Project Management/PRINCE2/Glossary
PRINCE2
| 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.
- Issue
 - Work Package
 - Product
 - 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.
 - Project