PRINCE2® is the abbreviation of Projects IN Controlled Environments and it is a de facto process-based process for effective project management. This is widely used by the United Kingdom government. It is hugely recognized and utilized in the private sector. The method of PRINCE2® lies in the public domain and it proposes non-proprietorial finest practice assistance on project management.
Numerous people and organizations from different sectors prefer to use PRINCE2® because it is flexible, innovative, and practical. Irrespective of the project; whether it is developing software, constructing a flyover, or putting forward an advertising movement, the processes, themes, and principles of PRINCE2® will aid you in realizing them all. This process fits well to the public domain and it proposes a generic but the finest guidance to manage a project.
Chief features of PRINCE2® are:
PRINCE2® was recognized by the Central Computer and Telecommunications Agency or CCTA in the year 1989 and since then renamed the Office of Government Commerce (OGC). In June 2010, the OGC office Best Practice Management functions moved into the Cabinet Office.
Originally, PRINCE2® was based on PROMPT which was a project management process developed in 1975 by Simpact Systems Ltd. Later in 1979, it was adopted by CCTA in the form of a standard for being used in all the Government information system projects.
At the time when PRINCE2® was launched in the year 1989, it superseded PROMPT effectively within government project. However, PRINCE2® continues to remain in the public domain and has bagged copyright by the Crown. In the year 1996, PRINCE2® was published and it is being donated to a group of nearly 150 European organizations.
When you decide to use PRINCE2® then you will have stronger control of resources besides the capability to manage project and business risks. This will benefit you in the following manner:
For people, the certification of PRINCE2® turns into a precious asset to their career as this escalates the prospects of employment and it aids people in doing their job more effectually. According to a survey done on people in project management as well as other roles, like senior management, IT and operations, it has been discovered that candidates found that PRINCE2® is highly appreciated in their career.
For an organization, the formal recognition of responsibilities of PRINCE2® inside a project along with its concentration on what a project needs to deliver proposes an organization’s projects with the following:
According to a 2007 survey done by PricewaterhouseCoopers, higher-performing projects are more likely to be operated with specialized project managers. Amongst all the certificates which empower higher-performing projects, the PRINCE2® named “Arras People’s 2011 survey” is the most well-known.
Another report on PRINCE2® found that the adoption of PRINCE2® irrespective of the size of the organization is useful, particularly because of its characteristic of being compatible and adaptable with agile.
The method of PRINCE2® includes four united compounds of principles, themes, processes, and finally, the project environment.
Principles are considered the guiding needs and excellent practices that determine whether or not the project is really being managed to utilize PRINCE2®. In fact, there are seven principles and when they all aren’t applied, then it can’t be viewed as a PRINCE2® project.
These are the supervisory requirements and decent practices which determine whether the project is genuinely being managed using PRINCE2®. There are seven principles and it is highly required to apply all of them, else it won’t turn out as a PRINCE2® project.
Themes describe aspects of project management which ought to be addressed in parallel all through the project. There are seven themes of PRINCE2® and they explain the particular treatment which is needed for different project management disciplines. The themes also explain why they are important.
PRINCE2® is important as it aids people in applying the themes by mentioning the minimum requirement which is needed for the themes and it also provides particular guidance on the process of tailoring to particular settings.
Processes describe the project lifecycle’s steps, from the early idea to the project closure. Every process proposes checklists of suggested activities, linked responsibilities and of course, guidance regarding how to tailor to a particular setting.
The manual of PRINCE2® comprises twenty-six recommended templates meant for documentation which are linked with the project and are termed “management products.” They are divided into records, baselines, and reports. Some instances of management products are the following:
PMP® or Project Management Professional might be observed as PRINCE2® 's competitor. Generally, Europe, Australia, and the UK opt for PRINCE2®, whereas the American countries and the US prefer PMP®. Again, Africa, the Middle East, and Asia do not possess any strong fondness for either PRINCE2® or PMP®. However, the vital thing is PMP® can be utilized along with PRINCE2®. Actually, PMP® and PRINCE2® both acknowledge the existence of each other in the advertising material and they try to place themselves in the form of complementary compounds; PRINCE2® in the form of a methodology and PMP® in the form of a standard that can be utilized alongside each other. Practically, practitioners and companies select one system or both based on the environment of the project, costs, and geographical location.
The certifications of PRINCE2® which is being awarded by AXELOS need the users to undergo a training course with an ATO (Accredited Training Organization). This is followed by an examination. However, the training and the exam can be conducted in person or online. AXELOS needs that an organization that is proposing certified PRINCE2® training ought to go through an accreditation method for validating the course’s quality content and delivery. When sanctioned, the organization can make use of the title “ATO”. A trainer ought to be re-accredited every three years and experience a surveillance check every year.
The four levels of certifications needed for PRINCE2® are:
After the completion of the above-mentioned certifications, AXELOS publishes a successful candidate register that can be checked on the web.
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