Prince2 Benefits

PRINCE2 (Projects in a Controlled Environment) is a structured method based on experience lay out from thousands of projects with contributions of volunteers like project sponsors, Project Managers, academics, trainers and consultants.

PRINCE2 is part of a suite of guidance developed by the UK Office of Government Commerce (OGC), which is aimed at helping organizations and individuals manage their projects consistently and effectively.

PRINCE2 provide the answer on the frequently ask questions in project management that include:

    What's expected of me that involved as stakeholder?
    What is the Project Manager role?
    What is the next action if things don't go to plan?

    What decisions are I should make?
    What information do I need or I should supply?
    Who should I look to for support?
    How can I tailor the use of PRINCE2?
    How to apply risk management in strategic way?

PRINCE2 is generic that can be applied to any project regardless of scale, type, organization, geography or culture. The reason that PRINCE2 works well with all types of projects is that some parts of planning and control are common to every project.

Because PRINCE2 is generic that based on proven principles, organizations adopting the method as a standard can improve their organizational capability across multiple areas of business.

Key benefits of adopting PRINCE2:

    PRINCE2 are proven best practice and is basically free to use.
    It is generic which can be applied to any type of project and it can easily be implemented.
    PRINCE2 is widely recognized and therefore provides a common vocabulary for all stakeholders that promoting effective communication.
    PRINCE2 sets down really clear roles and responsibilities that understand each other's roles and needs.
    Its product focus clarifies on the scope of what will the project deliver.
    PRINCE2 plans are designed to meet the needs of the different levels in the management team, improving communication and control.
    PRINCE2 ensures that participants focus on the viability of the project in relation to its Business Case objectives and quality of the output. It links quality management to deliverables to keep it specific and measurable.
    It ensures that stakeholders are properly represented in planning and decision making.
    Adopting PRINCE2 promotes learning and continual improvement in organizations.
    PRINCE2 promotes consistency of work and the ability to reuse project assets; it also facilitates staff mobility and reduces the impact of personnel changes/handovers.
    PRINCE2 is an invaluable diagnostic tool, facilitating the assurance and assessment of project work, troubleshooting and audits.
    Integrates risk management into the project to make sure you don't forget it.

Article Source: Alan Khor

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