PRINCE2 Training from New Horizons

PRINCE2 is a predictive, plan-based approach to project management

PRINCE2 (Projects in Controlled Environments) is a project management methodology that uses established processes and templates to help teams deliver successful projects.

• Starting Up a project: (SU)
• Initiating a Project: (IP)
• Directing a Project: (DP)
• Controlling a Stage: (CS)
• Managing Product Delivery: (MP)
• Managing a Stage Boundary: (SB)
• Closing a Project: (CP)v

PRINCE2 has seven principles, including:

• Continued business justification: The goals, requirements, and expectations set at the beginning of the project must remain valid throughout the project's life
• Learn from experience: This principle deters a project from wasting resources
• Define roles and responsibilities: PRINCE2 emphasizes the importance of delivering quality products
• Manage by stages: The Project Board uses the information from the Managing a Stage Boundary process to evaluate the project at strategic points
• Manage by exception: Project managers should focus on exceptions and intervene only when necessary
• Tailor to suit the project environment: PRINCE2 can be scaled and tailored to each project