This snapshot, taken on
02/08/2011
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PRINCE2

PRINCE2 continues to evolve with the launch of the latest revision on 16th June. The method has been revised based on public consultation and extensive review and has evolved to address the modern project environment. This has resulted in two publications:

1. Managing Successful Projects with PRINCE2  - the evolution of the method
2. Directing Successful Projects with PRINCE2  - a new core publication for the project executive and the project board.

Projects bring together resources, skills, technology and ideas to achieve business objectives and deliver business benefits. Good project management helps to ensure that risks are identified and managed appropriately, and objectives and benefits are achieved within budget, within time and to the required quality.

PRINCE2 is recognised as a world-class international product and is the standard method for project management, not least because it embodies many years of good practice in project management and provides a flexible and adaptable approach to suit all projects. It is a project management method designed to provide a framework covering the wide variety of disciplines and activities required within a project. The focus throughout PRINCE2 is on the Business Case, which describes the rationale and business justification for the project. The Business Case drives all the project management processes, from initial project set-up through to successful finish.

Many organisations are employing the skills and services of external suppliers, working alongside in-house resources, to enhance their ability to deliver successful projects. PRINCE2 provides a mechanism to harness these resources and enable the team to integrate and work together effectively on a project.

In June 2010 the Minister for the Cabinet Office announced a reorganization of some Government activities. As part of this the Best Management Practice portfolio and its functions transferred over to Cabinet Office. This web page will be archived very soon and we recommend that you refer to the Cabinet Office website for the latest information on Best Management Practice - http://www.cabinetoffice.gov.uk/resource-library/best-management-practice-bmp-portfolio

PRINCE (which stands for Projects in Controlled Environments) was first developed by the UK government in 1989 as the standard approach to IT project management for central government.  Since then, the method has been enhanced to become a generic, best practice approach suitable for the management of all types of projects, and has a proven record outside both IT and government sectors.  PRINCE2 has been widely adopted and adapted by both the public and private sectors and is now the UK's de facto standard for project management.  There is also a rapidly growing international interest.  PRINCE2 is designed to incorporate the requirements and experiences of existing users around the world.