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What is PRINCE2?

New to PRINCE2? Find out all about this versatile project management approach here.

WHAT IS PRINCE2?

PRINCE2 stands for PRojects IN Controlled Environments. The project management methodology takes a process-based approach to project management which is based on the proven experience of project managers and consultants from across the world. The guidance is supported by three different certifications: PRINCE2 Foundation, PRINCE2 Practitioner, and PRINCE2 Professional. Recognised in the United Kingdom and internationally, PRINCE2 is a truly global qualification which can be taken around the world and used in any industry whether public sector or private, and in any project, no matter the size.

FEATURES OF PRINCE2

There are seven main principles which define and set PRINCE2 apart from other project management approaches. These are a focus on continued business justification, the idea of learning from experience, defined roles and responsibilities for the project team, management by stages, management by exception, a focus on products, and tailoring to suit the project environment.

HISTORY OF PRINCE2

PRINCE2 has evolved from a method called PROMPT II, which stood for Project Resource Management Planning Techniques. PROMPT II was the evolution of PROMPT, which was created in 1975 by Simpact Systems Ltd and adopted by the UK government’s Central Computer and Telecommunication Agency (now defunct) in 1979.

In 1989, the CCTA adopted a modified version of PROMPT II as a standard for IT project management and renamed it ‘PRINCE’. PRINCE began to be applied outside of the IT environment and used by the UK government and in the private sector. In 1996 they released the second version, PRINCE2, as a generic project management method. The latest release of PRINCE2 was released in 2009. In 2013, it became the property of AXELOS, a joint venture between the Cabinet Office and Capita plc.

PRINCE2 is due to be updated again in 2017. The forthcoming update is based on feedback from a range of PRINCE2 practitioners around the world who regularly use the methodology in everyday projects. It focuses on the tailoring of PRINCE2 to varied project environments, as well as clarifying the link between themes and principles and providing specific guidance on the practical application of the methodology. It is expected to be released in June.

 

PRINCE2 BENEFITS

HOW CAN PRINCE2 BENEFIT YOU?

PRINCE2 helps to increase the chance of project success by encouraging and aiding organisation, control of resources and management of risk.

As PRINCE2 is one of the world’s most popular project management methodologies, a PRINCE2 certification can be taken around the world and used as an indication of project management knowledge. As a result, it can greatly improve your employment prospects. Many employers require their employees to be PRINCE2 certified if they’re going to be working in a project environment, but the benefits of PRINCE2 certification aren’t just limited to those working in or looking to work in project management. It can be valuable to a wide range of careers, including IT and operations.

 

HOW CAN PRINCE2 BENEFIT ORGANISATIONS?

PRINCE2 is flexible enough to be applied to any size project in any industry. It provides structure and organisation to projects by formally recognising roles so that everyone involved knows who is responsible for what tasks. Because it is generic, it provides a common project management language so that everyone involved can communicate effectively and understand each other.

PRINCE2’s continual focus on business justification from the beginning means that projects only continue if they are aligned with business objectives and have an adequate business case.

Because it is a framework, PRINCE2 is compatible with other project management qualifications, as well as AXELOS products including MSP and ITIL.

 

WHAT PRINCE2 CERTIFICATIONS ARE AVAILABLE?

PRINCE2 is supported by three certifications. The main ones are PRINCE2 Foundation and PRINCE2 Practitioner. Other certifications are PRINCE2 Professional and PRINCE2 Re-Registration.

PRINCE2 Foundation

PRINCE2 Foundation is the entry level PRINCE2 certification and is designed for those new to the method. The certification is gained by taking a multiple choice exam and does not expire.

PRINCE2 Practitioner

PRINCE2 Practitioner follows on from PRINCE2 Foundation to provide an understanding of how to apply PRINCE2 to the management of a project. You can gain PRINCE2 Practitioner by taking a multiple choice exam based on a given case study. The certification lasts for 3-5 years before it must be renewed.

PRINCE2 Practitioner Re-Registration

PRINCE2 Practitioner Re-Registration is a special exam designed for PRINCE2 Practitioners with an expired certification who wish to ensure they are up to date with all of the PRINCE2 concepts and principles.

PRINCE2 Professional

PRINCE2 Professional is different to the other PRINCE2 certifications in that it is not gained by taking an exam. Instead, candidates are assessed over a number of days on their ability to run a fictional project case study.

We also offer flexible courses that can be taken on weekends for people who are busy throughout the working week, along with residential options if you need to book a hotel with your course.
 

INTERESTED IN TAKING THE PRINCE2 TRAINING COURSE?

To find out more information about our professional PRINCE2 courses, simply browse our site to find training that is perfectly suited to your needs and your career prospects without any stress. Just leave us an enquiry, and one of our representatives will be in touch as soon as possible. 

 

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