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What is PRINCE2 and why should your team consider PRINCE2 certification?

What is PRINCE2?

PRINCE2 is one of the most respected, popular and successful methods used to improve project delivery rates.

This best practice framework, designed to address many of the common causes of project failure, uses concepts and processes that can be applied to any project of any size.

When addressing the question “What is PRINCE2”, it is important to underline that PRINCE2 is a framework that provides organisations with a step by step method from project conception to closure. Its focus on the project’s deliverables - the what, why, where, when, and by whom, gives the project an organised and controlled process throughout.

PRINCE2 also provides a defined structure for accountability, delegation and authority and enables teams to clearly understand each other's roles and responsibilities, helping them to commit to a project from the outset.

With PRINCE2, every project has a defined lifecycle that is periodically reviewed in order to check its business justification, with focus continually placed on what the project needs to deliver and how.

Why your team should consider PRINCE2 certification

With PRINCE2, all team members use a common approach and ‘language’ which ensures sound communication between project managers, and ultimately saves time, providing organisations with a controlled process to improve project success.

In addition, with PRINCE2, time is dedicated to ensuring that the project is planned, requirements are understood and risks are considered.

This allows organisations to clearly see when a project’s risk outweighs the potential benefits, or when risks could affect the project’s completion.

Further benefits of PRINCE2

As well as all these clear benefits, the PRINCE2 approach plays a significant role in helping organisations achieve their business goals, through increasing the chances of successful strategy execution. By making the necessary improvements to its overall project success - through training teams to deliver projects successfully - managers can begin to put projects in place alongside usual business operations that are aligned with the business goals.

In these project-led organisations, the projects identified as having the greatest strategic value are more likely to be equipped with the necessary resources – a workforce made up of talented and motivated individuals who have been trained in PRINCE2.

While PRINCE2 will provide the necessary capabilities, rigour and discipline for all project staff, particularly in non-traditional project teams, if an organisation wants to increase the chances of successful strategy execution it would also benefit from ensuring its project staff are trained in both PRINCE2 and the Project Management Body of Knowledge (PMBOK) leading to the Project Management Professional (PMP) certificate.

This is in order to gain the relationship-based skills that are so vital for strategic execution, namely communication, leadership, motivation and team-building – along with the fundamental project management techniques such as critical path analysis and the earned value technique, which are covered in the PMBOK.