Purpose of Initiating a Project Process | Prince2-Foundation Exam

Purpose of the Initiating a Project Process

Question

Which is a purpose of the Initiating a Project process?

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Explanations

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A. B. C. D.

C.

The Initiating a Project process is the first process in PRINCE2, a popular project management methodology. The purpose of this process is to establish solid foundations for the project, so that the project team can proceed with a clear understanding of what is required and how to achieve it. The following are the key purposes of the Initiating a Project process:

C. Establish solid foundations for a project: This purpose involves defining the project's objectives, scope, deliverables, and outcomes. The project team will also establish a project management approach, which will include the identification of stakeholders, the project organization structure, and the roles and responsibilities of team members. In addition, the project team will create a business case, which will outline the reasons for the project, the benefits that will be achieved, and the costs and risks associated with the project.

A. Decide if it is worthwhile to initiate a project: This purpose involves evaluating the business case and determining whether the project is viable and worthwhile. The project team will review the costs and benefits of the project and assess the risks associated with it. They will also consider alternative options and determine if the project aligns with the organization's strategy.

B. Decide on the project approach: This purpose involves selecting the most appropriate project management approach for the project. The project team will consider factors such as the size and complexity of the project, the level of uncertainty involved, and the capabilities of the project team. They will then select an approach that is best suited to the project.

D. Identify the number of Work Packages required: This purpose involves breaking down the project into manageable pieces called work packages. The project team will identify the work packages required to achieve the project's objectives and outcomes. Work packages are used to create the project plan and schedule, and to assign tasks and responsibilities to team members.

In summary, the main purpose of the Initiating a Project process is to establish solid foundations for the project, which includes defining the project's objectives, scope, deliverables, and outcomes, evaluating the business case and determining whether the project is viable and worthwhile, selecting the most appropriate project management approach, and identifying the work packages required to achieve the project's objectives.