This lesson discusses which tolerances to fix and which to flex when working in an agile environment.
- [Instructor] In PRINCE2 we have six performance variables … that we utilize when we're defining our projects. … These are time, cost, risk, scope, quality, and benefits, … and each of these is going to have … a tolerance assigned to them. … And when we talk about tolerance, … this is something that is an allowable … variation around those target areas. … So, for example, with cost, if I said … I want to do this project for $100,000 with a 10% tolerance … that means that anything between $90,000 and $110,000 … would be considered acceptable, … but if I was going to be below that or above that, … that would become a variation … and we would have to raise an exception up … because our tolerance would be exceed, … either too low or too high. … Now, as we start looking at this, … inside of a traditional project with waterfall development, … the two biggest variables that … we're going to adjust are time and cost. … If I'm building a house, for example, … and I started going over-budget, …
- The principles, themes, and processes covered in PRINCE2®
- What’s agile?
- The basics of the scrum, kanban, and Lean Startup processes
- Blending PRINCE2® and agile
- Principles, themes, and agile
- Managing the seven processes
Skill Level Beginner
Exam Tips: PRINCE2® Foundation and Practitionerwith Claudine Peet32m 49s Intermediate
1. About This Course and the Exam
2. Overview of PRINCE2®
3. Introduction to Agile
4. Blending PRINCE2® and Agile
5. Principles, Themes, and Agile
6. Seven Processes and Agile
What to do next35s
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