Benefits of PRINCE2®

PRINCE2 is a generic, tailorable, simple to follow project management method. PRINCE2 covers how to organise, manage and control your projects. It is aimed at enabling you to successfully deliver the right products, on time and within budget.

As a Project manager you can apply the principles of PRINCE2 to any type of project and it will help you to manage risk, control quality and change effectively, as well as make the most of challenging situations and opportunities that arise within a project.

The benefits of PRINCE2 include:

• PRINCE2 provides a controlled start, controlled progress, a controlled close
• Regular reviews against plan, business case and risks
• PRINCE2 provides flexible decision points
• Automatic management control over deviations
• Stakeholder involvement at the right times
• Clear communication channels
• Project managers using PRINCE are able to establish terms of reference before the project start
• There is a defined structure for delegation & communication
• Project manager divide a project into manageable stages for more accurate planning
• Resource commitment from management is part of any approval to proceed
• Regular but brief management reports are available (checkpoint reports, highlight reports and exception reports)
• Meetings with management are kept to a minimum, but at vital points in the project
• End product users are able to participate in the decision-making
• End users are involved in project progress
• End users participate in quality checks throughout the project
• User requirements are specified
• PRINCE2 is free (other then any training or support you want to pay for)
• PRINCE2 has a strong User Group
• PRINCE2 is supported by (UK) Government and organisation such as APM and ISEB
• Training courses are available from many accredited training organisation
• PRINCE2 is flexible and can be applied to any kind of project