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.
There are many benefits of using PRINCE2 but primarily it:
- ensures that the project management is focused on the continuing viability of the project in relation to its Business Case ;
- involves senior management in the project at the right time and in the right place ;
- focuses on Products which provides clarity for all parties involved on what the project must deliver, why, when, by whom and for whom ;
- facilitates controls at all levels ;
- ensures that work progresses in the correct sequence ;
- allows the project to be stopped and, if required, re-started completely under management control, at any time in the project's life ;
- has a well established User Group dedicated to the support, promotion and strengthening of the method.
PRINCE2-Mapping of the Global Alliance for Project Performance Standards (GAPPS) >
* PRINCE2® is a Registered Trade Mark of the Office of Government Commerce in the United Kingdom and other countries. The Swirl logo™ is a Trade Mark of the Office of Government Commerce.
