PRINCE2, which stands for Projects IN Controlled Environments, is a widely-used project management methodology that is known for its flexibility and effectiveness. At the core of PRINCE2 are its seven principles, which provide a set of guiding values that should be followed in order to achieve project success.
In this beginners guide, we will simplify the PRINCE2 principles and explain how they can help you succeed in your projects. These principles are universal and can be applied to any type of project, regardless of its size or complexity.
The first principle of PRINCE2 is continued business justification. This means that throughout the project, you should regularly review the business case to ensure that the project is still viable and aligns with the strategic objectives of the organization. By keeping the focus on the business justification, you can ensure that the project delivers real value to the organization.
The second principle is learn from experience. This principle emphasizes the importance of learning from past projects and applying those lessons to future projects. By capturing and sharing lessons learned, you can avoid making the same mistakes and improve the overall performance of your projects.
The third principle is defined roles and responsibilities. This principle is all about clarifying who is responsible for what within the project team. By clearly defining roles and responsibilities, you can ensure that everyone knows what is expected of them and can work together effectively towards a common goal.
The fourth principle is manage by stages. This principle involves breaking the project down into manageable stages, with each stage having its own set of objectives and deliverables. By managing the project in stages, you can maintain control and focus on delivering value at each stage before moving on to the next.
Is PRINCE2 the Future of Project Management Principles? .
The fifth principle is manage by exception. This principle empowers project managers to make decisions at the appropriate level of authority. By setting tolerances for time, cost, quality, scope, risk, and benefits, you can enable project managers to make decisions within those boundaries without having to escalate every issue to higher levels of management.
The sixth principle is focus on products. This principle emphasizes the importance of defining and delivering quality products that meet the needs of the project stakeholders. By focusing on products, you can ensure that the project delivers tangible results that add value to the organization.
The seventh and final principle is tailor to suit the project environment. This principle recognizes that every project is unique and that not all aspects of PRINCE2 may be applicable or necessary for every project. By tailoring the methodology to suit the specific needs of the project, you can ensure that it remains relevant and effective.
In conclusion, by following these seven principles, you can increase your chances of success in your projects and deliver real value to your organization. Whether you are new to project management or a seasoned professional, the PRINCE2 principles can provide a solid foundation for managing your projects effectively. So, start applying these principles in your projects today and see the difference they can make.