PRINCE2, which stands for “Projects IN Controlled Environments,” is a project management method used globally. It offers a structured way to handle projects and is known for its ability to adapt to various project situations. The PRINCE2 Practitioner certification checks if a project manager knows PRINCE2 well enough to use it effectively in real projects.
Getting ready for the PRINCE2 Practitioner exam can be overwhelming with lots to remember. That’s where a cheat sheet can be helpful. It’s a short, easy-to-read summary of important ideas and terms that can quickly jog your memory and make you feel more confident before the test.
In this blog, we will provide you with a comprehensive PRINCE2 Practitioner cheat sheet that covers all the essential information you need to know to pass the exam. We will break down the key PRINCE2 concepts, including the seven principles, seven themes, and seven processes, and provide you with tips and tricks to help you memorize and understand them. By the end of this blog, you will have a handy cheat sheet that will give you the knowledge and confidence you need to pass the PRINCE2 Practitioner exam with flying colors!
About the PRINCE2 Practitioner Exam:
PRINCE2, which stands for “Projects IN Controlled Environments,” is a structured approach to managing projects effectively. It provides a set of principles, themes, and processes that can be applied to various types of projects. PRINCE2 is widely used in different industries because it offers a generic and successful way to achieve project goals. It’s a valuable method for candidates looking to excel in project management, as it provides a solid foundation for project success.
Glossary of PRINCE2 Practitioner Terminology
Here are some key PRINCE2 Practitioner Terminology and their definitions:
- Project: A temporary endeavor that is carried out to create a unique product, service or result.
- Business Case: A document that outlines the reasons, benefits, costs, and risks associated with a project.
- Stakeholder: Anyone who has an interest in the project, or who may be affected by it.
- Project Board: The group of people responsible for the overall direction, management, and control of the project.
- Project Manager: The person responsible for leading and managing the project.
- Product: A tangible or intangible item produced as part of the project.
- Product Description: A document that defines the characteristics and quality requirements of a product.
- Quality: How well a product or service matches what the customer needs and wants.
- Risk: A possible event or situation that might happen and could impact the project’s goals.
- Change Control: A process that ensures that any changes to the project are properly assessed, authorized, and implemented.
- Configuration Item: A component of the project that is identified, controlled, and maintained throughout its life.
- Issue: A concern or problem that needs to be addressed in order to keep the project on track.
- Work Package: A set of activities that are grouped together and assigned to a team or individual.
- Progress Report: A document that summarizes the current status of the project, including progress against the plan, issues, and risks.
- Lessons Learned Report: A document that captures the knowledge and experience gained during the project and identifies opportunities for improvement in future projects.
These are just some of the key terms used in PRINCE2 Practitioner. Getting to know these words will make it easier for you to grasp the ideas and rules of the methodology.
Exam preparation resources for PRINCE2 Practitioner Exam
There are several resources available to prepare for the PRINCE2 Practitioner Exam, including study guides, sample exams, and training courses. Here are some of the most popular ones:
- PRINCE2 Official Manual: The official book called “Managing Successful Projects with PRINCE2” is the main guide for PRINCE2 and contains all the details about how it works. It’s a good idea to carefully read this book before your exam.
- PRINCE2 Practitioner Exam Sample Papers: These practice papers are useful for getting used to the test style and getting ready for the real exam. You can locate these sample papers on the official PRINCE2 website.
- PRINCE2 Practitioner Online Training: There are several online training courses available that provide comprehensive coverage of the PRINCE2 methodology. These courses include videos, interactive quizzes, and practice exams. Some popular training providers include Axelos, Simplilearn, and Grey Campus.
- PRINCE2 Practitioner Exam Simulator: An exam simulator helps you to simulate the actual exam conditions and allows you to practice under time pressure. Some popular exam simulators include the PRINCE2 Practitioner Exam Simulator by Master of Project Academy and the PRINCE2 Practitioner Exam Simulator by Examize.
PRINCE2 Practitioner Cheat Sheet
This cheat sheet is designed to help you understand the PRINCE2 Practitioner exam better. Be sure to use these resources to your advantage when working on projects.
Understanding the term Project Management
Let’s begin at the very beginning to understand the term Project Management.
Top Terminologies
Terminology is very important when it comes to the PRINCE2 exam. So, we’re giving you a list of key terms that you should memorize.
SIX Aspects of Project Performance
These are the most important factors to consider when understanding how to control project performance.
PRINCE2 and Delivery Approaches
The project approach is how the project’s work will be done and completed.
PRINCE2 Principles
When using PRINCE2, these seven principles should be applied while managing a project.
Tailoring a Project
In project management, tailoring is the act of thoroughly embracing the project’s process, related inputs, and outputs in order to manage the subset of processes to be included in the project’s management strategy.
PRINCE2 Themes
As the project advances through its lifecycle, the themes explain aspects of project management that must be addressed on a regular basis.
The MOSCOW Technique
MoSCoW can help prioritize things in various situations.
PRINCE2 Processes
A process is a planned series of steps designed to achieve a particular goal.
Product Description
There are three types of management product. These are as follows-
Baselines
- First of all, the Benefits Management Approach
- Secondly, Business Case
- Subsequently, Change Control Approach
- Also, Communication Management
- Approach
- Not to mention, Plan
- Further, Product Description
- Additionally, Project Brief
- Project Initiation
- Documentation
- Moreover, Project Product Description
- Quality Management Approach
- Risk Management Approach
- Work Package
Records
- To begin with, Configuration Item Record
- Secondly, Daily Log
- Issue Register
- Next, Quality Register
- Risk Register
- Nonetheless, Lessons Log
Reports
- Firstly, Checkpoint Report
- Secondly, End Project Report
- Subsequently, End-Stage Report
- Also, Issue Report
- Further, Lessons Report
- Next, Exception Report Product Status Account
- Lastly, Highlight Report
Closing Thoughts
As PRINCE2 certification becomes increasingly popular globally, more people are taking the exam, creating more competition. However, with dedication, hard work, and proper guidance, you can still excel in the PRINCE2 Practitioner exam. The PRINCE2 Practitioner Certification cheat sheet provided above can help you gain a fresh perspective and succeed in your exam preparations. However, if you feel like preparing thoroughly for the same, check out Testprep Training preparatory Guide.
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