According to the PRINCE2 manual cited in the transcript, projects fail due to a lack of coordination of resources and activities, a lack of communication with interested parties, poor estimation of duration and costs, inadequate planning of resources, and a lack of quality control.
The eight PRINCE2 processes, as described in the transcript, are: Starting up a project, Initiating a project, Planning, Managing stage boundaries, Controlling a stage, Managing product delivery, and finally, Closing a project.
The PRINCE2 components, as mentioned in the transcript, are: organization, plans, controls, stages, management of risk, quality, configuration, and change control.
The transcript mentions several BS 6079 guides, but doesn't list them all exhaustively. The examples given are: Guide to project management in the construction industry, Guide to project management, Project management vocabulary, and Guide to the management of business-related project risk. The speaker notes that many more exist.
This podcast episode provides a high-level overview of several popular project management methodologies, including PMBOK, PRINCE2, 10STEP, APM BoK, Six Sigma, the Waterfall model, and Agile. The episode also includes announcements, listener feedback, and news items related to project management.