What is PRINCE2

PRINCE2 (or Projects IN a Controlled Environment) is a structured project management method created by project managers, for project managers. It was created through the experience of working on thousands of projects, and by respected individuals, teams, academics and trainers from the project management world.

PRINCE2 isolates the management aspect from specialist contributions such as design and construction, allowing you to focus on the management aspect of your organisation, reducing inefficiencies and justifying projects. This is not to say the specialist contributions are forgotten altogether; they can be implemented into the PRINCE2 method with ease and help provide a secure overall framework for the project.

The PRINCE2 Principles

There are a number of guiding requirements and good practices which determine whether PRINCE2 is being used to manage the project. Unless the following seven principles are being applied, the project cannot be deemed to be a PRINCE2 project:

Continued business justification – is there a justifiable reason for starting the project that will remain consistent throughout its duration?

Learn from experience – PRINCE2 project teams should continually seek and draw on lessons learned from previous work.

Defined roles and responsibilities – the PRINCE2 project team should have a clear organizational structure and involve the right people in the right tasks.

Manage by stages – PRINCE2 projects should be planned, monitored and controlled on a stage-by-stage basis.

Manage by exception – PRINCE2 project have defined tolerances for each project objective to establish limits of delegated authority.

Focus on products – PRINCE2 projects focus on the product definition, delivery and quality requirements.

Tailor to suit the project environment – PRINCE2 is tailored to suit the project’s environment, size, complexity, importance, capability and risk.