Terminology is important for PRINCE2, to ensure a smooth running project you must make sure all project members understand these terms and are able to use them fluidly. Communication is key in any Project - recognising the same terms is part of good communication.

Business

One of the 3 project interests - represented by the Executive role to ensure the project gives value for money and meets the business need.

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Components

Components are applied within the appropriate activities (processes).

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Configuration Management

Product control: to identify, track and protect a project's products, also tells the Project Manager where a product is, what is its status and who is working on it.

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Follow-on Action Recommendations

A report to be used as input for future Business Case/Project Mandate of subsequent projects Documents any unfinished business, such as Requests for Change that were not implemented.

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Programme

A portfolio of projects selected, planned and managed in a co-ordinated way and that together achieve a set of defined business objectives.

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Project Assurance

The Project Board's responsibilities to assure itself that the project is being conducted correctly.

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Project Closure Notification

Advice from the Project Board to inform the host location that the project resources and support services can be disbanded.

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Project Controls

Ensures that the project is producing the required products and remains viable.

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Project Filing Structure (Techniques)

Ensures that all administration documents are ordered in a logical manner enabling quick retrieval and update.

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Project Issue

Matters with positive or negative effects on the project that must be addressed.

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Risk

Events that may occur, affecting the outcome of the project.

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Quality Management System

The process, including standards, procedures and responsibilities, to ensure quality expectations by the client are achieved.

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Supplier

One of the 3 project interests - supplies the necessary skills to create the end product, using in-house and external teams.

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User

One of the 3 project interests - The person or group who will use the final deliverable(s) of the project.

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