PRINCE2

Projects bring together resources, skills, technology and ideas to achieve business objectives and deliver business benefits. Good project management helps to ensure that risks are identified and managed appropriately, and objectives and benefits are achieved within budget, within time and to the required quality.

PRINCE2 is recognised as a world-class international product and is the standard method for project management, not least because it embodies many years of good practice in project management and provides a flexible and adaptable approach to suit all projects. It is a project management method designed to provide a framework covering the wide variety of disciplines and activities required within a project. The focus throughout PRINCE2 is on the Business Case, which describes the rationale and business justification for the project. The Business Case drives all the project management processes, from initial project set-up through to successful finish.

Many organisations are employing the skills and services of external suppliers, working alongside in-house resources, to enhance their ability to deliver successful projects. PRINCE2 provides a mechanism to harness these resources and enable the team to integrate and work together effectively on a project.

The PRINCE2 method is documented in the OGC publication  "Managing Successful Projects with PRINCE2", readily available from the official publisher,  TSO.  This core book is supported by a number of complementary publications which add guidance on how to tailor the method, how to manage your people in a PRINCE project, and outlining the benefits to your business of adopting a PRINCE2 approach.

PRINCE2 is a process approach to project management, fitting each process into a framework of essential components which need to be applied throughout the project.  PRINCE2 helps you work out what roles should be involved in your projects, what they will be responsible for and when they are likely to be needed.  The set of processes and controls provided give you the structure that will support the life of the project, and explains what information you should be gathering along the way.   The PRINCE2 method demonstrates how your project can be divided into manageable chunks or stages, allowing you to plan ahead more realistically, and to call on your resources at the time they are most needed.

PRINCE2 acts as a common language between all of customers, users and suppliers, bringing these parties together on the Project Board. And although PRINCE2 doesn't include contract management as such, it provides the necessary controls and boundaries needed for everybody to work together within the limits of any relevant contracts.  In addition, the Project Board provides support to the project manager in making key decisions.

Most important of all, PRINCE2 allows your business to focus on doing the right projects, at the right time, for the right reasons, by making the start of a project and its continued existence dependent on a valid ongoing business case.