PRINCE2 is a de facto standard developed and used extensively by the UK government and is widely recognised and used in the private sector, both in the UK and internationally. It embodies established and proven best practice in project management.
PRINCE2 (Projects in a Controlled Environment) is a structured project management method based on experience drawn from thousands of projects - and from the contributions of countless project sponsors, Project Managers, project teams, academics, trainers and consultants.
PRINCE2 is often used for management of projects within an MSP (managing successful projects) framework. It is also the de-facto project management standard in the UK, but has also been widely adopted in countries all over the world. PRINCE2
- has a focus on business justification;
- provides a defined structure for a project management team;
- is a process-based approach to project management;
- segments projects into manageable and controllable stages;
- can be applied to any project in any organisation;
- provides a scalable project management methodology;
- gives greater control over resources.
PRINCE2 is a non-proprietary method and has emerged worldwide as one of the most widely accepted methods for managing projects. This is largely due to the fact that PRINCE2 is truly generic, and truly global: it can be applied to any project regardless of project scale, type, organisation, geography or culture.
PRINCE2 achieves this by isolating the management aspects of project work from the specialist contributions, such as design, construction etc.
The specialist aspects of any type of project are easily integrated with the PRINCE2 method and, used alongside PRINCE2, provide a secure overall framework for the project work.
PRINCE2 and IT
Because PRINCE2 is generic and based on proven principles, organisations adopting the method as a standard can substantially improve their organisational capability and maturity across multiple areas of business activity - business change, construction, IT, mergers and acquisitions, research, product development and so on.