PRINCE2 Foundation

Many Project Managers identify the value of Prince2 due to these benefits - it's recognized as being a Best Practice Methodology and possesses a standard terminology and composition, it is extensively recognised, known and recognized world wide, it's got the versatility to adjust to various size projects and is also supported by United Kingdom Government. So, to take into consideration even further the things mentioned above. Prince2 and Best Practice - Prince2 continues to be used for longer than 3 decades. It is well known as being a unparalleled system, and it is usually the established approach for project management. This came to exist as a result of having the capacity to modify Prince2 to the project. It has been created to support an array of functions needed in a project. Using its established tasks within a project Prince2 permits the team to focus on the outcome for the project and supplies: 1) A formal, controlled system. 2) Continuous validation against the Business Case. PRINCE2 Course 3) Any deviations around the plan are reviewed and taken care of. 4) Stakeholders and Management are involved where best suited. 5) Organized and established communication avenues. 6) Capture and distribution of lessons uncovered.

It is everywhere - PRINCE2 was created in UK, originally by the Office of Government Commerce, and is now the industry recognized standard for Project Management in Britain. Its success has led to Prince2 becoming popular in more and more countries around the world. It may be tailored to any size of project - Even though the Prince2 Principles remain in place for any size of project, the processes can be scaled back to suit a smaller sized venture. For instance the Starting up a Project process can usually be handled in a less formal way. It may possibly be appropriate to mix the Starting up a Project and Initiating a Project processes (that is, without needing a Project Brief). When there is only the Project Manager, then the Stage Plan may be enough. Prince2 is easily adjusted to fit the size of the project. In Conclusion - As you can tell, the flexibility and consistency of Prince2 make it an important tool for the Project Manager.