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The extensive PRINCE2® manual, Managing Successful Projects with PRINCE2 2017 Edition, consists of principles, themes, and processes, that have the intention of providing a wealth of authoritative guidance to Project Managers.
The PRINCE2® method is centred around seven principles, including:
Business Justification - can you justify the value of the project at each stage of the lifecycle?
Learn from Experience - Project Managers should utilise their knowledge gained from prior experiences in order to improve upon their practice
Roles and Responsibilities - clear roles should be established with clear delegation, ownership, and accountability
Manage by Stages - after the completion of each stage, an appraisal should be completed to clarify the project’s objectives and resource optimisation
Manage by Exception - tolerances are defined to ensure and establish an absolute limit of authority
Focus on Products - quality of product delivery should be paramount and a central focus of the project
Tailor to Suit the Environment - the PRINCE2® framework can be tailored to the project’s requirements, regardless of size, complexity, and scope
There are 7 PRINCE2® themes that a Project Manager must consider throughout the project, including:
Business Case - Can you justify the value of the project’s intentions and objectives for the organisation?
Organisation - how to establish distinguished project roles and responsibilities
Quality - What measures of quality will determine a project’s success?
Plans - PRINCE2® offers planning techniques rather than a stringent planning process
Risk - how will project uncertainty and adversity be prepared for?
Change - how the Project Manager will respond to unforeseen project or objective alterations
Progress - Performance appraisals throughout the project will determine whether a project should progress or cease to exist
The PRINCE2® processes crucially differ from the aforementioned principles - processes allow you to follow the PRINCE2® methodology throughout a project’s lifecycle, from planning to delivering the final product, including:
Starting up a Project - assessing the project’s feasibility to justify value and viability
Initiating a Project - the planning phase completed by the Project Manager to clarify the project’s strategies, and monitoring methods
Controlling a Stage - monitoring the day-to-day functioning of the project to assess whether the delivery is within the pre-agreed tolerances
Managing Product Delivery - enables the delivery of a specialist and high-quality product that meets the customer’s/stakeholder’s requirements
Managing Stage Boundaries - the reviewing phase that occurs after each stage to assess the project’s developing success
Closing a Project - the Project Manager concludes the project and transfers the final product to the customer/stakeholder, in addition to assessing the project’s overall success
The Knowledge Academy delivers high-quality PRINCE2 Courses so that you can learn these methodologies. If you are interested, please contact us for more information.