1-04 What is PRINCE2?

PRINCE2 is a generic method for Project Management, so it can be used for any project, from running a 1- to 2-day project for the TV Programme such as “The Apprentice” (a popular TV Programme in the UK and US) to a company acquisition -- or even to the construction of the main stadium for the London 2012 Olympic Games. 

PRINCE2 separates the management layer from the work to create the required products that the project has to produce (specialist work). This means that the same management layer can be used for different types of projects. The Management Layer refers to the organization of the project, such as Project Board, Project Manager and Teams. You will see this more clearly when we discuss the process model later.

A PRINCE2 project should include all 7 principles, these will be discussed and explained in the next chapter. The 7 principles are:

(Note: Don’t worry if you don’t understand what these mean for the moment.)

  1. Continued business justification
  2.  Learn from experience
  3.  Defined roles and responsibilities
  4. Manage by stages
  5. Manage by exception
  6.  Focus on products
  7. Tailor to suit the project environment