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Prince2 Project Management Method
'Prince' is a project management method, and an acronym standing for 'Projects in Controlled Environments'. It details the management, control and organisation of projects within a controlled environment. Prince2 refers to an updated version of this methodology, and is a registered trademark of the Office of Government Commerce (OGC) and HM Treasury of the United Kingdom.
Prince was developed in 1989 by the Central Computer and Telecommunications Agency (CCTA) as a government standard for IT project management. Soon it became popular outside of IT. Prince2 came along in 1996 as a more general project management method. It is also becoming extremely popular both in the UK and abroad.
Prince2 has been updated several times, but isn't renamed Prince3 to symbolise how the original principles have not changed. It has been adapted for changing business environments, to address problems and integrate it with other OGC methods.
It provides a structured approach to project management, describing procedures to coordinate people, resources and tasks in a project. It shows managers how to design and supervise a project, how to react if the project needs adjustment or doesn't go quite to plan.
One of the most important features of Prince2 is that it provides everyone working on a project common language. Easing communication is just one way in which Prince2 can enhance the management of projects, but good communication can be key to developing clear management roles suitable to the project.
The process is outlined from start to finish with Prince2, from appointing managers, designing a team, briefing, defining the approach and planning stages. It also includes authorising work, assessing progress, capturing and examining project issues and taking correction action. It also concerns the completion of a project, including de-commissioning, re-designating resourced to fulfil other roles, and the project being formally evaluated.
Accreditation is governed by the passing of two exams; Foundation and Practitioner. The Foundation exam is one-hour long, and consists of multiple choice questions. The Practitioner exam last for three hours, and is an objective-testing multiple choice exam. Exams are administered by the APM group, who keep an online record of all those who have passed.
Prince2 Practitioners must retake their Practitioner exam every 5 years to remain qualified, although the re-registration just takes an hour. Trainers must be accredited every three years and pass regular surveillance checks.
It is wrong to assumed that Prince2 will help any project successful, especially since many projects will never be accomplished successfully because the goals and aims are unrealistic or unobtainable. Prince2 can be tailored to the specifications of a particular project, making it fully scalable.
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