Essay PRINCE 2 Project Management Methodology - 1216 Words

History of PRINCE2 PRINCE2 (Project in Controlled Environments, Version 2) is a project management methodology that are released in 1996. It was based on combination of two methodology that is PROMPT (Projects Resource Organization Management Planning Technique) and IBMs MITP (Managing the Implementation of the Total Project) methodology. PROMPT that is originally created by former IBM Project Managers in 1975. Central Computer and Telecommunications Agency (CCTA) one of IBM’s client which is responsible for IT support in United Kingdom Government, applied PROMPT methodology and adapted it in 1979 and called it PRINCE (PROMPT in the CCTA Environment) which became Projects in Controlled Environments. PRINCE was widely used in IT project†¦show more content†¦3. Roles and Responsibilities Project must define roles and responsibilities of Project Board. Project Board consist business stakeholder, users and suppliers. Project Board makes the big decision about project and delegates authority to Project Managers. 4. Manage by Stages Project must be must be monitored and controlled in every stage. 5. Manage by exception Each time the Project Board want to move to next stage, they delegates authority to Project Managers by setting tolerances for cost, time, quality, scope, risk and benefits. 6. Focus on products Product produced must follow the scope of the project. Changes make for the product or scope must carefully consider the impact of project objectives. 7. Tailor to the project environments The project must consider the risk, complexity, size and importance. More complex project means it will need more high degree of monitoring needs. PRINCE2 Themes 1. Business Case Understand the benefits that will be gain over time against the risk and operational cost. 2. Organization Focus on who is responsible for making decision, committing resources, and monitoring throughout the project. Each member of the project must understand the roles and responsibility in the project. 3. Quality Focus on which product that are delivered by the project and level of quality of each product. It must fit for it purpose. 4. Risk Focus how to identify, planning, implementation and reports risk during the project. 5.Show MoreRelatedProject Management Body Of Knowledge Framework1528 Words   |  7 Pages1. Project Management 1.1 Research PRINCE 2 PRINCE 2, which stands for Projects IN Controlled Environments, is a process-based methodology for effective project management. 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