Wednesday, June 13, 2012

Prince2:2009 - Glossary of Terms

Prince2:2009 - Glossary of Terms

accept (risk response)
A risk response to a threat where a conscious and deliberate

decision is taken to retain the threat, having discerned that it is

more economical to do so than to attempt a risk response action.

The threat should continue to be monitored to ensure that it

remains tolerable.

The formal act of acknowledging that the project has met agreed

acceptance criteria and thereby met the requirements of its


acceptance criteria
A prioritized list of criteria that the project product must meet before

the customer will accept it, i.e. measurable definitions of the

attributes required for the set of products to be acceptable to key


A process, function or task that occurs over time, has recognizable

results and is managed. It is usually defined as part of a process or


agile methods
Principally, software development methods that apply the project

approach of using short time-boxed iterations where products are

incrementally developed. PRINCE2 is compatible with agile


The formal confirmation that a product is complete and meets its

requirements (less any concessions) as defined by its Product


The person or group (e.g. a Project Board) who is identified as

qualified and authorized to approve a (management or specialist)

product as being complete and fit for purpose.

A statement that is taken as being true for the purposes of

planning, but which could change later. An assumption is made

where some facts are not yet known or decided, and is usually

reserved for matters of such significance that, if they change or turn

out not to be true, there will need to be considerable replanning.

All the systematic actions necessary to provide confidence that the

target (system, process, organization, programme, project,

outcome, benefit, capability, product output, deliverable) is

appropriate. Appropriateness might be defined subjectively or

objectively in different circumstances. The implication is that

assurance will have a level of independence from that which is

being assured. See also ‘Project Assurance’ and ‘quality



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