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PRINCE2® is a structured management method that is applicable to projects of any size or complexity. It draws from the experience of hundreds of Project Managers and Consultants worldwide to provide a generic best practice framework for managing projects. The approach adopted by PRINCE2® is process-based, tailored and scalable. It structures projects into four elements: principles, themes, processes and the project environment. These four elements must be addressed in order to be considered a PRINCE2® project.
PRINCE2® is the most prevalent project management methodology in the UK, closely followed by Agile, APMP, and Scrum. As well as this, PRINCE2® is the second most utilised methodology in the world, beaten to the top spot only by Project Management Professional (PMP)®. These facts display the establishment of PRINCE2® as a universally applicable and highly regarded project management framework. Its heavy focus on productivity and exercising resources is for the purpose of boosting organisational ability and endurance when difficulties occur. The implementation of PRINCE2® can greatly enhance the likelihood of project success, and thus economic benefits.
PRINCE2® started out as PROMPT II (Project Resource Organisation Management Planning Techniques), an early project management methodology adopted by the UK Government’s Central Computer and Telecommunication Agency (CCTA) as a standard for IT project management. The CCTA changed the name of this method to “PRINCE” (Projects in Controlled Environments) in 1989. The second version, PRINCE2®, arrived in 1996 as the generic method we know today, with a further update arriving in 2009. Today, PRINCE2® is owned and maintained by AXELOS, a joint venture company created by the UK Government and Capita.
PRINCE2® has recently experienced an update. Early in 2017, due to feedback from PRINCE2® Practitioners, it was announced that the PRINCE2® syllabus would be revised and ready for implementation by July. The update utilises the same principles, themes, and processes, although the links between such principles and themes are clarified in more detail. Another essential area of the update involves the implementation of PRINCE2® structures to actual workplace circumstances. The revised version of the PRINCE2® syllabus aims to provide delegates with more extensive guidance regarding real-life methodology application. Furthermore, the format of all examinations have undergone minor modifications, and the teaching methods likewise.
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