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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:

  • has a focus on business justification. PRINCE2 provides a defined structure for a project management team
  • is a process-based approach to project management
  • segments projects into manageable and controllable stages
  • can be applied to any project in any organisation
  • provides a scalable project management methodology
  • 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:

  • Starting up a project—Preparing a project brief, assigning roles, defining the approach, and planning the next stage.
  • Initiating a project—Planning a project, project controls, business case, project initiation document.
  • Directing a project —Authorizing a project, project direction, and project closure.
  • Controlling a stage—Authorizing work to be undertaken and its completion; assessing and reviewing progress.
  • Managing stage boundaries—Planning the stages of the project, updating the project plan, business case and risk assessment, creating an exception plan.
  • Managing product delivery—Delivering a work package to agreed requirements.
  • Closing a project—Executing a controlled close to the project.

PRINCE2 resources

There are currently three levels of PRINCE2 qualification:

  • PRINCE2 Foundation
  • PRINCE2 Practitioner
  • 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.