PRINCE2 is a structured, scalable project-management method focused on business value, clear accountability, and controlled delivery.
1) The Documentation Spine (What actually matters)
Think of your project as a product line. These artifacts form the production line that moves ideas to outcomes.
- Business Case (living)
- Purpose: Prove continued viability.
- Advanced moves:
- Benefits profile per stage with confidence bands (P50/P80).
- Sensitivity table (scope/time/cost/risk vs. NPV).
- Decision rule: no re-baselined benefits → no next stage.
- Project Initiation Documentation (PID)
- Purpose: Your governance contract.
- Advanced moves:
- Tolerances per theme (time/cost/scope/quality/benefits/risk).
- Tailoring matrix: what you’re not doing and why.
- Data AI appendix (privacy, lineage, model risk if applicable).
- Management Approaches (How you run)
- Quality Management Approach, Risk Management Approach, Change Control Approach, Communication Management Approach, Benefits Management Approach, Configuration Management Strategy.
- Advanced moves: link each approach to a single source of truth (one register each), plus automation hooks (e.g., Jira, ServiceNow, SharePoint).
- Product Descriptions
- Purpose: Define “what good looks like.”
- Advanced moves: measurable acceptance criteria + service acceptance criteria for transition, and sustainability/non-functional constraints.
- Plans (Project, Stage, and optionally Team)
- Advanced moves:
- Rolling-wave planning with a Critical Chain or Reference Class estimate annotation.
- Resource-constrained view (not just Gantt).
- Buffer burn chart embedded in Highlight Reports.
2) Registers: The Truth Databases
Risk Register
- Probability × Impact × Detectability; top-10 list has owners and funded responses.
- Add leading indicators (e.g., vendor delivery variance 15% for two sprints).
Issue Register
- Classify: request, off-spec, problem/concern.
- Link to Change Log entries and Exception Reports.
Change Log
- Impacted baselines, decision authority, effective date.
- Pre-authorised Change Authority thresholds (e.g., ≤ 2% cost drift).
Lessons Log
- Use “signal → experiment → adoption” format; move adopted items into the PID at stage boundaries.
3) Reporting that Drives Decisions (not theatre)
Executive Pack (monthly or at Stage Boundary)
- 1 page: RAG summary benefit trajectory vs baseline.
- 1 page: Stage progress (plan vs actual) + buffer burn.
- 1 page: Top risks/issues/changes with decisions required.
- 1 page: Financials (to-date, EAC, variance bands).
- Annex: RAID detail (for PMO/Audit).
Rule of thumb: 4 pages for decisions, unlimited in annex. If a page doesn’t prompt a decision or re-affirm one, delete it.
Highlight Report (PM → Board, cadence 2–4 weeks)
- Essentials: since last report, to next report, forecast to complete, tolerances status, key risks/issues/changes, decisions required.
- Advanced: lead indicators (decision latency, requirements volatility, defect escape rate).
Checkpoint Report (Team → PM, weekly/bi-weekly)
- Work Package status, completed products, quality results, next tasks, impediments.
End Stage Report / End Project Report
- Evidence for continue/redirect/close; benefits review plan confirmed with owners.
Exception Report
- Triggered when tolerances at risk: cause, options, impact, recommendation, decision request.