PRINCE2 Revealed: Including How to use PRINCE2 for Small Projects

Authorizes project initiation.
Provides liaison with corporate/programme management.
Advises the project manager of any external business events which might impact the project.
Approves stage plans.
Approves stage closure.
Decides on any changes to approved products.
Approves any exception plans.
Gives ad hoc advice and direction throughout the project.
Safeguards the interests of the customer and supplier.
Approves project closure.
Day-to-day management is left to the project manager, but the project board must exercise overall control and take the key decisions.
Checks that adequate terms of reference exist.
Checks and approves the initiation stage plan.
Commits the resources required to carry out the initiation stage work.
The initiation stage confirms that a viable project exists and that everybody concerned agrees what is to be done. Like all project work, the effort to do this needs the approval of the project board.
Confirm the terms of reference, checking if necessary with corporate/programme management.
Check the initiation stage plan and approve it if satisfied.
Agree tolerance margins for the initiation stage.
Agree control and reporting arrangements for the initiation stage.
Commit the resources required by the plan.
Decides whether to proceed with the project or not.
Approves the next stage plan.
The sub-process gives the project board a decision point before major resource commitment to the project.
Confirm that...