Its principles ensure the highest standards which governments must adhere to when engaging in huge projects. Since PRINCE2 was founded in part by the UK government, it’s a proven great PM method for large-scale projects at the societal level. Here are a few PRINCE2 examples from the field: PRINCE2 in government These alternate methods would include things like ITIL, or the Information Technology Infrastructure Library system, or Scrum methodology, both of which are more services oriented. It is opposed to PM methods that are constantly managing and controlling all aspects of the project. This means it’s often used in everything from governance, construction, finance, and IT. PRINCE2 is most appropriate when you need to manage projects that will mostly require improvements or guidance only when they're needed. Also today, any thorough project management guide will make sure to include PRINCE2 among their top methods-it’s a methodology that has arrived.
Today, Axelos, a venture firm, owns a big share of the PRINCE2 method. It was developed for the United Kingdom by the Central Computer and Telecommunications Agency as a UK government standard for project management. Why is it called PRINCE2? PRINCE2 stands for projects in controlled environments. It also breaks down projects into stages with clear practices for each stage. It creates project role hierarchies with executives, project boards, project managers, team managers and team members. The most important thing is that this is a highly-structured project management method and used for complex projects in controlled work environments. So, what is PRINCE2 methodology? There are various ways to use PRINCE2 methods. What is PRINCE2 project management methodology?
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