In the project management industry, you will probably hear the phrase “PRINCE2®” more than any other. We’re here today to help you break down what PRINCE2® is and bust a lot of the jargon behind it.
PRINCE2® stands for PRojects IN Controlled Environments (the 2nd version) and is a process based methodology for managing projects. A methodology, as you will remember from the last post in this series, is a system of processes used in an area of activity and the PRINCE2® methods comprise of seven processes, principles and themes.
It is accredited by AXELOS and used extensively by the UK government, but it is also widely recognised and used in the private sector, both in the UK and internationally. PRINCE2® can be tailored to meet industry specific requirements or organisational requirements and can be adapted to all types of projects.
Firstly, we’ll focus on the PRINCE2® Principles. The Principles are the guiding requirements and good practices which determine whether the project is genuinely being managed using PRINCE2®:
Next, the PRINCE2® Themes will describe aspects of project management that must be addressedin parallel throughout the project. They explain the specific treatment required by PRINCE2® for various project management disciplines and why they are necessary:
And finally, the PRINCE2® Processes which describe the steps of the project lifecycle:
That has been our introduction to PRINCE2®, tune in tomorrow to find out more about Agile & Scrum!