PRINCE2 ® - PRojects IN Controlled Environments

First established as PRINCE in 1989 based on PROMPT, an information system projects management method created by Simpact Systems Ltd in 1975. PRINCE2 ® was pub-lished in 1996, having been contributed to by a consortium of some 150 European organisations and has since been revised in 1998, 2002, 2005 and 2009.

PRINCE2 is a structured project management method that can be applied regardless of project scale, type, organisation or culture. It is one of the most widely accepted methods for managing projects worldwide. It isolates the management aspects of project work from the specialist work. This provides a secure framework for any type of project across multiple areas of business activity such as business change, construction, IT, mergers and acquisitions, research and product development.

PRINCE2 is an integrated framework of processes and themes which addresses the planning, delegation, monitoring and control of the six variables involved in any project, those of Costs, Timescales, Quality, Scope, Risk and Benefits.