Prince2 Foundation Wiki [repack] ❲2025❳
Senior management sets "tolerances" (e.g., time, cost) for the project manager; they only intervene if these are breached.
The methodology is built upon five integrated elements (previously seven in older editions like PRINCE2 6th Edition) that work together to provide a complete governance framework: 1. The Seven Principles prince2 foundation wiki
Responsible for the day-to-day management of the project within the constraints set by the Project Board. They do not create the products (that is the Team Manager). Senior management sets "tolerances" (e
The pre-project phase to ensure the project is viable. Senior management sets "tolerances" (e.g.