Prince2 is broken up into 7 phases, Starting-up a project, directing a project, initiating a project, controlling a stage,managing product delivery, managing stage boundaries, and lastly, closing the project. When starting a new project (also known as Project Mandating), it will be brief essentially only covering what the team needs to do in order to get the process going. While directing a project, they review and evaluate project briefs based on “justification and viability”, and this gets passed along to see whether it is approved or denied. After this is all said and done, we start to initiate the project, which consists of forming a business plan which has, time, cost, quality, scope, risk, and benefits. After the plan is formed the project manager will break down the project so certain teams can be assigned smaller projects, which then looks over the process of work packages and will step in to assist in overcoming roadblocks or any sort of mistake made. The project manager will then make sure the project is progressing thoroughly and according to plan and meeting the projects requirements, at each review the pproject board will then decide if it’s a good idea to continue on or not. When the project is all said and done, the project manager then wraps up the rest of the documentation, outcomes and reports.





Reference : https://www.wrike.com/blog/project-management-basics-prince2-explained/