What is PRINCE2

Definition

PRINCE2 is an acronym for Projects IN Controlled Environment. This is a process based project management methodology used by UK government and private sectors worldwide. PRINCE2 has set of best practice recommendations for project management. PRINCE2 is heavily process driven. It gives guidance on various states of project such as start, middle and end.  It gives guidance on managing the project throughout its lifecycle. It has recommendations for different processes and methods for management. It involves producing various artefact through all stages of projects.

History

PRINCE2 framework is based on PRINCE methodology created in 1989. The framework was collectively formed by more than 150 European companies in 1996. PRINCE and PRINCE2 is recognised worldwide and effective project management methodology.

Benefits

PRINCE2 framework provides set of best practice guidelines for project management. Corporations can able to manage projects more effectively using this methodology.

Organisations using PRINCE2 methodology are able to deliver quality projects which are managed and controlled consistently and effectively. They are able to track the projects actual progress against the estimated timeline. They are able to predict expected project benefits with greater accuracy.

Project managers are able to divide projects into smaller sections which can be managed and controlled easily. They are able to reduce the project overheads, remove the resource contention and are able to mitigate project risk at greater extent.

PRINCE2 provides set of guidelines which can be commonly adapted across the industry. PRINCE2 provides Managers and project Managers organised approach to control the start, middle and end of the project lifecycle. Project managers are able to conduct regular reviews and track project progress against project plan. Project managers are able to measure projects intended outcome and estimate the business benefits.

PRINCE2 list the stages of the process. It gives guides on artefacts to produce during these stages. It gives you various tools and resources to manage the project effectively.

PRINCE2 Certifications

PRINCE2 has various PRINCE2 certification level geared for different levels of project management.

PRICE2 Foundation

PRICE2 Foundation gives basic overview of PRICE2 methodology. This is a good starting point for individuals who want to pursue a career in project management.

PRINCE2 Practitioner

PRINCE2 Practitioner is geared towards project managers who are already working in PRINCE2 Project. This courseware gives in depth knowledge of PRINCE2 methodology.

Both of these certificates are available in online or instructor led format.

PRINCE2 Foundation and Practitioner

Individuals can choose to undertake both Foundation and Practitioner courses together.

PRICE2 Re-Registration

Individuals with either PRINCE2 Foundation or Practitioner certificate need to pass re-registration certificate within 5 years.