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PRINCE2 is a project management methodology mainly used in the UK, Australia, and European countries. "PRINCE2" stands for Project in Controlled Environment, as this approach focuses on resource and risk management by breaking the project into smaller phases, defining roles and responsibilities clearly, and using seven processes to manage the project lifecycle.
By organizing a project into logical steps, PRINCE2 requires a project management framework that has a project plan organized and controlled before it begins, to maintain its organization throughout the life cycle of the project. Control is performed by seven PRINCE2 procedures. These project management processes cover all the activities that make up a project, from start to finish.
Originally crafted by the Central Computer and Telecommunications Agency (CCTA) in 1989, the PRINCE2 method is based on PROMPT, another acronym for Project Resource Management Planning Method, created in 1975 and used by the UK government itself.
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The PRINCE2 methodology relies on seven principles:
- Continuing business case
- Learning from experience
- Defined Roles and Responsibilities
- Step-by-step management
- Exception management
- Focus on the product
- Adaptation to the project environment
Roles Included in Prince2
The main roles that make up the PRINCE2 project management team are:
- Project manager: A project manager is a person responsible for managing the planning, execution, control, and closing phases of a project.
- Team Leader: Depending on the size of your project, you may need a team leader who closely monitors team members and reports to the project manager.
- Customers: This is the person or organization that pays for the project and who will be affected in some way by the outcome of the project.
- Finally, there is a project board, consisting of the customer and business executives, such as one representing the users and another representing the participating vendors or experts.
The four levels of certification in the PRINCE2 project management methodology are:
- PRINCE2 2017 Foundation
- PRINCE2 2017 Practitioner
- PRINCE2 Agile Foundation
- PRINCE2 Agile Practitioner
The reliable PRINCE2 course leads to certification in methodology. The course requires users to complete training with an accredited training institution and then pass an exam. This can be done online or offline.
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The price of a PRINCE2 certification in Germany varies depending on the course type and format:
PRINCE2 7 Practitioner: The price of this course starts at €1,260 for the online format, €2,070 for the classroom format, and €1,740 for the virtual format.
PRINCE2 7 Foundation and Practitioner: The price of this course starts at €2,340 for the online format.
The PRINCE2 certification is a process-based method for project management that can be tailored to any project. It's split into two levels: Foundation and Practitioner.
Here are some things to know about the PRINCE2 certification:
Exams are taken online via remote proctor.
You'll receive an email invitation to register on the PeopleCert portal within 48 hours of purchase.
You're responsible for booking your own exam.
The certification needs to be renewed within three years of the award date.
PRINCE2 describes European approach of Project Management & PMP describes USA’s approach for Project Management. As maximum Indian company depends on outsourcing from USA & their followers, the PMP has more value in India. PRINCE2 is only valuable (In India) if you are working or planning to work a Europe based company.
Any Individuals who wish to attain knowledge in the area of Project Management can go ahead and take up the PRINCE2 Foundation examination and to appear for the PRINCE2 practitioner one has to be trained in PRINCE2 Practitioner program by an Accredited Training Organization and also have to pass in their PRINCE2 Foundation Examination.
The one who intends to know how the process based project management approach is followed in the industry and/how it can be adapted in your current project management structure are recommended to attend the training program and appear for the examination.
There is a recommendation that one has to have at least 3+ years of experience and especially in to projects to appear the PRINCE2 practitioner training or certification examination.
Attending a P2 Training and Appearing for the Certification exam shall add more value to individuals profile and it will act as a door opener for the individuals who are looking out for new opportunities.
PRINCE2 Foundation is valid for life time and the validity of the PRINCE2 Practitioner is for 5 Years from the Date of Issue and to keep the PRINCE2 practitioner certificate valid, you need to take a PRINCE2 practitioner re-registration exam every 5 years.
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ReplyDeletePRINCE2 Foundation is best suited for those new to project management and helps one understand the different aspects of a project. Foundation is ideal for those beginners whereas Practitioner qualification is tailored for those assigned to successfully implement a project. PRINCE2 Practitioner helps understand the practical application of PRINCE2 principles and it is essential for Project Managers. Major differences between PRINCE2 practitioner and Foundation include:
Foundation is based on general project management principles whereas Practitioner helps apply principles for efficient project management
Foundation adheres to certain keywords or phrases whereas Practitioner adapts according to the needs of each project
Foundation enables the participant to be a full-fledged member of the project team whereas Practitioner allows the participant to execute the project
Foundation provides sound, competent knowledge regarding the project whereas Practitioner provides comprehensive and practical knowledge for project execution
Foundation is intended for junior level project grades whereas Practitioner targets senior level project management executives
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