PROJECT SYSTEMS AND METHODS

PRINCE2 Methodology
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Contents
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PRINCE2 History:  PAGEREF _Toc279390847 \h
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Introduction:  PAGEREF _Toc279390848 \h
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What are the principles of PRINCE2?  PAGEREF _Toc279390849 \h
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What are the differences between the processes?  PAGEREF _Toc279390850 \h
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What are the important differences between the PRINCE2 2009 themes and PRINCE2 components?  PAGEREF _Toc279390851 \h
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An analysis of the methodology:  PAGEREF _Toc279390852 \h
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Disadvantages  PAGEREF _Toc279390853 \h
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PRINCE2 comparison to Body of Knowledge (BOK):  PAGEREF _Toc279390854 \h
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Suggestions to improve and adapt PRINCE2 methodology:  PAGEREF _Toc279390855 \h
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Conclusion:  PAGEREF _Toc279390856 \h
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Resources  PAGEREF _Toc279390857 \h
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PRINCE2 Methodology
PRINCE2 History:
PRINCE2 methodology is an updated version of the Prince which was developed in 1989 by the Central Computer and Telecommunications Agency (CCTA) to fulfill the project management needs of the UK government. It was initially used for IT based projects but soon it spread out to other industries and fields. In 1996 PRINCE2 was released in the UK as a standard project management method, and its success led to its release all over the world. Its latest version was released in 2009.
Introduction:
PRINCE2 can be broken into three broad areas:
Principles
Processes
Themes
The approach of this methodology is process based. This approach explains the management the numerous processes involved in bringing together the raw materials required for a successful project. You don't pick and choose which elements of PRINCE2 to apply to your project. PRINCE2 is applied fully to help ensure consistency and standardize your approach. Although the full methodology is applied in each case, an integral principle of PRINCE2 is that you can tailor its use. This ensures that for any given project, a correct and appropriate amount of planning, control, governance and the use of the processes and themes is utilized. (Charvat, Jason 2010, pp. 118-123)
What are the principles of PRINCE2?
Principles are the basic foundations of any methodology and are termed as guiding obligations for good conduct or practice. The objective of PRINCE2 is to provide a project management method that can be used all over the world in all different types of industries, cultures and organizational set...