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PRINCE2® Project Management Explained in 7 Simple Tips

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What is PRINCE2®? PRINCE2® is a project management methodology used in many large and small businesses worldwide. PRINCE2® is favoured by a large number of government and multi-national organisations. It’s a very popular approach to managing projects, due to its combination of clear structure and flexibility. Where did PRINCE2® come from? PRINCE2® developed from an older project management system, PROMPT II. The term PRINCE2® stands for Projects In a Controlled Environment, and the 2 is taken from “PROMPT II”. PRINCE2® was established in 1989 and quickly become the primary project management approach used by government agencies in the UK. In the 30 years since its inception, the popularity of PRINCE2® has expanded to make it one of the most-utilised project management methodologies worldwide. What are the Benefits of PRINCE2®? A Reliable Framework One of PRINCE2®’s defining characteristics is structure. When utilising a PRINCE2® approach,