Prince 2 is a de facto standard developed and used extensively by the UK government and is widely recognized and used in the private sector, both in the UK and internationally. It embodies established and proven best practice in project management. PRINCE2 (PRojects IN Controlled Environments), is a widely used project management method that navigates you through all the essentials for running a successful project.
PRINCE2 is a flexible method and is aimed at all types of projects.
The development of PRINCE2 from the earlier PRINCE method was driven by user based improvements, project management specialists and a review panel of 150 public and private sector organizations. This end result is a generic best practice tool which is flexible enough to be tailored to your organization and used successfully for all types of project. Key Features of Prince 2 are:
- Focus on business justification
- Defined organisation structure for the project management team
- Product based planning approach
- Emphasis on dividing the project into manageable and controllable stages