PRINCE2 – Foundation Exam Exam

Which statement is FALSE regarding the principles of PRINCE2?

1. A project should be managed by a single individual

2. A project should have a customer/supplier environment

3. A project should be aligned with business expectations

4. A project should be planned before execution

The correct answer is: A project should have a customer/supplier environment

The statement regarding the customer/supplier environment in PRINCE2 is true, not false. In PRINCE2, having a clearly defined customer-supplier relationship is essential for successful project management. This principle emphasizes the importance of collaboration between those who deliver the project (the suppliers) and those who receive its outcomes (the customers). This structured relationship ensures that stakeholders' needs and expectations are understood and met throughout the project lifecycle. The statement that a project should be managed by a single individual aligns with PRINCE2 principles, as effective project management typically requires a clear point of accountability. Additionally, planning before execution is a cornerstone of the PRINCE2 methodology, ensuring that projects are delivered efficiently and effectively according to predetermined objectives and risks. Lastly, aligning projects with business expectations is a fundamental principle, as it ensures that the project's outcomes are relevant and beneficial to the organization. Understanding these principles is crucial for successfully applying PRINCE2 methodology in project management contexts.