Project Performance International

PRINCE2™ is a structured project management methodology which consists of a series of steps (processes). A project manager, and each other member of a project team, can follow these steps to help effectively undertake a project.

The method is a complete and logical set of processes that ensures that all important aspects of a project are addressed. The methodology is based upon common sense.

PRINCE encompasses:

• Starting up a project
• Initiating a project
• Planning
• Controlling a stage
• Managing product delivery
• Managing stage boundaries
• Directing a project
• Closing a project

The method has components to guide users through development of the Business Case, Project Organization, Plans, Controls, Management of Risk, Quality in a Project Environment, Configuration Management and Change Control. PRINCE2™ also offers techniques for Product Based Planning and Quality Reviews.

PRINCE2™ can suit any type of project, and is scalable to align efficiently and effectively with any size of project.

PRINCE was developed in the UK in 1975 and underwent several enhancements after acquisition by the UK government in 1979. A consortium of 150 European organization contributed to the revision and PRINCE2™ was released in 1996. PRINCE2™ is now a de facto world standard, in use in at least 28 countries and many thousands of organizations. PRINCE2™ is a public domain methodology.

PRINCE2™ offers to organizations that manage projects the benefits of:

• Eliminating the need to re-invent a management method for each new project
• Delivering a standard, but flexible, project management framework for the organization
• Ensuring stakeholders are represented and share in project ownership
• Ensuring clarity and congruence of project objectives
• Agreement between stakeholders of quality and performance expectations
• Investing in sufficient planning prior to commencing a project
• Anticipating current and potential problems and risks and planning to meet these
• Co-ordination of project resources
• Decision-making milestones incorporated within the plan
• A mechanism for early warning and dealing with deviations from plan
• Communications, both within and external to the project
• Control and progress reporting of project status, specifically achievement of the Business case.

PRINCE2™ is a Trade Mark of the Office of Government Commerce.

PRINCE2 Project Management Course