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PRINCE2® is the first choice of project management certifications for many public sector organisations including the NHS, Home Office, Metropolitan Police, British Red Cross, Police Mutual, and Central and Local Governments. Given the tailorable applicability of PRINCE2®, it is no surprise that such authoritative organisations deem PRINCE2 Training as the standard signifier of project management proficiency.
As pressure elevates for public projects to meet the required specification, within budget, and on time, there is a necessity to create a set methodology that can be applied to all projects to ensure justified taxpayer financial expenditure. Hence, the PRINCE2® certifications are becoming more and more valuable for public sector servants.
Home Office and Central government - the Government entities use PRINCE2® as their leading project management method as it ensures that user’s needs are continuously met and that public investment is utilised optimally with minimal profit-consuming practices.
NHS - the NHS utilise PRINCE2® methodology frequently to enhance the delivery of patient care and when conducting transformational projects that alter learning pathways - ensuring that public money is not wasted and care for life is high quality is the central focuses. In fact, for controlled environments such as IT, it is mandatory to use PRINCE2® and is essential for the success of an NHS business case, for projects with an approval value greater than £3 million. Additionally NHS Services Scotland used PRINCE2® methodology to guide their solution based project concerning the Emergency Care Summary (ECS), and Picture Archiving and Communications Systems (PACS).
Police - Cheshire Police have utilised PRINCE2® since 1996 to enhance the quality of communication when devising a modern IT network, and to manage crime responses, as directed by the Chief Officers in charge. The PRINCE2® methodology has allowed Cheshire Constabulary to ensure that their projects have a strong business focus, resources are used optimally, and that individuals take responsibility for their assigned roles.
The Canadian Mounted Police also utilise PRINCE2® methodology - displaying its worldwide relevance and ubiquitous existence. The Canadian police use PRINCE2® to enhance management proficiency and interactions between departments to encourage data information exchanges - making crime prevention projects more successful and harmoniously organised.
PRINCE2® for the Oil and Gas Industry
Never before has the Oil and Gas industry faced such complex projects with a requirement for financial viability and optimal resource utilisation, due to the decline of the current economic climate and pricing regulations. Given the crucial requirement for well-managed projects that are punctual, without risks or issues, and within the original predefined budget, having a PRINCE2® certified Project Manager enhances the probability of project success and financial security. The PRINCE2® methodology helps to ensure that budgets are not consumed with wasteful practices due to productive planning and accountability of roles being at the forefront - hence the possible benefits to the Oil and Gas industry are substantial.
As the current shortage of oil and gas engineers escalates, as the more experienced but technically proficient workers retire, the requirement for efficient people and project management is elevating - making qualified Project Managers much sought-after employees. The Oil and Gas industry is becoming more dependent on technical productivity as demands grow - elevating the potential utilisation of the PRINCE2® methodology. Oil and Gas companies that have utilised and seen the benefits of PRINCE2® include:
The utilisation of PRINCE2® has seen a rapid growth in recent years, and the construction industry is certainly no exception. Embraced by leading construction organisations such as the Highways Agency, PRINCE2® certifications are becoming a standardised pre-requisite for Project Managers and contributors heading into the construction workplace. This should come as no surprise given that the PRINCE2® methodology considers a range of factors that are essential for construction projects, such as adhering to predetermined costs, budgets, risks, scope, timescales, and most importantly for construction, quality.
The PRINCE2® methodology is so flexible that it can be applied to a range of construction projects regardless of ambition, size, budget, or purpose, hence having PRINCE2® practitioners planning projects is a sure way to enhance financial value and business justification of construction-based projects. The construction industry and PRINCE2® work harmoniously together due to their combined aim to deliver quality products that meet the pre-stated stakeholder/customer demands. Benefits of PRINCE2® in the construction industry include:
The construction industry has developed a negative reputation for delivering over-budget, late, and issue-saturated projects, hence having astute Project Managers that deliver punctual quality is essential to the success of a project. These businesses have taken steps towards project success, through implementing PRINCE2®:
UK Highways Agency, IPP Contracting Ltd - utilise PRINCE2® to encourage planning and management of a project throughout its full lifestyle - regardless of whether the project is a single stage project or an extensive longitudinal construction. The appreciation of risk and issue management within the methodology has allowed the Highways Agency to implement PRINCE2® across a number of different projects, simultaneously to other frameworks - demonstrating its flexibility.
PRINCE2® was founded for the IT industry and is often criticised for being too focused on the IT industry - hence PRINCE2® is the choice of many and is adopted on a daily basis to increase the productivity of projects. The methodology allows IT companies to monitor the control and management processes regardless of a project’s size, type, or scope. The ability to control a project and review its accomplishments every step of the process, allows IT companies to fully apprise a project’s financial viability to decide whether to pursue a project or to alter the objectives.
The IT industry faces a variety of challenges compared to most, as it has to respond to the ever-changing nature of technology and customer demands. The versatility of the PRINCE2® methodology is suited to IT projects because it is:
IT companies that utilise PRINCE2® methodology include:
The sacrosanct nature of the banking industry means that Banks must select their management and business frameworks carefully to ensure data protection and financial stability. Hence the utilisation of the PRINCE2® framework by Banks demonstrates the industry’s trust in the methodology and PRINCE2®’s dominance.
The banking industry depends on the PRINCE2® methodology when initiating e-banking/online banking projects, due to its flexibility and prescribed responsibility taking - ensuring that every action within a project is planned and that an individual is accountable for each contribution. Possession of a PRINCE2® certification within your investment banking qualification portfolio will significantly enhance your ability to manage projects and elevate your employability prospects within the banking industry.
A Finance Project Manager, with expert knowledge of the financial industry combined with proficient project management skills, can potentially earn between £70,000-90000*, due to taking on the responsibility of instigating financial service transformational changes.
*Information obtained from PayScale
PRINCE2® methodology in Banking practice:
Barclays - utilised PRINCE2® to implement a new change governance framework that enabled a consistent approach to projects across departments, with a focus on financial viability, control, accountability, and ownership, and a long-term intention of creating a product that meets customer demands. The framework allowed Barclays to review the viability of the business case, and to calculate the benefits accumulated from the project, every quarter of the year.
PRINCE2® is underpinned by 7 key themes including Organisation, Quality, Planning, Risk Management, Initiating Change, Business Case Justifications, and Progress - hence PRINCE2®’s relevance, clear crossover, and benefits for engineering projects. The engineering industry relies heavily on the proficiency of Project Managers, as they determine the plan of action - whilst managing people and fulfilling the technical requirements. Given the variety of constituents that are involved in a successful engineering project, organisational and management skills are crucial.
The PRINCE2® methodology stresses the importance of following a set process in a step-by-step manner, which fits in accordance with the majority of engineering projects when providing an end product, device, or structure. Undertaking PRINCE2® training courses allows aspiring Project Managers in the engineering industry to develop innovative management skills and to utilise all of their available resources efficiently, both in terms of consumption and financial expenditure. The methodology is beneficial for engineers due to encouraging punctual delivery of quality products - key to determining engineering success.
Operations Management and PRINCE2® go hand in hand - they both recognise the importance of following a process-driven framework to enhance project productivity. However, PRINCE2® training courses give Operations managers the skills and techniques to enhance project success, in terms of delivering a quality product at the project’s conclusion that is on time and within budget. Within the PRINCE2® framework, Project Managers are encouraged to create a thorough but flexible plan and appraise the viability of continuing the project at regular stages - continually reviewing the financial value and the anticipated product quality.
Given that operations management often involves managing a plethora of projects at one time, the clearly defined responsibilities prescribed by the PRINCE2® framework allows clarity to be at the forefront of all activities - meaning that every aspect of a project is controlled and organised. Management companies that implement PRINCE2®, are able to fully utilise their resources to ensure that stakeholders are fully satisfied, through developing a comprehensive and justified business case. PRINCE2® certifications ensure that capable Project Managers have the skills to place the individuals with the required skills in the correct roles - enhancing end to end project productivity.
Marketing is a sector that is limited to and success is determined by pre-set budgets and deadlines, hence following the PRINCE2® methodology is beneficial when instigating and concluding a punctual and within-budget project. The proliferation of contract-based Marketing within the sector has led to companies taking steps to ensure that projects are delivered to the pre-defined quality requirements - their reputation depends on it and therefore their business network too. Marketing campaigns vary in terms of size and complexity, which is why the PRINCE2® framework fits the Marketing sector so well - once an understanding of the methodology has been obtained, the tools can be applied to any and every appropriate project.
Given that Marketing projects involve working with a variety of stakeholders from varying specialisms, PRINCE2® is beneficial as it allows various project contributors to establish clear roles and responsibilities, whilst utilising a common terminology-based framework - ensuring that everyone is on the same wave-length. The complexity of Marketing projects in terms of the number of contributors mean that the Management by Exception principle can be pivotal - only informing senior managers when it is entirely necessary, rather than bombarding them with unnecessary information that worries them and initiates their exercise of dominant overarching control, distracts away from the project’s objectives.