Explore Courses
course iconScrum AllianceCertified ScrumMaster (CSM) Certification
  • 16 Hours
Best seller
course iconScrum AllianceCertified Scrum Product Owner (CSPO) Certification
  • 16 Hours
Best seller
course iconScaled AgileLeading SAFe 6.0 Certification
  • 16 Hours
Trending
course iconScrum.orgProfessional Scrum Master (PSM) Certification
  • 16 Hours
course iconScaled AgileSAFe 6.0 Scrum Master (SSM) Certification
  • 16 Hours
course iconScaled Agile, Inc.Implementing SAFe 6.0 (SPC) Certification
  • 32 Hours
Recommended
course iconScaled Agile, Inc.SAFe 6.0 Release Train Engineer (RTE) Certification
  • 24 Hours
course iconScaled Agile, Inc.SAFe® 6.0 Product Owner/Product Manager (POPM)
  • 16 Hours
Trending
course iconKanban UniversityKMP I: Kanban System Design Course
  • 16 Hours
course iconIC AgileICP Agile Certified Coaching (ICP-ACC)
  • 24 Hours
course iconScrum.orgProfessional Scrum Product Owner I (PSPO I) Training
  • 16 Hours
course iconAgile Management Master's Program
  • 32 Hours
Trending
course iconAgile Excellence Master's Program
  • 32 Hours
Agile and ScrumScrum MasterProduct OwnerSAFe AgilistAgile CoachFull Stack Developer BootcampData Science BootcampCloud Masters BootcampReactNode JsKubernetesCertified Ethical HackingAWS Solutions Artchitct AssociateAzure Data Engineercourse iconPMIProject Management Professional (PMP) Certification
  • 36 Hours
Best seller
course iconAxelosPRINCE2 Foundation & Practitioner Certificationn
  • 32 Hours
course iconAxelosPRINCE2 Foundation Certification
  • 16 Hours
course iconAxelosPRINCE2 Practitioner Certification
  • 16 Hours
Change ManagementProject Management TechniquesCertified Associate in Project Management (CAPM) CertificationOracle Primavera P6 CertificationMicrosoft Projectcourse iconJob OrientedProject Management Master's Program
  • 45 Hours
Trending
course iconProject Management Master's Program
  • 45 Hours
Trending
PRINCE2 Practitioner CoursePRINCE2 Foundation CoursePMP® Exam PrepProject ManagerProgram Management ProfessionalPortfolio Management Professionalcourse iconAWSAWS Certified Solutions Architect - Associate
  • 32 Hours
Best seller
course iconAWSAWS Cloud Practitioner Certification
  • 32 Hours
course iconAWSAWS DevOps Certification
  • 24 Hours
course iconMicrosoftAzure Fundamentals Certification
  • 16 Hours
course iconMicrosoftAzure Administrator Certification
  • 24 Hours
Best seller
course iconMicrosoftAzure Data Engineer Certification
  • 45 Hours
Recommended
course iconMicrosoftAzure Solution Architect Certification
  • 32 Hours
course iconMicrosoftAzure Devops Certification
  • 40 Hours
course iconAWSSystems Operations on AWS Certification Training
  • 24 Hours
course iconAWSArchitecting on AWS
  • 32 Hours
course iconAWSDeveloping on AWS
  • 24 Hours
course iconJob OrientedAWS Cloud Architect Masters Program
  • 48 Hours
New
course iconCareer KickstarterCloud Engineer Bootcamp
  • 100 Hours
Trending
Cloud EngineerCloud ArchitectAWS Certified Developer Associate - Complete GuideAWS Certified DevOps EngineerAWS Certified Solutions Architect AssociateMicrosoft Certified Azure Data Engineer AssociateMicrosoft Azure Administrator (AZ-104) CourseAWS Certified SysOps Administrator AssociateMicrosoft Certified Azure Developer AssociateAWS Certified Cloud Practitionercourse iconAxelosITIL 4 Foundation Certification
  • 16 Hours
Best seller
course iconAxelosITIL Practitioner Certification
  • 16 Hours
course iconPeopleCertISO 14001 Foundation Certification
  • 16 Hours
course iconPeopleCertISO 20000 Certification
  • 16 Hours
course iconPeopleCertISO 27000 Foundation Certification
  • 24 Hours
course iconAxelosITIL 4 Specialist: Create, Deliver and Support Training
  • 24 Hours
course iconAxelosITIL 4 Specialist: Drive Stakeholder Value Training
  • 24 Hours
course iconAxelosITIL 4 Strategist Direct, Plan and Improve Training
  • 16 Hours
ITIL 4 Specialist: Create, Deliver and Support ExamITIL 4 Specialist: Drive Stakeholder Value (DSV) CourseITIL 4 Strategist: Direct, Plan, and ImproveITIL 4 Foundationcourse iconJob OrientedData Science Bootcamp
  • 6 Months
Trending
course iconJob OrientedData Engineer Bootcamp
  • 289 Hours
course iconJob OrientedData Analyst Bootcamp
  • 6 Months
course iconJob OrientedAI Engineer Bootcamp
  • 288 Hours
New
Data Science with PythonMachine Learning with PythonData Science with RMachine Learning with RPython for Data ScienceDeep Learning Certification TrainingNatural Language Processing (NLP)TensorflowSQL For Data Analyticscourse iconIIIT BangaloreExecutive PG Program in Data Science from IIIT-Bangalore
  • 12 Months
course iconMaryland UniversityExecutive PG Program in DS & ML
  • 12 Months
course iconMaryland UniversityCertificate Program in DS and BA
  • 31 Weeks
course iconIIIT BangaloreAdvanced Certificate Program in Data Science
  • 8+ Months
course iconLiverpool John Moores UniversityMaster of Science in ML and AI
  • 750+ Hours
course iconIIIT BangaloreExecutive PGP in ML and AI
  • 600+ Hours
Data ScientistData AnalystData EngineerAI EngineerData Analysis Using ExcelDeep Learning with Keras and TensorFlowDeployment of Machine Learning ModelsFundamentals of Reinforcement LearningIntroduction to Cutting-Edge AI with TransformersMachine Learning with PythonMaster Python: Advance Data Analysis with PythonMaths and Stats FoundationNatural Language Processing (NLP) with PythonPython for Data ScienceSQL for Data Analytics CoursesAI Advanced: Computer Vision for AI ProfessionalsMaster Applied Machine LearningMaster Time Series Forecasting Using Pythoncourse iconDevOps InstituteDevOps Foundation Certification
  • 16 Hours
Best seller
course iconCNCFCertified Kubernetes Administrator
  • 32 Hours
New
course iconDevops InstituteDevops Leader
  • 16 Hours
KubernetesDocker with KubernetesDockerJenkinsOpenstackAnsibleChefPuppetDevOps EngineerDevOps ExpertCI/CD with Jenkins XDevOps Using JenkinsCI-CD and DevOpsDocker & KubernetesDevOps Fundamentals Crash CourseMicrosoft Certified DevOps Engineer ExperteAnsible for Beginners: The Complete Crash CourseContainer Orchestration Using KubernetesContainerization Using DockerMaster Infrastructure Provisioning with Terraformcourse iconTableau Certification
  • 24 Hours
Recommended
course iconData Visualisation with Tableau Certification
  • 24 Hours
course iconMicrosoftMicrosoft Power BI Certification
  • 24 Hours
Best seller
course iconTIBCO Spotfire Training
  • 36 Hours
course iconData Visualization with QlikView Certification
  • 30 Hours
course iconSisense BI Certification
  • 16 Hours
Data Visualization Using Tableau TrainingData Analysis Using Excelcourse iconEC-CouncilCertified Ethical Hacker (CEH v12) Certification
  • 40 Hours
course iconISACACertified Information Systems Auditor (CISA) Certification
  • 22 Hours
course iconISACACertified Information Security Manager (CISM) Certification
  • 40 Hours
course icon(ISC)²Certified Information Systems Security Professional (CISSP)
  • 40 Hours
course icon(ISC)²Certified Cloud Security Professional (CCSP) Certification
  • 40 Hours
course iconCertified Information Privacy Professional - Europe (CIPP-E) Certification
  • 16 Hours
course iconISACACOBIT5 Foundation
  • 16 Hours
course iconPayment Card Industry Security Standards (PCI-DSS) Certification
  • 16 Hours
course iconIntroduction to Forensic
  • 40 Hours
course iconPurdue UniversityCybersecurity Certificate Program
  • 8 Months
CISSPcourse iconCareer KickstarterFull-Stack Developer Bootcamp
  • 6 Months
Best seller
course iconJob OrientedUI/UX Design Bootcamp
  • 3 Months
Best seller
course iconEnterprise RecommendedJava Full Stack Developer Bootcamp
  • 6 Months
course iconCareer KickstarterFront-End Development Bootcamp
  • 490+ Hours
course iconCareer AcceleratorBackend Development Bootcamp (Node JS)
  • 4 Months
ReactNode JSAngularJavascriptPHP and MySQLcourse iconPurdue UniversityCloud Back-End Development Certificate Program
  • 8 Months
course iconPurdue UniversityFull Stack Development Certificate Program
  • 9 Months
course iconIIIT BangaloreExecutive Post Graduate Program in Software Development - Specialisation in FSD
  • 13 Months
Angular TrainingBasics of Spring Core and MVCFront-End Development BootcampReact JS TrainingSpring Boot and Spring CloudMongoDB Developer Coursecourse iconBlockchain Professional Certification
  • 40 Hours
course iconBlockchain Solutions Architect Certification
  • 32 Hours
course iconBlockchain Security Engineer Certification
  • 32 Hours
course iconBlockchain Quality Engineer Certification
  • 24 Hours
course iconBlockchain 101 Certification
  • 5+ Hours
NFT Essentials 101: A Beginner's GuideIntroduction to DeFiPython CertificationAdvanced Python CourseR Programming LanguageAdvanced R CourseJavaJava Deep DiveScalaAdvanced ScalaC# TrainingMicrosoft .Net Frameworkcourse iconSalary Hike GuaranteedSoftware Engineer Interview Prep
  • 3 Months
Data Structures and Algorithms with JavaScriptData Structures and Algorithms with Java: The Practical GuideLinux Essentials for Developers: The Complete MasterclassMaster Git and GitHubMaster Java Programming LanguageProgramming Essentials for BeginnersComplete Python Programming CourseSoftware Engineering Fundamentals and Lifecycle (SEFLC) CourseTest-Driven Development for Java ProgrammersTypeScript: Beginner to Advanced

The 7 Principles of PRINCE2®

By Kevin D.Davis

Updated on Oct 29, 2016 | 4 min read

Share:

There is a wide range of project management methodologies available in the market, but PRINCE2® is one of the most widely used project management methods that has been used by enterprises and businesses in more than 150 countries. One of the sheer benefits of the PRINCE2® method is that it can be applied to different projects, irrespective of their sizes and business verticals. It is noticeable that the PRINCE2® project management method can be used in IT and non-IT projects. It is a comprehensive project management method that can be applied to any project irrespective of geographical location, industry sector, and project size. 

The PRINCE2® courses cover basic four elements: themes, processes, principles, and project management. There are some impeccable benefits of a PRINCE2® certification for candidates. There are two major types of certification available in the PRINCE2® project method:

The foundation program is a basic course that covers basic principles and themes for supporting individuals who work in a project environment supported by PRINCE2®. Candidates from engineering and technology can attend this Foundation qualification course. 

The PRINCE2® Practitioner qualification course is an advanced course that covers all the aspects of the PRINCE2® method, including themes, processes, principles, and project management. You will get a comprehensive introduction to the PRINCE2® project management method. Some institutes also train candidates for PRINCE2® management roles that are essential when the project is very big and complex. Here, the managers will be able to complete the project by assigning roles and responsibilities to the team members effectively and will be able to complete the project in a coordinated, consistent, and superior manner.

These courses are designed by experienced trainers with years of experience and expertise in the domain and a proven track record in PRINCE2® project management. All you need to do is hire the best institute that offers the best PRINCE2® course and also helps in the placement activities too.

There are businesses and enterprises that ask for candidates with a PRINCE2® certification, either foundation or practitioner certification. If you have this credential in your resume, it will improve your chance of getting a job.

All you need to do is to search for the right institute on the internet or in your local business directory, and that is all.

What is PRINCE2®, and Why is it so Popular Amongst Businesses?

Projects in Controlled Environments, PRINCE2® is a high-quality project management method that has carved a niche for itself by offering superior project management processes, no matter how big or small your project is. It adds streamlined, controlled project management principles and themes that help managers to manage and control projects easily and effectively. 

You might still wonder whether PRINCE2® is the right tool for project management. What are the benefits of it? Why should you implement it on your current project management tools? To make things easier, we will discuss the 7 principles of the PRINCE2® method in detail here.

It is a process-based method that helps businesses to manage the project from start to finish. As we all know, before starting a project, it is important to plan it to avoid last-minute hurdles and hindrances. With the help of the PRINCE2® method, all the stages of the project are clearly described, roles and responsibilities are assigned to the teams and control, and project management is easier to track.

7 principles of the PRINCE2®

1. Continued business justification

No matter which project you are working on, your project must have a clear justification including a clear requirement, a defined customer, feasible and scalable benefits and a complete cost assessment. This is the primary principle of the PRINCE2®. It helps you to stay focused on the project and you will be able to drive all your efforts to the common goal of the project- the desired goals and outcomes.

2. Learn from the experience

Also, it is important that all the experiences are recorded for the future course of action. Furthermore, it will help teams to learn from their mistakes and they will be able to finish projects with more dedication and expertise as they have learned lessons. All the stages and their outcomes are recorded in the PRINCE2® environment to make consistent and reliable learning. 

3. Defined roles and responsibilities

When the team members have a clear understanding of their roles and responsibilities, it becomes easy for them to work with dedication and it also improves their productivity and performance too. With a PRINCE2® management method implementation, you would be able to define the PRINCE2 roles and responsibilities of each team member to work more efficiently and effectively with unparalleled outcomes.

4. Manage by stages

Also, projects are completely broken into different sections and stages to manage them more effectively and accurately. Once the stage is over, it is reviewed by the superiors and learning will be recorded for the future course. This further helps management to ensure that the project is on its track and there are no loopholes involved in it.

5. Manage by exception

Board members are senior executives who have major roles and responsibilities in the organization, and they cannot allocate time for the project on a daily basis. They will be able to define baseline requirements and assign them to the project manager. Some of the measurable elements of the project are time, cost, risk assessment, scopes, and others. If there are any issues, such as the project running late or not being on track, or going out of budget, the project manager will take appropriate action. However, some issues might impact the establishment. Such issues are exceptions; here, board members intervene and make decisions.

6. Focus on the product

Also, teams are there to ensure that the deliverables are measured accurately and precisely and meet the project objectives. Superior quality control is the main thing that is always checked and compared with the requirements.

7. Tailor to suit the project

Different projects have different tailored requirements, and with the PRINCE2® environment, a tailored approach for each project is possible. The PRINCE2® method will be able to cater to your custom needs by adjusting different aspects of the method, such as the number of team members, the amount of oversight, and stage planning.

What do 2 stand for in PRINCE2®?

There are chances that you might wonder what 2 stands for, the PRINCE2® method. The original PRINCE version was developed and introduced in the late 1980s specifically to manage IT projects. However, in 1996, the approach was reviewed and updated as per the latest issues and hindrances faced by the global project management teams. A team of experienced project management specialists from more than 150 public and private organizations worked and updated the version and developed a new version that is more effective, efficient, and accurate. The latest version is more improved and precise and addresses almost all the issues clearly. This latest version is called PRINCE2®.

The number of roles in PRINCE2®

There are a total of three core roles: the project board, the project manager and the team. However, there are additional supplemental roles defined to make the project management more streamlined and linear. 

We will discuss the total of 7 roles in PRINCE2®

1. The customer

The customer is the one who owns the project and is paying the organization for the project to be completed. 

2. The user

The user is one who will use the deliverables of the project or one who will be impacted by the outcome of the project. Sometimes, the user and the customer are the same people.

3. The supplier

A supplier is a person who possesses the expertise to complete the project and is responsible for delivering the best outcomes decided by the customer. He offers the knowledge and skills to complete the project.

4. The project manager

A project manager is a person who will monitor and control the complete project. The project manager is a very special person who is responsible for completing the project successfully. From planning, organizing, and controlling the work, everything will be done by the project manager. Also, the project manager will be responsible for forming the team and assigning roles and responsibilities to the team members, and overseeing the work assigned to them. The project manager will also ensure that the project gets completed in the required timeframe and the outcomes are measurable and accurate as per the customer’s requirements.

5. The project team and team managers

The project teams are the ones who will perform the duties and tasks assigned to them effectively and efficiently. There might be one team or multiple teams to perform various tasks and actions. Teams might have a separate team leader who is responsible for ensuring that the given tasks are completed on time.

6. The administrator

If the project size is small, the project manager will take responsibility for the administrator. However, in big and complex projects, the administrator is required. The administrator will be responsible for setting up meetings, tracking the daily deliverables, and updating everyone involved with the projects about important instructions and specifications about the project. A separate project support office is established to ensure that the project runs smoothly and completes in a given timeframe.

The project board includes multiple people, such as the customer, the end user, and the supplier. The project board checks three perspectives:

  1. The viability of the project is defined and checked by the customer to ensure that the project is important and should continue.
  2. The user ensures that all the needs are being met to complete the project on time.
  3. The supplier has a major responsibility. They will ensure that the project is running in the right direction and is offering a practical solution to the issue.

Enhance your abilities with PMI's PMP certification and elevate your project management expertise. Obtain certification now!

The 7-phase Process for the PRINCE2® Project Management Method

Here, we will break the complete project management process into 7 parts to understand it more clearly. 

1. Starting up a project

Here, a customer submits a project requirement called the project mandate. It is a brief introduction to the needs and objectives of the project. The organization will access the project requirements and will make sure whether the company is able to complete the project or not.

Once the project is approved, the customer will give a more detailed brief, including actions, resources, and other crucial information to complete the project. 

2. Project direction

Now the organization managers will check out the viability and justification of the project by reviewing and evaluating the project brief. They will assign a project manager and other necessities to complete the project.

3. Project initiation

The project initiation document will be prepared by the project manager. The document will cover a comprehensive plan and six different factors, including cost, quality, scope, time, risk, and advantages. 

The documents will be sent to the project board for approval, and once the board approves the plan, the project will start. 

4. Stage controlling

The whole project will be broken into different stages, and to complete these; teams will be formed and assigned responsibilities. 

The project manager will map the process for each project stage and will take action when any hindrances and loopholes arise. 

5. Product delivery management

The project manager's main responsibility is to compare the deliverables and expectations from the project board. They will ensure that the deliverables meet the expectations. 

Once the project is completed, the board will review it and ask for revisions and changes if needed. 

6. Stage boundaries management

The manager and the board will evaluate and review the deliverables at each project stage to ensure that the project is going in the right direction.

7. Project closing

Once the project is completed, the project manager will close threads such as documentation, outcomes, and reporting.

The PRINCE2® is a very effective and superior project management method as it offers impeccable opportunities to the project board and the project manager to track the project's success at each stage of the project.

Conclusion 

A project manager aims to deliver projects on time, within budget, and according to the requirements stated by clients or stakeholders. PRINCE 2 provides structure and a common language for your projects as it guides users through each stage of a project's lifespan. It provides basic adaptable, scalable project management guidelines that can be customized to satisfy unique needs.  

The themes, principles, and procedures provided by PRINCE2 allow project managers to successfully complete small and large projects. It is based on the expertise and experience of various project management practitioners.  

The concepts, procedures, and principles of PRINCE2 ensure that projects are delivered successfully and that services are provided on schedule without compromising quality. Enhance your career and improve your skills by learning more about the PRINCE2 methodology and honing your project management abilities with its certification training.

Master Right Skills & Boost Your Career

Avail your free 1:1 mentorship session

Frequently Asked Questions (FAQs)

1. What are the four elements of PRINCE2?

2. What are the 6 variables of PRINCE2?

3. What are the three recommended types of issues in PRINCE2?

Kevin D.Davis

Kevin D.Davis

482 articles published

Get Free Consultation

By submitting, I accept the T&C and
Privacy Policy

Suggested Blogs