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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

Using PRINCE provides you with greater control of resources, and the ability to manage business and project risk more effectively, which provides benefits to:

  • project managers
  • directors/executives (senior responsible owners) of projects, and
  • organisations

Using PRINCE2 in your projects will give you common systems, procedures and language.  This will enable you to make fewer mistakes, to learn from those that you do make, and ultimately save money and effort.  The PRINCE2 method is non-proprietary and easy to learn, and embodies established and proven best practice across the wide cross section of organisations who have contributed to its evolution since the 1980s.  By adopting PRINCE2 as your project management method, you are benefiting from lessons learned by these other organisations. 

In summary, PRINCE2’s formal recognition of responsibilities within a project, together with its focus on what a project is to deliver (the why, when and for whom) provides your organisation’s projects with:

  • A common, consistent approach
  • A controlled and organised start, middle and end
  • Regular reviews of progress against plan
  • Assurance that the project continues to have a business justification
  • Flexible decision points
  • Management control of any deviations from the plan
  • The involvement of management and stakeholders at the right time and place during the project
  • Good communication channels between the project, project management, and the rest of the organisation
  • A means of capturing and sharing lessons learned
  • A route to increasing the project management skills and competences of the organisation’s staff at all levels