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PRINCE2 Project Management Method

PRINCE2 (PRojects IN Controlled Environments) provides answers to questions commonly asked by people involved in managing projects like:
  • 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.