Project management is the process by which projects are defined, planned, monitored, controlled, and delivered such that the agreed benefits are realized. Projects are unique, transient endeavors undertaken to achieve the desired outcome, from the building of rockets to the designing of baby’s shoes; from organizing the Rio Olympics 2016 to the introduction of a new corporate culture in a firm
PRINCE2 (an acronym for PRojects IN Controlled Environments) is a de facto process-based method for effective project management. Used extensively by the UK Government.
PRINCE2 is a structured approach to project management. It provides a method for managing projects within a clearly defined framework. PRINCE2 describes procedures to coordinate people and activities in a project, how to design and supervise the project, and what to do if the project has to be adjusted if it doesn’t develop as planned. In the method, each process is specified with its key inputs and outputs and with specific goals and activities to be carried out, which gives an automatic control of any deviations from the plan.
Divided into manageable stages, the method enables efficient control of resources. On the basis of close monitoring, the project can be carried out in a controlled and organized way. The various management roles and responsibilities involved in a project are fully described and are adaptable to suit the complexity of the project and the skills of the organization.
PRINCE2 certification is an invaluable asset to your career as it increases employment prospects and helps you to do your job more effectively. So no matter how small or large a project may seem, PRINCE2 is applicable thanks to the principle of tailoring PRINCE2 to fit its project environment