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PRINCE2® 2009 - Managing a Stage Boundary part 3

Objective

Managing a Stage Boundary objective smallManaging a Stage Boundary objective

The Managing a Stage Boundary process is predicated on dividing the project into management stages (see the section covering ‘Progress’).


A project, whether large or small, needs to ensure that the products it creates will deliver the benefits being sought, either in their own right or as part of a larger programme.
The continuing correct focus of the project should be confirmed at the end of each stage.
If necessary, the project can be redirected or stopped to avoid wasting time and money.

It is also important to recognize that projects can go wrong or can be affected by external factors that invalidate the business justification.
An early identifier of potential failure is the Project Manager’s forecast that any of the project or stage tolerances are likely to be exceeded.
In such cases it is important to have a mechanism for corrective action in order to bring the project back into the right direction.

A positive decision not to proceed is not failure.
However, providing insufficient information that prevents the Project Board from making an informed decision is itself a failure as it may lead to a wrong decision.

The Managing a Stage Boundary process provides a means by which an exception process can be implemented.

PRINCE2® is a Registered Trade Mark of the Office of Government Commerce in the United Kingdom and other countries.

This product contains EVERYTHING in the publications:

Managing Successful Projects with PRINCE2 - 2005 edition
Managing successful Projects with PRINCE2 – 2009 edition
Directing Projects with PRINCE2.
plus:
The Complete Project Management package.

And much more besides - at a fantastic price.