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About PRINCE2

The Importance of Projects

A key challenge for organisations in today's world is to succeed in balancing two parallel, competing imperatives:

  • To maintain current business operations - profitability, service quality, customer relationships, brand loyalty, productivity, market
    confidence etc. What we term 'business as usual'.
  • To transform business operations in order to survive and compete in the future - looking forward and deciding how business change can be introduced to best effect for the organisation.

As the pace of change (technology, business, social, regulatory etc.) accelerates, and the penalties of failing to adapt to change become more evident, the focus of management attention is inevitably moving to achieve a balance between business as usual and business change.

Projects are the means by which we introduce change. PRINCE2 defines a project as "a temporary organisation that is created for the purpose of delivering one or more business products according to an agreed Business Case."

Introducing PRINCE2

PRINCE2 (Projects in a Controlled Environment) is a structured project management method based on experience drawn from thousands of projects - and from the contributions of countless project sponsors, Project Managers, project teams, academics, trainers and consultants.

PRINCE2 is a non-proprietary method and has emerged worldwide as one of the most widely accepted methods for managing projects. This
is largely due to the fact that PRINCE2 is truly generic: it can be applied to any project regardless of project scale, type, organisation, geography or culture.

PRINCE2 achieves this by isolating the management aspects of project work from the specialist contributions, such as design, construction etc. The specialist aspects of any type of project are easily integrated with the PRINCE2 method and, used alongside PRINCE2, provide a secure overall framework for the project work.

Because PRINCE2 is generic and based on proven principles, organisations adopting the method as a standard can substantially improve their organisational capability and maturity across multiple areas of business activity - business change, construction, IT, mergers and acquisitions, research, product development and so on.

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