PRINCE2 project; they are universal and self-validating.

Example

Closing a project early when the business case is no longer viable applies continued business justification.

Exam tip

A project is not PRINCE2 unless all seven principles are applied.

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