One favorite tool of savvy and experienced project managers is Prince2. Among the many choices out there, Prince2 serves as the industry standard for a number of reasons. Almost everyone already knows that Prince2 is popular because of its easy to tailor method, and that it also includes extensive information on how one can manage, organize and control the myriad of projects that all demand of your time and attention. Project managers look for systems or methods that will help them successfully deliver top notch products to their waiting customers right on time, and they have found out that Prince2 is the only project management method that can do this on time and with the least amount of resources and finances spent.
There are some principles of Prince2 that a project manager can also apply to any type of project that he may work on in the future – with or without the help of such a system. Thanks to Prince2, project managers will learn a lot on managing risks, controlling quality and change in a more effective manner, as well as maximizing the opportunities s well as challenges that result during the entire system of production. Some lessons that a project manager can learn from Prince2 includes establishing a finite life cycle, learning how to create measurable products, aligning the activities of the project to the end output, managing as well as conserving resources, and learning to operate and delegate the different responsibilities to other members of the project team.