|PRINCE2||Pre-Project||Initiation stage||Delivery stages (usually multiple)||Final stage|
|Directing||Starting Up a Project (SU)||Directing a Project (DP)|
|Managing||Managing a Stage Boundary (SB)||Closing a Project (CP)|
|Initiating a Project (IP)||Controlling a Stage (CS)|
|Delivering||Managing Product Delivery (MP)|
Left to right represents time. Top to bottom represents decreasing decision-making power.
- Work Package
- An input or output that is created from a Product Description. A product can be tested, and may be tangible or intangible.
- Product Description
- The description of a product, defining its characteristics, purpose, and quality criteria. Produced as soon as a requirement for a product is agreed upon.