PRINCE2™

Overview
PRINCE2™ is a method of managing projects that provides guidance on how to set-up, plan, control, and deliver projects on time, to budget, and to the right quality. PRINCE2™ is widely used in the private sector in the United Kingdom and internationally, and has become a standard used extensively by the United Kingdom Government.

Key Features of PRINCE2™

• Organization Structure
  Project Boards; Defined roles and responsibilities; Ownership and accountabilities
• Business Case-Based
  Ongoing assessment of project viability by project owners (Board)
• Product-Based Planning
  Strictly deliverable-oriented; Product Flow; Product Descriptions
• Integrated Process Structure
  Clear statements of how to manage the project (“How do I get started? What do I do first?”)