PRINCE2® Project Management Explained in 7 Simple Tips
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
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
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