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How are risks managed with PRINCE2 Agile?

Blog   |    21st August 2021   |   Rupali

E-mail is a godsend for PRINCE2 project managers



How does your product cut through a sea of similar products?

How do you handle this risk that most project managers face during the pandemic?

It is important to first recognize this risk to the viability of your PRINCE2 project.

Then, you can find ways and means of dealing with it as your product takes shape.

This blogpost will tell you how.

Key takeaways:

*A product is what you put into it.
*It is important to know what you put into a product.
*Based on this, you can price the product fairly.
*Customers are ready to pay a fair price when they see that you know your product well.
*Courses to ensure your knowledge of project management and risks remains relevant.

On steadily gaining a market during the pandemic

A product is what you put into it. Literally and figuratively.

That affects the final shape of the product.

It is very important to know what you put into the product very well.

More so, when similar products are being viewed by the market continuously.

Because of the pandemic, people have been spending a lot of time online, and have been consuming information at an alarming rate.

When faced with so much choice, how would your product maintain its appeal?

You, as a project manager have to know your product inside out.

That is how you can contribute to a fair price being put onto the product.

When the customers know that your company is walking its talk, and when they know what they are paying for, they are ready to pay the fair price.

And more such customers mean that your PRINCE2 project will meet its business assurance criteria.

An example

Suppose you are a project manager, and have a PRINCE2 project going.

You are creating a product.

Your customer is a leading supplier of the product to the market.

You manage the project hands on, by actively participating and getting to know the product very well.

You then explain the final shape of the product to the customer and explain how the market they are targeting is ready to pay the price they would be charging.

You not only hand over the product to the customer, but also empower them with the necessary subject knowledge, so that they can be seen as a market leader when it comes to your product.

This is how you deal with the risk of facing a market which already knows what they are buying beforehand, by making your product stand out in a sea of information overload.

Knowlathon has been for long, a provider of PRINCE2 trainings.

Not only do you attend a training, but also you can validate your skills by sitting a certification exam.
You then get a PRINCE 2 certificate.

We have several options for you: the PRINCE2 Foundation, PRINCE2 Practitioner, and also a blended course:PRINCE2 Foundation and Practitioner.
If you just want to know the basic tenets of PRINCE2, you may opt for the PRINCE2 Foundation.

If you want to lead projects actively, you may take the PRINCE2 Practitioner course.

Save yourself the time by doing a three day blended PRINCE2 course.

Newer ways of software development led to Agile practices being widely popular.
Given how immensely popular Agile is when resources are strained during times like these, PRINCE2 Agile was written for those who want to speed up development and creation of products.

Now, for you, we have the PRINCE2 Agile route.

Consisting of the same course types as PRINCE2, we must say our three day PRINCE2 Agile Foundation and Practitioner course is well sought after.