Primarily PRINCE2 is used by the UK government, but apart from that it is also widely used in the private sector, both in the UK and internationally. Its mechanism is in the public domain and offers the best guidance for project management.
Various features of PRINCE2 are listed below:
- Focuses on business justification.
- The organizational structure is very well defined for the team that manages the project.
- Product-based thinking and planning approach.
- It focuses on dividing the project into stages. controllable and manageable
- Flexibility at various levels of the project.
Background of PRINCE2
PRINCE was created in 1989 by the Central Computer and Telecommunications Agency, now renamed the Office of Government Commerce. PRINCE was initially based on PROMPT, which itself is a project management process developed by Sim-pact Systems Ltd in 1975, which was later taken over by CCTA in 1979. After the release of PRINCE, PROMPT was discontinued in government projects. . PRINCE2 was further developed in 1989, with the contribution of some 150 European organisations.
Why PRINCE2 is beneficial for organizations?
PRINCE2 helps with better resource management and the freedom to deal with business and risk more effectively. Now this will benefit people who are looking for project management skills, directors, organizations, project managers, etc.
For a person, having a PRINCE2 certification adds a lot to their skills and increases their job opportunities and also helps in their job. While for companies it helps them with their projects in numerous ways.
Training and qualifications
Various PRINCE2 trainings include PRINCE2 Foundation, PRINCE2 Re-Registration and PRINCE2 Practitioner.
- PRINCE2 Foundation – This is a great way to get started and helps you learn the basic PRINCE2 methodology.
- PRINCE2 Practitioner – The Practitioner also helps you use PRINCE2 in projects. This gives you a better overview of what it is and how it can be of benefit to you.
- PRINCE2 Re-registration: The official examination board has decided that all PRINCE2 practitioners must re-register within 3-5 years of their previous certification date. If you do not pass the re-registration test, your registered status will be withdrawn.
Principles, themes and processes
The various principles of PRINCE2 include:
- It is the reason to start a justifiable project and it will not change the timeline.
- The team must continually learn from previous projects and lessons.
- The team should have a clear structure and team for the project.
- The project needs to be properly planned, monitored and controlled at various stages.
- The project focuses on product delivery, quality and of course definition.
The themes define the other areas of project management that must be addressed in parallel to the project. They include the business case, quality, organization, risk, change, plans, and progress.
The multiple processes in the PRINCE2 usage cycle are:
- Project start
- Managing the Project
- project start
- Controlling the Project
- delivery management
- limit management
- Closing the Project
Although PRINCE2 is not a one-size-fits-all solution, it can surely be modified to suit any particular project.