Thursday, December 11, 2014

PID - The PRINCE2 Project Contract

PRINCE2 PIDBefore involving a full team of specialists, spending time on money to develop the project outputs, direction and rules need to be set for the project, and a plan should be approved by the Project Board. This is documented in the Project Initiation Document (PID)

In PRINCE2, the PID forms the contract between the Project Manager and the Project Board. While the Project Brief is just a one-time summary of the suggested project to be approved, the PID is a living document, updated and re-approved at every stage boundary.

Establishing the PID usually takes significant focus and effort, and it is mainly done by the Project Manager, but there is return of investment of this effort later in the project.

You can find a Project Initiation Document (PID) template on the PRINCE2 Templates Page.

Related Articles:
PRINCE2 Project Brief – Scope vs PPD
PowerPoint PRINCE2 Project Brief Template

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