PRINCE2, PRojects IN Controlled Environments (version 2) is a generic project management methodology that describes the key elements for controlling a project, regardless of project type or size.
Some main advantages of applying PRINCE2 Methodology include:
Today, thousands of organisations have adopted PRINCE2 or a tailored version as their standard for project management.
The PRINCE2 as a best practice framework, its Methodology comprises of 4 project management elements referred to as Principles, Themes, Processes and Project Environment.
PRINCE2 Principles
There are seven core principles on which PRINCE2 is based on:
The PRINCE2 processes and management themes are designed to ensure these principles are applied throughout the life of a project.
PRINCE2 Themes
There are seven management themes described by PRINCE2, which is seen as relevant for all projects. The management themes outline project management activities, documents, roles and responsibilities that support the application of the principles mentioned above.
The management themes include:
PRINCE2 Processes
At the centre of the PRINCE2 model is a series of project management processes that detail the activities and responsibilities that relate to the application of the principles mentioned above and themes. These methods provide an order in which the principles and themes should be applied during each phase of a project.
The PRINCE2 Methodology diagram is shown as below:
In summary, many project management standards are designed to explain ‘what’ project management is, but often do not provide a comprehensive approach illustrating how to apply project management.
PRINCE2 focuses on how and when important elements of project management should be applied and who is responsible for these elements. This is why PRINCE2 describes itself as a project management methodology and a core reason why today thousands of organisations have adopted PRINCE2 and over 1 million people worldwide hold a PRINCE2 qualification.
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