PRINCE2 stands for PRojects IN Controlled Environments (2nd version). It’s the world’s most popular project management methodology. Since its inception in 1996, more than 1.6 million exams have been sat in more than 100 countries worldwide .It is used by international organisations such as the United Nations and NATO as well as governments in the UK, Australia and Germany. It is used widely in businesses and NGOs across the world.
Why is PRINCE2 so popular?
Based on best practicesPRINCE2 embodies proven best practice and governance in project management. By using it, you will be using tried and tested methods for managing projects effectively.
Business-focusedIt ensures your project is focused on its business case objectives rather than seeing the completion of the project as an end-in-itself. This helps to ensure your project provides a return in investment.
Applicable to any projectPRINCE2 can be applied to any type of project, large or small in any industry. It can also easily be used alongside other models/methods/standards e.g. agile methods such as SCRUM or standards such as the PMBOK® Guide.
Roles & responsibilitiesIt defines specific project responsibilities for all project management team members, not just the project manager and project sponsor. It also defines a structure for accountability, delegation, authority and communication so that all decision-makers are clear about what is expected of them.
Product-focusedIt focuses on what a project will deliver, why, when, by whom and for whom. This focuses minds on the project’s outputs and how they will help to achieve benefits for the organization.
AdaptablePRINCE2 is adaptable because it can be tailored to meet the specific needs of the organization and scaled to the size, level of risk and complexity of a project.
Saves managers’ timeIt’s based on a ’management by exception’ framework, enabling an efficient use of management time. This means senior management can be involved in taking the big decisions, but don’t have to attend regular meetings.
Widely supportedIt’s supported by a worldwide network of exam institutes, accredited training and consultancy organizations, who can supply expert support for PRINCE2 projects or for organizations planning to adopt PRINCE2.
Stakeholder involvementIt ensures that key stakeholders (including sponsors and resource providers) are properly represented in planning and decision making. PRINCE2 ensures that key managers from both the customer and supplier are involved in decision-making.
Continuous improvementIt promotes learning and continuous improvement in organizations which adopt it. This is because it has an in-built mechanism which enables practitioners and organizations to learn lessons which can be passed onto later projects.
Consistent workingPRINCE2 is widely understood and provides a common project vocabulary. It can help promote consistency of project work and the ability to reuse project assets. It also facilitates staff mobility and reduces the impact of personnel changes/handovers.
Customer supplier environmentPRINCE2 assumes that all projects operate with a ‘customer-supplier’ environment .
CustomerA customer (individual(s), group(s) or organisation(s)) commissions a project because it has either a business problem to resolved or a business opportunity to exploit. The customer pays for the project and will specify the outputs or deliverables (known as products) from the project. Once delivered, these will be used by the customer to achieve desired outcomes which are measured in the form of benefits.For example, a corporation specifies a new enterprise resource planning system (a product) to be rolled out across its global operations. After delivery, it will be used by staff in different business units. This will result in changes to the way these staff do their work (the outcomes). There will be certain positive results from these changes – e.g. reduction in costs (the benefits).
SupplierA supplier (individual(s), group(s) or organization(s)) brings resources (people, equipment, plant, tools etc) to the project which are used to design, build and test the products which have been specified by the customer. A supplier might be internal to the customer organization (e.g. an in-house IT department) or external (e.g. a company contracted using a commercial contract).
PRINCE2 is prescriptivePRINCE 2 course is a project management methodology. A methodology is a system of practices, techniques, procedures, and rules used by those who work in a discipline. As such it describes the following:
- Who should be responsible and accountable for making decisions about the project
- Which processes should be used to support this decision-making
- When, during the project life-cycle, should these decisions be taken.