PRINCE2 Agile Foundation ALL ANSWERS 100% CORRECT SPRING FALL 2023/24 LATEST EDITION GUARANTED GRADE A+

Define Project in 4 characteristics Temporary Team created Difficult Degree of Uncertainty Define Business As Usual (BAU) in 4 characteristics Ongoing Stable Team Routine Degree of Certainty PRINCE2 Principles (7) Continued Business Justification Learn from Experience Defined Roles and Responsibilities Manage by Stages Manage by Exception Focus on Product Tailor to suit the Project PRINCE2 Themes (7) Business Case Organization Quality Plans Risk Change Progress PRINCE2 Management Products (26, need to know 7) Business Case Checkpoint Report Highlight Report Project Brief Project Initiation Documentation Project Product Description Work Package Agile Manifesto Individuals and Interaction vs Processes and Tools Working software vs Comprehensive Documentation Customer Collaboration vs Contract Negotiations Responding to Change vs Following a Plan Agile Basic Structure Product Backlog Repetition of Sprints: - Sprint Backlog - Daily Standup meetings Shippable Product Agile Frameworks SCRUM KANBAN LEAN Startup Agile definition according to PRINCE2 A family of behaviours, concepts, frameworks and techniques Agile Behaviours (principles, values, mindset) Being collaborative Self-organizing Customer-focussed Empowered Trusting not blaming Agile Concepts (fundamentals) Prioritizing what is delivered Working iteratively and incrementally Not delivering everything Time-focussed Inspect and adapt Kaizen Limiting Work in Progress (WIP) Agile Techniques (practices, tools) Burn Charts User Stories Retrospectives Timeboxing Measuring Flow PRINCE2 Areas of Strength (vs Agile) Project Direction Project Management Agile Area of Strengths (vs PRINCE2) Delivery-focussed PRINCE2 Agile Guidance Points (8) - PRINCE2 already enabled for Agile - PRINCE2 suitable for any type of project, not traditional - PRINCE2 Agile is for any type of project, not just IT - IT-only frameworks and techniques are mentioned, but not extensively - Agile is more than SCRUM - Scrum and Kanban are frequently used, but are not suitable to manage a project in isolation, but can be used effectively in a project context. - Agile refers to a family of behaviours, concepts, frameworks, and techniques - Using Agile is not a "Yes" or "No" question but a "How much" PRINCE2 Agile Performance Targets (6) Time Cost Benefits Risk Quality Scope What is Tolerance in Performance Targets? Allowable Variation around Performance Targets Previously defined If tolerance exceeded, an exception should be raised Fix or Flex Tolerance Guidance: Time Fix: 0 Tolerance on all levels Fix or Flex Tolerance Guidance: Cost Fix: 0 Tolerance on all levels Fix or Flex Tolerance Guidance: Quality Fix and Flex: acceptance criteria and quality criteria can be prioritized Project Product Description: - 0 Tolerance for essential Customer Quality expectations and critical acceptance criteria. - Some Tolerance for desirable but non-essential Quality expectations and acceptance criteria General Product Description: - 0 Tolerance for essential Quality Criteria - Some Tolerance for desirable but non-essential Quality Criteria Fix or Flex Tolerance Guidance: Scope Fix and Flex - 0 Tolerance for essential products - Some Tolerance for desirable but non-essential products Fix or Flex Tolerance Guidance: Risk Fix or Flex CONTINUED..