These are: The Exception Plan is only ever needed, should the Project Plan or stages plans causes the project manager to forecast that Tolerance of that plan is to be exceeded. It starts with identifying the products required and only then considers the activities, dependencies and resources required to deliver the products. Some suggestions given in the PRINCE2 manual are product based planning, change control, quality review technique, Gantt charts, PERT charts and critical path analysis. The documents which define the Project itself are also considered Products. The Product Based Planning Technique consists of four steps: Project Assurance should review all draft copies of Plans.It can also be helpful to give copies of such draft plans to members of the project board prior at an end stage assessment, so that the meeting itself can be used to clarify, and make decisions on whether the project should proceed. Product Based Planning is described as a technique in the PRINCE2™ Project Management Process. In this way, by defining the whole product set necessary for the project, and not just those that are in your scope, you can surface and document the critical assumptions. In the unlikely event that you are not 100% satisfied - we will gladly arrange a full refund with no quibbles. This method is used in PRINCE2, the UK's government mandated method for the management of major projects. A significant advantage of product-based planning is the ability to surface critical assumptions and constraints. Under the PRINCE2 methodology, a Product Breadown Structure (PBS) is a tool used for: Documenting the outcomes of a project; Analysing the outcomes of a project; Communicating the outcomes of a project; The PBS is an essential aspect of the product based planning technique for which PRINCE2 is famous. PRINCE2 assumes the use of a planning tool, and it is often best to bring this planning meeting to a close, and use the network diagram as an information source to enter activities directly into such a tool.The remaining steps within scheduling can now take place, such as Critical Path analysis, resource leveling and loading, agreeing control points, and the creation of other costs and resource plans. Copyright 2020 Projex Academy, all rights reserved. PRINCE2 –Procurement Product - based planning is a fundamental part of the PRINCE2 approach to project management, and is a method of identifying all of ... M Prince2 Team Structure - CheckyKey PRINCE2 has developed the Product-Based Planning technique, an iterative planning process that focuses attention on the products that a project must deliver. PRINCE2 has a unique approach to planning. Product-based planning is completed in four steps: 1. Product Based Planning is one of only four techniques prescribed in PRINCE2, the others being Quality Reviews, Change Control Approach, and Project Filing. Product-Based Planning – The Strengths of Prince2™ (#9 in the series How PRINCE2™ Can Complement PMBOK® and Your PMP) By Jay Siegelaub – MBA, PMP, PRINCE2. Based on focus on product principal Product based planning technique is used. PRINCE2 employs product-based planning techniques, focusing on identifying the product necessary to achieve project/stage objectives. PRINCE2 Product based planning approach A project is required to organize and run a conference for between 80 and 100 delegates. Product-based planning is a fundamental part of the PRINCE2 approach to project management, and is a method of identifying all of the products (project deliverables) that make up or contribute to delivering the objectives of the project, and the associated work required to deliver them. Perhaps you have heard the term “Work Breakdown Structure.” The PRINCE2 approach to Plans has the following 7 steps that are easy to understand. https://en.wikipedia.org/w/index.php?title=Product-based_planning&oldid=873209952, Creative Commons Attribution-ShareAlike License, This page was last edited on 11 December 2018, at 19:47. The Project Management Institute has many of the same concepts in their Project Management Body of Knowledge (PMBoK). Design the Plan. The planning process consists of several activity steps. For example, if your project is to build another floor on top of a house a required product will be the floor underneath on which to build the one you are commissioned to deliver. to agree on style, format, design, estimation tools and methods of plan; may follow the organization/program requirements; Define and Analyze Products (Specialist and Management Products) Product-Based Planning — an iterative planning process to gain agreement on the product scope There are four steps involved in creating a PRINCE2 plan: write a Project Product Description, create a Product Breakdown Structure, write the Product Descriptions, and finally create the Product Flow Diagram. A risk is a threat or opportunity to the project's objectives (time, cost, quality, etc...), and one or more of the risk responses MAY be to de-scope or change the quality criteria of the product and hence its product description.Another potential outcome is that different resources are need in the activities that contribute to the product. This is really important in an environment where timelines are changing, therefore we’re moving away from timeline-focused planning, especially when the time element is so uncertain. This is the product based planning step, that you should take most time with. This method captures them all, reducing the chance that any will be overlooked. All Courses for less than $10/month if paid annually, As a result of estimating, several outcomes may show that you need to return to product based planning, and here are a few examples:The product that this activity relates to, needs a modified Product Description possible in terms of description, those working on it, or the quality criteria.The product that this activity relates to, is now looking too complicated and may need to be split into several productsThe product that this activity relates to is too expensive and needs to be de-scopedThe product that this activity relates to requires different development skills and may be subcontracted out. PRINCE2® Seven Planning Steps. If you continue browsing the site, you agree to the use of cookies on this website. Creation of the product breakdown structure 3. If you continue browsing the site, you agree to the use of cookies on this website. Product-based planning is often applied in tandem with an activity-centred planning approach (see step 3 above, ‘Planning activities and dependencies’) in order to ensure a balanced final Plan. Product-based Planning Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. The technique considers prerequisite products, quality requirements and the dependency between products.” The manual As a result of modifying product descriptions as above, the product breakdown structure and product flow diagram may need to be modified in some way. Draft copies of all major product descriptions can now be created, or you may choose to leave such creation until both of the diagrams within product based planning have been created.4. However, this will still mean that product descriptions will need to be created for significant products, and hence product based planning is still used.The guideline here is that " does the creation of a product description add any value". Not only does this technique help me to identify the constituent parts that will create the final, integrated product or output to hand … As a product you hope that it is there and will be fit for purpose but as you are not commissioned to deliver it, it falls outside your scope - and into your assumptions. When creating Product Descriptions at Project Plan level, you just issue draft versions (several of the description fields will be annotated as 'Not Yet Known' ) because at this point in time, the team cannot know the full details until the relevant stage in which the product is being created.Therefore, when performing stage planning the following options may need to be considered: Using the name of each product in turn, get the participants to create new post-it notes, one for each activity that would be necessary to create each product. The planning process consists of several activity steps. 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