title
PRINCE2® Foundation Training Videos | PRINCE2® Certification Training | Simplilearn

description
🔥PMP® Certification Training Course: https://www.simplilearn.com/project-management/pmp-certification-training?utm_campaign=Prince2-bBxeXC8K8lM&utm_medium=DescriptionFirstFold&utm_source=youtube This PRINCE2® Certification Training Video will give an overview of Simplilearn's PRINCE2® Certification course and will discuss about the PRINCE2® Certification exam outline and syllabus. This video will also explain all the PRINCE2® Principles and PRINCE2® themes in detail. This PRINCE2® Foundation Training Videos will explain the below topics: 1. PRINCE2® Certification exam outline 2. Challenges faced by organization during project management 3. Project Management methodology 4. Six variables of project 5. PRINCE2® benefits 6. PRINCE2® Principles 7. PRINCE2® Themes PRINCE2® Benefits as follows: 1. PRINCE2® Widely recognized across industries 2. Provides common vocabulary among the suppliers and customers 3. PRINCE2® Includes best practices for managing projects 4. Independent of the industry, domain and technology 5. Clearly defined project roles and responsibilities 6. PRINCE2® Provides project organization with structure of accountability, delegation, authority and communication Subscribe to Simplilearn channel for more PRINCE2® Tutorial Videos - https://www.youtube.com/user/Simplilearn?sub_confirmation=1 Check our PRINCE2® Tutorial videos playlist: https://www.youtube.com/watch?v=bBxeXC8K8lM&list=PLEiEAq2VkUUJyTiJr-CJicAj-hPze1hrv Project Management Articles : https://www.simplilearn.com/why-project-management-is-critical-to-your-organization-article?utm_campaign=Prince2-Foundation-and-Practitioner-Tutorial-Video-Prince2-Online-Training-Video-bBxeXC8K8lM&utm_medium=Tutorials&utm_source=youtube ✅About Post Graduate Program In Project Management This project management certificate program will cover strategization and management - project, program, risk, quality, complexity management, customer-centric digital transformation, PMO implementation, and agile and scrum skills; and allow you to earn 146 Professional Development Units (PDUs) for maintaining CCR for PMI certifications. ✅Key features - Receive Post Graduate Program Certificate and Alumni Association Membership from UMass Amherst. - 8X higher live interaction in live online classes by industry experts. - Earn 146 PDUs for PMI related certifications with 35 contact hours and 4 simulation examinations to ace the PMP exam. - 100% Money back guarantee. - Live classes entirely delivered by Simplilearn's expert instructors. ✅Skills Covered - Project Management - Agile Management - Project Risk Management - Quality Management - Lean six sigma green belt LSSGB - Digital Transformation - Design Thinking - Customer experience design - Leadership Skills 👉 Learn more at: https://www.simplilearn.com/pgp-project-management-certification-training-course?utm_campaign=Prince2-bBxeXC8K8lM&utm_medium=Description&utm_source=youtube 🔥🔥 Interested in Attending Live Classes? Call Us: IN - 18002127688 / US - +18445327688 🎓Enhance your expertise in the below technologies to secure lucrative, high-paying job opportunities: 🟡 AI & Machine Learning - https://l.linklyhq.com/l/1tMt8 🟢 Cyber Security - https://l.linklyhq.com/l/1tMt9 🔴 Data Analytics - https://l.linklyhq.com/l/1tMt1 🟠 Data Science - https://l.linklyhq.com/l/1tMt4 🔵 Cloud Computing - https://l.linklyhq.com/l/1tMtA

detail
{'title': 'PRINCE2® Foundation Training Videos | PRINCE2® Certification Training | Simplilearn', 'heatmap': [{'end': 543.974, 'start': 482.917, 'weight': 0.714}, {'end': 813.003, 'start': 699.829, 'weight': 0.851}, {'end': 1355.53, 'start': 1238.478, 'weight': 0.793}, {'end': 1515.589, 'start': 1399.715, 'weight': 0.779}, {'end': 1835.072, 'start': 1718.264, 'weight': 0.863}], 'summary': 'Series provides a comprehensive overview of the prince2 foundation and practitioner certification course, covering principles, themes, processes, and methodology, as well as emphasizing the importance of business justification, project management structure, stakeholder engagement, and communication strategy.', 'chapters': [{'end': 292.715, 'segs': [{'end': 59.225, 'src': 'embed', 'start': 29.653, 'weight': 2, 'content': [{'end': 33.055, 'text': 'We will discuss the learning objectives of this course in the following screen.', 'start': 29.653, 'duration': 3.402}, {'end': 41.901, 'text': 'The main objective of this course is to ensure participants understand the four integrated elements of PRINCE2 methodology.', 'start': 35.157, 'duration': 6.744}, {'end': 50.067, 'text': 'The four elements are 7 principles, 7 themes, 7 processes and tailoring to project environment.', 'start': 42.702, 'duration': 7.365}, {'end': 54.83, 'text': 'We will be covering each of these core elements in detail during this course.', 'start': 51.027, 'duration': 3.803}, {'end': 59.225, 'text': 'Knowing these elements will help in PRINCE2 foundation examination.', 'start': 55.782, 'duration': 3.443}], 'summary': 'This course aims to ensure understanding of the 4 integrated elements of prince2: 7 principles, 7 themes, 7 processes, and tailoring to project environment, for success in prince2 foundation examination.', 'duration': 29.572, 'max_score': 29.653, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM29653.jpg'}, {'end': 135.212, 'src': 'embed', 'start': 80, 'weight': 0, 'content': [{'end': 84.144, 'text': 'The salient features of PRINCE2 foundation examination are as follows.', 'start': 80, 'duration': 4.144}, {'end': 89.098, 'text': 'It is one hour exam consisting of 75 multiple choice questions.', 'start': 85.034, 'duration': 4.064}, {'end': 96.526, 'text': 'Out of this 75 questions, 5 questions are trial and do not contribute towards the score.', 'start': 90.079, 'duration': 6.447}, {'end': 104.314, 'text': 'The question number of the trial questions is not shared with the participant, so all the questions have to be answered.', 'start': 96.546, 'duration': 7.768}, {'end': 110.694, 'text': 'To pass the PRINCE2 Foundation Examination, one must score 50%.', 'start': 105.373, 'duration': 5.321}, {'end': 115.376, 'text': 'That is, 35 out of 70 questions answered should be correct.', 'start': 110.694, 'duration': 4.682}, {'end': 120.177, 'text': 'The PRINCE2 Foundation Examination is a closed book examination.', 'start': 116.316, 'duration': 3.861}, {'end': 123.838, 'text': 'The book cannot be carried inside the examination center.', 'start': 121.157, 'duration': 2.681}, {'end': 128.279, 'text': 'In the next screen, we will find out about PRINCE2 Practitioner Exam.', 'start': 124.578, 'duration': 3.701}, {'end': 135.212, 'text': 'The salient features of PRINCE2 practitioner examination are the following.', 'start': 130.609, 'duration': 4.603}], 'summary': 'Prince2 foundation exam: 1-hour, 75 questions, 50% pass score', 'duration': 55.212, 'max_score': 80, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM80000.jpg'}, {'end': 214.626, 'src': 'embed', 'start': 185.204, 'weight': 3, 'content': [{'end': 191.188, 'text': 'For example, learn from experience is one of seven principles of PRINCE2 methodology.', 'start': 185.204, 'duration': 5.984}, {'end': 197.973, 'text': 'Risk is one of the seven themes and directing a project is one of the processes in PRINCE2.', 'start': 192.309, 'duration': 5.664}, {'end': 205.419, 'text': 'PRINCE2 methodology believes in customization, meaning that this methodology cannot be used as it is.', 'start': 198.994, 'duration': 6.425}, {'end': 209.962, 'text': 'It would need to be tailored down up to suit the specific project need.', 'start': 206.079, 'duration': 3.883}, {'end': 214.626, 'text': 'There are a total of 20 lessons.', 'start': 212.585, 'duration': 2.041}], 'summary': 'Prince2 methodology: 7 principles, 7 themes, 1 of 20 lessons on customization.', 'duration': 29.422, 'max_score': 185.204, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM185204.jpg'}, {'end': 292.715, 'src': 'embed', 'start': 269.744, 'weight': 4, 'content': [{'end': 278.688, 'text': 'Lesson 19,, which is Tailoring PRINCE2 to Project Environment, describes the need of tailoring of PRINCE2 methodology in various project environments.', 'start': 269.744, 'duration': 8.944}, {'end': 284.831, 'text': 'Please note that PRINCE2 exam is based on PRINCE2 manual published by TSO.', 'start': 279.809, 'duration': 5.022}, {'end': 288.713, 'text': 'Our lessons correspond to the lessons in PRINCE2 manual.', 'start': 285.792, 'duration': 2.921}, {'end': 292.715, 'text': 'That is to say, PRINCE2 manual also has 19 lessons.', 'start': 289.414, 'duration': 3.301}], 'summary': 'Lesson 19 emphasizes tailoring prince2 to various project environments.', 'duration': 22.971, 'max_score': 269.744, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM269744.jpg'}], 'start': 2.005, 'title': 'Prince2 certification and examination overview', 'summary': 'Provides an overview of the prince2 foundation and practitioner certification course, covering 7 principles, 7 themes, 7 processes, and tailoring to project environment. it also discusses the examination format, passing marks, syllabus, and tailoring prince2 to project needs.', 'chapters': [{'end': 54.83, 'start': 2.005, 'title': 'Prince2 certification overview', 'summary': 'Provides an overview of the prince2 foundation and practitioner certification course, which aims to ensure participants understand the four integrated elements of prince2 methodology: 7 principles, 7 themes, 7 processes, and tailoring to project environment.', 'duration': 52.825, 'highlights': ['The main objective of this course is to ensure participants understand the four integrated elements of PRINCE2 methodology, which are 7 principles, 7 themes, 7 processes, and tailoring to project environment.', 'The lesson will give an overview of the course and list the objectives, including learning objectives, PRINCE2 Certification exam description, and syllabus outline.']}, {'end': 292.715, 'start': 55.782, 'title': 'Prince2 examination overview', 'summary': 'Provides an overview of the prince2 foundation and practitioner examinations, including exam format, passing marks, and exam syllabus, as well as the importance of tailoring the prince2 methodology to specific project needs.', 'duration': 236.933, 'highlights': ['The PRINCE2 foundation examination consists of a one-hour, 75-question multiple choice exam, where 35 out of 70 questions need to be answered correctly to pass.', 'The PRINCE2 practitioner examination is a two and a half hour exam based on a case scenario, comprising of eight questions with a passing mark of 44 or 55%.', 'PRINCE2 methodology includes seven principles, seven themes, seven processes, and emphasizes the need for tailoring to suit specific project requirements.', 'Lessons in the course correspond to the 19 lessons in the PRINCE2 manual, with a specific focus on explaining the seven themes and processes of PRINCE2.', 'Tailoring of the PRINCE2 methodology to various project environments is emphasized, highlighting the need for customization to suit specific project requirements.']}], 'duration': 290.71, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM2005.jpg', 'highlights': ['The PRINCE2 practitioner examination is a two and a half hour exam based on a case scenario, comprising of eight questions with a passing mark of 44 or 55%.', 'The PRINCE2 foundation examination consists of a one-hour, 75-question multiple choice exam, where 35 out of 70 questions need to be answered correctly to pass.', 'The main objective of this course is to ensure participants understand the four integrated elements of PRINCE2 methodology, which are 7 principles, 7 themes, 7 processes, and tailoring to project environment.', 'PRINCE2 methodology includes seven principles, seven themes, seven processes, and emphasizes the need for tailoring to suit specific project requirements.', 'Tailoring of the PRINCE2 methodology to various project environments is emphasized, highlighting the need for customization to suit specific project requirements.']}, {'end': 930.247, 'segs': [{'end': 319.737, 'src': 'embed', 'start': 294.321, 'weight': 0, 'content': [{'end': 299.925, 'text': 'An extra lesson has been added in the course which gives us guidelines on PRINCE2 practitioner exam.', 'start': 294.321, 'duration': 5.604}, {'end': 303.847, 'text': 'At the end of each of these lessons, we have a quiz.', 'start': 300.905, 'duration': 2.942}, {'end': 309.591, 'text': 'Attempting these quizzes is recommended for an increased grasp of the topics covered.', 'start': 304.587, 'duration': 5.004}, {'end': 315.914, 'text': 'Once the 19 lessons are completed, the participants can take the online practice tests.', 'start': 310.691, 'duration': 5.223}, {'end': 319.737, 'text': 'These tests will help in preparation for the actual exam.', 'start': 316.575, 'duration': 3.162}], 'summary': 'Added prince2 practitioner exam lesson with 19 quizzes. online practice tests available after completion.', 'duration': 25.416, 'max_score': 294.321, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM294321.jpg'}, {'end': 543.974, 'src': 'heatmap', 'start': 482.917, 'weight': 0.714, 'content': [{'end': 486.439, 'text': 'introducing a new advertisement campaign is a project.', 'start': 482.917, 'duration': 3.522}, {'end': 491.421, 'text': 'According to Prince2, a project is taken as there is a problem.', 'start': 487.359, 'duration': 4.062}, {'end': 495.103, 'text': 'The expected change is introduced through projects.', 'start': 492.262, 'duration': 2.841}, {'end': 499.065, 'text': 'The characteristics of projects are as follows.', 'start': 496.444, 'duration': 2.621}, {'end': 503.027, 'text': 'Project introduces change in an organization.', 'start': 500.285, 'duration': 2.742}, {'end': 511.073, 'text': 'Each project has definite start date and an intended end date, which makes all projects temporary in nature.', 'start': 503.968, 'duration': 7.105}, {'end': 513.313, 'text': 'Each project is unique.', 'start': 512.094, 'duration': 1.219}, {'end': 518.778, 'text': 'The resources from various units with multiple skill sets are involved in the project.', 'start': 514.195, 'duration': 4.583}, {'end': 521.861, 'text': 'This makes all the projects cross-functional.', 'start': 519.419, 'duration': 2.442}, {'end': 525.183, 'text': 'Each project has its own share of risks.', 'start': 522.66, 'duration': 2.523}, {'end': 529.106, 'text': 'Hence, there is an uncertainty in each project.', 'start': 526.124, 'duration': 2.982}, {'end': 534.468, 'text': 'In the next screen, we will find out why we need project management methodology.', 'start': 530.205, 'duration': 4.263}, {'end': 543.974, 'text': 'PRINCE2 defines project management as Project management is the planning, delegating,', 'start': 537.77, 'duration': 6.204}], 'summary': 'Introducing a new advertisement campaign is a project with unique characteristics and inherent risks according to prince2.', 'duration': 61.057, 'max_score': 482.917, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM482917.jpg'}, {'end': 622.502, 'src': 'embed', 'start': 592.506, 'weight': 4, 'content': [{'end': 599.467, 'text': 'If the projects are managed in a systematic way throughout the project lifecycle, the project has a higher possibility of success.', 'start': 592.506, 'duration': 6.961}, {'end': 608.77, 'text': 'The project management methodology helps project managers to keep control over the specialist work, such as building a website,', 'start': 600.408, 'duration': 8.362}, {'end': 612.756, 'text': 'design a building and to manage the risks effectively.', 'start': 608.77, 'duration': 3.986}, {'end': 622.502, 'text': 'The next screen will introduce us to PRINCE2 PRINCE2 is a non-proprietary project management method.', 'start': 613.917, 'duration': 8.585}], 'summary': 'Systematic project management increases success rates. prince2 is a non-proprietary method.', 'duration': 29.996, 'max_score': 592.506, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM592506.jpg'}, {'end': 707.035, 'src': 'embed', 'start': 676.217, 'weight': 3, 'content': [{'end': 683.439, 'text': 'As per PRINCE2, the project managers need to control the following six aspects or variables of a project.', 'start': 676.217, 'duration': 7.222}, {'end': 692.423, 'text': 'First aspect is cost, as the project has to be affordable and though initially there may be a particular budget,', 'start': 684.397, 'duration': 8.026}, {'end': 698.788, 'text': 'there will be many factors which can lead to overspending and perhaps some opportunities to cut costs.', 'start': 692.423, 'duration': 6.365}, {'end': 707.035, 'text': 'Second is timescales, as the next most frequent question asked of a project manager is the timescale of a project.', 'start': 699.829, 'duration': 7.206}], 'summary': 'Prince2 emphasizes control of six project aspects: cost and timescales.', 'duration': 30.818, 'max_score': 676.217, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM676217.jpg'}, {'end': 813.003, 'src': 'heatmap', 'start': 699.829, 'weight': 0.851, 'content': [{'end': 707.035, 'text': 'Second is timescales, as the next most frequent question asked of a project manager is the timescale of a project.', 'start': 699.829, 'duration': 7.206}, {'end': 714.848, 'text': 'Next is quality, as finishing on time and within budget is not enough if the result of the project is not functional.', 'start': 708.004, 'duration': 6.844}, {'end': 719.851, 'text': 'In Prince 2 terms, the project products must be fit for purpose.', 'start': 715.848, 'duration': 4.003}, {'end': 729.316, 'text': 'Fourth is scope, because if the scope is not known, then the various parties involved in a project may end up talking at cross-purposes.', 'start': 720.791, 'duration': 8.525}, {'end': 737.441, 'text': 'Fifth is risks, as all projects entail risks, but how much risk is acceptable should be predefined.', 'start': 730.477, 'duration': 6.964}, {'end': 740.806, 'text': 'The last aspect is benefits,', 'start': 738.564, 'duration': 2.242}, {'end': 752.076, 'text': 'as the project manager has to have a clear understanding of the purpose of the project as an investment and make sure that what the project delivers is consistent with achieving the desired return.', 'start': 740.806, 'duration': 11.27}, {'end': 756, 'text': 'Let us look at the structure of PRINCE2 in the next screen.', 'start': 752.957, 'duration': 3.043}, {'end': 769.022, 'text': 'As seen in the image on the screen, the PRINCE2 is a project management methodology that includes four integrated elements of principles themes,', 'start': 759.013, 'duration': 10.009}, {'end': 771.404, 'text': 'processes and the project environment.', 'start': 769.022, 'duration': 2.382}, {'end': 779.511, 'text': 'A project is called a PRINCE2 project only if it follows the seven principles described by PRINCE2.', 'start': 772.745, 'duration': 6.766}, {'end': 789.71, 'text': 'The principles are the guiding obligations and good practices that determine whether the project is genuinely being managed using PRINT2.', 'start': 781.223, 'duration': 8.487}, {'end': 797.856, 'text': 'The themes describe aspects of a project management that must be addressed continually and in parallel throughout the project.', 'start': 790.37, 'duration': 7.486}, {'end': 804.501, 'text': 'The purpose of themes is achieved by performing PRINT2 processes throughout the project.', 'start': 798.716, 'duration': 5.785}, {'end': 813.003, 'text': 'There are seven themes that describe how the seven principles can be followed while achieving the objectives of the themes.', 'start': 805.52, 'duration': 7.483}], 'summary': 'Project management involves addressing timescales, quality, scope, risks, and benefits, with prince2 methodology consisting of principles, themes, processes, and project environment.', 'duration': 113.174, 'max_score': 699.829, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM699829.jpg'}, {'end': 779.511, 'src': 'embed', 'start': 759.013, 'weight': 1, 'content': [{'end': 769.022, 'text': 'As seen in the image on the screen, the PRINCE2 is a project management methodology that includes four integrated elements of principles themes,', 'start': 759.013, 'duration': 10.009}, {'end': 771.404, 'text': 'processes and the project environment.', 'start': 769.022, 'duration': 2.382}, {'end': 779.511, 'text': 'A project is called a PRINCE2 project only if it follows the seven principles described by PRINCE2.', 'start': 772.745, 'duration': 6.766}], 'summary': 'Prince2 is a project management methodology with four integrated elements and seven principles.', 'duration': 20.498, 'max_score': 759.013, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM759013.jpg'}], 'start': 294.321, 'title': 'Prince2 certification course and methodology', 'summary': 'Provides an overview of the prince2 certification course, including 19 lessons, quizzes, and online practice tests for exam preparation. it also introduces the prince2 methodology, emphasizing its systematic approach to project management and highlighting its benefits as a proven best practice.', 'chapters': [{'end': 394.692, 'start': 294.321, 'title': 'Prince2 certification course overview', 'summary': 'Introduces a new lesson with guidelines for the prince2 practitioner exam, including 19 lessons, quizzes, and online practice tests to help participants prepare for the exam and covers the challenges faced by organizations in project management and the need for project management methodology.', 'duration': 100.371, 'highlights': ['The course includes 19 lessons, quizzes, and online practice tests to prepare for the exam The course includes 19 lessons, quizzes, and online practice tests to prepare for the exam', 'Challenges faced by organizations in project management and the need for project management methodology are covered Challenges faced by organizations in project management and the need for project management methodology are covered', 'Managing business operations and responding to changes simultaneously is a challenging task for organizations Managing business operations and responding to changes simultaneously is a challenging task for organizations']}, {'end': 930.247, 'start': 395.851, 'title': 'Introduction to prince2 methodology', 'summary': 'Introduces the concept of project management methodology, emphasizing the need for a systematic approach to manage projects and highlighting the six aspects that project managers need to control, as well as the key elements of prince2 methodology. it also outlines the benefits of prince2 as an established and proven best practice for managing projects.', 'duration': 534.396, 'highlights': ['Introduction to PRINCE2 Methodology The chapter introduces the concept of project management methodology, emphasizing the need for a systematic approach to manage projects and highlighting the six aspects that project managers need to control, as well as the key elements of PRINCE2 methodology. It also outlines the benefits of PRINCE2 as an established and proven best practice for managing projects.', 'Definition of a Project A project is defined as a temporary organization created to deliver one or more business products according to an agreed business case. Projects introduce change in an organization, have definite start and end dates, are unique, involve resources with multiple skill sets, and carry their own share of risks.', 'Importance of Project Management Methodology The systematic approach to project management methodology is crucial for increasing the success rate of projects, as failure can result in significant financial losses. By following a systematic way throughout the project lifecycle, the projects have a higher possibility of success, helping project managers to keep control over specialist work and manage risks effectively.', 'PRINCE2 Methodology Overview PRINCE2 is a non-proprietary project management method that can be applied to any project in any industry or domain. It includes four integrated elements of principles, themes, processes, and the project environment. The chapter describes the seven principles, seven themes, and seven processes of PRINCE2, emphasizing their importance in managing projects effectively.', 'Six Aspects of PRINCE2 Project managers need to control six aspects or variables of a project: cost, timescales, quality, scope, risks, and benefits. These aspects are crucial for ensuring that the project remains affordable, adheres to timescales, delivers functional quality, defines clear scope, manages acceptable risks, and achieves the desired return on investment.']}], 'duration': 635.926, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM294321.jpg', 'highlights': ['The course includes 19 lessons, quizzes, and online practice tests to prepare for the exam', 'Introduction to PRINCE2 Methodology emphasizing the need for a systematic approach to manage projects', 'PRINCE2 Methodology Overview including principles, themes, processes, and the project environment', 'Six Aspects of PRINCE2: cost, timescales, quality, scope, risks, and benefits', 'Importance of Project Management Methodology for increasing the success rate of projects']}, {'end': 1355.53, 'segs': [{'end': 959.752, 'src': 'embed', 'start': 931.457, 'weight': 1, 'content': [{'end': 941.282, 'text': 'As per PRINCE2, cost, timescales, quality, scope, risks and benefits are the six aspects of any project that need to be controlled.', 'start': 931.457, 'duration': 9.825}, {'end': 951.407, 'text': 'The PRINCE2 is a project management methodology that includes four integrated elements of principles, themes, processes and the project environment.', 'start': 942.103, 'duration': 9.304}, {'end': 959.752, 'text': 'Hello and welcome to PRINCE2 Foundation Certification Course offered by Simply Learn.', 'start': 954.669, 'duration': 5.083}], 'summary': 'Prince2 methodology includes 6 aspects and 4 integrated elements for project management.', 'duration': 28.295, 'max_score': 931.457, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM931457.jpg'}, {'end': 1044.162, 'src': 'embed', 'start': 1013.298, 'weight': 3, 'content': [{'end': 1015.179, 'text': 'Defined roles and responsibilities.', 'start': 1013.298, 'duration': 1.881}, {'end': 1017.062, 'text': 'Manage by stages.', 'start': 1016.061, 'duration': 1.001}, {'end': 1018.803, 'text': 'Manage by exception.', 'start': 1017.822, 'duration': 0.981}, {'end': 1022.766, 'text': 'Focus on products and tailor to suit the project environment.', 'start': 1019.564, 'duration': 3.202}, {'end': 1029.191, 'text': 'In the next screen, we will discuss the first principle, which is continued business justification.', 'start': 1023.767, 'duration': 5.424}, {'end': 1036.016, 'text': 'Let us discuss the first principle of PRINCE2, that is, continued business justification.', 'start': 1030.592, 'duration': 5.424}, {'end': 1040.378, 'text': 'A PRINCE2 project must have continued business justification.', 'start': 1037.097, 'duration': 3.281}, {'end': 1044.162, 'text': 'There should be a justifiable reason to start a project.', 'start': 1041.098, 'duration': 3.064}], 'summary': 'Prince2 emphasizes continued business justification for project initiation.', 'duration': 30.864, 'max_score': 1013.298, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM1013298.jpg'}, {'end': 1161.927, 'src': 'embed', 'start': 1083.589, 'weight': 0, 'content': [{'end': 1091.233, 'text': 'The new system will process orders 50% faster, leading to an increase in customer satisfaction by at least 20%.', 'start': 1083.589, 'duration': 7.644}, {'end': 1097.757, 'text': 'In this example, there is a justification why the current system should be changed.', 'start': 1091.233, 'duration': 6.524}, {'end': 1107.89, 'text': 'The justification is that the new system will process orders faster and make customer happier, leading to a possible increase in repeat of orders.', 'start': 1098.646, 'duration': 9.244}, {'end': 1115.953, 'text': 'This justification should remain valid throughout the life of the project and should be documented and approved.', 'start': 1109.27, 'duration': 6.683}, {'end': 1121.795, 'text': 'Although the justification should remain valid, it may change or evolve.', 'start': 1117.193, 'duration': 4.602}, {'end': 1130.101, 'text': 'This project is part of the nationwide program being implemented by the pizza chain to promote greater automation,', 'start': 1122.756, 'duration': 7.345}, {'end': 1134.644, 'text': 'leading to lesser dependence on brick and mortar stores for increase in sales.', 'start': 1130.101, 'duration': 4.543}, {'end': 1141.909, 'text': 'For a PRINCE2 project, the justification should be approved and documented in a business case.', 'start': 1136.005, 'duration': 5.904}, {'end': 1148.539, 'text': 'The justification should drive the decision of continuing the project throughout the project lifecycle.', 'start': 1142.776, 'duration': 5.763}, {'end': 1155.884, 'text': 'So, the first principle of Prince 2 says that every project should have a continued business justification.', 'start': 1149.5, 'duration': 6.384}, {'end': 1161.927, 'text': 'If, for whatever reason, the project is no longer justified, it should be stopped.', 'start': 1156.924, 'duration': 5.003}], 'summary': 'New system processes orders 50% faster, increasing customer satisfaction by at least 20%, part of nationwide program for greater automation.', 'duration': 78.338, 'max_score': 1083.589, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM1083589.jpg'}, {'end': 1237.477, 'src': 'embed', 'start': 1189.704, 'weight': 5, 'content': [{'end': 1194.967, 'text': 'Lessons are sought, recorded and acted upon throughout the life of the project.', 'start': 1189.704, 'duration': 5.263}, {'end': 1205.47, 'text': 'Learning can be from historical data based on previous similar projects in the same organization or from a different organization but in the same industry.', 'start': 1196.004, 'duration': 9.466}, {'end': 1212.774, 'text': 'Learning from experience happens as the project progresses, which means learning is a continuous process.', 'start': 1206.831, 'duration': 5.943}, {'end': 1216.076, 'text': 'Lessons are included in reports and reviews.', 'start': 1213.675, 'duration': 2.401}, {'end': 1223.281, 'text': 'Learning from experience happens as the project closes, which means the project passes on the lessons learned.', 'start': 1217.337, 'duration': 5.944}, {'end': 1229.936, 'text': 'It is the responsibility of everyone involved with the project to proactively seek the lessons learned.', 'start': 1224.335, 'duration': 5.601}, {'end': 1237.477, 'text': 'For example, a Japanese bank is to provide partial funding of an infrastructure project in a developing country.', 'start': 1230.916, 'duration': 6.561}], 'summary': 'Continuous learning from project experiences is crucial; lessons are included in reports and reviews. for instance, a japanese bank is to fund an infrastructure project in a developing country.', 'duration': 47.773, 'max_score': 1189.704, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM1189704.jpg'}, {'end': 1355.53, 'src': 'heatmap', 'start': 1238.478, 'weight': 0.793, 'content': [{'end': 1246.039, 'text': 'However, they want an assurance from the local government as a similar project in the past had faced local labour problems.', 'start': 1238.478, 'duration': 7.561}, {'end': 1251.08, 'text': 'The next principle we will discuss is defined roles and responsibilities.', 'start': 1247.159, 'duration': 3.921}, {'end': 1259.047, 'text': 'Let us discuss the third principle of PRINCE2, that is, defined roles and responsibilities.', 'start': 1253.584, 'duration': 5.463}, {'end': 1268.473, 'text': 'A PRINCE2 project has defined and agreed upon roles and responsibilities within an organisation structure that engages the business,', 'start': 1259.988, 'duration': 8.485}, {'end': 1270.835, 'text': 'user and supplier stakeholder interests.', 'start': 1268.473, 'duration': 2.362}, {'end': 1280.541, 'text': 'A project is typically cross-functional, may involve more than one organisation, and may involve a mixture of full-time and part-time resources.', 'start': 1272.035, 'duration': 8.506}, {'end': 1283.21, 'text': 'To be successful,', 'start': 1281.53, 'duration': 1.68}, {'end': 1296.414, 'text': 'projects must have an explicit project management team structure consisting of defined and agreed upon roles and responsibilities for the people involved in the project and a means for effective communication between them.', 'start': 1283.21, 'duration': 13.204}, {'end': 1302.036, 'text': 'As seen in the image on the screen, all projects have the following primary stakeholders.', 'start': 1297.414, 'duration': 4.622}, {'end': 1309.958, 'text': 'Business sponsors are those who endorse the objectives and ensure that the business investment provides value for money.', 'start': 1303.336, 'duration': 6.622}, {'end': 1316.31, 'text': 'Users are those who will use the products which enables them to gain the intended benefits.', 'start': 1311.187, 'duration': 5.123}, {'end': 1322.213, 'text': 'Suppliers are those who provide the resources and expertise required to make the product.', 'start': 1317.431, 'duration': 4.782}, {'end': 1328.777, 'text': 'Suppliers may be internal or external to the organisation where project is being implemented.', 'start': 1323.014, 'duration': 5.763}, {'end': 1336.702, 'text': 'Let us discuss the next principle of PRINCE2, that is, Manage by Stages.', 'start': 1331.859, 'duration': 4.843}, {'end': 1343.841, 'text': 'If the work is broken in small manageable chunks, then it becomes easy to deliver the product.', 'start': 1337.717, 'duration': 6.124}, {'end': 1352.888, 'text': 'PRINCE2 also suggests that the work be divided in multiple logical stages, which helps in better management of the project work,', 'start': 1345.102, 'duration': 7.786}, {'end': 1355.53, 'text': 'and these stages are called management stages.', 'start': 1352.888, 'duration': 2.642}], 'summary': 'Prince2 project involves defined roles and responsibilities for successful cross-functional projects with explicit project management team structure.', 'duration': 117.052, 'max_score': 1238.478, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM1238478.jpg'}, {'end': 1283.21, 'src': 'embed', 'start': 1259.988, 'weight': 7, 'content': [{'end': 1268.473, 'text': 'A PRINCE2 project has defined and agreed upon roles and responsibilities within an organisation structure that engages the business,', 'start': 1259.988, 'duration': 8.485}, {'end': 1270.835, 'text': 'user and supplier stakeholder interests.', 'start': 1268.473, 'duration': 2.362}, {'end': 1280.541, 'text': 'A project is typically cross-functional, may involve more than one organisation, and may involve a mixture of full-time and part-time resources.', 'start': 1272.035, 'duration': 8.506}, {'end': 1283.21, 'text': 'To be successful,', 'start': 1281.53, 'duration': 1.68}], 'summary': 'Prince2 project has clear roles in cross-functional teams for success.', 'duration': 23.222, 'max_score': 1259.988, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM1259988.jpg'}], 'start': 931.457, 'title': 'Prince2 methodology principles', 'summary': 'Explains the six aspects to be controlled in a project, the four integrated elements of prince2, and the seven principles of prince2 methodology, with a focus on continued business justification, and discusses the need to upgrade the order processing system due to an increase in sales and users, with the new system expected to process orders 50% faster, leading to at least a 20% increase in customer satisfaction, as part of a nationwide program to promote greater automation and reduced dependence on brick and mortar stores, as well as the prince2 principles of lessons learned, defined roles and responsibilities, and managing by stages for effective project management.', 'chapters': [{'end': 1062.239, 'start': 931.457, 'title': 'Prince2 methodology principles', 'summary': 'Explains the prince2 methodology principles, including the six aspects to be controlled in a project, the four integrated elements of prince2, and the seven principles of prince2 methodology, with a focus on continued business justification.', 'duration': 130.782, 'highlights': ['The six aspects of any project that need to be controlled are cost, timescales, quality, scope, risks, and benefits. These six aspects are crucial for project management and need to be effectively controlled for successful project execution.', 'PRINCE2 is a project management methodology that includes four integrated elements of principles, themes, processes, and the project environment. The four integrated elements of PRINCE2 provide a comprehensive approach to project management, ensuring effective planning and execution.', 'The seven principles of PRINCE2 methodology are continued business justification, learning from experience, defined roles and responsibilities, managing by stages, managing by exception, focusing on products, and tailoring to suit the project environment. These principles form the foundation of PRINCE2 methodology and guide project management practices to achieve successful outcomes.', 'The first principle of PRINCE2 is continued business justification, which emphasizes the need for a justifiable reason to start a project. This principle ensures that projects are initiated with valid business reasons, promoting effective resource allocation and investment.']}, {'end': 1216.076, 'start': 1063.16, 'title': 'Upgrade order processing system', 'summary': 'Highlights the need to upgrade the order processing system due to an increase in sales and users, with the new system expected to process orders 50% faster, leading to at least a 20% increase in customer satisfaction, as part of a nationwide program to promote greater automation and reduced dependence on brick and mortar stores.', 'duration': 152.916, 'highlights': ['The new system will process orders 50% faster, leading to an increase in customer satisfaction by at least 20%.', 'The project is part of a nationwide program to promote greater automation, leading to lesser dependence on brick and mortar stores for increase in sales.', 'Lessons are sought, recorded and acted upon throughout the life of the project, and learning is a continuous process.', 'The number of customers has gone up in the last couple of years, and most of the customers complained about the slow speed of the system, indicating a need for system upgrade.', 'For a PRINCE2 project, the justification should be approved and documented in a business case, and it should drive the decision of continuing the project throughout the project lifecycle.']}, {'end': 1355.53, 'start': 1217.337, 'title': 'Prince2 principles: lessons learned, defined roles, and manage by stages', 'summary': 'Discusses the prince2 principles of lessons learned, defined roles and responsibilities, and managing by stages, emphasizing the importance of seeking lessons learned, having defined roles and responsibilities, and breaking the work into manageable stages for effective project management.', 'duration': 138.193, 'highlights': ['The responsibility of everyone involved with the project to proactively seek the lessons learned.', 'A PRINCE2 project has defined and agreed upon roles and responsibilities within an organisation structure that engages the business, user and supplier stakeholder interests.', 'If the work is broken in small manageable chunks, then it becomes easy to deliver the product.']}], 'duration': 424.073, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM931457.jpg', 'highlights': ['The new system will process orders 50% faster, leading to an increase in customer satisfaction by at least 20%.', 'The six aspects of any project that need to be controlled are cost, timescales, quality, scope, risks, and benefits.', 'PRINCE2 is a project management methodology that includes four integrated elements of principles, themes, processes, and the project environment.', 'The seven principles of PRINCE2 methodology are continued business justification, learning from experience, defined roles and responsibilities, managing by stages, managing by exception, focusing on products, and tailoring to suit the project environment.', 'The project is part of a nationwide program to promote greater automation, leading to lesser dependence on brick and mortar stores for increase in sales.', 'Lessons are sought, recorded and acted upon throughout the life of the project, and learning is a continuous process.', 'The responsibility of everyone involved with the project to proactively seek the lessons learned.', 'A PRINCE2 project has defined and agreed upon roles and responsibilities within an organisation structure that engages the business, user and supplier stakeholder interests.', 'For a PRINCE2 project, the justification should be approved and documented in a business case, and it should drive the decision of continuing the project throughout the project lifecycle.']}, {'end': 2475.509, 'segs': [{'end': 1385.576, 'src': 'embed', 'start': 1356.85, 'weight': 0, 'content': [{'end': 1361.714, 'text': 'A PRINCE2 project is planned, monitored and controlled on a stage-by-stage basis.', 'start': 1356.85, 'duration': 4.864}, {'end': 1369.908, 'text': 'The steps followed to produce the specialist product of the project are dependent on the technology, domain and industry.', 'start': 1362.964, 'duration': 6.944}, {'end': 1377.512, 'text': 'For example, the technical requirements of constructing a bridge and for producing a cola bottle are different.', 'start': 1370.888, 'duration': 6.624}, {'end': 1385.576, 'text': 'However, the production is carried out in phases and is driven by the technical aspect of the finished product.', 'start': 1378.652, 'duration': 6.924}], 'summary': 'Prince2 project is managed stage-by-stage; production varies based on technology, domain, and industry.', 'duration': 28.726, 'max_score': 1356.85, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM1356850.jpg'}, {'end': 1515.589, 'src': 'heatmap', 'start': 1399.715, 'weight': 0.779, 'content': [{'end': 1405.118, 'text': 'Shorter stages offer more control, while longer stages reduce the burden on senior management.', 'start': 1399.715, 'duration': 5.403}, {'end': 1414.962, 'text': 'Stages are to be planned, delegated, monitored and controlled according to the business priority, risk and complexity involved.', 'start': 1406.078, 'duration': 8.884}, {'end': 1421.995, 'text': 'Management stages provide senior management with control points at major intervals throughout the project.', 'start': 1416.331, 'duration': 5.664}, {'end': 1426.699, 'text': "At the end of each stage, the project's status should be assessed.", 'start': 1422.936, 'duration': 3.763}, {'end': 1432.464, 'text': 'The business case and plans should be reviewed to ensure that the project remains viable.', 'start': 1427.64, 'duration': 4.824}, {'end': 1438.008, 'text': 'We will look at the next principle, which is Manage by Exception, in the next screen.', 'start': 1433.584, 'duration': 4.424}, {'end': 1447.102, 'text': 'A PRINCE2 project has defined tolerances for each project objective to establish limits of delegated authority.', 'start': 1440.376, 'duration': 6.726}, {'end': 1451.165, 'text': 'Every PRINCE2 project has four levels of management.', 'start': 1448.283, 'duration': 2.882}, {'end': 1455.028, 'text': 'The first level is called corporate or program management.', 'start': 1452.006, 'duration': 3.022}, {'end': 1462.715, 'text': 'This is the senior management level that decides to take on the project and it defines the project level tolerances.', 'start': 1456.009, 'duration': 6.706}, {'end': 1473.328, 'text': 'Corporate or program management can lay down a rule saying that if the project cost is expected to exceed 5% of the original project cost,', 'start': 1463.766, 'duration': 9.562}, {'end': 1477.949, 'text': 'it must be brought to its notice and approved to continue with the project.', 'start': 1473.328, 'duration': 4.621}, {'end': 1487.991, 'text': 'The corporate or program management appoints an executive whose responsibility is to get the project executed as per the tolerances defined by them.', 'start': 1479.229, 'duration': 8.762}, {'end': 1491.33, 'text': 'The executive is a part of project board.', 'start': 1488.968, 'duration': 2.362}, {'end': 1497.415, 'text': 'Along with executive, the project board also has representation from user and supplier.', 'start': 1492.03, 'duration': 5.385}, {'end': 1501.017, 'text': 'Project board is the second level of organization.', 'start': 1498.495, 'duration': 2.522}, {'end': 1506.462, 'text': 'It is responsible for providing overall direction and management to the project.', 'start': 1501.858, 'duration': 4.604}, {'end': 1515.589, 'text': 'The project board appoints project manager to take care of day-to-day management of the project within the constraints set by the project board.', 'start': 1507.522, 'duration': 8.067}], 'summary': 'Prince2 projects have defined tolerances and four levels of management, including corporate/program management, project board, executive, user, and supplier representation.', 'duration': 115.874, 'max_score': 1399.715, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM1399715.jpg'}, {'end': 1462.715, 'src': 'embed', 'start': 1433.584, 'weight': 1, 'content': [{'end': 1438.008, 'text': 'We will look at the next principle, which is Manage by Exception, in the next screen.', 'start': 1433.584, 'duration': 4.424}, {'end': 1447.102, 'text': 'A PRINCE2 project has defined tolerances for each project objective to establish limits of delegated authority.', 'start': 1440.376, 'duration': 6.726}, {'end': 1451.165, 'text': 'Every PRINCE2 project has four levels of management.', 'start': 1448.283, 'duration': 2.882}, {'end': 1455.028, 'text': 'The first level is called corporate or program management.', 'start': 1452.006, 'duration': 3.022}, {'end': 1462.715, 'text': 'This is the senior management level that decides to take on the project and it defines the project level tolerances.', 'start': 1456.009, 'duration': 6.706}], 'summary': 'Prince2 projects have defined tolerances for objectives, with four levels of management.', 'duration': 29.131, 'max_score': 1433.584, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM1433584.jpg'}, {'end': 1646.944, 'src': 'embed', 'start': 1623.055, 'weight': 4, 'content': [{'end': 1634.579, 'text': 'The accountability is established by delegating authority from one management level to the next by setting tolerances against six objectives for the respective level of the plan.', 'start': 1623.055, 'duration': 11.524}, {'end': 1646.944, 'text': 'According to PRINCE2, the project manager controls six aspects of the project and they are time, cost, scope, benefits, risks and quality.', 'start': 1635.8, 'duration': 11.144}], 'summary': 'Prince2 project manager controls 6 project aspects and sets tolerances for accountability.', 'duration': 23.889, 'max_score': 1623.055, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM1623055.jpg'}, {'end': 1835.072, 'src': 'heatmap', 'start': 1718.264, 'weight': 0.863, 'content': [{'end': 1727.666, 'text': 'By setting up controls, if those tolerances are forecast to be exceeded, they are immediately referred to the next management layer for a decision.', 'start': 1718.264, 'duration': 9.402}, {'end': 1737.022, 'text': 'This ensures that the senior management time is used aptly and right decision is made by people at a right level at the right time.', 'start': 1728.8, 'duration': 8.222}, {'end': 1743.424, 'text': 'Now we will consider the next principle, which is focus on products.', 'start': 1739.483, 'duration': 3.941}, {'end': 1751.005, 'text': 'A PRINCE2 project focuses on the definition and delivery of products, in particular their quality requirements.', 'start': 1744.564, 'duration': 6.441}, {'end': 1756.907, 'text': 'The document that captures the details of each product is called a product description.', 'start': 1752.026, 'duration': 4.881}, {'end': 1767.817, 'text': "The product description includes each product's purpose, composition, derivation, format, quality criteria and quality method.", 'start': 1758.148, 'duration': 9.669}, {'end': 1777.725, 'text': 'The product description is used to estimate efforts, determine resource requirements, determine dependencies and determine schedule of the activities.', 'start': 1768.817, 'duration': 8.908}, {'end': 1789.154, 'text': 'Without a product focus, Projects are exposed to several major risks, such as acceptance dispute, uncontrolled change or scope creep,', 'start': 1778.946, 'duration': 10.208}, {'end': 1793.857, 'text': 'user dissatisfaction and underestimation of acceptance activities.', 'start': 1789.154, 'duration': 4.703}, {'end': 1801.363, 'text': 'According to PRINCE2, a successful project is output-oriented, not activity-oriented.', 'start': 1795.278, 'duration': 6.085}, {'end': 1812.375, 'text': "Output-oriented project means the project agrees upon and defines the project's product prior to undertaking the activities required to produce them.", 'start': 1802.412, 'duration': 9.963}, {'end': 1821.718, 'text': 'Let us now discuss the last principle of PRINCE2, that is, tailor to suit the project environment.', 'start': 1815.416, 'duration': 6.302}, {'end': 1827.44, 'text': 'PRINCE2 is a generalized methodology that can be applied to any industry.', 'start': 1822.879, 'duration': 4.561}, {'end': 1835.072, 'text': "It is tailored to suit the project's environment, size, complexity, importance, capability and risk.", 'start': 1828.089, 'duration': 6.983}], 'summary': 'Prince2 emphasizes on controls, product focus, and tailoring to suit project environment.', 'duration': 116.808, 'max_score': 1718.264, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM1718264.jpg'}, {'end': 1767.817, 'src': 'embed', 'start': 1739.483, 'weight': 5, 'content': [{'end': 1743.424, 'text': 'Now we will consider the next principle, which is focus on products.', 'start': 1739.483, 'duration': 3.941}, {'end': 1751.005, 'text': 'A PRINCE2 project focuses on the definition and delivery of products, in particular their quality requirements.', 'start': 1744.564, 'duration': 6.441}, {'end': 1756.907, 'text': 'The document that captures the details of each product is called a product description.', 'start': 1752.026, 'duration': 4.881}, {'end': 1767.817, 'text': "The product description includes each product's purpose, composition, derivation, format, quality criteria and quality method.", 'start': 1758.148, 'duration': 9.669}], 'summary': 'Prince2 projects focus on product definition and delivery, including quality requirements and detailed product descriptions.', 'duration': 28.334, 'max_score': 1739.483, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM1739483.jpg'}, {'end': 1958.149, 'src': 'embed', 'start': 1928.499, 'weight': 3, 'content': [{'end': 1935.661, 'text': 'A PRINCE2 project has defined tolerances for each project objective to establish limits of delegated authority.', 'start': 1928.499, 'duration': 7.162}, {'end': 1943.103, 'text': 'A PRINCE2 project focuses on the definition and delivery of products, in particular, their quality requirements.', 'start': 1936.741, 'duration': 6.362}, {'end': 1951.046, 'text': "PRINCE2 is tailored to suit the project's environment, size, complexity, importance, capability and risk.", 'start': 1944.204, 'duration': 6.842}, {'end': 1958.149, 'text': 'Hello and welcome to PRINCE2 Foundation Certification Course offered by Simply Learn.', 'start': 1953.207, 'duration': 4.942}], 'summary': 'Prince2 sets tolerances, focuses on product quality, and is tailored to suit project environment.', 'duration': 29.65, 'max_score': 1928.499, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM1928499.jpg'}, {'end': 2279.324, 'src': 'embed', 'start': 2224.079, 'weight': 6, 'content': [{'end': 2227.54, 'text': 'Let us look at the purpose of business case in the following screen.', 'start': 2224.079, 'duration': 3.461}, {'end': 2237.625, 'text': 'The purpose of the business case theme is to establish mechanisms to judge whether the project is and remains desirable.', 'start': 2230.121, 'duration': 7.504}, {'end': 2245.21, 'text': 'viable and achievable as a means to support decision-making in its continued investment.', 'start': 2238.427, 'duration': 6.783}, {'end': 2253.093, 'text': 'In other words, the aim of business case is to ensure that working on the project is justified,', 'start': 2246.41, 'duration': 6.683}, {'end': 2260.737, 'text': 'spending money on the project is justified and resulting output of the project will be worth the investment and associated risks.', 'start': 2253.093, 'duration': 7.644}, {'end': 2271.176, 'text': 'At any point, if it is realized that resulting output of the project is not beneficial enough and not as per the plan, project work should be stopped.', 'start': 2261.627, 'duration': 9.549}, {'end': 2279.324, 'text': 'That is the reason why in the definition it states project is and remains desirable, viable and achievable.', 'start': 2271.897, 'duration': 7.427}], 'summary': 'Business case ensures project viability, justifies investment, and supports decision-making.', 'duration': 55.245, 'max_score': 2224.079, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM2224079.jpg'}, {'end': 2340.26, 'src': 'embed', 'start': 2307.128, 'weight': 8, 'content': [{'end': 2309.429, 'text': 'Buyable means that the project is practical.', 'start': 2307.128, 'duration': 2.301}, {'end': 2316.293, 'text': 'A project is practical only if the output that the project intends to deliver can actually be delivered.', 'start': 2310.09, 'duration': 6.203}, {'end': 2319.054, 'text': 'In other words, project is realistic.', 'start': 2317.033, 'duration': 2.021}, {'end': 2323.537, 'text': 'Achievable means the product can deliver the benefits.', 'start': 2320.535, 'duration': 3.002}, {'end': 2329.88, 'text': 'Every project is started with some intended benefits and the current project should deliver those benefits.', 'start': 2324.297, 'duration': 5.583}, {'end': 2340.26, 'text': 'In a business case scenario, user or users is responsible for specifying the benefits and subsequently realizing it,', 'start': 2331.252, 'duration': 9.008}], 'summary': 'Buyable and achievable projects deliver practical and realistic benefits to users.', 'duration': 33.132, 'max_score': 2307.128, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM2307128.jpg'}, {'end': 2481.17, 'src': 'embed', 'start': 2453.025, 'weight': 2, 'content': [{'end': 2455.066, 'text': 'Let us look at these terms individually.', 'start': 2453.025, 'duration': 2.041}, {'end': 2462.165, 'text': "A project's output is any of the project's specialist products, whether tangible or intangible.", 'start': 2456.144, 'duration': 6.021}, {'end': 2471.488, 'text': "If the aim of the project is to develop a new sales information system that captures all sales-related data of a company's customer,", 'start': 2463.046, 'duration': 8.442}, {'end': 2475.509, 'text': 'then sales information system is the output of the project.', 'start': 2471.488, 'duration': 4.021}, {'end': 2481.17, 'text': "An outcome is the result of the change derived using the project's output.", 'start': 2476.709, 'duration': 4.461}], 'summary': 'Project output is the specialist product, while outcome is the result of the change.', 'duration': 28.145, 'max_score': 2453.025, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM2453025.jpg'}], 'start': 1356.85, 'title': 'Prince2 project management', 'summary': 'Explains the stage-by-stage planning, monitoring, and control of prince2 projects, with a focus on management stages, defined tolerances, and four levels of management. it also covers prince2 themes overview, emphasizing efficient use of senior management time, setting tolerances for project objectives, focusing on product definition and delivery, and tailoring the methodology. additionally, it details the importance of the business case theme in prince2 methodology, covering its purpose, key elements, and ongoing viability testing, emphasizing the need for justifying project investment and ensuring benefits realization.', 'chapters': [{'end': 1554.08, 'start': 1356.85, 'title': 'Prince2 project management', 'summary': 'Explains the stage-by-stage planning, monitoring, and control of prince2 projects, with a focus on management stages, defined tolerances, and four levels of management.', 'duration': 197.23, 'highlights': ['PRINCE2 projects are planned, monitored, and controlled on a stage-by-stage basis with a minimum of two management stages, providing control points at major intervals throughout the project. PRINCE2 projects follow stage-by-stage planning, monitoring, and control, with a minimum of two management stages, offering control points at major intervals.', 'Defined tolerances for each project objective establish limits of delegated authority, with corporate or program management setting project level tolerances and appointing an executive responsible for project execution. Tolerances for project objectives set limits of delegated authority, with corporate or program management defining project level tolerances and appointing an executive for project execution.', 'PRINCE2 projects involve four levels of management: corporate/program management, project board, project manager, and team managers, each with specific responsibilities and authority. PRINCE2 projects have four levels of management: corporate/program management, project board, project manager, and team managers, each with specific responsibilities.']}, {'end': 2128.529, 'start': 1554.921, 'title': 'Prince2 themes overview', 'summary': 'Discusses the principles of prince2, emphasizing the efficient use of senior management time, setting tolerances for project objectives, focusing on product definition and delivery, and tailoring the methodology to suit the project environment.', 'duration': 573.608, 'highlights': ['PRINCE2 emphasizes the efficient use of senior management time by delegating authority, setting tolerances against six project objectives, and involving the next management level only if tolerances are forecast to be exceeded. Delegating authority, setting tolerances against six project objectives, and involving the next management level only if tolerances are forecast to be exceeded ensures the efficient use of senior management time.', 'The project manager controls six aspects of the project: time, cost, scope, benefits, risks, and quality, with controls set at each level of management for these parameters. The project manager controls six aspects of the project: time, cost, scope, benefits, risks, and quality, with controls set at each level of management for these parameters.', 'A PRINCE2 project focuses on the definition and delivery of products, particularly their quality requirements, using product descriptions to estimate efforts, determine resource requirements, dependencies, and activity schedules. A PRINCE2 project focuses on the definition and delivery of products, particularly their quality requirements, using product descriptions to estimate efforts, determine resource requirements, dependencies, and activity schedules.', "PRINCE2 is tailored to suit the project's environment, size, complexity, importance, capability, and risk, and the tailoring aspect is documented in the Project Initiation Documentation (PEED). PRINCE2 is tailored to suit the project's environment, size, complexity, importance, capability, and risk, and the tailoring aspect is documented in the Project Initiation Documentation (PEED)."]}, {'end': 2475.509, 'start': 2129.249, 'title': 'Prince2 business case theme', 'summary': 'Explains the importance of the business case theme in prince2 methodology, covering its purpose, key elements, and ongoing viability testing, emphasizing the need for justifying project investment and ensuring benefits realization.', 'duration': 346.26, 'highlights': ["The purpose of the business case theme is to establish mechanisms to judge whether the project is and remains desirable, viable and achievable as a means to support decision-making in its continued investment, ensuring justified project work and spending money. The business case theme aims to ensure that project work and spending are justified by establishing mechanisms to judge the project's ongoing desirability, viability, and achievability.", "Desirable, viable, and achievable elements of the business case ensure that cost, benefits, and risks balance out, the project is practical and the intended benefits can be delivered respectively. The desirable, viable, and achievable elements of the business case ensure that the project's cost, benefits, and risks balance out, the project is practical, and the intended benefits can be delivered.", "The business case, providing ongoing viability testing, is not static and should be actively maintained throughout the project's life, continually updated with current information on costs, timescales, risks, and benefits. The business case, providing ongoing viability testing, should be actively maintained and continually updated with current information on costs, timescales, risks, and benefits throughout the project's life.", "Project output, outcomes, and benefits are defined, with the output being the project's specialist products while the benefits are the measurable improvements resulting from implementing the project. The project output, outcomes, and benefits are defined, with the output being the project's specialist products and the benefits being the measurable improvements resulting from implementing the project."]}], 'duration': 1118.659, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM1356850.jpg', 'highlights': ['PRINCE2 projects are planned, monitored, and controlled on a stage-by-stage basis with a minimum of two management stages, providing control points at major intervals throughout the project.', 'Defined tolerances for each project objective establish limits of delegated authority, with corporate or program management setting project level tolerances and appointing an executive responsible for project execution.', 'PRINCE2 projects involve four levels of management: corporate/program management, project board, project manager, and team managers, each with specific responsibilities and authority.', 'PRINCE2 emphasizes the efficient use of senior management time by delegating authority, setting tolerances against six project objectives, and involving the next management level only if tolerances are forecast to be exceeded.', 'The project manager controls six aspects of the project: time, cost, scope, benefits, risks, and quality, with controls set at each level of management for these parameters.', 'A PRINCE2 project focuses on the definition and delivery of products, particularly their quality requirements, using product descriptions to estimate efforts, determine resource requirements, dependencies, and activity schedules.', 'The purpose of the business case theme is to establish mechanisms to judge whether the project is and remains desirable, viable and achievable as a means to support decision-making in its continued investment, ensuring justified project work and spending money.', 'Desirable, viable, and achievable elements of the business case ensure that cost, benefits, and risks balance out, the project is practical, and the intended benefits can be delivered.', "The business case, providing ongoing viability testing, is not static and should be actively maintained throughout the project's life, continually updated with current information on costs, timescales, risks, and benefits.", "Project output, outcomes, and benefits are defined, with the output being the project's specialist products and the benefits being the measurable improvements resulting from implementing the project."]}, {'end': 3117.718, 'segs': [{'end': 2586.358, 'src': 'embed', 'start': 2559.323, 'weight': 1, 'content': [{'end': 2564.885, 'text': 'In the next screen, we will discuss the relationship between outputs, outcomes and benefits.', 'start': 2559.323, 'duration': 5.562}, {'end': 2575.007, 'text': 'In the image on the screen, the relationship between outputs, outcomes and benefits have been represented in a graphical form.', 'start': 2567.265, 'duration': 7.742}, {'end': 2578.265, 'text': 'This benefit is opposite of benefits.', 'start': 2576.121, 'duration': 2.144}, {'end': 2582.051, 'text': 'It can be considered as a negative impact of the project.', 'start': 2578.906, 'duration': 3.145}, {'end': 2586.358, 'text': "Let's understand what benefits review plan is in the next screen.", 'start': 2582.712, 'duration': 3.646}], 'summary': 'Exploring the relationship between outputs, outcomes, and benefits with a graphical representation, considering negative impacts and introducing benefits review plan.', 'duration': 27.035, 'max_score': 2559.323, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM2559323.jpg'}, {'end': 2699.108, 'src': 'embed', 'start': 2670.441, 'weight': 8, 'content': [{'end': 2674.704, 'text': 'In the next screen, we will discuss the business case for different types of projects.', 'start': 2670.441, 'duration': 4.263}, {'end': 2680.294, 'text': 'The nature of the project will determine the objectives,', 'start': 2677.332, 'duration': 2.962}, {'end': 2686.939, 'text': "to verify the desirability of the project and later to confirm the project's products have met those objectives.", 'start': 2680.294, 'duration': 6.645}, {'end': 2694.085, 'text': 'If a private company takes up a commercial project, the benefits are always measured in financial terms.', 'start': 2688.22, 'duration': 5.865}, {'end': 2699.108, 'text': 'This might not be the case of a project undertaken by a government agency.', 'start': 2695.025, 'duration': 4.083}], 'summary': 'Discussing business case for project types, with focus on private company benefits.', 'duration': 28.667, 'max_score': 2670.441, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM2670441.jpg'}, {'end': 2776.167, 'src': 'embed', 'start': 2725.602, 'weight': 3, 'content': [{'end': 2729.645, 'text': 'Some of these projects may be measured principally on return on investment.', 'start': 2725.602, 'duration': 4.043}, {'end': 2736.979, 'text': 'However, others like the not-for-profit projects may be measured on other non-financial benefits.', 'start': 2730.472, 'duration': 6.507}, {'end': 2745.749, 'text': "Regardless of the type of measure, it's important to ensure that project is and remains desirable, viable and achievable.", 'start': 2738.1, 'duration': 7.649}, {'end': 2750.674, 'text': 'In the following screen, we will learn about the PRINCE2 approach to business case.', 'start': 2746.489, 'duration': 4.185}, {'end': 2763.759, 'text': 'Continued business justification is ensured by assuring the justification of the project when starting and also re-verifying this at the end of every stage.', 'start': 2753.652, 'duration': 10.107}, {'end': 2767.942, 'text': 'Prince 2 advocates the project be managed in stages.', 'start': 2764.559, 'duration': 3.383}, {'end': 2776.167, 'text': 'In Prince 2, the business case is developed at the beginning of the project and maintained throughout the life of the project,', 'start': 2768.602, 'duration': 7.565}], 'summary': 'Projects are measured by roi or non-financial benefits. prince2 ensures continued business justification and manages projects in stages.', 'duration': 50.565, 'max_score': 2725.602, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM2725602.jpg'}, {'end': 2852.766, 'src': 'embed', 'start': 2823.166, 'weight': 0, 'content': [{'end': 2829.072, 'text': 'Finally, an assessment of whether the planned benefits have been or will be realized is made.', 'start': 2823.166, 'duration': 5.906}, {'end': 2836.099, 'text': 'Important point to note here is that confirming benefits may take place post-project.', 'start': 2830.113, 'duration': 5.986}, {'end': 2840.883, 'text': 'That is, all or most benefits may be realized post-project.', 'start': 2836.819, 'duration': 4.064}, {'end': 2845.608, 'text': 'Let us find out how to develop the business case in the following screen.', 'start': 2842.024, 'duration': 3.584}, {'end': 2852.766, 'text': 'In PRINCE2, the executive is responsible for the business case.', 'start': 2849.085, 'duration': 3.681}], 'summary': 'Prince2 emphasizes post-project benefits realization for the business case.', 'duration': 29.6, 'max_score': 2823.166, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM2823166.jpg'}, {'end': 2898.855, 'src': 'embed', 'start': 2874.696, 'weight': 4, 'content': [{'end': 2884.063, 'text': 'Executive may delegate the development of the business case to a business analyst or to the project manager or take assistance from Project Assurance.', 'start': 2874.696, 'duration': 9.367}, {'end': 2890.788, 'text': 'As seen in the image on the screen, the development of the business case is a two-stage process.', 'start': 2885.424, 'duration': 5.364}, {'end': 2898.855, 'text': 'The outline business case is derived from project mandate and developed pre-project in starting up a project process.', 'start': 2891.549, 'duration': 7.306}], 'summary': 'Development of business case delegated to analyst or manager. two-stage process: outline business case derived from project mandate.', 'duration': 24.159, 'max_score': 2874.696, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM2874696.jpg'}, {'end': 3021.664, 'src': 'embed', 'start': 2993.416, 'weight': 6, 'content': [{'end': 2999.079, 'text': 'For example, in case of exception, business case needs to be reviewed.', 'start': 2993.416, 'duration': 5.663}, {'end': 3008.003, 'text': 'Business case is also referred by the project manager while assessing impact of any change, issue or risks.', 'start': 3000.059, 'duration': 7.944}, {'end': 3017.581, 'text': "It's the project manager who updates the business case with actual cost, time and benefits data at the end of each stage.", 'start': 3009.013, 'duration': 8.568}, {'end': 3021.664, 'text': 'In the next screen, we will discuss the content of a business case.', 'start': 3018.281, 'duration': 3.383}], 'summary': 'Project manager updates business case with cost, time, and benefits data at each stage.', 'duration': 28.248, 'max_score': 2993.416, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM2993416.jpg'}], 'start': 2476.709, 'title': 'Project outcomes and business justification in prince2', 'summary': "Covers the concepts of project outcomes and benefits, citing examples of cost reduction, increased sales order volume, and revenue growth from implementing new systems. it also stresses the significance of continuous business justification in prince2, emphasizing the development and maintenance of a business case throughout the project life, with formal verification by the project board, and the responsibility of the executive in assuring stakeholders of the project's desirability, viability, and achievability.", 'chapters': [{'end': 2750.674, 'start': 2476.709, 'title': 'Project outputs, outcomes, and benefits', 'summary': 'Explains the concepts of project outcomes and benefits, with examples of how implementing a sales information system and a new erp system led to measurable improvements such as cost reduction, increased sales order volume, and revenue growth, and also discusses the importance of a benefits review plan in measuring and realizing project benefits.', 'duration': 273.965, 'highlights': ['The implementation of the sales information system led to capturing sales orders more quickly and accurately, resulting in a 10% reduction in costs associated with capturing sales orders and a 15% increase in sales order volume. The sales information system implementation resulted in a 10% reduction in costs associated with capturing sales orders and a 15% increase in sales order volume.', 'The new ERP system installation for the HR department led to faster application and approval of leaves, resulting in a 5% increase in employee productivity and a 7.5% increase in employee satisfaction levels. The new ERP system installation led to a 5% increase in employee productivity and a 7.5% increase in employee satisfaction levels.', 'The revenue increased by 10% annually due to better sales after the implementation of the sales information system and the new ERP system, showcasing the tangible financial benefits of the projects. The revenue increased by 10% annually due to better sales after the implementation of the sales information system and the new ERP system.', "The importance of a benefits review plan (BRP) in measuring and realizing project benefits is emphasized, with the plan defining how and when the achievement of the project's benefits will be measured and updated at the end of each stage. The benefits review plan (BRP) is essential in measuring and realizing project benefits, defining how and when the achievement of the project's benefits will be measured and updated at the end of each stage.", 'Different types of projects, such as commercial, government, and not-for-profit projects, have varying measures for benefits, with commercial projects typically measured in financial terms and not-for-profit projects measured on non-financial benefits. Different types of projects have varying measures for benefits, with commercial projects typically measured in financial terms and not-for-profit projects measured on non-financial benefits.']}, {'end': 3117.718, 'start': 2753.652, 'title': 'Business justification in prince2', 'summary': "Emphasizes the importance of continuous business justification in prince2, advocating for the development and maintenance of a business case throughout the project life, with formal verification by the project board, and highlights the responsibility of the executive in assuring the project's stakeholders of its desirability, viability, and achievability.", 'duration': 364.066, 'highlights': ['The business case is developed at the beginning of the project and maintained throughout the life of the project, being formally verified by the project board and confirmed throughout the period that the benefits occur. Emphasizes the importance of developing and maintaining the business case throughout the project, with formal verification by the project board.', 'At the end of each stage of the project, the project board needs to verify to make sure the project is desirable, viable and achievable as per the business case. Stresses the need for project board verification at the end of each stage to ensure project alignment with the business case.', "The responsibility of developing the business case is with the executive, who may delegate this task to a business analyst or project manager. Clarifies the executive's responsibility for developing the business case and the possibility of delegation to other roles.", 'The outline business case is derived from project mandate and developed pre-project in starting up a project process, and its approval by the project board is required to initiate the project. Explains the process of deriving the outline business case and the need for project board approval to initiate the project.', "The business case should list each benefit that it claimed would be achieved by the project's outcome in quantifiable terms, ensuring the measurement and proof of the benefits. Underlines the necessity of listing and quantifying project benefits to enable their measurement and verification."]}], 'duration': 641.009, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM2476709.jpg', 'highlights': ['The implementation of the sales information system led to a 10% reduction in costs associated with capturing sales orders and a 15% increase in sales order volume.', 'The new ERP system installation for the HR department resulted in a 5% increase in employee productivity and a 7.5% increase in employee satisfaction levels.', 'The revenue increased by 10% annually due to better sales after the implementation of the sales information system and the new ERP system.', "The benefits review plan (BRP) is essential in measuring and realizing project benefits, defining how and when the achievement of the project's benefits will be measured and updated at the end of each stage.", 'Different types of projects have varying measures for benefits, with commercial projects typically measured in financial terms and not-for-profit projects measured on non-financial benefits.', 'The business case is developed at the beginning of the project and maintained throughout the life of the project, being formally verified by the project board and confirmed throughout the period that the benefits occur.', 'At the end of each stage of the project, the project board needs to verify to make sure the project is desirable, viable and achievable as per the business case.', "The business case should list each benefit that it claimed would be achieved by the project's outcome in quantifiable terms, ensuring the measurement and proof of the benefits.", 'The responsibility of developing the business case is with the executive, who may delegate this task to a business analyst or project manager.', 'The outline business case is derived from project mandate and developed pre-project in starting up a project process, and its approval by the project board is required to initiate the project.']}, {'end': 3787.188, 'segs': [{'end': 3277.879, 'src': 'embed', 'start': 3189.772, 'weight': 0, 'content': [{'end': 3194.737, 'text': 'operations and maintenance costs against the value of the benefits over time.', 'start': 3189.772, 'duration': 4.965}, {'end': 3200.342, 'text': 'In the following screen, we will look at the different responsibilities in a business case.', 'start': 3196.118, 'duration': 4.224}, {'end': 3206.669, 'text': 'The table on the screen lists the responsibilities of different roles in business case.', 'start': 3202.304, 'duration': 4.365}, {'end': 3210.922, 'text': 'The corporate or program management provides the project mandate,', 'start': 3207.639, 'duration': 3.283}, {'end': 3215.847, 'text': 'and it should also define the standards to which the business case needs to be developed.', 'start': 3210.922, 'duration': 4.925}, {'end': 3219.931, 'text': 'The executive is responsible for the business case during the project.', 'start': 3216.508, 'duration': 3.423}, {'end': 3226.818, 'text': 'The senior users are responsible for specifying the benefits upon which the business case is approved.', 'start': 3220.732, 'duration': 6.086}, {'end': 3231.483, 'text': 'The corporate is also responsible for the post-project benefits review plan.', 'start': 3227.679, 'duration': 3.804}, {'end': 3239.062, 'text': 'Senior supplier confirms that the products required can be delivered within the expected costs and are viable.', 'start': 3232.699, 'duration': 6.363}, {'end': 3244.264, 'text': 'Executive is responsible for the business case or the duration of the project.', 'start': 3239.922, 'duration': 4.342}, {'end': 3251.777, 'text': 'Another responsibility of executive is the benefits review plan for the duration of the project,', 'start': 3245.154, 'duration': 6.623}, {'end': 3255.278, 'text': 'unless it is being managed by corporate or program management.', 'start': 3251.777, 'duration': 3.501}, {'end': 3260.28, 'text': 'Executive also oversees the development of a viable business case,', 'start': 3256.038, 'duration': 4.242}, {'end': 3265.542, 'text': 'ensuring that the project is aligned with corporate strategies and secure the funding for the project.', 'start': 3260.28, 'duration': 5.262}, {'end': 3272.814, 'text': 'The senior user is responsible for specifying the benefits upon which the business case is approved.', 'start': 3266.769, 'duration': 6.045}, {'end': 3277.879, 'text': 'Senior user ensures the desired outcomes of the project is specified.', 'start': 3273.595, 'duration': 4.284}], 'summary': 'Roles in business case: corporate provides mandate, executive oversees benefits, senior users specify benefits.', 'duration': 88.107, 'max_score': 3189.772, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM3189772.jpg'}, {'end': 3439.359, 'src': 'embed', 'start': 3393.802, 'weight': 2, 'content': [{'end': 3401.672, 'text': 'Project support should advise the project manager of any proposed or actual changes to products that affect the business case.', 'start': 3393.802, 'duration': 7.87}, {'end': 3407.599, 'text': 'Let us move on to the quiz questions to check your understanding of the concepts covered in this lesson.', 'start': 3402.533, 'duration': 5.066}, {'end': 3414.073, 'text': 'Here is a quick recap of what we have learned in this lesson.', 'start': 3411.172, 'duration': 2.901}, {'end': 3424.915, 'text': 'The business case presents the optimum mix of information used to judge whether the project is and remains desirable, viable and achievable,', 'start': 3415.093, 'duration': 9.822}, {'end': 3426.976, 'text': 'and therefore worthwhile investing in.', 'start': 3424.915, 'duration': 2.061}, {'end': 3432.817, 'text': 'The senior user specifies the benefits and is accountable for the benefits realization.', 'start': 3427.956, 'duration': 4.861}, {'end': 3439.359, 'text': 'Development of the business case may be delegated to a business analyst or a project manager.', 'start': 3433.958, 'duration': 5.401}], 'summary': 'Project support advises on changes to products. business case specifies benefits and is accountable for benefits realization.', 'duration': 45.557, 'max_score': 3393.802, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM3393802.jpg'}, {'end': 3492.751, 'src': 'embed', 'start': 3467.128, 'weight': 1, 'content': [{'end': 3472.271, 'text': 'This theme is based primarily on the principal defined roles and responsibilities.', 'start': 3467.128, 'duration': 5.143}, {'end': 3476.474, 'text': 'Let us discuss the objectives of this lesson in the next screen.', 'start': 3473.212, 'duration': 3.262}, {'end': 3485.92, 'text': 'After completing this lesson, you will be able to define key terms in organization theme.', 'start': 3480.136, 'duration': 5.784}, {'end': 3488.462, 'text': 'explain the PRINCE2 approach to organization theme.', 'start': 3485.92, 'duration': 2.542}, {'end': 3492.751, 'text': 'identify the roles and responsibilities in an organization theme.', 'start': 3489.389, 'duration': 3.362}], 'summary': 'Lesson focuses on defining key terms and prince2 approach to organization theme, and identifying roles and responsibilities.', 'duration': 25.623, 'max_score': 3467.128, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM3467128.jpg'}], 'start': 3118.399, 'title': 'Importance of business case and prince2 organization theme', 'summary': "Emphasizes the significance of a business case in project management, detailing expected disbenefits, timeframes, cost summaries, risks, investment appraisals, and responsibilities. it also discusses roles and responsibilities in managing the business case, highlighting senior user's accountability for benefits realization and emphasizing the importance of defined roles and responsibilities within the prince2 organization theme, including the three primary stakeholder categories: business, user, and supplier.", 'chapters': [{'end': 3255.278, 'start': 3118.399, 'title': 'Business case development', 'summary': 'Explains the importance of a business case in project management, detailing the expected disbenefits, timeframes, cost summaries, risks, investment appraisals, and responsibilities of various roles in the business case development.', 'duration': 136.879, 'highlights': ['The business case includes the timeframes. The business case incorporates timeframes for project cost incurrence and benefit accrual.', 'The costs should also include details of the ongoing operations and maintenance costs and their funding arrangements. The business case should detail ongoing operations and maintenance costs along with funding arrangements.', 'The corporate or program management provides the project mandate, and it should also define the standards to which the business case needs to be developed. Corporate or program management establishes project standards and provides the project mandate for business case development.', 'Senior supplier confirms that the products required can be delivered within the expected costs and are viable. Senior suppliers validate the viability of delivering required products within expected costs.', "The staff needs to undergo two days' extensive training, and hence there will be a delay in activities that they were supposed to do on those training days. Implementation of a new sales information system necessitates two days' extensive training for staff, resulting in delayed activities."]}, {'end': 3439.359, 'start': 3256.038, 'title': 'Project business case and accountability', 'summary': "Discusses the roles and responsibilities in developing and managing the business case, emphasizing the importance of senior user's accountability for benefits realization and the constant reassessment of the value for money solution.", 'duration': 183.321, 'highlights': ['The senior user is accountable for specifying the benefits and ensuring benefits realization, with responsibilities including providing actual versus forecast benefits statement at benefits reviews and specifying desired project outcomes.', "The project manager is responsible for preparing and updating the business case, conducting impact analysis, and assessing project performance at closure, while also being tasked with assessing changes that affect the project's desirability, viability, or achievability.", 'Project Assurance plays a crucial role in verifying and monitoring the business case against external events and project progress, ensuring alignment with program or corporate strategy, and reviewing the impact assessment of potential changes on the business case and project plan.', "The business case presents crucial information to assess the project's desirability, viability, and achievability, with the development and management of the business case potentially delegated to a business analyst or project manager."]}, {'end': 3787.188, 'start': 3441.181, 'title': 'Prince2 organization theme', 'summary': 'Explores the organization theme of prince2, emphasizing the importance of defined roles and responsibilities, including the three primary stakeholder categories: business, user, and supplier.', 'duration': 346.007, 'highlights': ["The purpose of organization theme is to define and establish the project's structure of accountabilities and responsibilities. The purpose of the organization theme is to establish the project's structure of accountabilities and responsibilities.", 'PRINCE2 defines a project as a temporary organization that is created for the purpose of delivering one or more business products according to an agreed business case. PRINCE2 defines a project as a temporary organization created to deliver business products based on an agreed business case.', 'The project should also provide value for money, representing the business interest viewpoint, the user viewpoint, and the supplier viewpoint. The project should provide value for money, considering the business, user, and supplier viewpoints.']}], 'duration': 668.789, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM3118399.jpg', 'highlights': ['The senior user is accountable for specifying the benefits and ensuring benefits realization.', 'The business case includes the timeframes for project cost incurrence and benefit accrual.', 'The costs should detail ongoing operations and maintenance costs along with funding arrangements.', "The purpose of the organization theme is to establish the project's structure of accountabilities and responsibilities.", 'The project manager is responsible for preparing and updating the business case and conducting impact analysis.', 'Senior suppliers validate the viability of delivering required products within expected costs.', 'Project Assurance plays a crucial role in verifying and monitoring the business case against external events and project progress.', 'The project should provide value for money, considering the business, user, and supplier viewpoints.', 'The corporate or program management establishes project standards and provides the project mandate for business case development.', 'PRINCE2 defines a project as a temporary organization created to deliver business products based on an agreed business case.']}, {'end': 4758.549, 'segs': [{'end': 3949.411, 'src': 'embed', 'start': 3919.94, 'weight': 3, 'content': [{'end': 3925.042, 'text': 'A project management team structure allows for channels of communication to decision-making forums.', 'start': 3919.94, 'duration': 5.102}, {'end': 3928.384, 'text': 'PRINCE2 suggests that the skills,', 'start': 3926.323, 'duration': 2.061}, {'end': 3936.066, 'text': 'knowledge and experience required for all roles in the project organisation should be described for effective project management,', 'start': 3928.384, 'duration': 7.682}, {'end': 3938.367, 'text': 'along with the roles and responsibilities.', 'start': 3936.066, 'duration': 2.301}, {'end': 3943.609, 'text': 'the reporting structure and authorities for various activities should also be defined.', 'start': 3938.367, 'duration': 5.242}, {'end': 3949.411, 'text': 'PRINCE2 also gives the guidelines on which roles can be combined, if needed.', 'start': 3944.829, 'duration': 4.582}], 'summary': 'Prince2 emphasizes defining roles, responsibilities, and reporting structures for effective project management.', 'duration': 29.471, 'max_score': 3919.94, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM3919940.jpg'}, {'end': 4003.296, 'src': 'embed', 'start': 3970.996, 'weight': 1, 'content': [{'end': 3976.777, 'text': 'Also, the project manager and project board decision-making accountability cannot be delegated.', 'start': 3970.996, 'duration': 5.781}, {'end': 3981.508, 'text': 'Let us discuss all the roles depicted in this diagram in detail.', 'start': 3977.967, 'duration': 3.541}, {'end': 3988.451, 'text': 'From the Foundation Exam Prince 2 perspective, you should understand the roles and responsibilities clearly.', 'start': 3982.509, 'duration': 5.942}, {'end': 3993.392, 'text': 'In the next screen, we will discuss the first role, which is Executive.', 'start': 3989.351, 'duration': 4.041}, {'end': 4003.296, 'text': "The Executive is appointed by Corporate or Programme Management and eventually is responsible for the project's success.", 'start': 3996.253, 'duration': 7.043}], 'summary': "Project manager and project board decision-making cannot be delegated. foundation exam prince 2 emphasizes understanding clear roles and responsibilities, such as the executive's responsibility for project success.", 'duration': 32.3, 'max_score': 3970.996, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM3970996.jpg'}, {'end': 4067.93, 'src': 'embed', 'start': 4045.645, 'weight': 0, 'content': [{'end': 4054.428, 'text': 'directing a project process and appointing the Executive and the Project Manager in the pre-project starting up a project process.', 'start': 4045.645, 'duration': 8.783}, {'end': 4061.03, 'text': 'The Project Manager is responsible for liaison with Project Assurance and Project Board.', 'start': 4055.908, 'duration': 5.122}, {'end': 4067.93, 'text': 'A project manager will need to send the highlights report which reports the progress of the stage to the project board.', 'start': 4061.906, 'duration': 6.024}], 'summary': 'Project manager oversees progress and reports to board.', 'duration': 22.285, 'max_score': 4045.645, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM4045645.jpg'}, {'end': 4738.865, 'src': 'embed', 'start': 4711.224, 'weight': 8, 'content': [{'end': 4716.105, 'text': "In the next screen, we'll find out how projects fit into the overall corporate organization.", 'start': 4711.224, 'duration': 4.881}, {'end': 4721.341, 'text': 'There are usually two structures in a corporate organization.', 'start': 4718.22, 'duration': 3.121}, {'end': 4724.982, 'text': 'The first is line management or functional management.', 'start': 4722.141, 'duration': 2.841}, {'end': 4726.643, 'text': 'In this setup,', 'start': 4725.763, 'duration': 0.88}, {'end': 4735.146, 'text': 'project managers can find difficulties when managing cross-functional projects due to the disagreement on overall leadership from various groups.', 'start': 4726.643, 'duration': 8.503}, {'end': 4738.865, 'text': 'The second structure is Centre of Excellence Concept.', 'start': 4736.104, 'duration': 2.761}], 'summary': 'Corporate organizations usually have two structures: line management and centre of excellence concept, which can pose challenges for project managers in managing cross-functional projects.', 'duration': 27.641, 'max_score': 4711.224, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM4711224.jpg'}], 'start': 3788.309, 'title': 'Prince2 project management', 'summary': 'Explains prince2 project management structure, outlining four levels of management, project team structure, and roles and responsibilities of the executive, project manager, senior user, and project board. it also discusses project board roles, characteristics, authority, and responsibilities, as well as the roles of change authority, team manager, and project support in managing project changes and team management.', 'chapters': [{'end': 4250.999, 'start': 3788.309, 'title': 'Prince2 project management structure', 'summary': 'Explains the prince2 approach to project management, outlining the four levels of management, the project management team structure, and the roles and responsibilities of the executive, project manager, senior user, and project board.', 'duration': 462.69, 'highlights': ["PRINCE2 separates the direction and management of the project from the delivery of the project's output, with four levels of management: corporate or program management, directing, managing, and delivering. None", 'The project management team has a strong structure, allowing for effective communication and defined roles, responsibilities, reporting structure, and authorities for various activities. None', "The executive, responsible for the project's success and the business case, appoints the project management team, including the project manager. None", 'The project manager is responsible for the day-to-day management of the project, liaison with Project Assurance and Project Board, and sending progress reports to the project board. None', 'The senior user specifies the needs of the users, commits the user resources, and is responsible for demonstrating the realization of benefits. None', 'The project board, consisting of executive, senior supplier or suppliers, and senior user or users, has authority and responsibility for the project, facilitating integration of the project management team with external organizations. None']}, {'end': 4415.906, 'start': 4252.1, 'title': 'Project board and assurance', 'summary': 'Discusses the roles and characteristics of a project board, including the importance of authority, credibility, ability to delegate, and availability, as well as the responsibilities and limitations of the project assurance team.', 'duration': 163.806, 'highlights': ['The project board should be senior enough to make strategic decisions about the project. The members of the project board must have seniority within the corporate organization to effectively make strategic decisions about the project.', 'The credibility of the project board members within the corporate organization will affect their ability to direct the project. The credibility of the project board members in the corporate organization significantly impacts their capability to provide direction for the project.', 'The project assurance team members are not decision makers; ultimate decision-making power rests with the project board. The project assurance team members do not have decision-making authority, as the ultimate decision-making power is vested in the project board.', 'The project assurance team can review, advise, and monitor the project work. The project assurance team has the responsibility to review, advise, and monitor the project work to ensure its alignment with standards and best practices.', "The project board should not assign any project assurance roles to the project manager, as they monitor all aspects of the project's performance and products independently of the project manager. The project board must refrain from assigning project assurance roles to the project manager, as the assurance team operates independently to monitor all aspects of the project's performance and products."]}, {'end': 4758.549, 'start': 4417.148, 'title': 'Change authority and project team roles', 'summary': 'Discusses the roles of change authority, team manager, and project support in prince2, emphasizing the responsibilities and delegation of authority in managing project changes and team management.', 'duration': 341.401, 'highlights': ['The project board may wish to delegate some authority for approving or rejecting requests for change or off specifications. Emphasizing the authority delegation for approving or rejecting change requests by the project board.', "The team manager's primary responsibility is to ensure production of those products allocated by the project manager. Highlighting the primary responsibility of the team manager to ensure the production of allocated products.", 'Project support defaults to the project manager if it is not otherwise allocated. Emphasizing the default allocation of project support to the project manager if not assigned elsewhere.', 'The second structure is Centre of Excellence Concept, consisting of a central standards unit which defines standards and provides skills, training, and independent assurance functions to projects. Describing the Centre of Excellence Concept, providing standards and support to projects.']}], 'duration': 970.24, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM3788309.jpg', 'highlights': ['PRINCE2 separates project direction and management from delivery, with four levels of management', 'Project management team has a strong structure, defining roles, responsibilities, and authorities', 'Executive appoints project management team, including project manager, responsible for day-to-day management', 'Project board, consisting of executive, senior supplier, and senior user, has authority and responsibility for the project', 'Senior user specifies user needs, commits resources, and demonstrates benefits realization', 'Project board should be senior enough to make strategic decisions about the project', 'Project assurance team members do not have decision-making authority, ultimate power rests with project board', 'Project assurance team reviews, advises, and monitors project work to ensure alignment with standards', 'Project board may delegate authority for approving or rejecting change requests', "Team manager's primary responsibility is to ensure production of allocated products"]}, {'end': 5370.274, 'segs': [{'end': 4814.507, 'src': 'embed', 'start': 4786.104, 'weight': 0, 'content': [{'end': 4794.791, 'text': 'These groups or individuals are the ones who can support or oppose the project, who gain or lose as a result of the project delivery,', 'start': 4786.104, 'duration': 8.687}, {'end': 4799.455, 'text': 'or the ones who consider project as a threat or enhancement to their position.', 'start': 4794.791, 'duration': 4.664}, {'end': 4804.719, 'text': 'There are active supporters or blockers for the project and its progress.', 'start': 4800.456, 'duration': 4.263}, {'end': 4814.507, 'text': 'A project manager should perform the stakeholder analysis to understand the stakeholder engagement and find the information needs of the stakeholders.', 'start': 4806.22, 'duration': 8.287}], 'summary': 'Stakeholder analysis is crucial to identify project supporters and blockers.', 'duration': 28.403, 'max_score': 4786.104, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM4786104.jpg'}, {'end': 5172.258, 'src': 'embed', 'start': 5126.007, 'weight': 1, 'content': [{'end': 5133.81, 'text': 'Strategy is an approach designed to achieve a long-term aim, which can exist at the corporate, programme and project levels.', 'start': 5126.007, 'duration': 7.803}, {'end': 5143.929, 'text': 'In PRINCE2, the communication management strategy describes the means and frequency of communication to all internal and external stakeholders.', 'start': 5135.222, 'duration': 8.707}, {'end': 5150.514, 'text': 'It facilitates controlled and bidirectional flow of information between the stakeholders.', 'start': 5144.65, 'duration': 5.864}, {'end': 5161.003, 'text': 'The strategy includes communication procedure, communication method, to be used and may specify the tools that need to be used for communication.', 'start': 5151.895, 'duration': 9.108}, {'end': 5166.934, 'text': 'The strategy also includes information needs for each interested party.', 'start': 5162.23, 'duration': 4.704}, {'end': 5172.258, 'text': 'The project manager is responsible for documenting the communication management strategy.', 'start': 5167.734, 'duration': 4.524}], 'summary': "Prince2 defines communication management strategy for stakeholders' communication.", 'duration': 46.251, 'max_score': 5126.007, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM5126007.jpg'}, {'end': 5270.884, 'src': 'embed', 'start': 5245.677, 'weight': 5, 'content': [{'end': 5254.587, 'text': 'He also confirms the appointments to the project management team and the structure of the project management team and approves the communication management strategy.', 'start': 5245.677, 'duration': 8.91}, {'end': 5263.416, 'text': 'The senior user is responsible for providing user resources and defining and verifying user requirements and expectations,', 'start': 5255.167, 'duration': 8.249}, {'end': 5265.158, 'text': "as well as the project's benefits.", 'start': 5263.416, 'duration': 1.742}, {'end': 5270.884, 'text': "The senior supplier is responsible for providing supplier resources to make the project's product.", 'start': 5265.879, 'duration': 5.005}], 'summary': 'Appointments to project management team confirmed. senior user defines user requirements and expectations. senior supplier provides supplier resources.', 'duration': 25.207, 'max_score': 5245.677, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM5245677.jpg'}, {'end': 5364.2, 'src': 'embed', 'start': 5330.73, 'weight': 4, 'content': [{'end': 5333.493, 'text': 'Here is a quick recap of what we have learnt in this lesson.', 'start': 5330.73, 'duration': 2.763}, {'end': 5341.115, 'text': "Purpose of the organization theme is to define and establish the project's structure of accountabilities and responsibilities.", 'start': 5334.554, 'duration': 6.561}, {'end': 5350.837, 'text': 'The PRINCE2 principle of defined roles and responsibilities states that a PRINCE2 project will always have three primary categories of stakeholder.', 'start': 5342.236, 'duration': 8.601}, {'end': 5354.398, 'text': 'They are business, user, and supplier.', 'start': 5351.617, 'duration': 2.781}, {'end': 5364.2, 'text': 'The four levels of organization as defined by PRINCE2 are corporate or program management, directing, managing, and delivering.', 'start': 5355.558, 'duration': 8.642}], 'summary': 'Prince2 defines 3 primary stakeholder categories: business, user, and supplier, within 4 levels of organization.', 'duration': 33.47, 'max_score': 5330.73, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM5330730.jpg'}], 'start': 4761.257, 'title': "Stakeholder engagement in prince2 and anz's communication strategy", 'summary': "Elaborates on the importance of stakeholders in project management and outlines a six-step procedure for stakeholder engagement. additionally, it discusses anz's communication strategy, including principles of engagement, stakeholder forums, and measurement of effectiveness, as well as the communication management strategy in prince2, emphasizing its importance in project management and the responsibilities of different roles in the organization theme.", 'chapters': [{'end': 5044.749, 'start': 4761.257, 'title': 'Stakeholder engagement in prince2', 'summary': 'Elaborates on the importance of stakeholders in project management, and outlines a six-step procedure for stakeholder engagement, including identifying stakeholders, analyzing their profiles, defining engagement strategies, planning the timing of engagements, performing activities, and measuring effectiveness.', 'duration': 283.492, 'highlights': ['The importance of stakeholders in project management Understanding the significance of stakeholders and their potential impact on project success.', 'Six-step procedure for stakeholder engagement Outlining the steps for stakeholder engagement, including identifying stakeholders, analyzing their profiles, defining engagement strategies, planning the timing of engagements, performing activities, and measuring effectiveness.', 'Importance of analyzing stakeholder profiles Emphasizing the need to analyze the influences, interests, and attitudes of stakeholders to address their perceptions and potential impact on the project.', "Measuring effectiveness of stakeholders' engagement Highlighting the significance of measuring the benefits of stakeholder engagement activities to assess information needs and communication channels."]}, {'end': 5370.274, 'start': 5044.749, 'title': "Anz's communication strategy", 'summary': "Discusses anz's communication strategy, including principles of engagement, stakeholder forums, and measurement of effectiveness, as well as the communication management strategy in prince2, emphasizing its importance in project management and the responsibilities of different roles in the organization theme.", 'duration': 325.525, 'highlights': ["ANZ's strategy is based on the principles of congruence, consultative, collaborative, creative, communicate and commitment. ANZ's strategy is founded on congruence, consultative, collaborative, creative, communicate, and commitment principles.", 'Approaches include dialogue in the form of stakeholder forums, participation in multi-stakeholder initiatives and meetings, consultation through surveys, focus groups, and online feedback forms, and communication through CS newsletter and website. ANZ employs various approaches, such as stakeholder forums, multi-stakeholder initiatives, surveys, focus groups, online feedback forms, CS newsletter, and website communication.', 'ANZ holds forums for specific stakeholder groups each year, attended by a consistent group of stakeholders, ensuring progress and tracking of issues, along with the identification of new and emerging issues. ANZ conducts annual forums for specific stakeholder groups, ensuring continuity, issue tracking, and identification of new concerns.', 'Measuring effectiveness through Shareholder Review, Annual General Meeting, and engagements with Australian Shareholders Association. ANZ measures effectiveness through Shareholder Review, Annual General Meeting, and engagements with Australian Shareholders Association.', "PRINCE2's communication management strategy emphasizes the means and frequency of communication to internal and external stakeholders, facilitating controlled and bidirectional information flow. PRINCE2's communication management strategy focuses on the means and frequency of communication to internal and external stakeholders, enabling controlled and bidirectional information flow.", 'Responsibilities of different roles in the organization theme include appointing the executive and project manager, providing information as defined in the communication management strategy, and managing day-to-day project activities. Roles in the organization theme involve appointing the executive and project manager, providing information as per the strategy, and managing daily project tasks.']}], 'duration': 609.017, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/bBxeXC8K8lM/pics/bBxeXC8K8lM4761257.jpg', 'highlights': ['Six-step procedure for stakeholder engagement Outlining the steps for stakeholder engagement, including identifying stakeholders, analyzing their profiles, defining engagement strategies, planning the timing of engagements, performing activities, and measuring effectiveness.', 'Importance of stakeholders in project management Understanding the significance of stakeholders and their potential impact on project success.', 'Importance of analyzing stakeholder profiles Emphasizing the need to analyze the influences, interests, and attitudes of stakeholders to address their perceptions and potential impact on the project.', 'Measuring effectiveness through Shareholder Review, Annual General Meeting, and engagements with Australian Shareholders Association. ANZ measures effectiveness through Shareholder Review, Annual General Meeting, and engagements with Australian Shareholders Association.', "PRINCE2's communication management strategy emphasizes the means and frequency of communication to internal and external stakeholders, facilitating controlled and bidirectional information flow.", "ANZ's strategy is based on the principles of congruence, consultative, collaborative, creative, communicate and commitment. ANZ's strategy is founded on congruence, consultative, collaborative, creative, communicate, and commitment principles."]}], 'highlights': ['PRINCE2 practitioner exam: 2.5 hours, 8 questions, 44 or 55% pass mark', 'PRINCE2 foundation exam: 1 hour, 75 questions, 35/70 pass', 'Course objective: understand 7 principles, 7 themes, 7 processes', 'PRINCE2 emphasizes tailoring to project environment', 'Course includes 19 lessons, quizzes, and practice tests', 'PRINCE2: systematic approach to project management', 'PRINCE2: 6 aspects - cost, timescales, quality, scope, risks, benefits', 'New system processes orders 50% faster, increases customer satisfaction by 20%', 'PRINCE2: 7 principles, 7 themes, 7 processes, project environment', 'Lessons sought, recorded, and acted upon throughout project life', 'PRINCE2 project: defined and agreed upon roles and responsibilities', 'PRINCE2 projects planned, monitored, and controlled on a stage-by-stage basis', 'PRINCE2: defined tolerances for project objectives, 4 levels of management', 'PRINCE2: efficient use of senior management time, focus on product definition and delivery', 'Business case theme: establish mechanisms to judge project viability', 'Benefits review plan essential in measuring and realizing project benefits', 'Different projects have varying measures for benefits', 'Senior user accountable for specifying and ensuring benefits realization', "Organization theme: establish project's structure of accountabilities and responsibilities", 'Project manager responsible for preparing and updating business case', 'PRINCE2 defines project as a temporary organization to deliver business products', 'PRINCE2 separates project direction and management from delivery', 'Project management team has a strong structure, defining roles and responsibilities', 'Importance of stakeholder engagement in project management', 'ANZ measures effectiveness through Shareholder Review, Annual General Meeting, and engagements with Australian Shareholders Association', "PRINCE2's communication management strategy emphasizes means and frequency of communication"]}