The PRINCE2 project life cycle must be applied to every PRINCE2 project

The extended form of Prince2 is Projects IN Controlled Environments. It was established in the year 1989 by CCTA or the Central Computer and Telecommunications Agency. Prince was later developed gradually into Prince2. It was based on PROMPT that was developed in the year 1975. In a world where there are many people running around with the project manager title, a certification is one way to be notable of the crowd. Long term success of project managers are limited if they do not possess the necessary skills. Project managers who are not well-versed in technical skills cannot perform their role effectively. Project management is a skill more than a role. The benefits of Prince2 training and prince2 courses can be enjoyed by both an individual and an organisation. Today Prince2 training and Prince2 certification is in demand. Prince2 certification is a process-based approach for project management. In this method plans are designed to meet the needs of the different levels in the management team for improving communication and control. Today Prince2 certification is very desirable for a project management professional.

In this method plans are designed to meet the needs of the different levels in the management team for improving communication and control. Prince2 course promotes consistency of project work and the ability to reuse project assets. Prince2 is frequently used for management of projects within an MSP (managing successful projects) framework. Prince 2 is also the effective project management standard in the UK. However it has also been widely adopted in all countries.  The Prince2 training program focuses on business justification, imparts a defined structure for a project management team, is a process-based methodology to project management, divides projects into controllable stages, is applicable to any project in any organisation, and offers a scalable project management methodology.

The Prince2 training was initiated by the United Kingdom Government. The Prince2 stands on 7themes, 7 principles and 7 processes. A set of 7 principles that guide the project management team during the PRINCE2 project life cycle must be applied to every PRINCE2 project:

1. Business justification – A PRINCE2 project needs to have continued business justification.

2. Learn from experience –time and lessons need to be created for the acquirement within a prince 2 project.

3. Roles and Responsibilities – A PRINCE2 project has defined roles and responsibilities. The project manager cannot sign-off on the project budget and this is the responsibility of the senior management team.

4. Manage by Stages – A PRINCE2 project must be planned, monitored and controlled. PRINCE2 requires minimum of two management stages.

5. Manage by exception – A PRINCE2 project has defined tolerances for each project objective. It has established ground rules on delegated authority.

6. Focus on products – A PRINCE2 project must address proper definition, quality and delivery of products. Each product will have a Product Description that defines the purpose, composition, format, quality etc.

7. Tailor to suit the environment – The PRINCE2 methodology must be tailored to suit the project. Project’s size, environment, importance, complexity, capability and risks must be tailored.