Each PRINCE2 project should include the 7 principles, and if even one of these principles is missing from the project, it cannot be considered a PRINCE2 Project.
The core principles can be defined as: a framework of good project practice for those involved in a project.
From a PRINCE2 point of view, a Principle is a core value that must always exist in a PRINCE2 project. To sum it up, think of principles as guides for good practice. There are seven principles below:
- Continued business justification, the project should be beneficial, and stay so.
- Learn from experience, we are not supposed to reinvent the wheel.
- Define roles and responsibilities,each person should know what others expect from them, and what they can expect from others.
- Manage by stages, project should be broken down into stages, and planned/executed/controlled accordingly.
- Manage by exception, there should be a well-formed system for delegation and escalation.
- Focus on products, rather than on activities.
- Tailor to suit the project environment, using PRINCE2 out of the box without paying attention to the project environment will not succeed.