What is PRINCE2®?

• PRINCE2® (PRojects IN Controlled Environments) is a structured project management method based on experience drawn from thousands of projects – and from the contributions of countless project sponsors, Project Managers, project teams, academics, trainers and consultants.
• PRINCE2® is a non-proprietary method and has emerged worldwide as one of the most widely accepted methods for managing projects. This is largely due to the fact that PRINCE2® is truly generic – it can be applied to any project regardless of project scale, type, organisation, geography or culture.
• PRINCE2® achieves this by isolating the management aspects of project work from the specialist contributions, such as design, construction etc. The specialist aspects of any type of project are easily integrated with the PRINCE2® method and, used alongside PRINCE2®, provide a secure overall framework for the project work.
• Because PRINCE2® is generic and based on proven principles, organizations adopting the method as a standard can substantially improve their organisational capability and maturity across multiple areas of business activity – business change, construction, IT, mergers and acquisitions, research, product development and so on.

 Benefits of PRINCE2®

PRINCE2® embodies established and proven best practice and governance for project management. It can be applied to any type of project – and can easily be implemented alongside specialist, industry-specific models (‘engineering models’ or ‘development lifecycles’).

The method is widely recognised and understood, and therefore provides a common vocabulary for all project participants – promoting effective communication. The method also provides for the explicit recognition of project responsibilities – so that participants understand each other’s roles and needs. There is a defined structure for accountability, delegation, authority and communication.

• Promotes consistency of project work and the ability to reuse project assets; it also facilitates staff mobility and reduces the impact of personnel changes/handovers.
• Is an invaluable diagnostic tool, facilitating the assurance and assessment of project work, troubleshooting and audits.
• Plans are carefully designed to meet the needs of the different levels in the management team, improving communication
  and control.
• Ensures that participants focus on the viability of the project in relation to its Business Case objectives – rather than simply seeing the completion of the project as an end in itself.
• Defines a thorough but economical structure of reports.
• Ensures that stakeholders (including sponsors and resource providers) are properly represented in planning and decision making.

Adopting PRINCE2® promotes learning and continual improvement in organisations. Its product focus clarifies (for all parties) what a project will deliver, why, when, by whom and for whom. It is based on a ‘management by exception’ framework, providing for the efficient and economic use of management time (whether at corporate, programme, Project Board or project management levels).

To discuss your PRINCE2® training requirements call Sarah Harvey now on 0800 0245 3045.