Monday, 25 March 2013

PRINCE2-SUPERIOR PROJECT CONTROL METHODOLOGY


PRINCE2, the acronym expanded stands for projects in controlled environments, version2. It is an efficient and effective methodology for project management in organizations. . It commences with the training of authorised practitioners who gain accredited qualifications to get certified . It is used extensively not only in the U.K but all across the world.
PRINCE2-IMPORTANT  FEATURES
·         Division of project into manageable and controllable stages.
·         There is emphasis on the product with a planning approach.
·         Clearly defined  structure for the project management stream.
·         PRINCE2 empowers you to have a firm control over your resources and you can effectively manage not only the project but also associated risks.
·         PRINCE2 greatly increases the probability of employment for individuals who are looking to further their career by highlighting the resume in the job market.
WHY PRINCE2?
·         If there is a transition happening in your organization.
·         You want to better manage the transition.
·         To effectively manage the start, mid and end phase.
·         You want to apply a world class methodology.
You want a steady and a consistent terminology and processes to project management
PRINCE2 qualifications are basically of two types:
·         PRINCE2 FOUNDATION TRAINING : It emphasizes on the basic methodology and terminology
·         PRINCE2 PRACTITIONER TRAINING: It is the highest level of PRINCE2 qualification for those who are  managing projects in a PRINCE2 environment.
A PRINCE2 qualification will greatly enhance your skills and the probability of employment.

BENEFITS FOR THE ORGANISATION:
·         A consistent  and steady approach to project management.
·         It seeks to provide justification for the business project.
·         A controlled and measurable initial,mid and end phase.
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It is based on seven sound principles:
·         Justification of business
·         Learning from experience
·         Defined roles and responsibilities
·         Managing in stages
·         Exclusive focus on products
·         Customised for the project environment



PRINCE2 VALIDITY PERIOD?
·         The Prince2 foundation Exam has no time validity  and does not expire.
·         The Prince2 Practioner Exam  can be taken by registering yourselves for a period of five years. There is re-registration after a period of 3-5 years of taking the previous PRINCE2 Practitioner certification.

It can be accessed in three interactive ways:
·         ONLINE: One need not go to a classroom and can easily access the training online from the comfort of your home.
·         IN-HOUSE COURSES: Customised to the needs of the staff
·         PUBLIC CLASSROOM: direct face to face interaction in a classroom setup.

THE PRINCE2 STAGES
The initial phase of PRINCE2 consists of identifying the key organisational goals. Doing an in-depth analysis  brings to light the project justification. This initial stage is authorised by the Project board. This is subsequently  followed by controlled phases  that the project is divided into. This is further succeeded by project progress and identification of grey areas. The last stage comes to closure with the final project evaluation.
PRINCE2 PROJECT SCALABILITY
The project is highly scalable and the project managers are trained and led through to execution of a specific phase and taught to omit a phase if not required. The PRINCE2 divides the project into easily manageable stages this is coupled  with well defined roles and responsibilities of the employees.
With time the PRINCE2 process has got highly developed and standardised at the same time. With this comes the ease and effectiveness to manage a wide range of projects. So, if you want to be a winner in project management then PRINCE2 is the way to go!


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