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Hit the ground running with prince2
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PRINCE2: recap PRINCE2 is used to deliver successful projects all over the world. PRINCE2 is truly tailorable. It can be Agile / Lean / Waterfall. It can be used for any project, no matter how big or small. *PRINCE Research Report published by AXELOS
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I want to use PRINCE2 to run my next project. What do I do?
PRINCE2: getting started PRINCE2: getting started I want to use PRINCE2 to run my next project. What do I do? *PRINCE Research Report published by AXELOS
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Mandate: “we need an initiative which will break us into new markets”
PRINCE2: getting started PRINCE2: getting started Mandate: “we need an initiative which will break us into new markets” We are an events company, specializing in small-medium local music events A colleague has pitched an idea…
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The Canuck Truck Food Festival!
PRINCE2: getting started The Canuck Truck Food Festival!
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PRINCE2: getting started
Great idea! Let’s go!
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Is this project worth doing?
Wait but… Is this project worth doing?
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Starting Up a Project Starting Up a Project
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Should we do this Project?
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2 1 3 Project Definition WHAT are we proposing to do
WHY are we proposing to do this 1 3 HOW will we do it
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WHY are we proposing to do this
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The Project Brief The Project Brief Outline Business Case
Executive summary Reasons Business options Expected benefits Timescale Costs
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The Project Brief Reasons Break into lucrative food festival markets
Grow revenue for the business Create a repeat revenue stream Expand the brand into new areas Create stronger brand affinity and awareness
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The Project Brief Expected benefits
New revenue: est. $300K in first year from initial analysis 10% increase in brand awareness in Ottawa region (against benchmark survey) New database of vendors and sponsors Replicable event: new and repeat revenue potential
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Project Definition WHAT are we proposing to do 2
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The Project Brief Project Objectives
Design, launch and run a successful single-day food festival event in Ottawa Establish a recognised food festival brand, that is associated with our parent company Ensure the festival can be repeated efficiently, in the future
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The Project Brief Project Objectives
Design, launch and run a successful single-day food festival event in Ottawa Establish a recognised food festival brand, that is associated with our parent company Ensure the festival can be repeated efficiently, in the future
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Desired Outcomes: “Successful Day”
The Project Brief Desired Outcomes: “Successful Day” Revenue from tickets, sponsorships and vendor spaces: >$300K 30% ROI (rev – costs / costs) Attendance at event >85% of maximum capacity Feedback survey to attendees after event receives >3.7/5 average rating
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The Project Brief Users
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The Project Brief Users “Foodies” in Ottawa and surrounding area
Tourists Local people who enjoy festivals (our existing user database) Vendors (Food trucks; Restaurant pop-ups) Sponsors (Restaurants paying for advertising; large pitches) Media / bloggers
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3 HOW will we do it
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The Project Brief Project Approach Do we do it ourselves?
Do we outsource all or part to other agencies? Do we partner with an existing food events agency?
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Project Definition WHAT are we proposing to do WHY are we proposing to do this HOW will we do it
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Starting Up a Project (SU)
Creation of the Project Board
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Starting Up a Project The Senior User represents the interests of all those who will use the project’s products. They must demonstrate that the forecast benefits… have in fact been realized. This role often involves a commitment beyond the end of the life of the project.
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Outline business case The Project Board The Project Brief
Starting Up a Project (SU) Starting Up a Project Outline business case The Project Board The Project Brief
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Starting Up a Project (SU)
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Initiating a Project
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Initiating a Project (IP)
The PID
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The PID Initiating a Project Initiating a Project (IP)
“The purpose of the PID is to define the project, in order to form the basis for its management and an assessment of its overall success. The PID gives the direction and scope of the project and (along with the stage plan) forms the ‘contract’ between the project manager and the project board.”
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The PID Initiating a Project The Project Brief Risk management
Communication management Project plan
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The PID Initiating a Project Initiating a Project (IP)
________________________ Signature
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Success!
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Q & A
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