Prince2 Methodology – Defining the Processes behind Prince2
Prince2 is used on both IT and non-IT projects as a generic approach to project management. It was originally established in 1989 by the Central Computer and Telecommunications Agency (CCTA) in UK, and is now known to be the de facto standard for project management.
Also known as PRojects IN Controlled Environments, Prince2 provides scaleable and tailoring changes to effectively manage projects within organizations. Each process done using the Prince2 methodology is well-defined. These include the various key inputs and outputs, the pre-determined objectives that are set to be achieved, and the activities that need to be accomplished. Since Prince2 is product based, it is focused more on delivering desired results rather than mere planning when things should be carried out.
There are eight processes involved in the Prince2 framework that can be applied in all sorts of project management. These are the following: (a) directing a project; (b) starting up a project; (c) initiating a project; (d) controlling a stage; (e) managing product delivery; (f) managing stage boundaries; (g) closure; and (h) planning. This structured flow of activities provides a standard approach in project management, aside from being widely accepted by all levels within the organization as the common language used by the project participants themselves. It also provides benefits such as: (a) clearly defining the roles and responsibilities of key people in the organization; (b) providing control in use of resources; (c) encouraging open communication channels between project managers and stakeholders; and (d) reducing risk factors in managing changes made within the system. Using the Prince2 methodology simply means successful implementation of the project.