PRINCE2 Overview 

PRINCE2 Overview

PRINCE2 is one of the most widely used methods for managing projects worldwide.

It is a structured project management method that uses the experience gained from thousands of projects, as well as contributions from countless project sponsors, project managers, project teams, academics, trainers, and consultants.

PRINCE2 has been designed to be adaptable so that it can be applied to any project, regardless of its purpose, scale, type, organization, geography, or culture.

This is achieved by separating the management of the project from the specialist development activities, such as

• design or construction
• allowing any specialist activities to be integrated into a controlled environment for the project
• focusing on what needs to be done to manage the project, rather than prescribing how work is done
• requiring that the method is established specifically for the needs and context of the project by the way it is applied and tailored.

“A project is a temporary organization that is created for the purpose of delivering one or more business products according to an agreed Business Case”.

The Project Manager has the responsibility to plan the work, delegate the work, monitor the work progress, take corrective action if needed, and update the plan with the current and forecast situation:

Business As Usual (BAU) is sometimes called ‘operational management’, and as such are often the recipients of the end products of a project.

Projects are different to BAU and have the following FIVE characteristics:

• It uses projects to deliver change
• Projects are temporary and have a defined start and finish time. After the change is delivered the project is disbanded
• Projects use cross functional teams, often from other organizations to work together on a temporary basis
• Each project is unique, some may be similar but they are always different in some aspect
• Because project deliver change they have risks and hence uncertainty, and this has to be managed

PRINCE2 Project performance management

There are six aspects of a project that need to be controlled and they are:

Costs. The project must be affordable and needs an agreed budget.

Timescales. Every project has duration – defined as the timescale between start and finish.

Quality. The products that a project creates must be fit for purpose.

Scope. The project scope describes exactly what the project will deliver and therefore describes the scope boundary – the project will deliver nothing beyond that.

Risk. Every project has risks, but we need ensure that the total severity of all risks are acceptable

Benefits. The project is an investment and it is important to understand why the project is being done. It delivers products that will realize benefits, and this have to outweigh the project time, cost and risk

Project and Programme differences

“A programme is a temporary flexible organization structure created to coordinate, direct and oversee the implementation of a set of related projects and activities in order to deliver outcomes and benefits relating to an organization’s strategic objectives. A programme may have a life that spans several years”

The Benefits of using PRINCE2

In addition to being an established method and qualification used worldwide,

PRINCE2 has the following benefits:

• based on established and proven practice and governance for project management universal
• proven: can be applied to any project, of any scale, and easily implemented alongside specialist, industry-specific models (such as engineering models or development lifecycles)
• flexible: can be tailored to meet the specific needs of the organizations involved common language and concepts
• widely recognized and provides a shared vocabulary for all participants, which encourages consistency and the ability to reuse project assets, facilitate staff mobility, and reduce the impact of personnel changes or handovers
• outcome-focused: ensures that project participants focus on the viability of the project in relation to its business case objectives, rather than simply seeing the completion of the project as an end in itself, which ensures that stakeholders (including sponsors and resource providers) are properly represented in planning and decision-making increased organizational maturity
• promotes learning from project experience and continual improvement in organizations part of an integrated suite of methods
• designed to work with other PeopleCert guides on programme management, portfolio management and risk management.
• PRINCE2 enables the right information to be available at the right time for the right people to make the right decisions.

PRINCE2 Masterclass

Fully compliant with the current PRINCE2 2023 Syllabus

5.0

Your Route To PRINCE2 Practitioner

Prepare for your PRINCE2 Foundation and Practitioner Exams with our famous on-line course with streaming HD Video Lessons, study guides and mock exams. In the last fifteen years we have had 6,000+ Academy students successfully transform their careers as PRINCE2 Practitioners.

• Bite Sized Lessons  The sheer size of PRINCE2 can be daunting. The Masterclass will guide you through the syllabus in easy to consume bite sized lessons
• Be prepared and confident for the exams  Test your knowledge in a fun, entertaining environment with the PRINCE2 Foundation & practitioner exam revision tools
• Enjoy yourself!  This PRINCE2 Foundation & Practitioner online course is broken into bite-size lessons, combining leading edge multimedia and interactive exercises for optimum enjoyment and knowledge retention
• Feel confident with full tutorial support  Benefit from fast access to experienced, one-to-one learning support as you study via email and phone, so there is no need to feel isolated while you are learning
• Take your time  Study at your own pace by bookmarking your progress and picking up where you left off at a speed that suits you