PRINCE2® provides two types of progress control throughout the life of a project:
Event-driven controlsTake place when a specific event occurs.
This could be, for example, the end of a stage, the completion of the Project Initiation Documentation or the creation of an Exception Report.
It could also include organizational events that might affect the project, such as the end of the financial year.
Take place at predefined periodic intervals.
This could be, for example, producing monthly Highlight Reports for the Project Board or weekly Checkpoint Reports showing the progress of a Work Package.
Monitoring and reporting requires a time-based approach, whereas control (decision making) is an event-based activity.
The following sections describe the management products that are used to establish and execute event-driven and time-driven controls.
PRINCE2® is a Registered Trade Mark of the Office of Government Commerce in the United Kingdom and other countries.