PRINCE2 is among the most popular systems to manage projects within the European Union. The certification has earned worldwide recognition and both private and public sector businesses have adopted PRINCE2 to improve project management. The PRINCE2 method is not exclusive. best practice for managing projects.
This method describes how a project could be broken down into manageable phases that allow for efficient control of resources and control throughout the project. The different duties and responsibilities associated with the people who manage a specific project are explained in depth and can be altered based on the dimensions of the project its complexity as well and the abilities of the business. Planning projects with PRINCE2 is based on product. It means that plans for projects are centered on achieving results, and not just about planning when tasks are to be completed. To become a master of PRINCE2, it is suggested to pursue an official Prince2 Course by a reputable certification preparation company like Simplilearn. You can also pass the PRINCE2 Foundation exam.
This PRINCE2 project is guided by its business plan , which defines its mission and motivation, as well as the commitment to the project and the outcomes or deliverables that support the project. The business case as well as the project's performance is reviewed frequently to ensure that objectives of the business are achieved, and could be changed during the course that the work is in progress. PRINCE2 was developed to facilitate an understanding of the same language among everyone involved.
The story of PRINCE2
PRINCE2 method was developed by the PRINCE2 method was developed by the UK Department of Commerce, the Office of Govt Commerce (OGC) in the 1980s to come up with solutions to the most common problems encountered in projects. Since the time, it has been the norm in managing projects across nations like the ones of the United Kingdom, Australia, Holland, Denmark, the Netherlands and Canada and private companies such as DHL, Barclays, Vodafone, Shell, Unilever, Microsoft, IBM, British Airways among others.