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WHAT IS PRINCE 2
PRINCE 2
“Projects IN Controlled Environments”
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In the UK and Europe, PRINCE2 is the project management methodology of choice, and is required by the UK government for all projects it commissions |
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PRINCE2 was constructed to be in conformance with ISO 9001 requirements |
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PRINCE2 is based on the principles of the PMBOK |
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PRINCE2 does not include all the knowledge areas and details specified in the PMBOK |
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PRINCE2 focuses on critical areas |
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The intention of PRINCE2 is to organize and supplement project management knowledge |
PRINCE2 is comprised of 8 elements or “components”
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Quality in a Project Environment |
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Configuration Management |
Business Case: The existence of a viable Business Case is the main control condition for a PRINCE2 project. The Business Case is verified by the Project Board before a project begins and at every major decision point throughout the project. The project should be stopped if the viability of the Business Case disappears for any reason.
Organization: Since the Project Manager often has to direct staff who report to another management structure, some senior management oversight organization is needed to assure that those diverse resources are committed to the project. In addition, viability decisions need to made by management with an investment in the project, and an accountability for delivering it through the Project Manager. In PRINCE2 this oversight is the Project Board.
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