Prince2 Interview Questions (2024)

1. What is Prince2?

2. What are the 7 PRINCE2 principles?

3. What are the preferred Prince2 integrated elements?

4. What is Themes in Prince2?

5. What are different types of Themes available in Prince2?

6. How is PRINCE2 different from PMP?

7. What are the PRINCE2 project variables?

8. What are the different Project Processes involved in Prince2?

9. How does PRINCE2 help Businesses?

Q: What is Prince2?
Ans:

Projects in Controlled Environments is referred to as PRINCE. It is currently one of the approaches for project management that is utilized the most frequently. Irrespective of the type and scope of the project, PRINCE2 supports project managers in structuring projects such that each step is more manageable and controllable.

Q: What are the 7 PRINCE2 principles?
Ans:

PRINCE2 techniques are based on 7 fundamental ideas. Together, these guidelines offer a structure for good business:
1. Continuation of Business Justification : A project must provide reasonable business justifications. The utilization of time and resources must be justified and there must be a demonstrable return on investment.
2. Learning Experience : Project teams should consider the lessons learned from earlier initiatives. For this reason, a lessons log is updated.
3. Specify roles and responsibilities : Each person working on a project should be aware of what the others are doing. Knowing the decision-makers is part of this.
4. Stage-by-stage management : It is good to divide challenging activities into smaller, more manageable tasks, or management stages.
5. Handle by Exception : A successful project doesn't require a lot of managerial intervention. Only problems that are or could be problems are reported to the project board.
6. Emphasize Products : Everyone should be aware of what is anticipated of the final output in advance. Work activity is determined by product requirements, not the reverse way around.
7. Adapt to the Environment : PRINCE2 is scalable and adaptable. Projects that utilize PRINCE2 flexibly rather than absolute truth have a higher chance of success.

Q: What are the preferred Prince2 integrated elements?
Ans:

1. Prince2 Principles
2. Prince2 Themes
3. Prince2 Processes
4. Prince2 Project Environment

Q: What is Themes in Prince2?
Ans:

Themes offer guidance on how the project should be run. They might be viewed as areas of knowledge or the application of principles. They are put up at the start of the project and are then followed up on all the while. By continually addressing themes, projects stay on track.

Q: What are different types of Themes available in Prince2?
Ans:

1. Business Case : In line with the ongoing business justification premise. Finding out whether a project is beneficial and feasible is made possible by this theme.
2. Organization : Associated with the principle of defining roles and duties. Project managers must keep track of everyone's roles and duties in accordance with the organization theme.
3. High quality : Pertaining to the emphasis on the product principle. To keep a project on track, it is essential to define quality at the outset because it might be an abstract idea.
4. Plans : A plan outlines how requirements will be achieved. It emphasizes the products, timeline, price, value, and advantages.
5. Risk : This theme's goal is to discover, evaluate, and manage uncertain project-related occurrences. A risk log includes a record of these. Threats and opportunities are terms used to describe positive and negative risks, respectively.
6. Modifications : Managing modification requests and problems that develop throughout the project is the focus of this theme. The goal is to agree on changes before to implementation rather than to disallow them.
7. Progress : Monitoring the project's progress is important. Project managers can use this to check and manage their progress with respect to the plan. Without this or any other theme, projects can fail, and if you're not tracking, you might not even be aware that it's occurring.

Q: How is PRINCE2 different from PMP?
Ans:

The PMP certification relates to the expertise needed to properly manage a project's execution. The main focus of PRINCE2 is on the framework and procedures for effectively completing particular project types in controlled environments.

Q: What are the PRINCE2 project variables?
Ans:

Timeframes, Costs, Quality, Scope, Benefits, and Risk are the six factors (performance targets) that must be under control in a project. Often referred as: The six performance factors for projects.

Q: What are the different Project Processes involved in Prince2?
Ans:

The PRINCE2 methodology divides a project's management into 7 processes. The project manager is in charge of each one, and the project board gives its approval.

1. Starting a Project (SU) : Develop an execution strategy with the team and define the project's goals.
2. Initiating a Project (IP) : This section describes how the target will be managed with regard to Time, Cost, Quality, Scope, Benefits, and Risk.
3. Project direction (DP)
4. Controlling a Stage (CS) : Assigned, divide the project into manageable tasks, and keep track of.
5. Controlling Product Delivery (MP)
6. Keeping Stage Boundaries in Check (SB)
7. Finishing off a project (CP)

Q: How does PRINCE2 help Businesses?
Ans:

The focus on planning, tolerances, and lessons learned in PRINCE2 can assist stabilize a project in difficulty. Risk management and ongoing business justification are other PRINCE2 priorities. When there is a downturn in the economy, sponsors are less eager and able to launch new, important initiatives. Employers find this to be helpful.