PRINCE2 is comprised of 8 elements or “components”

1.      Business Case

2.      Organization

3.      Plans

4.      Controls

5.      Management of Risk

6.      Quality in a Project Environment

7.      Configuration Management

8.      Change Control

Business Case:  The existence of a viable Business Case is the main control condition for a PRINCE2 project.  The Business Case is verified by the Project Board before a project begins and at every major decision point throughout the project.  The project should be stopped if the viability of the Business Case disappears for any reason.

Organization:  Since the Project Manager often has to direct staff who report to another management structure, some senior management oversight organization is needed to assure that those diverse resources are committed to the project.  In addition, viability decisions need to made by management with an investment in the project, and an accountability for delivering it through the Project Manager.  In PRINCE2 this oversight is the Project Board.

•           ISO is the International Organization for Standardization. It is located in Switzerland and was established in 1947 to develop common international standards in many areas. Its members come from over 120 national standards bodies.

•           ISO 9000 applies to all types of organizations. It doesn’t matter what size they are or what they do. It can help both product and service oriented organizations achieve standards of quality that are recognized and respected throughout the world.