What is PRINCE2?

PRINCE2 (Projects IN Controlled Environments) is a structured project management method based on experience drawn from thousands of projects and from the contributions of countless project sponsors, Project Managers, project teams, academics, trainers and consultants.

PRINCE2 isolates the management aspects of project work from the specialist contributions, such as design and construction. The specialist aspects of the project can be easily integrated with the PRINCE2 method and, when used alongside PRINCE2, provide a secure overall framework for the project work.

Because PRINCE2 is generic and based on proven principles, organizations adopting the method can substantially improve their organizational capability and maturity across various areas such as business change, construction, IT, mergers and acquisitions, research and product development.

The Importance of Projects

As the pace of change (technology, business, social, regulatory etc.) accelerates, and the penalties of failing to adapt to change become more evident, the focus of management attention is inevitably moving to achieve a balance between business as usual and business change.

Projects are the means by which we introduce change. PRINCE2 defines a project as "a temporary organization that is created for the purpose of delivering one or more business products according to an agreed Business Case".

PRINCE2: In a Nutshell

Processes: A step-wise progression through the project lifecycle, from getting started to project closure

Principles: Obligations and good practices that determine if the project is genuinely being managed using PRINCE2

Themes: Aspects of Project Management that must be addressed continually and in parallel throughout the project

Tailoring: The need to tailor PRINCE2 to the specific context of the project

PRINCE2 Benefits

PRINCE2 can be applied to any type of project.
It provides a common vocabulary and approach.
It integrates easily with industry-specific models.
The product focus clarifies — for all parties — what the project will deliver.
PRINCE2 applies “management by exception,” providing efficient use of senior management time.
It ensures a focus on the continuing viability of the project.
PRINCE2 provides an explicit understanding of roles and responsibilities, so everyone can answer the question of what is expected of them and what to expect of others.

PRINCE2 vs. PMBOK

PRINCE2® QUALIFICATION SCHEME

The PRINCE2 Qualification Scheme has been developed by AXELOS Limited to offer a tiered examination structure with three levels of qualification, Foundation, Practitioner, and Professional.

PRINCE2 Foundation

Act as an informed member of a Project Management team on a project using the PRINCE2 method, within an environment supporting PRINCE2. To this end, candidates need to show that they understand the principles and terminology of the method.

PRINCE2 Practitioner

Apply PRINCE2 to the running and managing of a noncomplex project within an environment supporting PRINCE2. Candidates need to exhibit the competence required for the Foundation qualification, and show that they can apply and tailor PRINCE2 to address the needs and problems of a given project scenario.

PRINCE2 and other project management methodologies

Other project management qualifications and associations that are acknowledged worldwide include:

Project Management Professional (PMP) certification from PMI (Project Management Institute).
APM (UK Association of Project Management)
IPMA (International Project Management Association) also have detailed bodies of knowledge that explain the wider skills needed for a project manager.

AXELOS formally recognizes Project Managers with relevant previous experience and specified certification from either PMI or IPMA and permits them to study for PRINCE2 Practitioner level without the need to take the PRINCE2 Foundation exam first.

PRINCE2 is also compatible with other AXELOS methodologies, such as Managing Successful Programmes and can be easily implemented alongside specialist, industry-specific models ('engineering models' or 'development lifecycles').

PRINCE2 Courses

PRINCE2 Foundation

PRINCE2 Foundation & Practitioner "combined"

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