PRINCE2 which stands for Projects IN Controlled Environments - version 2 is an advanced conventional standard and project management methodology used widely across the globe and is broadly recognized and applied in the private sector. It exemplifies conservative and verified best practice in project management that takes one through all the prerequisites to run a project successfully. PRINCE2 is a flexible system and can be applied to all types of projects.
This methodology comprises high level management, control, and organization of a project and one must take on qualified training to obtain certification. PRINCE2 is based on seven processes that comprises ideologies and topics that can be used to run a project smoothly and consists of:
This methodology comprises high level management, control, and organization of a project and one must take on qualified training to obtain certification. PRINCE2 is based on seven processes that comprises ideologies and topics that can be used to run a project smoothly and consists of:
Starting up a project – A project and team is formed where key actions include to:
• start a project board
• assign an executive and a project manager
• set up and assigning a project management team
• prepare a project succinct
• define the project approach
• discuss the Lesson Logs of earlier projects
• plan the next level i.e., initiation
Initiating a project – Next level after start up process where an overall plan and the next stage for the project is created then the project presented to the project board for authorization. The key roles in this stage are to:
• plan quality
• plan a project
• refine the business case and risks
• set up project controls
• start project files
• accumulate a Project Initiation Document
Directing a project – This stage is for Project Board that controls the entire project and key actions include
• authorising initiation
• authorising a project
• authorising a stage or exception plan
• giving ad hoc direction
• confirming project closure
Controlling a stage – PRINCE2 methodology recommends to breakdown the projects into stages and the sub-processes guide how to control each individual stage as well as speak about techniques how some project issues to shoot up to the project board. The key performances in this process include to:
• authorise work package
• assess progress
• capture and study project issues
• check status of the stage
• report emphasized points
• take counteractive actions
• escalate project issues
• receive completed work package
Managing stage boundaries – This stage guides what should be done towards the end of the stage and how to report the end of the stage. The main activities in this stage include to:
• plan a stage
• update a project plan
• update a project business case
• update the risk register
• report stage end
• produce an exception plan
This review includes only project manager who would be capable to present the team work to the project board.
Managing product delivery - This stage talks about the point controlling the relation between the Project Manager and the Team Managers by giving instructions to accept, execute, and deliver project work. The key activities are:
• agree to a work package
• implement a work package
• deliver a work package
• start a project board
• assign an executive and a project manager
• set up and assigning a project management team
• prepare a project succinct
• define the project approach
• discuss the Lesson Logs of earlier projects
• plan the next level i.e., initiation
Initiating a project – Next level after start up process where an overall plan and the next stage for the project is created then the project presented to the project board for authorization. The key roles in this stage are to:
• plan quality
• plan a project
• refine the business case and risks
• set up project controls
• start project files
• accumulate a Project Initiation Document
Directing a project – This stage is for Project Board that controls the entire project and key actions include
• authorising initiation
• authorising a project
• authorising a stage or exception plan
• giving ad hoc direction
• confirming project closure
Controlling a stage – PRINCE2 methodology recommends to breakdown the projects into stages and the sub-processes guide how to control each individual stage as well as speak about techniques how some project issues to shoot up to the project board. The key performances in this process include to:
• authorise work package
• assess progress
• capture and study project issues
• check status of the stage
• report emphasized points
• take counteractive actions
• escalate project issues
• receive completed work package
Managing stage boundaries – This stage guides what should be done towards the end of the stage and how to report the end of the stage. The main activities in this stage include to:
• plan a stage
• update a project plan
• update a project business case
• update the risk register
• report stage end
• produce an exception plan
This review includes only project manager who would be capable to present the team work to the project board.
Managing product delivery - This stage talks about the point controlling the relation between the Project Manager and the Team Managers by giving instructions to accept, execute, and deliver project work. The key activities are:
• agree to a work package
• implement a work package
• deliver a work package
Closing a project – This covers the points that should be applied at the end of a project and the project is formally assessed and the key actions include:
• decommissioning a project
• identifying secondary actions
• project estimate review
PRINCE2 methodology or process provides greater control of resources, identify hazard more successfully and capability to run business and it also augments employment potentials and helps one to do their job more efficiently.
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