PRINCE2 Project Management Method

• What is expected of me?
• What should I expect of the Project Manager?
• What kind of decisions am I expected to make?
• What should I do when things don't go as planned?
• What information is required/ available to help me make decisions?
• Whom can I approach for support?>
• How can I adjust the method to my own project?

What is the core of the PRINCE2 method?

The PRINCE2 method was created for all project stakeholders. It is universally applicable - it provides principles, processes and techniques that enable managing any project.

PRINCE2 is a structured project management method characteristic by its logical, controlled & "good common sense" approach to managing projects.
Its main parts include:

• Process model
• Establishing the organization needed to manage the project
• Definition & enforcement of clear responsibilities for directing, managing & delivering the project to make it run in the most effective and economic way
• Applying management by exception, which plays a key role in problem solving within the project.

What benefits might your company expect from implementing the new version of PRINCE2?

• It is applicable to all types of projects and easy to integrate with other AXELOS standards, e.g. ITIL.
• It is generally accepted and provides a common vocabulary for all project participants, what supports effective communication
• It offers more practical advice how to tailor the method (especially for small projects)
• It focuses on benefits, their monitoring and realization
• It is not bureaucratic: it does not require documents and meetings, but information and decisions
• More practical tips, less prescriptive, more flexibility
• It shows clear linkages to other standards and bodies of knowledge.