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What Is PRINCE2?
When taking on the role as project manager, it is your duty to ensure everything runs as smoothly as possible. One of the more popular methods to ensure this is PRINCE2 (or Projects In Controlled Environments). This is an effective project management method that emphasises the use of stages. The method is mostly used in the private sector, not only in the United States, but all over the world. Initially the method was developed to be a global standard for information systems projects. Therefore PRINCE2 certification is fundamental for all Indiana University Business and Management Students.
There are 7 stages, or processes to PRINCE2 projects, which make it an extremely manageable method of project management, allowing reviews after each process has been completed. The seven processes are:
1. Starting up a Project
2. Initiating a Project
3. Directing a Project
4. Controlling a Stage
5. Managing Product Delivery
6. Managing a Stage Boundary
7. Closing a Project
Breaking the project down into these 7 processes allow for a far more in depth, real-time management method.
A huge benefit of PRINCE2 is that it is completely generic and can be used for any project. Due to the use of the method as the UK standard, it has been built from shared best practices and therefore can be applied to any project regardless of organisation, type or culture.
The PRINCE2 qualification is split into two levels. Firstly there is the PRINCE2 Foundation and PRINCE2 Practitioner. By completing PRINCE2 Foundation Certification Training, you can then progress onto becoming a PRINCE2 Practitioner. The foundation training and examination usually takes around 2-3 days, however it is possible to complete both foundation and practitioner together, which would increase the time to 5 days.
How Will PRINCE2 Benefit Me?
Becoming a PRINCE2 practitioner can benefit you as a project manager by providing you with the knowledge to manage business and risk far more effectively. Not only that, but holding the PRINCE2 qualification can improve your potential job prospects, not just in project management, but in any sector. This certification is seen to be an invaluable asset to career progression.
How Can PRINCE2 Benefit My Organisation?
An organisation can benefit from having a PRINCE2 practitioner managing their projects by having the knowledge and peace of mind that their project is being managed utilizing best practices. This will not only provide a consistent approach to projects, but also provide excellent structure, frequent reviews and assurance that the project is justified.
Should I Become PRINCE2 Qualified?
Obtaining the PRINCE2 qualification will not only make you a better project manager, with a more controlled and systematic approach to any projects you take on. It can also benefit you regardless of your career path. The certification shows you have an understanding that all projects must have a clear plan going forward, it must be reviewed frequently to ensure progress is being maintained, and it should also have a clear, conclusive end. This would be looked at favourable by a number of employers, in all industries. Not only that, but you could also personally benefit from the knowledge taken from your PRINCE2 Foundation Certification Training course, by applying it to everyday life and he tasks, or projects you face day to day.