Managing successful projects with prince2

MANAGING SUCCESSFUL PROJECTS WITH PRINCE2 SERIES

The principles on which PRINCE2 is based are: Continued business justification, Learn from experience, Defined roles and responsibilities, Manage by stages, Manage by exception, Focus on products, Tailor to suit the project environment. They provide a framework for good practice for all those involved in the project and ensure that the method is tailored so that it contributes to the projectвЂ™s success rather than in an overly prescriptive way. These principles are universal and have been proven in practice. PRINCE2 is a project management method that can be used regardless of the project type. ДЇigure 1 - PRINCE2 Structure (Source: Project Management Based on PRINCE2) Principles

MANAGING SUCCESSFUL PROJECTS WITH PRINCE2 SERIES

Being a process model of approaching project management, PRINCE2 has a series of activities that are required to direct, manage and deliver a project. In order to provide guidance on how the process should be performed, there are seven themes вЂ“ aspects of the project management that need to be addressed continually through the project lifecycle. At its core, the method has seven principles, which are guiding obligations and practices that determine whether the project is managed using a PRINCE2 approach. PRINCE2 is an integrated framework of processes and themes that address the planning, delegation, monitoring and control of all these six aspects of project performance.

9.6 Guidelines for Managing projects - Department for Business Enterprise and Regulatory ReformД®very project has six variables and therefore six performance aspect that need to be managed: costs, time, quality, scope, risk and benefits.

Creating Value In Project Management Using PRINCE2В®, Queensland Unniversity of Technology

9.3 Sargeant, R., Hatcher, C., Trigunarsyah, B., Coffey, V.

Project Management Based on PRINCE2 2009 Edition.

9.1 Managing successful projects with PRINCE2 (5th ed.).

5 PRINCE2 and Projects in a Programme Environment.

2.7 Tailor to suit the project environment.

However, for a better understanding of how the method applies in real-life projects, an external link to the documentation of a PRINCE2 sample project is provided. This article deals with the description and illustration of the PRINCE2 project methodology, as well as how it applies to projects in a programme and what are its benefits and limitations. The method is owned by the UK Government and Axelos. PRINCE2 is also a certification program where practitioners can be accredited and qualified. It clearly defines project responsibilities and helps participants understand their roles and needs.

The aim of PRINCE2 is to provide useful information at the right time for the responsible people to make sound decisions. Being widely recognized and understood, PRINCE2 provides a common vocabulary to all project participants and maintains the focus on the project viability in relation to the business case rather than on the project end. It is one of the most accepted and used methods in project management due to the fact that it can be applied to any project regardless of project scale, type, organization, geography or culture. PRINCE2 (an acronym for PRojects IN Controlled Environments) is a process-based method for effective project management.

Managing successful projects with prince2