However, he keeps the and Product Descriptions formal because those are critical for a high-risk project.
The principles had worked. Summary Table of the 7 Principles in the Story | Principle | In Story | Key Takeaway | |-----------|----------|----------------| | 1. Continued Business Justification | David updated the Business Case when competitor launched & new tech emerged. | Always ask: Is this still worth doing? | | 2. Learn from Experience | Read Lessons Log from past failed IT project; called Chloe. | Capture and apply lessons from day one. | | 3. Define Roles & Responsibilities | Sarah changed database; David posted RACI chart. | No role ambiguity = no finger-pointing. | | 4. Manage by Stages | Planned in 4 stages; reviewed after each before continuing. | Plan, execute, then re-evaluate at fixed points. | | 5. Manage by Exception | Cost exceeded tolerance; David escalated to Maria for decision. | Senior management sets limits; PM works within them. | | 6. Focus on Products | Used Product Description for Shopping Cart before coding. | Define what you deliver, not just what you do. | | 7. Tailor to Suit | Dropped 26 documents to 1 spreadsheet + stand-ups. | Fit the method to the project, not vice versa. | prince2 7 principles
Maria shows him the data: $500k in lost sales last month due to site crashes. David creates a —a living document showing the project will cost $300k but deliver $2M in benefits over two years. However, he keeps the and Product Descriptions formal
The auditor later commends David: "You followed the spirit of PRINCE2, not just the paperwork." Learn from Experience | Read Lessons Log from
The project must make sense financially and strategically from start to finish. No blind loyalty to a sunk cost. 2. Learn from Experience (Don't Reinvent the Wheel) The Story: On Day 1, David doesn't start planning. He visits the company's "Lessons Log" from a failed IT project three years ago. He reads: "We failed because we didn't test with real customers until the end."
Use PRINCE2 as a toolkit, not a straitjacket. A small website project does not need the same controls as a nuclear power plant. Adjust the method to fit the project size, risk, and team culture. The Ending Six months later, the new platform goes live. It is stable, fast, and within budget. Maria calls David into her office.