About PRINCE2 Project Management
PRINCE2® is a structured Project Management methodology that consists of four integrated essential elements:
- Seven Principles
- Seven Themes
- Seven Processes
- Project Environment
The PRINCE2® methodology is based on experience taken from thousands of projects and the contributions of innumerable project sponsors, Project Managers, academics, consultants, trainers and project teams. It steers you through all the fundamentals that are required to run, and complete, a successful project. It is user-friendly and can be adapted to the specific needs of the project.
When using the PRINCE2® method, management aspects of projects are separated from the specialist submissions (such as design and construction). These specialist aspects can easily be integrated with this method and, when used in conjunction with PRINCE2®, will provide a secure framework for the project.
The generic attributes of PRINCE2®, which are based on tested and proven principles, mean that organisations can greatly improve their capabilities to organise across various areas and sectors. These can include Business Change, IT, Construction and Product Development.
The good practices and guiding prerequisites which establish whether the project is legitimately being managed using PRINCE2®. All seven of these Principles need to be adhered to or it is not truly a PRINCE2® project.
The Seven Principles of PRINCE2® are:
- Continued Business Justification
- Learn from Experience
- Defined Roles and Responsibilities
- Manage by Stages
- Manage by Exception
- Product Focus
- Tailor to suit the Project Environment
The seven themes explain the precise treatments required by PRINCE2® for a range of project management disciplines and why they are crucial. These describe aspects of project management that must be attended to throughout the duration of the project.
The Seven Themes of PRINCE2® are:
- Business Case
The processes detail the steps of the project lifecycle; from the start of the project to its closure. The PRINCE2® Process Model divides the activities required to plan and implement the project into seven distinct, but linked processes. Each of these processes presents checklists of key activities, products and related responsibilities.
The Seven Processes of PRINCE2® are:
- Starting up a Project (SU) - Gathering basic information and gaining initiation stage authorization
- Directing a Project (DP) - Senior management taking decisions at key points of the project
- Initiating a Project (IP) – Creating, and gaining agreement, on the planned overall approach to the project
- Controlling a Stage (CS) - Assigning work to Team Managers or team members and dealing with issues and risks
- Managing Product Delivery (MP) - Controlling development of the projects products;
- Managing Stage Boundaries (SB) – Taking stock and getting ready for the next part of the project
- Closing a Project (CP) - Making sure the project has delivered the required outcome.
PRINCE2® can be used whatever the project scale, complexity, geography or culture. It can also be used as part of a programme or managing a ‘stand-alone’ project. It is an important principle that a PRINCE2® project tailors the method to suit such contexts. Tailoring refers to the appropriate use of PRINCE2® on any given project, ensuring that there is the correct amount of planning, control, governance and use of the processes, principles and themes. PRINCE2® is a flexible framework that can be tailored without difficulty to any type or size of project.