What is PRINCE2?

An easy way to understand the qualification!

Many disorganised projects lead to wasted time, money, and resources. The importance of project management is increasing globally nowadays. As a result, the demand for high-quality project management certifications is also increasing.
There are countless project management certifications in the market. some are good but others with a narrow area of focus. But, all with one singular goal. To ensure that the applicant obtains the necessary knowledge and skills. This allows them to manage a project management system. One of the most popular certifications is the PRINCE2 certification.

What is the PRINCE2 certification?

PRINCE2 is a project management certification offered by the government of the UK. It stands for projects in controlled Environments. It is a process-based tool of managing projects. A big advantage of the PRINCE2 certification is that it is scalable. This means it is applicable across various industries. It’s scope is narrow when compared to PMP; but is also globally recognised. The PRINCE2 certification comprises two levels: PRINCE2 Foundation and PRINCE2 Practitioner.

What are the PRINCE2 project management methodologies?

There is a differentiating factor between PRINCE2 and other project management certifications. It is a structured plan when it comes to its project management methodologies. It comes with rigid templates, processes, and steps to ensure entirety of projects.

Seven main principles apply when it comes to the project management Prince 2 tools. They encompass all stages of a project from start to finish.

1. The project must be feasible and have a sound business justification

Implementing project management principles on a difficult project is a waste of time. PRINCE2 requires having clear projects and have an end-goal. It identifies the target customer, generates profits, and a basic understanding of costs. It prioritizes the project management with increasing return on investments. By through improving efficiency and reducing wastage.
Even the best project management methodologies are not put to good use without a goal of the project. It cannot generate a profit at the end of the day.

.The PRINCE2 certification demands that all projects have a sound business justification. It helps all team members to work towards a singular goal. They can understanding what the potential benefits and risks are.2. Projects must be geared towards encouraging continuous learning for team members

The PRINCE2 certification emphasises on continuous learning for all project members. It helps to improve the level of knowledge and skill of the team members. It also benefits projects when they are being handled by highly-skilled individuals. They can better react and adapt to any situation. It happens by tracking the project’s progress and noting any special events, crises, and effects of changes. These key lessons disseminate among the team members so that everyone is on the same page.

During an unusual or unexpected situation, they can then draw on the shared learnings. Other team members can come up with a solution.

3. Team members’ roles and responsibilities must be clearly defined

PRINCE2 requires project manager to define the roles and responsibilities of each team member. Each member can know what their scope of work is, as well as those of their colleagues. It is not easy for supervisors to define responsibilities in crisis. The right definition of one’s roles work wonders. They remove blurring of roles and prevents passing of the buck. They reduce clutter and brings clarity when it comes to employees’ tasks. A good project manager can help employees feel needed in a team. They give them a sense of purpose; assign them holistic and impactful responsibilities

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The PRINCE2 certification dives into this area within its project management methodologies.

The PRINCE2 certification helps project managers to divide a project into various stages. This allows viewing what might seem to be an insurmountable project. It helps to divide them into more doable tasks. At the end of each stage, all outcomes and key lessons learned become obvious to all teams.
This helps keep all the team members aware of the current state of the project. It also helps to ensure that the project is still going in the same direction as planned. This also helps the project manager understand about deadlines and risks. Or, whether the project is more or less on track.

5. The project and team should be managed by exception

This principle aims to help project manager make viable decisions. No need to consult the board of directors or senior management about every little detail. The board or senior management will only set the direction and baseline requirements.
For instance, they set cost, time, objectives, and scope. This is because PRINCE2 considers top-level executives to save time. they work with agility in all aspects of projects. It encourages delegating and empowering project manager to make operational decisions too. Hence, the top management only intervenes in risky situations. In the risk of ignoring the initial baseline requirements.

6. Constant focus on creating high-quality products

The PRINCE2 certification focuses on both the streamlining of project and processes. It also focuses on the end-product with a high emphasis on highest quality products. This happens by maintaining a quality registers. These registers keep the product quality and deliverables well. They also compare them to the standards and product requirements.
There should be no gap between expectation and reality. It is imperative that quality checks happen at all stages to measure product quality

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7. Customised, project-based approach

The PRINCE2 project management certification is one of the best qualifications. This is due to its ability to deploy across all industries and businesses. This is because it understands that no two projects or companies are the same. It allows project managers to tailor their principles and templates. And allows them to fit their own projects or companies. As per project needs, the PRINCE2 method is adjustable. It considers planning for projects of differing sizes, resources, teams, and structures..

PRINCE2 is more than seven principles. It encompasses a much wider area of knowledge that provides clear templates. It also provides other project management methodologies. When they apply, the PRINCE2 certification allows managers to better control project resources. It allows them to handle risks, making it one of the most important weapons in a project manager’s arsenal.

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June 21, 2022

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