PRINCE2 is a de facto standard used extensively by the UK Government and is widely recognised and used in the private sector, both in the UK and internationally.
The method PRINCE2 is in the public domain, offering non-proprietorial best practice guidance on project management. PRINCE2 is a registered trademark of OGC.
The key features of PRINCE2 are:
- Its focus on business justification
- A defined organisation structure for the project management team
- Its product-based planning approach
- Its emphasis on dividing the project into manageable and controllable stages
- Its flexibility to be applied at a level appropriate to the project.
PRINCE2 History
PRINCE was established in 1989 by CCTA (the Central Computer and Telecommunications Agency), since renamed the OGC (the Office of Government Commerce).PRINCE was originally based on PROMPT, a project management method created by Simpact Systems Ltd in 1975. PROMPT was adopted by CCTA in 1979 as the standard to be used for all Government information system projects.
When PRINCE was launched in 1989, it effectively superseded PROMPT within Government projects. PRINCE remains in the public domain and copyright is retained by the Crown. PRINCE is a registered trademark of OGC.
PRINCE2 was published in 1996, having been contributed to by a consortium of some 150 European organisations.
More About PRINCE2
There are two PRINCE2 qualification levels: PRINCE2 Foundation and PRINCE2 Practitioner.PRINCE2 Foundation level is for those with a requirement to learn the basics and terminology of PRINCE2.
PRINCE2 Practitioner is the highest level qualification and is suitable for those with the need to manage projects within a PRINCE2 environment.
Source: http://www.prince2.com/what-is-prince2.asp
Date: November, 2010
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