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Why should I Study PRINCE2®?

What is PRINCE2®?PRINCE2® or Projects IN Controlled Environments is a process-based methodology for project management. It is used widely by the UK Government and is used and recognized in the private sector, in the UK and internationally. The domain is in the public domain and it provides non-proprietorial practice guidance on project management. It was established by the Central Computer and Telecommunications Agency or CCTA in 1989. It was primarily based on PROMPT, created in 1975 by Simpact Systems Ltd and adopted in 1979 by CCTA as a standard that can be used by Government information system projects.History of PRINCE2®When it was launched in 1989, it superseded PROMPT effectively within the Government projects. PRINCE® is in the public domain and its copyright is with the Crown. PRINCE2® came into existence in 1996 and it has contributed by a consortium of 150 European organizations. Since then, PRINCE2® has gained immense popularity and presently it is a de-facto standard in several UK Government departments for project management and across many United Nations systems too. After it was revised in 2009, this acronym was altered to Projects IN a Controlled Environment. After PRINCE2® was launched in 1996, it went through two major revisions as mentioned below:PRINCE2® 2009’ Refresh in 2009PRINCE2® 2017’ Update in the year 2017PRINCE2® is a project management method used frequently by people and organizations from different industries and sectors. It is flexible, practical, and innovative. Regardless of the project, whether it is constructing a flyover, an advertising campaign, or developing software, PRINCE2® can help you manage all these aspects. It belongs to the public domain and offers the best guidance to manage any project.Key features of PRINCE2®Following are the key features of PRINCE2®:It is a non-proprietary methodology.It offers the most widely used approaches to manage projects.As it is broad, it can be used in all kinds of assignments.This is accomplished via the management properties of project work.It is based on customer/supplier setting. It ensures that there is a client with a desired product/result who can also pay for its development along with a vendor who can offer the necessary resources along with skills.Benefits of PRINCE2®PRINCE2® is a common language used by dealers, consumers, and businesses. Even though it does not comprise of contract management, it provides all the essential boundaries and controls needed for all to work together within any relevant contract. More importantly, it allows your business to concentrate on the right projects, for the right people and at the right time; by creating the beginning of a project and its end depending on the continued existence of a business case. Certified PRINCE2® Training shall improve your skills as a Project Manager. Some of its top benefits are as follows:It is applicable to all projects.It recognizes project accountability.Its product clarifies what can a task provideIts plans are designed sensibly to meet the needs of various levels in an administrative team.It is grounded in ‘management by exception’ framework that ensures economic and efficient use of project management time.It makes sure that its takers concentrate on its ability based on its business objectives.It describes a cost-effective and precise report structure.It ensures that the shareholders are characterized adequately in decision-making and development.It ensures learning and constant improvement in organizations.It enhances steadiness in project work and its ability to reprocess assets.It simplifies the valuation and assurance of project work.Effective project management is a challenge in several organizations all across the globe. With proper training and certification in PRINCE2®, you can guarantee the smooth functioning of your projects that meet your business goals and objectives.Top reasons to study PRINCE2®PRINCE2®, Foundation and Practitioner Certifications are considered among the most popular Project Management Certifications all over the world. There are several reasons to do PRINCE2® certification. Some of the top reasons to do this course are as follows:Build and improve Project management SkillsThe main reason that gives the most obvious advantage: much-improved Project Management skills. With PRINCE2®, you will learn to deploy projects better with more efficient Management skills. You shall learn the terminology, methodology, common systems, framework, and process used by a wide number of project managers and know the skills required to successfully initiate, plan, manage, monitor, and execute projects.It is more of a methodologyUnlike other certifications on Project Management, PRINCE2® puts a wider emphasis on Project Management principles compared to its instruction book along with rigid rules. As a reference guide, it says about the stages and processes of a project along with responsibilities and roles associated with it. It may not mention directly the way to manage the subsequent job in the project, but can make you understand the processes and principles of a project vividly and also the manner to manage them. You will be able to tailor your PRINCE2® projects according to your requirements and oversee the projects that you manage closely.You can start smoothlyWhen you choose a certification, the time to prepare/study, costs involved and disruption that it imposes into your professional life is highly important. It provides a unique advantage, which you may begin by preparing for its Foundation exam. It means that you will be able to do an actual Project Management Foundation certification course without spending much time in training or spending lump sum training costs. While doing this certification course, you shall get a complete overview of what you can expect if you were to continue with PRINCE2® Practitioner Certification. This makes the beginning phase of a Project management certification prospect much easier.You shall receive the certificate soonerOnce you have finished the training, you just have to take an examination along with a training provider or take the public exam. There is no complicated registration process and no time-consuming matter audit process. The certificate gets delivered within a few days after clearing the exam.The certification possesses global recognitionThis certification is recognized globally. It was developed in the public IT sector under the UK government’s supervision. PRINCE2® is a de facto Project Management in several parts of the world. Private and public sector companies and governments all across the globe are using it and its popularity is growing all over the world including Asia, USA, and Africa. AXELOS Ltd is the owner of PRINCE2® certification to manage US Federal Government Projects to support the demand of US organizations. This certification allows you the opportunity to undertake project work on an international level.PRINCE2® certification enhances employment prospectsA PRINCE2® qualification is great for your employment opportunities. It is a world-class product and it is considered a standard methodology for project management. This is the reason why so many companies all over the world look for staff having PRINCE2® certification. According to the AXELOS PRINCE2® survey in 2016, most of the respondents, especially in the Netherlands and Germany consider PRINCE2® highly valuable to their career.You are not restricted to a single industryPRINCE2® is a Project Management and thus it is not limited to any particular organization or industry. You may use it in any kind of industry or organization, or projects of any scale. This will expand your project work areas immensely. You will be able to apply for a job in different industries.Proof of CertificationYou can easily show your proof of certification. PRINCE2® certification holders are entered in official PRINCE2® successful candidate list. You can check this register online. So, when you apply for a job, you do not have to send copies and documents of PRINCE2® certificates. The online register shall confirm that you have completed the examination successfully and shall mention the date too. It can be searched by putting the candidate’s name and number. If an employer or a potential employer desires to check PRINCE2® qualification, you just have to provide him your link and number. This gives you manifold chances of employabilityYou can easily get other certificationsPRINCE2® is a separate project management certification but enjoys global recognition. When you receive this certification, you may get exemptions from appearing in examinations in certain subjects when you study other certifications related to project management.Studying online or in classroomA question that may come to your mind that whether to study this certification course in the classroom or online mode will be suitable? One major consideration is the price of the online course. The cost to gain this certification through classroom training has reduced significantly over the previous few years. To make the classroom training process flexible and accessible, PRINCE2® experts with certification are given approval to coach a certain number of trainees every year.  Nowadays, there are hundreds of certified PRINCE2® practitioners who have passed the exams successfully and are providing classroom facilities.Online PRINCE2® course was once considered to be of lower quality as well as a cheaper study option; however, things have changed in a significant manner with the latest technological developments. Interactive multimedia and high-quality courses are available online that are designed to make your study with fun, engaging, and highly effective. Obvious benefits of studying online are being able to study anytime and from anywhere at your personal pace. Carefully developed online courses are segregated into smaller parts to help memory retention so that you will be able to rewind and go through study material as many times you want which is never possible in classroom mode. You can control the pace you want to learn and study and it shall help you to absorb the course content.With online training, you will not have to worry about your tutor’s presence or the pace at which he/she completes the lessons. Online courses go through quality editing and control measures and therefore they maintain great standards. Highly effective simulators completely prepare you for your examination with confidence. If you require any help, you can contact experienced tutors via email or phone.Employers look for employees who can implement PRINCE2® Project Management with skill and confidence. Classroom training is intensive and online training may help long-term memory retention. The online course is of high quality and costs lower than PRINCE2® classroom coaching. With studying at your own speed and your time, you will be confident when to take the exam and get certified.Why implement PRINCE2® in your company?PRINCE2® is Project Management of International Standard and it is recognized as an international product. Mainly it encompasses several years of best practice of project management and offers an adaptable and flexible approach related to all projects. Some of the reasons to implement it in your organization include the following:A consistent and common approachAn organized and controlled beginning, middle, and end.Constant progress reviews against the plan and also against the business.Assurance that a project shall have a business justification.Flexible decision points.Involvement of stakeholders and management at the right place and right time during the project.Good communication links between the project management, the project, and the remaining organization.A means to share and capture lessons learned.A route to enhance project management skills and the organization’s staff competencies at all levels.According to a survey, it was found that high-performance projects demand PRINCE2® certified project managers. This is indeed advantageous to the directors and managers of a project as well as the organization. as the resources will be used judiciously and business decisions made more effective. Hence, PRINCE2® has become a widely understood and recognized common language to all the project participants.
Rated 4.5/5 based on 1 customer reviews

Why should I Study PRINCE2®?

6633
Why should I Study PRINCE2®?

What is PRINCE2®?

PRINCE2® or Projects IN Controlled Environments is a process-based methodology for project management. It is used widely by the UK Government and is used and recognized in the private sector, in the UK and internationally. The domain is in the public domain and it provides non-proprietorial practice guidance on project management. It was established by the Central Computer and Telecommunications Agency or CCTA in 1989. It was primarily based on PROMPT, created in 1975 by Simpact Systems Ltd and adopted in 1979 by CCTA as a standard that can be used by Government information system projects.

History of PRINCE2®

When it was launched in 1989, it superseded PROMPT effectively within the Government projects. PRINCE® is in the public domain and its copyright is with the Crown. PRINCE2® came into existence in 1996 and it has contributed by a consortium of 150 European organizations. Since then, PRINCE2® has gained immense popularity and presently it is a de-facto standard in several UK Government departments for project management and across many United Nations systems too. After it was revised in 2009, this acronym was altered to Projects IN a Controlled Environment. After PRINCE2® was launched in 1996, it went through two major revisions as mentioned below:

  • PRINCE2® 2009’ Refresh in 2009
  • PRINCE2® 2017’ Update in the year 2017

PRINCE2® is a project management method used frequently by people and organizations from different industries and sectors. It is flexible, practical, and innovative. Regardless of the project, whether it is constructing a flyover, an advertising campaign, or developing software, PRINCE2® can help you manage all these aspects. It belongs to the public domain and offers the best guidance to manage any project.

Key features of PRINCE2®

Following are the key features of PRINCE2®:

  • It is a non-proprietary methodology.
  • It offers the most widely used approaches to manage projects.
  • As it is broad, it can be used in all kinds of assignments.
  • This is accomplished via the management properties of project work.
  • It is based on customer/supplier setting. It ensures that there is a client with a desired product/result who can also pay for its development along with a vendor who can offer the necessary resources along with skills.

Benefits of PRINCE2®Benefits of PRINCE2®

PRINCE2® is a common language used by dealers, consumers, and businesses. Even though it does not comprise of contract management, it provides all the essential boundaries and controls needed for all to work together within any relevant contract. More importantly, it allows your business to concentrate on the right projects, for the right people and at the right time; by creating the beginning of a project and its end depending on the continued existence of a business case. Certified PRINCE2® Training shall improve your skills as a Project Manager. Some of its top benefits are as follows:

  • It is applicable to all projects.
  • It recognizes project accountability.
  • Its product clarifies what can a task provide
  • Its plans are designed sensibly to meet the needs of various levels in an administrative team.
  • It is grounded in ‘management by exception’ framework that ensures economic and efficient use of project management time.
  • It makes sure that its takers concentrate on its ability based on its business objectives.
  • It describes a cost-effective and precise report structure.
  • It ensures that the shareholders are characterized adequately in decision-making and development.
  • It ensures learning and constant improvement in organizations.
  • It enhances steadiness in project work and its ability to reprocess assets.
  • It simplifies the valuation and assurance of project work.

Effective project management is a challenge in several organizations all across the globe. With proper training and certification in PRINCE2®, you can guarantee the smooth functioning of your projects that meet your business goals and objectives.

Top reasons to study PRINCE2®Reasons to study PRINCE2®

PRINCE2®, Foundation and Practitioner Certifications are considered among the most popular Project Management Certifications all over the world. There are several reasons to do PRINCE2® certification. Some of the top reasons to do this course are as follows:

  • Build and improve Project management Skills

The main reason that gives the most obvious advantage: much-improved Project Management skills. With PRINCE2®, you will learn to deploy projects better with more efficient Management skills. You shall learn the terminology, methodology, common systems, framework, and process used by a wide number of project managers and know the skills required to successfully initiate, plan, manage, monitor, and execute projects.

  • It is more of a methodology

Unlike other certifications on Project Management, PRINCE2® puts a wider emphasis on Project Management principles compared to its instruction book along with rigid rules. As a reference guide, it says about the stages and processes of a project along with responsibilities and roles associated with it. It may not mention directly the way to manage the subsequent job in the project, but can make you understand the processes and principles of a project vividly and also the manner to manage them. You will be able to tailor your PRINCE2® projects according to your requirements and oversee the projects that you manage closely.

  • You can start smoothly

When you choose a certification, the time to prepare/study, costs involved and disruption that it imposes into your professional life is highly important. It provides a unique advantage, which you may begin by preparing for its Foundation exam. It means that you will be able to do an actual Project Management Foundation certification course without spending much time in training or spending lump sum training costs. While doing this certification course, you shall get a complete overview of what you can expect if you were to continue with PRINCE2® Practitioner Certification. This makes the beginning phase of a Project management certification prospect much easier.

  • You shall receive the certificate sooner

Once you have finished the training, you just have to take an examination along with a training provider or take the public exam. There is no complicated registration process and no time-consuming matter audit process. The certificate gets delivered within a few days after clearing the exam.

  • The certification possesses global recognition

This certification is recognized globally. It was developed in the public IT sector under the UK government’s supervision. PRINCE2® is a de facto Project Management in several parts of the world. Private and public sector companies and governments all across the globe are using it and its popularity is growing all over the world including Asia, USA, and Africa. AXELOS Ltd is the owner of PRINCE2® certification to manage US Federal Government Projects to support the demand of US organizations. This certification allows you the opportunity to undertake project work on an international level.

  • PRINCE2® certification enhances employment prospects

A PRINCE2® qualification is great for your employment opportunities. It is a world-class product and it is considered a standard methodology for project management. This is the reason why so many companies all over the world look for staff having PRINCE2® certification. According to the AXELOS PRINCE2® survey in 2016, most of the respondents, especially in the Netherlands and Germany consider PRINCE2® highly valuable to their career.

  • You are not restricted to a single industry

PRINCE2® is a Project Management and thus it is not limited to any particular organization or industry. You may use it in any kind of industry or organization, or projects of any scale. This will expand your project work areas immensely. You will be able to apply for a job in different industries.

  • Proof of Certification

You can easily show your proof of certification. PRINCE2® certification holders are entered in official PRINCE2® successful candidate list. You can check this register online. So, when you apply for a job, you do not have to send copies and documents of PRINCE2® certificates. The online register shall confirm that you have completed the examination successfully and shall mention the date too. It can be searched by putting the candidate’s name and number. If an employer or a potential employer desires to check PRINCE2® qualification, you just have to provide him your link and number. This gives you manifold chances of employability

  • You can easily get other certifications

PRINCE2® is a separate project management certification but enjoys global recognition. When you receive this certification, you may get exemptions from appearing in examinations in certain subjects when you study other certifications related to project management.

Studying online or in classroom

A question that may come to your mind that whether to study this certification course in the classroom or online mode will be suitable? One major consideration is the price of the online course. The cost to gain this certification through classroom training has reduced significantly over the previous few years. To make the classroom training process flexible and accessible, PRINCE2® experts with certification are given approval to coach a certain number of trainees every year.  Nowadays, there are hundreds of certified PRINCE2® practitioners who have passed the exams successfully and are providing classroom facilities.

Online PRINCE2® course was once considered to be of lower quality as well as a cheaper study option; however, things have changed in a significant manner with the latest technological developments. Interactive multimedia and high-quality courses are available online that are designed to make your study with fun, engaging, and highly effective. Obvious benefits of studying online are being able to study anytime and from anywhere at your personal pace. Carefully developed online courses are segregated into smaller parts to help memory retention so that you will be able to rewind and go through study material as many times you want which is never possible in classroom mode. You can control the pace you want to learn and study and it shall help you to absorb the course content.

With online training, you will not have to worry about your tutor’s presence or the pace at which he/she completes the lessons. Online courses go through quality editing and control measures and therefore they maintain great standards. Highly effective simulators completely prepare you for your examination with confidence. If you require any help, you can contact experienced tutors via email or phone.

Employers look for employees who can implement PRINCE2® Project Management with skill and confidence. Classroom training is intensive and online training may help long-term memory retention. The online course is of high quality and costs lower than PRINCE2® classroom coaching. With studying at your own speed and your time, you will be confident when to take the exam and get certified.

Why implement PRINCE2® in your company?

Why implement PRINCE2® in your company

PRINCE2® is Project Management of International Standard and it is recognized as an international product. Mainly it encompasses several years of best practice of project management and offers an adaptable and flexible approach related to all projects. Some of the reasons to implement it in your organization include the following:

  • A consistent and common approach
  • An organized and controlled beginning, middle, and end.
  • Constant progress reviews against the plan and also against the business.
  • Assurance that a project shall have a business justification.
  • Flexible decision points.
  • Involvement of stakeholders and management at the right place and right time during the project.
  • Good communication links between the project management, the project, and the remaining organization.
  • A means to share and capture lessons learned.
  • A route to enhance project management skills and the organization’s staff competencies at all levels.

According to a survey, it was found that high-performance projects demand PRINCE2® certified project managers. This is indeed advantageous to the directors and managers of a project as well as the organization. as the resources will be used judiciously and business decisions made more effective. Hence, PRINCE2® has become a widely understood and recognized common language to all the project participants.

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KnowledgeHut

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KnowledgeHut is a fast growing Management Consulting and Training firm that is a source of Intelligent Information support for businesses and professionals across the globe.


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Ronan 21 Jun 2019

I enjoy what you guys are usually up too. This sort of clever work and reporting! Keep up the good works.

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Benefits and Advantages of PRINCE 2

The Projects IN Controlled Environments Certification, or PRINCE2 is a management methodology that has been implemented in a large number of organisations around the world. It is the most widely used project management system in the European Union, with Agile systems coming at a distant second. It offers a systematic method using templates, rules and processes in order to carve out a successful project. Being standardized in approach, PRINCE2 can be used for just about any project in any organization with utmost ease. Why get certified? PRINCE2 methods are implemented in organisations the world over. A Certification implies that the holder has studied the methodology in depth, and is qualified to implement them at work. With the method being generalized, it can be implemented in most organisations- increasing your job prospects. A PRINCE2 certification can really beef up your CV, since most companies need employees who know their methods. Studying for the PRINCE2 certification can also broaden your mind as a whole. Principles of PRINCE2 encourage you to analyse a problem from all angles, which help in enhancing problem solving capabilities. This analysis helps you understand the product you are working on, and can increase the efficiency of the project with your input. PRINCE2 is all about efficiency. Its methodology is clearly defined, with a well laid-out set of templates, rules and roles. Each and every position in a product development process is touched upon, and optimized for the best efficiency. It provides a framework to execute projects with ease, rather than directly managing the projects yourselves. Being certified in PRINCE2 provides a link between the framework and the project. PRINCE2 also encourages its users to look inward, or introspect; no project is a success without ample self-assessment. A Certified Practitioner understands this, and guides his team throughout the process using the knowledge he has of PRINCE2. Finally, coming to the heart of the matter, a PRINCE2 certification increases your employability by a country mile. Organisations need employees who are reliable assets, and the certification means that you know how the organisation works, or is supposed to work. The chances of landing a higher paying job in countries like the UK increase dramatically, as you get a PRINCE2 certification. It is a fact that certified professionals earn significantly higher salaries than their non-certified peers- it is no different in the case of PRINCE2. The average salary of a certified PRINCE2 practitioner worldwide is approximately $80,000, or fifty lakh rupees. Which is almost 20% higher than the colleagues who have no certification, on average. Female professionals earn almost as much as their male counterparts, confirming that there is no gender divide when it comes to PRINCE2 professionals. According to the Project Management Salary Survey, the average salary of project managers around the world is on the ascent for the foreseeable future. Almost 700 people take the PRINCE2 Certification exam every week, adding to the tens of thousands of professionals who have already passed it. This statistic alone indicates the extensive use of PRINCE2 in organisations, and the need for more certified practitioners. A PRINCE2 certification opens you up to a new world, a new language and new processes which helps you in orchestrating the success of your project. Follow tips to prepare for PRINCE2 Certification What’s more, PRINCE2 can be implemented for any project of any size with the utmost ease. So what is stopping you? Go get Certified!
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What is SMART in Project & how to get Successful Outcomes

What are SMART goals? How are they used to ensure the best outcomes of business projects? Clearly, every company regardless of the size must establish attainable goals to continue developing and improving the operations. The project planning process therefore needs an effective way to determine stages, objectives, and results and SMART goals are the best at helping businesses to accomplish that. What is SMART? Internet sources give different definitions of this term but the most widely used one states that SMART is an acronym which stands for Specific, Measurable, Attainable, Realistic, and Timely. It is one of the most effective methods to measure project stages and outcomes used in business today and can be used by individuals and teams. According to the Massachusetts Institute of Technology, one could ask the following questions regarding the project to develop SMART goals that ensure successful outcomes. S: what is specific about the goal/objective? M: can the goal be measured? A: can the goal be achieved? R: can the goal be considered as relevant to performance expectations? T: What time is needed to complete the task? When can it be completed? Let’s review an example to make sure you know how to develop goals that meet the criteria above. For example, let’s assume that your project has the following goal: Increase the conversions on the company’s landing page. What do you think? Does this goal meet the SMART criteria? Obviously, it doesn’t because it lacks many critical elements, so can serve as a draft rather than the final version. For example, how does one “increase the conversions”? How can the person assigned to this task be sure that he or she is working on the right strategy? Also, how can they know when the goal of increasing the conversions is reached? Let’s revise that goal using the SMART approach. Each week, the landing page of the company should be updated with new promotional offers and relevant materials; they should be published on Monday. Every Friday, an analysis should be completed to determine the lead generation progress using online tools. See the difference between these two goals? The second is clearly more comprehensive and meets the SMART criteria. For example, it is specific because it defines the dates, tools, and materials, so the assigned persons won’t have any questions regarding these areas. Next, it is measurable because it has the schedule for the updates. SMART Brainstorming Let’s take an example project and follow SMART approach to setting goals and objectives so you would be familiar with the brainstorming process. Let’s imagine you are running a sports clothing company and you need to design shoes for one specific target audience: customers who will use them to play basketball. At this point, you should remember that the project scope needs to be defined before you engage in creating SMART goals. S (Specific): we have a task to design new shoes for street basketball players. Apparently, many companies have done the same job before us, so we need to be unique in our approach to ensure product differentiation and something to highlight in our advertising materials. To do that, we have to ask ourselves the following questions: what can be done to improve the models developed by other companies? Do basketball players prefer their shoes to be light or heavy? Can we consider the use of recycled materials for manufacturing? These and other questions will define the specific features of the shoes that need to be developed. M (Measure): to make sure we completed this stage, the measurement of the design’s success needs to be developed. It will allow to evaluate the final model and test it both by you and your customers. Companies today use different tools to measure the goals of projects, with project tracking tools being the most popular ones. For example, admission-service company that employ many writers from different countries often use Zoho Projects because it allows free unlimited users option and provides great communication opportunities. A (Attainability): every stakeholder in the project must be ensured that it is achievable by using the existing resources of the company. If some additional resources are needed, you can develop a plan that outlines the amount of loan and the time when the product will provide returns above the initial investment. At this point, you should also access the risks associated with the production of the prototype pair. R (Realistic): when we have the risks under control and the resources ready to begin the production, it is necessary to ensure that all goals set in the project are realistic and doable. Will the customers who play basketball like these shoes? Did the management set reasonable goals that can actually be achieved? T (Time): the SMART approach considers time-based goals as critical for the project success, so the management has to ask the right questions and give the right answers before engagement. If the company needs to have the new shoes in the sports shops by the summer shopping season, will it be able to meet this deadline? Also, what are the possible challenges that it can encounter along the way? How to ensure that everything is considered? Experienced entrepreneurs say that mind mapping software are one of the best ways to implement SMART goals because they allow to include many factors. Indeed, these tools are awesome because they create mind maps with detailed notes, colored branches, and nodes, images, messages, answers. Moreover, they allow collaboration with team members and even real-time chat. As the result, every aspect of the project gets discussed and planned. Conclusion A goal without proper planning is nothing more than a wish. This attitude is clearly unacceptable in business because the one can win only if provides necessary planning. SMART goals are a way to ensure that project outcomes are achieved in an organized and careful way, which gives a great competitive advantage. Using them will place you ahead of others and enhance your business, so don’t hesitate to try this amazing method.
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What is PRINCE2®

PRINCE2® is one of the methodologies which will lend you a helping hand in managing your project in a successful manner.In this article, we will discuss its various aspects, just enough to provide you with the perfect launching platform to comprehend everything about PRINCE2®, all the information that you will need before you dive in for more details later on.Not only that, you will also get an overview of how you need to engage yourself with this project management method.Let us begin with the basics.What is PRINCE2®?PRINCE2®, an acronym for PRojects IN Controlled Environments, in fact, is a process-based method to manage any project effectively.One of the frequently-used project management methods, PRINCE2® is used by many people and organisations from various sectors and industries. It is practical, flexible, and innovative. Whatever project it may be, whether it is about constructing a flyover, developing software, or even putting forward an advertising campaign, the themes, processes, and principles of PRINCE2® will help you realise all of them. This method belongs to the public domain, and provides a generic but the best guidance to managing any project.Here are the key features of PRINCE2®:Focus on business justificationDefined organisation structure for the project management teamProduct-based planning approachEmphasis on dividing the project into manageable and controllable stagesFlexibility that can be applied at a level appropriate to the project.History of PRINCE2®PRINCE2® originated from PROMPT II (Project Resource Organisation Management Planning Techniques).PRINCE was originally based on PROMPT, a project management method created by Simpact Systems Ltd in 1975, and adopted by CCTA in 1979 as the standard to be used for all Government information system projects.In the year 1989, a version of PROMPT II was adopted as a UK Government standard for information systems (IT) project management by CCTA, Central Computer and Telecommunications Agency. In June 2010, the Office of Government Commerce Best Practice Management functions moved into the Cabinet Office.However, it was renamed in a Civil Service competition to ‘PRojects IN Controlled Environments’. In a short span of time, PRINCE was applied even outside the IT environment, both in the UK Government and private sectors.On PRINCE being launched in the year 1989, it effectively superseded PROMPT within Government projects. PRINCE remains in the public domain and the crown holds its copyright. PRINCE2® was published in 1996, having been contributed to by an association of some 150 European organisations.PRINCE2® was released in the year 1996 as a common project management method.Since then, it has gained increasing popularity, and now it is a de-facto standard for project management in many UK Government departments and across the United Nations systems as well.After being revised again in the year 2009, the acronym was changed, this time to ‘PRojects IN a Controlled Environment’.Ever since PRINCE2® was launched (1996), it has undergone two significant revisions:‘PRINCE2®:2009 Refresh’ in the year 2009‘PRINCE2® 2017’ Update in 2017Which are the most popular regions for PRINCE2®?As you came to know in the section above, PRINCE2® was born in the UK, and later on, this methodology took many regions of the world by storm. Its simple, yet effective themes, processes, and terminologies have brought a new perspective in the world of project management.Till date, the UK has more PRINCE2® certificate holders than any other country across the globe. But now, there are more certificate holders across the rest of the world.According to the Axelos 2016 report:88% of PRINCE2® certificate holders said it had been valuable to their career85% of practitioners stated that PRINCE2® certification has been useful current roleOver 80% of professionals surveyed see the value of working in an agile way.Meanwhile, along with the massive global presence and momentum of PRINCE2®, there are already many established countries that adopted PRINCE2® .Here are the most traditionally popular PRINCE2® regions:UKThe NetherlandsAustraliaEastern and Western Europe – Poland, Denmark, GermanyIt has been some years now, and PRINCE2® has really strengthened its grip in the economic market of superpowers like India and China. In the year, 2012, PRINCE2® examinations in India increased by 168%. A year later, the increase in the rate of examination in China overtook India. These figures look perfect for the project managers. China and India both are ambitious nations and it makes complete sense about why they have adopted PRINCE2® methodology for their projects.More current figures from AXELOS, represent the regions going through the biggest increase in PRINCE2® examinations with every passing year:Why do I need to implement PRINCE2® in my organisation?Well, as stated earlier, PRINCE2® is a high standard method for project management. But what makes it stand out from the other methodologies?Simply because it is adaptable and flexible. Let us elaborate on this.The reason why PRINCE2® is adaptable and flexible is that it represents years of best practice in project management. It focuses on a diverse variety of disciplines and activities, ones which are important while driving a project, and emphasises on the direction the project needs to head towards, that is, ‘Why’, ‘When’, and for ‘Who to’.What it has to provide your organisation with are stated below-It provides a common and seamless approach.Helps in keeping a project organised throughout the process.Repeated and timely reviews of progress are made against plan and Business case flexible decision pointsEnsures that the project continues to meet the business requirements.Provides flexible decision points.Aids to management control of any deviations from the plan if there are anyThe involvement of management and stakeholders at the right time and place during the project.Helps in maintaining good communication channels between the project, project management, and the rest of the organisation.Provides a method of capturing and sharing lessons learnt.Secures a pathway to increasing the project management skills and competences of the organisation's staff at all levels.All right, but why use a project management methodology?It has been known from various surveys that the project managers of high-performing projects are most likely to have been PRINCE2® certified. It enables them to manage the project, take risks, and have control over the use of resources.Since PRINCE2® and its methods are widely renowned and understood, it provides a common language for all the members in a project.It represents years of project management best practice that provides information about a lot of ‘Dos’ and ‘Don’ts’ to the participants in a project.With PRINCE2®, it will become easy for you to maintain a flexible and improved communication system throughout the project by employing Agile methods.Tell me about the training and certificationsPRINCE2® certification is awarded by AXELOS, and in order to get the certification, the user needs to take part in a training course with an Accredited Training Organisation, after which the user needs to sit for an examination. There are three ways to undertake the course: Virtual, Online, and Classroom. Trainers must be re-accredited once in every 3 years and undergo a surveillance check once every year.However, PRINCE2® examinations are either undergone:As a part of a PRINCE2® accredited training course through your PRINCE2® training providerOnlineAt a public PRINCE2® examination centre.Whichever option you select, the PRINCE2® examinations you appear for will have the same style and structure.There are four levels of certification for PRINCE2®:1. PRINCE2® 2017 Foundation: This level of certification confirms that the holder has adequate knowledge and understanding of the method of PRINCE2® and is qualified to work in a project management team using the very method.If you opt for this, then you must be able to:Describe the motive and major content of all roles, the seven principles, the seven themes, and the seven processes.State which management products considered as input or output by using the seven processes.State the main purpose and key contents of the major management products.State the relationships between processes, deliverables, roles, and the management dimensions of a project.2. PRINCE2® 2017 Practitioner: This level of certification confirms that the holder has developed an adequate understanding of the way the concepts of PRINCE2® can be applied in a certain given scenario and will be able to apply the same in a real project scenario under proper guidance. However, qualified PRINCE2® Practitioners who pursue the APMP qualification of the Association for Project Management (APM), are not eligible to attend certain topics of the syllabus, ones that are covered in PRINCE2® Practitioner qualification.         If you go for this, then you must be able to:Produce detailed explanations of all principles, themes, and processes and worked examples of all PRINCE2® products as they might be applied to address the particular circumstances of a given project scenario.Show that you comprehend the relationships between principles, themes, and processes and PRINCE2® products and can apply this understanding.Demonstrate that you understand the reasons behind the principles, themes, and processes of PRINCE2® and that you understand the principles underpinning these elements.Demonstrate your ability to tune PRINCE2® to different project circumstances.The examinees are strongly advised to read the book and review the test exams time and time again.3. PRINCE2® Agile Foundation:This level of certification was released in June 2018 and establishes the fact that the holder has sufficient knowledge and understanding of PRINCE2® and the Agile way of working and is able to work in a project management team by combining the concepts of both.4. PRINCE2® Agile Practitioner: This level of certification identifies the holder as being able to implement the principles of PRINCE2® in project management and apply the concepts of Agile, such as Scrum and Kanban.So, in a brief, to get PRINCE2® Agile Foundation or Agile Practitioner certification, you need to:Show that you understand the basic concepts of the common agile ways of workingShow that you understand the purpose and context for combining PRINCE2® and the agile way of workingDemonstrate your ability to fix and flex the six aspects of a project in an agile contextDemonstrate the ability to tailor the PRINCE2® principles, themes, processes and management products to a project in an agile context.You can visit our link to know more about PRINCE2® Foundation and Practitioner Certification TrainingWhat is the process of Examination?Although you were informed about the four levels of certification in the previous section, the examination format varies accordingly.We will provide you with a brief insight on each format and the prerequisites so that you get a general idea about the same before selecting a course with us.So, here are the four examination formats.The PRINCE2® Foundation Examination format:The duration of examination is 60 minutes.There will be a total of 60 questions.It will be a closed-book examination.You will need to have at least 33 out of 60 questions correct, that is, a pass mark of 55%.Prerequisites: There are no specific pre-conditions for the Foundation level certification.You may study this on your own or as take it as a prerequisite to the PRINCE2® Practitioner course.However, with respect to the PRINCE2® Certification Requirements, while it is not mandatory, having a basic knowledge of managing projects is always preferred.The PRINCE2® Practitioner Examination format:The duration of examination is 60 minutes.There will be a total of 68 questionsYou will need to have at least 38 out of 68 questions correct, that is, a pass mark of 55%.It will be an open-book exam (official PRINCE2® manual only).However, if you take the examination in your native language, then the duration of the same will be for 150 minutes. If not, it will be for 188 minutes. The distribution of the questions will be as follows:35 questions from the theme25 questions from the processesAnd 8 questions from the principles.Prerequisites:In order to appear for the PRINCE2® Practitioner examination, you must be able to provide a proof of passing one of the following exams:PRINCE2® FoundationProject Management Professional (PMP)Certified Associate in Project Management (CAPM)IPMA Level A (Certified Projects Director)IPMA Level B (Certified Senior Project Manager)IPMA Level C (Certified Project Manager)IPMA Level D (Certified Project Management Associate).The PRINCE2® Agile Examination format:It will be an objective test.There will be 50 questions, each worth one mark.You will need a score at least 30 marks to pass (out of 50 available), that is, 60%.The test duration will be of two-and-a-half hours (150 minutes), no additional reading time.It will be an open-book exam (official PRINCE2® Agile guide only)What are the Prerequisites?In order to sit for the PRINCE2® Agile examination, you must have a Registered PRINCE2® Practitioner status (i.e. hold a current PRINCE2® Practitioner certificate).But why should I get PRINCE2® Certified?There are many reasons why it is recommended to study PRINCE2®.The most notable of them are:It is the industry standardIf you are looking to work in project management, then your search ends at PRINCE2®.PRINCE2® is a qualification that is recognised worldwide, one that is approved by the UK government as a best practice for project management. It has turned into an important benchmark of capability within the industry, and is considered an important requirement for those looking to further their project management careers.It helps in gaining First Class Project Management SkillsPRINCE2® offers the skills that will make you confident about managing projects with success. The key element it follows is using a common language, systems, and procedures. What results is you being able to govern resources and risks with fewer mistakes, but the incidents will teach you and your team how to learn from the same mistakes.Irrespective of the type of project, organisation, or industry one is involved with, PRINCE2® is adaptable enough to be seamlessly adjusted, not to forget the immense amount of time, money, and effort it saves.The time taken for you to qualify will not take longIt will not take you long to complete all the certifications of PRINCE2®. Their duration is from 20 to 50 hours for the entry-level PRINCE2® Foundation level, two to three days for the PRINCE2® Practitioner and Professional levels.The first level can be studied online. You can take your own time in scheduling your studies according to the time table. However, if you desire to finish your qualifications at a quicker pace, then there are a host of bundled packages having different classifications together.It assists you in shaping your career by getting better jobsHaving a PRINCE2® certification adds credibility to your CV. It is a renowned international product which has the quality method for managing any project. According to Arras People's 2011 survey, half of the people who opted for the same have certifications in PRINCE2®. This clearly explains why so many companies are hiring candidates who are certified in PRINCE2®.The 2016 AXELOS PRINCE2® survey shows that a majority of the surveyees, particularly from Germany and the Netherlands, felt that PRINCE2® certification is essential for a better career growth. The ones to opine otherwise stood at less than 10% of the total votes.A better future is accomplished by continuously being equipped with the best of the upgrades available and a PRINCE2® certification is one of those top-tier choices.It will qualify you to earn more moneyMany companies worldwide offer an average annual salary of around $42,380 to PRINCE2® Foundation certified candidates. Potential candidates could earn up to $66,206 after they complete their PRINCE2® Practitioner certification,So, being PRINCE2® certified helps you secure your financial benefits and career on a long-term basis.You will be open to more opportunities globallyIt is a fact. PRINCE2® qualifications are recognised and acclaimed globally. So, there is no doubt that it creates more opportunities for you globally.Did you ever dream of working abroad? If yes, then project management could be the ideal choice.What is the cost of the components of the certification?Whether it is PRINCE2® Foundation or PRINCE2® Practitioner, the total cost is split into various segments and varies from country to country and from one accredited training organisation to another. All the fees mentioned here have approximate values and may be subjected to change depending on the region.The components involved in the PRINCE2® certification cost are:PRINCE2® TrainingPRINCE2® examCost of Sample Examination papersStudy GuideMembership fee.Well, opting for a PRINCE2® course online means that the cost of your training component in PRINCE2® could be as low as under $300, considering that you go for a PRINCE2® Foundation & Practitioner Certification examinations bundle. Choosing this combination will give you access to the entire course lasting for a year. Some training providers offer such courses for just $60, provided you want to complete the same within a month. Generally, the Foundation examination could cost around $900 but you automatically would end up paying much less on the PRINCE2® certification if you get one of those bundled courses including both PRINCE2® Foundation & Practitioner Certification examinations.However, in case you think about attending a classroom training, then you may have to pay around $1000 for your PRINCE2® certification. A few of these PRINCE2® courses cover the cost of the PRINCE2® Foundation & Practitioner Certification examinations. So keep the cost of the PRINCE2® certification in mind if you are planning to go for PRINCE2® training. Moreover, take time to pay attention to the extent of course coverage, flexibility and the bundled services that are provided. This will help you cut down on the cost of PRINCE2® certification.PRINCE2® course onlineIf you go for a PRINCE2® course online, you will save a lot of money on the PRINCE2® examination cost. PRINCE2® course online for the Foundation level may cost you €450 or more, but the classroom session may cost €1000 or more. Speaking of PRINCE2® examination cost, you will be able to save quite a lot of money by going for the online course.And what about the future of PRINCE2® professionals?To determine if the PRINCE2® certifications are worth going for, you will need to have a look at the average salaries of the jobs targeted at PRINCE2® certified Project Managers.The average salary of PRINCE2® certified employees is around $85,000 to $90,000.        A number of studies and surveys demonstrate the fact that PRINCE2® certified professionals earn more than their non-certified peers.You may start with the job role of a coordinator or an administrator, but you can rise up to a director’s position with the aid of a PRINCE2® certification.With the help of a PRINCE2® certification, you also become skilled in handling project delivery successfully, thus becoming an invaluable asset to your company.A PRINCE2® certification imparts knowledge on how to manage your resources on the project effectively. Moreover, you will be able to effectively take care of risks and hence aid businesses more.Axelos survey revealed that individuals feel that PRINCE2® Foundation & Practitioner Certification is an invaluable asset for them irrespective of their position.In a nutshell, if you compare the PRINCE2® foundation exam costs, your salary should range from $33,000 to $ 93,000. Hence you can justify the costs of learning PRINCE2® with the staggering salary. Like we mentioned at the beginning of this article, PRINCE2® certified professionals are in high demand in the major companies throughout the world.You will be a sought-after person when your peers and organisation become aware of your skills in project management.ConclusionAll the information and discussion shared above is just the tip of the iceberg of information about PRINCE2®. There are more to follow in our subsequent articles having every useful information that will help you choose your career options, especially when you are standing at the crossroads of selecting the appropriate one for your future.We wish you all the best on your journey to pursuing excellence!
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What is PRINCE2®

PRINCE2® is one of the methodologies which will l... Read More