|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.
Projects under PRINCE2 are divided into stages, which are logical parts of projects each of which are completed before the next can begin. Controlling a Stage deals with the inputs and outputs of a single stage: construction/receival and issuing of work packages; tracking and reporting progress through the stage; and capturing and acting on issues.
The key activities of this process are explained below.