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In addition to its relative simplicity, PRINCE2 has the following benefits: 1. Why Use PRINCE2 Project Management ?Īs a structured way to execute a project, PRINCE2 ensures that you meet the project goals logically and systematically. Thus, the new and improved PRINCE2 was born in 1996. The methodology was later reviewed and updated by a team of project management specialists and public and private organizations to make it more widely applicable to various industries. The PRINCE methodology was initially developed in 1989 by the Central Computer and Telecommunications Agency (CCTA) as a way for the U.K. Resources and risks are managed by dividing projects into smaller stages, defining clear roles and responsibilities, and using seven processes to manage the project life cycle.
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It’s an outcome-based methodology designed to give project managers the greatest possible chance to run successful, profitable projects.Īs a process-based methodology, PRINCE2 focuses on organization and control over the entire project, from start to finish. PRINCE2 is a project management methodology commonly used worldwide. Let’s get right to it! The PRINCE2 Project Management Methodology Of the many project management methodologies, the Projects IN Controlled Environments (PRINCE2) approach is one of the most versatile and widely implemented.īut what is PRINCE2 project management, and why is it so popular? And more importantly, why should you use it for your projects? To answer these questions, we go over the main components of the PRINCE2, which are:
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Having a project management methodology in place that helps you plan, manage, and complete projects efficiently will see you play the true role of managing projects and not just fighting fires.
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