The introduction of Prince2 method elevated the quality of project management practices not just in UK, where the program originated, but also in other parts of the world. As a standard set of processes that covers every important aspect of project management tasks, Prince2 methodologies have become valuable tools in the delivery of quality projects. Private corporations and large organizations have benefited from the systematic approaches of Prince2 method to project management.
The Prince2 methodology traces its history from the efforts of United Kingdom government to standardize its project management systems in order to improve delivery of government services. The Office of Government Commerce of UK developed the Prince methodology which was subsequently updated to Prince2. The new version is an improved package which was derived from previous best practices of numerous practitioners. It is the consolidation of initial successful efforts of project management and was upgraded to suit the changing needs of current business and organizational realities.
The refresh was a success because Prince2 has become the standard project management methodology not only in UK but in other countries as well. The method also introduced innovative approaches to handle several project management processes. Today, Prince2 methods have been used not just for large scale government projects but also for private and commercial projects. The system has become equated with good project management practice. This is evidenced by the growing demand for certified Prince2 managers. Some major companies now are requiring their project managers to have the skills and ability consonant to Prince2 practices.