PRINCE2™
What is PRINCE2?
PRINCE2™, Projects in Controlled Environments, is one of the world’s leading IT project management methodologies. Originally developed specifically for IT projects, the PRINCE method takes a controlled and steady approach to project management, making it ideal for large scale projects while still being scalable to smaller ones.
Key features and benefits of PRINCE2:
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has a focus on business justification. PRINCE2 provides a defined structure for a project management team
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is a process-based approach to project management
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segments projects into manageable and controllable stages
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can be applied to any project in any organisation
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provides a scalable project management methodology
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gives greater control over resources
The key benefit of PRINCE2 is its versatility. Although PRINCE was originally created for large-scale IT projects, PRINCE2 can apply to any type of project and can be easily scaled through the omission of certain steps.
PRINCE2's key processes
PRINCE2’s seven key processes are:
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Starting up a project—Preparing a project brief, assigning roles, defining the approach, and planning the next stage.
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Initiating a project—Planning a project, project controls, business case, project initiation document.
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Directing a project —Authorizing a project, project direction, and project closure.
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Controlling a stage—Authorizing work to be undertaken and its completion; assessing and reviewing progress.
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Managing stage boundaries—Planning the stages of the project, updating the project plan, business case and risk assessment, creating an exception plan.
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Managing product delivery—Delivering a work package to agreed requirements.
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Closing a project—Executing a controlled close to the project.
PRINCE2 resources
There are currently three levels of PRINCE2 qualification:
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PRINCE2 Foundation
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PRINCE2 Practitioner
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PRINCE2 Professional
In order to become a PRINCE2 Practitioner, you need to pass the Foundation exam followed by the Practitioner exam. All PRINCE2 Practitioners are required to re-register their qualification within a three to five year window by sitting the PRINCE2 re-registration exam.
Anyone looking to expand their professional career with a PRINCE2 qualification can get started with the official PRINCE2 Manual which is key to exam success.