What is PRINCE2®?
PRINCE2® – A Structured Project Management Methodology
PRINCE2 (PRojects IN Controlled Environments) is a process-based method for effective project management. PRINCE2 is a de facto standard used by the UK Government, widely recognised and practiced in the private sector in the UK and internationally.
PRINCE2 is completely scalable, and the most recent update to the framework means it can be more easily tailored to each project you undertake.
How can PRINCE2® benefit you?
Using Prince2 provides you with greater control of resources and the ability to manage business and project risk more effectively. It is firmly established as the world’s most practiced method for project management. This will benefit
- Individuals seeking leading project management skills and greater employment prospects
- Project Managers
- Directors/Executives (senior responsible owners) or projects, and
For individuals Prince2 certification is an invaluable asset to your career as it increases employment prospects and helps you do your job more effectively. This is true for any job function, A 2016 AXELOS survey questioned individuals in project management and other roles , such as IT, senior management and operations
Key Features of PRINCE2®
- Focus on business justification
- Defined organisation structure for the project management team
- Product-based planning approach
- Emphasis on dividing the project into manageable and controllable stages
- Flexibility that can be applied at a level appropriate to the project.
History of PRINCE2®
PRINCE2® was formerly known as PROMPT II (Project Resource Organisation Management Planning Techniques). The original framework, PROMPT II, was established by Simpact Systems Ltd and was adopted by the UK Government’s Central Computer and Telecommunication Agency (CCTA) in 1989.
The CCTA then changed the name to PRINCE, originally an acronym for PROMPT II IN the CCTA Environment, and utilised the framework as an IT standard for project management. Civil Servants then decided to change the name of the framework to the PRINCE acronym that still stands to this day – PRojects IN Controlled Environments, however, the framework was scarcely utilised due to its rigidness and lack of tailorable attributes for small projects.
AXELOS has recently unveiled the new PRINCE2® 2017 Update.