PRINCE2 - Overview
last edited by: Faisal Adnan Siddiqui on Mar 16, 2025 5:38 PM | login/register to edit this page |
![]() PRINCE2 is one of the most popular project management methodologies. the term "PRINCE" refers to PRojects IN Controlled Enviroments. PRINCE2 offers two levels of professional certifications ie Foundation and Practitioner. The 7th edition of PRINCE2 Official Manual was released in 2023 and a number of significant changes were introduced in the latest version of PRINCE2. As per PRINCE2 7th edition, a "Project" is defined as "A temporary organization that is created for the purpose of delivering one or more business products according to an agreed business case". A few points to remember are the "temporary organization", "purpose of delivering", "business products" and "agreed business case". PRINCE2 highlights that the basic characteristics of any project include: 1. Being Unique: Every single project is different from the other. 2. Change: The purpose of any project is meant to introduce some change. 3. Temporary: Every project must have a starting date and an end date. 4. Cross-functional: Every project needs cross-functional skills and resources to accomplish the required tasks of delivering the product. 5. Uncertainty: Keeping in view all the other characteristics, it is not difficult to understand that every project has uncertainty and risks associated with it. PRINCE2 is composed of 5 integrated elements: 1. The PRINCE2 Principles; These are 7 Guiding obligations. All of the 7 principles have to be applied to a project to be considered as a PRINCE2 project. The seven PRINCE2 principles are:
3. The PRINCE2 Practices These are the 7 essential aspects of project management that need to be applied consistently and throughout the project lifecycle. The Practices have replaced Themes in the PRINCE2 methodology. There are Seven Practices in PRINCE2 7th edition:
Project Performance targets are the baseline against which the success of any project is measured. PRINCE2 discusses 7 performance targets for a project:
There are also a lot of training providers who offer educational courses which cover PRINCE2 and how it can be applied to your work. A few examples can be found below, but there are many other providers out there, so make sure to thoroughly research what each is offering. Allcourses - https://www.allcourses.ie/courses/project-management/ Future Learn - Project Management courses ICS Learn - Project Management courses ITOnlineLearning - PRINCE2 courses Knowledge Train - Knowledge Train - PRINCE2 courses PRINCE2.com - PRINCE2 training courses QA - QA Project Management courses Training.com.au - Project Management courses in Australia Training.co.nz - PRINCE2 courses in New Zealand The Knowledge Academy - Project Management courses TAFEcourses - TAFE project management courses Mindfluential Solutions - https://www.mindfluentialglobal.com/
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last edited by: Faisal Adnan Siddiqui on Mar 16, 2025 5:38 PM | login/register to edit this page |
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