Overview of PRINCE2 benefits
Are you weighing the value of a PRINCE2 course? PRINCE2 (Projects In Controlled Environments), is a structured method for effective project management. It’s a globally recognised standard that spells success for project managers and their teams.
Personal gains from PRINCE2 certification
- Career enhancement: A PRINCE2 certificate can set you apart in the job market. It’s often a requirement for project management roles in the UK, making it a critical step for career growth.
For more on this, read about how PRINCE2 can help your career.
- Salary prospects: Certification can lead to a salary bump. Data from 2019 shows PRINCE2 roles in the UK could command between £30k to £75k.
- Building skills: You’ll gain essential skills for managing and contributing to projects.
Learn more about these skills in the PRINCE2 methodology overview.
- Increased confidence: The knowledge gained can boost your confidence in your project management abilities.
See how it boosts careers in Does PRINCE2 help your career?.
PRINCE2’s impact on your organisation
- Adopting best practices: PRINCE2 integrates time-tested best practices into your project management approach.
- Universal application: It’s a generic system, fitting projects across all industries.
- Better communication: A shared vocabulary improves team understanding.
- Clear roles: PRINCE2 clarifies accountability within project teams.
- Focusing on outputs: It ensures projects deliver tangible benefits.
- Adapting to project needs: Customise PRINCE2 for various project demands.
- Efficiency for senior management: Reporting replaces the need for frequent meetings, saving time.
- Aligning with business goals: Projects contribute directly to business objectives rather than being ends in themselves.
- Stakeholder involvement: It encourages active stakeholder participation.
- Encouraging improvement: Continuous improvement is built into the PRINCE2 process.
- Consistent approach: Common language and processes ensure uniformity across projects.
Video
Watch this video about the benefits of PRINCE2 certification.
Weighing up PRINCE2’s pros and cons
Advantages:
PRINCE2 has a stellar reputation for thoroughness and flexibility, especially with Agile practices. The certification process is also relatively quick with no prior qualifications required.
Disadvantages:
However, projects may risk being PRINCE2 in name only without proper implementation. Success requires management support and practical experience.
Outside of the UK, other project management certifications are more popular amongst employers. This includes the PMP qualification from PMI. For a full comparison, see PMP vs PRINCE2.
Visual guide to PRINCE2 benefits
This PRINCE2 benefits infographic summarises the benefits of PRINCE2 to both organisations and individuals.
