Everything You Need To Know About Prince2

Prince2 stands for Project IN Controlled Environments. Prince2 is widely known internationally, especially in IT environments. This methodology is used in the public domain and offers possibly the best guidance on how to manage a project. It provides certification at two levels: Foundation and Practitioner. Let’s know this project management methodology in a little more detail.

Why is Prince2 important for managing current IT environments?

Pressure is always high and deadlines round the corner in an IT industry. Hence, project management methods need to be smaller and should be processed faster. CIOs must plan shorter goals to achieve big goals. They should be prepared to manage the unknown problems that might pop up in the near future.

A Project management approach like Prince2 helps managers to efficiently look after their project from the beginning to finish. This methodology enables them to handle projects in typically eight steps, which are:

· Startup: Project manager is appointed by decision-makers. Together they decide, how a project should be executed

· Direction: The board is responsible for the overall success of the object and it is the project manager who is responsible for handling intricate details of the project.

· Initiation: The project manager prepares the project initiation document and submits it to the project board for approval, if the board does not approve the project then it is revised again by the manager.

· Stage control: The project is broken into manageable stages depending upon the size and various risk levels.

· Stage boundary level: The next level is developed after reviewing the previous stage.

· Planning: This step includes product production, estimating the costs, risk analysis, activity scheduling and process streaming.

· Product delivery management: Products are produced on time according to the planned schedule.

· Closing: After the completion of the project, post project review is being done.

Prince2 management methodology is agile and helps business developers structure their management teams in an organized fashion. It allows them to keep business justification on the prime focus and plan business strategy according to the nature of the product.

Prince2 foundation

The Prince2 foundation syllabus covers basic terminology and methodology of Prince2. This certification will make you skillful enough to successfully manage projects and feel confident in the workplace.

Prince2 Practitioner

This certification is suitable for those managing projects within the Prince2 environment.

The work environments are becoming increasingly competitive, which requires project managers to be on their toes most of the time. Project management certifications and business analysis certification can empower an employee to achieve his personal goals as well as the organizational goals.