PRINCE2

PRINCE2 (PRojects IN Controlled Environments) is a generic, tailorable, process-based method for effective project management. It covers how to organize, manage and control  projects.

PRINCE2 is a de facto standard used extensively by the UK Government and is widely recognised and used in the private sector, both in the UK and internationally.

It is aimed at enabling projects to successfully deliver the right products, on time and within budget. Project Managers can apply the principles of PRINCE2 and the associated training to any type of project. It will provides guidance on how to manage risk, control quality and change effectively, as well as make the most of challenging situations and opportunities that arise within a project.

PRINCE2 formal recognition of responsibilities within a project, together with its focus on what a project is to deliver provides organisation's projects with:

• A controlled and organised start, middle and end
• Regular reviews of progress against plan
• Assurance that the project continues to have a business justification
• Flexible decision points
• Management control of any deviations from the plan
• The involvement of management and stakeholders at the right time and place during the project
• Good communication channels between the project, project management, and the rest of the organisation
• A means of capturing and sharing lessons learned
• A route to increasing the project management skills and competences of the organisation's staff at all levels

The method PRINCE2 is in the public domain, offering non-proprietorial best practice guidance on project management. PRINCE2 is a registered trademark of OGC.

• 05 Sep 2010
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