This is an A-Z glossary of terms, from the 2009 edition. PRINCE2® is a registered trade mark of AXELOS Limited. <
Graphical representation of a plan (for example, a Gantt chart
), typically describing a sequence of tasks, together with resource allocations, which collectively deliver the plan. In PRINCE2, project activities should only be documented in the schedules associated with a Project Plan
, Stage Plan or Team Plan. Actions that are allocated from day-to-day management may be documented in the relevant project log (i.e. Risk Register
, Daily Log
, Issue Register
, Quality Register) if they do not require significant activity.
For a plan, the sum total of its products and the extent of their requirements. It is described by the product breakdown structure for the plan and associated Product Descriptions
The permissible deviation in a plan’s scope that is allowed before the deviation needs to be escalated to the next level of management. Scope tolerance is documented in the respective plan in the form of a note or reference to the product breakdown structure for that plan. See ‘tolerance
Senior Responsible Owner
A UK government term for the individual responsible for ensuring that a project or programme of change meets its objectives and delivers the projected benefits. The person should be the owner of the overall business change that is being supported by the project. The Senior Responsible Owner (SRO) should ensure that the change maintains its business focus, that it has clear authority, and that the context, including risks, is actively managed. This individual must be senior and must take personal responsibility for successful delivery of the project. The SRO should be recognized as the owner throughout the organization. The SRO appoints the project's Executive
(or in some cases may elect to be the Executive
The Project Board role that provides knowledge and experience of the main discipline(s) involved in the production of the project’s deliverable(s). The Senior Supplier represents the supplier interests within the project and provides supplier resources.
The Project Board role accountable for ensuring that user needs are specified correctly and that the solution meets those needs.
share (risk response)
A risk response to either a threat or an opportunity through the application of a pain/gain formula: both parties share the gain (within pre-agreed limits) if the cost
is less than the cost
plan; and both share the pain (again within pre-agreed limits) if the cost
plan is exceeded.
A product whose development is the subject of the plan. The specialist products are specific to an individual project (for example, an advertising campaign, a car park ticketing system, foundations for a building, a new business process etc.) Also known as a deliverable or output.
The main driving force behind a programme or project. PRINCE2 does not define a role for the sponsor, but the sponsor is most likely to be the Executive
on the Project Board, or the person who has appointed the Executive
A detailed plan used as the basis for project management control throughout a stage.
Any individual, group or organization that can affect, be affected by, or perceive itself to be affected by, an initiative (programme, project, activity, risk).
The person, group or groups responsible for the supply of the project’s specialist products.
Copyright © AXELOS Limited 2012. All rights reserved. Material is reproduced with the permission of AXELOS