PRINCE2® Project Management Explained in 7 Simple Tips


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, you’ll have the benefit of a reliable project management framework to guide your steps as you work towards your project goals.

A Structured Project Management Team

PRINCE2® project team members have clearly outlined roles and responsibilities. This eliminate any ambiguity and reduces the risk of tasks falling through the cracks.

Everyone knows what is expected from them, and what falls under their area of responsibility.

Consistently Clear Communication

PRINCE2® has a terminology and structure that enable all involved with the project touse a common language and process. This helps speed up communication and avoid any obstacles that occur as a result of miscommunication.

Ongoing Improvement

This project management methodology incorporates a strong focus on reflection and learning. Teams will evaluate the successes and failures within a particular project cycle. They identify what they can do to improve, and bring this learning into the next project.

High Value

In PRINCE2®, there is always a clear focus on delivering value. Having a justified business case is a pre-requisite for any PRINCE2® project.

Before beginning, and throughout the life-cycle, the team will continually come back to the value add elements of the project.


Flexibility and Scalability

Although centred around structure, PRINCE2® also offers great flexibility. It can be tailored to suit almost any project, and can be scaled to handle projects of all sizes.


Ability to Blend PRINCE2® with other Methods

In today’s project management world, the most popular methodologies are the ones with the greatest amount of versatility and the capability to combine with another method.

PRINCE2® can be combined with a number of other approaches to managing project including Agile, Scrum, and elements of the Project Management Institute (PMI)® framework. 

Check out PRINCE2 Courses Dublin to get certified. 

The PRINCE2® courses on this page are offered by VMEdu Inc., ATO of AXELOS Limited.

PRINCE2® is a registered trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved

Comments

  1. manasaNovember 25, 2021 at 2:53 AM

    Great Post! Thank you kindly for sharing this post, it was so great to peruse and valuable to work on my insight as refreshed one, continue to blog…

    Data Science Training in Hyderabad

    ReplyDelete

Post a Comment

Popular posts from this blog

Organisation and Management

Image
    The best managers are well-organised.   While it’s true that we are all constantly seeking the perfect way to “take charge of our days” or “get super organised”, it is possible to easily improve your ability to be organised within your management role.     Let’s take a look at why organisational skills matter, the effect they can have, and how you can begin improving your skills fast.   What are Management Organisational Skills?   The organisational skills common to almost every kind of management role include:   ·       Time management : making the best use of your working hours. ·       Task prioritisation: knowing which tasks to select when your to-do list is unruly. ·       Delegation: understanding which tasks to allocate to which team members for best results. ·       Efficient communication: getting your me...
Read more

What are the benefits of project management?

Image
Unless you’re familiar with, or work within the arena of project management, it may seem like a broad, even vague term. Here, we’ll examine project management in a little more detail. We’ll look at the key benefits of project management to understand why it’s such an important part of any business. Projects are Everywhere The default is often to think of projects as long-term, detailed undertakings. Perhaps they seem relegated to the corporate world. Maybe you feel that they have no bearing on your work or day-to-day life. In truth, projects are everywhere. Much of what we do is already immersed in projects. Think of both your working life and your personal life. Are there any ideas or goals you’re working to accomplish? Is there anything new you’re striving to learn? Are you trying to change or improve anything? If yes, then you’re already working on mini-projects. Wouldn’t it be good to know how to run these projects more effectively? Now, we have arrived a...
Read more