Covenant and PRINCE2: Difference between pages

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#A formal legal agreement to take, or not to take, certain actions.
''Project management''.
#In loan documentation, a promise given by the borrower to take, or not to take, specified actions relevant to the borrower's creditworthiness.<ref>http://www.treasurers.org/node/8842</ref>  For example, a ''financial covenant'' to maintain a minimum ratio of net worth to debt.
#In relation to pension funds, the credit strength of the sponsoring employer and its commitment to the pension fund.


'''PR'''ojects '''IN''' '''C'''ontrolled '''E'''nvironments, version 2, published in 1996.
The key features of PRINCE2 include:
*Emphasis on dividing the project into manageable and controllable stages.
*Flexibility that can be applied at a level appropriate to the project.


== See also ==
* [[Accounting exposure]]
* [[Asset cover]]
* [[Credit risk]]
* [[Event of default]]
* [[Financial covenant]]
* [[Incurrence covenant]]
* [[Interest cover]]
* [[Loan agreement]]
* [[Maintenance covenant]]
* [[Net worth]]
* [[Non-financial covenant]]
* [[Restrictive covenant]]
* [[Waiver]]


The acronym is sometimes presented as:


==References==
'''PR'''ojects '''IN''' a '''C'''ontrolled '''E'''nvironment.
<references/> Treasury Essentials: Covenants, The Treasurer, March 2013




==Other links==
== See also ==
[http://www.treasurers.org/node/5225 Loan agreement covenant performance, Will Spinney, ACT 2009]
* [[Agile]]
* [[FAST Modelling Standard]]
* [[Project management]]
* [[Waterfall]]
* [[Working effectively with others]]


[[Category:Bank_Lending]]
[[Category:Working_effectively_with_others]]
[[Category:Debt_Capital_Markets]]
[[Category:Planning_and_projects]]
[[Category:Legal_Documentation]]
[[Category:Credit_Risk]]
[[Category:Managing_Risk]]

Revision as of 11:39, 27 May 2021

Project management.

PRojects IN Controlled Environments, version 2, published in 1996.


The key features of PRINCE2 include:

  • Emphasis on dividing the project into manageable and controllable stages.
  • Flexibility that can be applied at a level appropriate to the project.


The acronym is sometimes presented as:

PRojects IN a Controlled Environment.


See also

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