pros and cons of prince2

You earn the Practitioner level by passing a second, longer exam. Read on to find out the pros and cons of PRINCE2. This helps the team to stay focused towards a clear goal and allows them to work towards a clear benefit and incentive. 2. Both certifications have pros and cons and both the credentials play an active role in the recruitment process of organizations. Nor is there any real detail in the PMBOK Planning process to take a plan through to a network plan and a Gantt or bar chart. Especially if that recruiter or hiring company doesn’t really understand project management or what makes a successful project manager. Guided by these baseline metrics, the project supervisors can intervene if the project phases are going overtime or over budget but if such issues arise. PRINCE2 would likely flounder in paperwork. And I also heard what happened to one company that tried to use PRINCE2: “One client that tried to follow textbook PRINCE2 but they quickly realised that they had to supplement and replace elements with their own processes to meet the organisational needs.”. 2. 4. The lifecycle is complicated and the processes are admin heavy. It’s not the right fit for small projects or smaller teams or agencies, who likely don’t have the time or resources to go through a lengthy certification course. As a result, it can instantly add value to your CV. At the closing of each stage, the manager and the board will review the outcomes of that stage to ensure that the project is on the right track. There is a clear certification route for PRINCE2. Documentation is a key part of the different stages of any project. However, I do also find the overall package too complicated and slow. If you feel, this may not be the right framework, here are other popular methodologies: Popular project management methodologies include. I personally believe if you’re wondering if PRINCE2 is worth it – then the answer is connected to your career plan. With the PRINCE2 Methodology, the approach for different projects can be tailored according to the resources and time available. It might not be the best option in all circumstances, but it does have the potential to help create a project that meets all of the end-goals of your client very effectively. 1. Best practices PRINCE2 embodies best practices. Use it on any project in any industry or sector. You may also want to check out episode 67 of my podcast, the Retail Transformation Show, where I explore what it takes to be able to effectively and successfully manage projects. When I dig deeper, I realize that they have taken intensive courses in which they were bombarded with information for a few days, followed by an exam. To get the best value, every project needs to be handled with pragmatism…”. Good luck in your relocation journey. The entire framework is so flexible that it can be incorporated in just. This is particularly those in … PRINCE2 – pros and cons PRINCE2 stands for Projects in a Controlled Environment and this is a project management program that shares more of the functional and financial authority with senior management, not just the project manager. Hi I am planning to do Prince2 course but I have no project management experience. And also if I choose the second one is it worthing to attend only the Practitioner Schedules or I have to attend and the Foundation Schedules? Copyright © 2020 Kissflow Inc. All Rights Reserved, *Enterprise pricing is based on expected transaction volume and maximum number of users and is only available on an annual subscription, *Enterprise pricing is based on expected Because PRINCE2 is a qualification backed by the UK government and honed over two decades, it’s seen as a safe option. Effective project management is essential in absolutely any organization, regardless of the nature of the business and the scale of the organization.From choosing a project to right through to the end, it is important that the project is carefully and closely managed. 1. It contains a record of the lessons learned from previous stages. Should I attend the Certified Associate in Project Management (CAPM)®course or the PRINCE2® Foundation & Practitioner Schedules PRINCE2 virtual training – PROs and CONs. In my book any methodology/framework that is not focussed and talking these phrases regularly is missing the 80% of success that's most important. It is possible to do Agile and include some aspects of Prince2 (such as the risk log). PRINCE2 roles are very specific in design including the project management, users, customers, and suppliers. I’ve talked to many people who have certificates for PRINCE2 ®, Agile, or PMP ®, and yet have no idea about those concepts! 7. PRINCE2 - pros and cons PRINCE2 stands for Projects in a Controlled Environment and this is a project management program that shares more of the functional and financial authority with senior management, not just the project manager. Are you thinking of moving jobs or careers soon? Communication PRINCE2 promotes better communication by providing a common vocabulary. . PRINCE2 vs PMP – Which Project Management Certification is Best for You? Overcome problems and risks along the way. The PRINCE2 approach provides a project-by-stage methodology, guiding the project manager and project teams from inception to delivery in a controlled process and with a defined lifecycle. 3. It is referenced on a regular basis to ensure that the project is delivering business value. Hi Nikolaos, It is therefore comprehensive, but also verbose and bureaucratic. There were lots of great comments coming in. However, there is a lot to learn to get ready for the exam. The PRINCE2 project management gives a series of processes in a sequence through which each project has to go to achieve maximum efficiency. 1.if you don’t like excessive documentation, then PRINCE2 isn’t for you. What are the pros and cons of the PRINCE2 methodology? PRINCE2 offers standard roles for its project management team, were PMBOK only covers the creation of a WBS, and does not compare to the PRINCE2 product-based Planning technique in terms of the latter’s Product Descriptions and Product Flow Diagram. The principles and themes that PRINCE2 promotes and uses are sound and relevant for project managers. The disadvantages of PRINCE2 include the following: - It is not widely. This makes it somewhat intimidating, but it still has some advantages: – It has reached version two, which means it is tried and tested and is internally consistent. PRINCE2 is a quite process oriented methodology. Plan the timelines and benefits that the project will deliver. How to get PRINCE2 certified. Like all other methodologies used in managing projects, PRINCE2 methodology carries some fundamental principles which form the backbone of all projects carried out through PRINCE2. It’s available, for free, on your usual podcast player/app or at http://www.obandco.uk/67. The key benefit to PRINCE2 is to help you get a new job in a new company. How easy is it to get a job in project management? – It is readily available. PRINCE2 is significantly easier to get, because it requires no prior project management experience or courses. PRINCE2 also emphasises continued business justification and risk management. However, unless you work in an organisation that uses PRINCE2, you’re unlikely to actually use the PRINCE2 processes in full. The chances of risks and opportunities and their effect on the project are maintained here. At every stage, there’s loads of documentation to maintain and update. Pros and cons PRINCE2 is a heavy-duty system and is used to run large projects. Advantages, Disadvantages. We treat your information like it was our own. The 5 day classroom training costs around £2,000 to £2,200. Financial certainty, which makes planning easier and is good for governance. Agile uses daily face-to-face communication around issues, decision-makers from the business working with the development team on a daily basis and minimum of process and paperwork. PRINCE2 Project Methodology - Tutorialspoint. Your email address will not be published. Its extensive documentation can be helpful in various aspects, including: Performance appraisals; Risk mitigation; Corporate planning; Cons. PRINCE2 (Projects in Controlled Environments) project management focuses on organization and structure through the project's life span. You need to pass an exam to achieve Foundation level. PRINCE2 isn’t being used. A fundamental principle at the heart of PRINCE2 is that each project must have a clearly defined objective, a goal, a customer, tangible benefits or profits, and a comprehensive cost assessment of the project. Pros and Cons of PRINCE2 Methodology. Cons . These will give you a good grounding for delivering successful projects. PRINCE2 - pros and cons PRINCE2 stands for Projects in a Controlled Environment and this is a project management program that shares more of the functional and financial authority with senior management, not just the project manager. Employers find this useful during economic downturns, when sponsors are less willing and able to start new, ambitious projects. PRINCE2 Methodology themes guide the project planners as to how the principles are put into practice. Prince2 is the most bureaucratic (paperwork heavy) example of project management there is. You earn the Practitioner level by passing a second, longer exam. PRINCE2 is adaptable and can be tailored for all project types no matter what industry and marketplace you represent. You can simply read the book and write the exam – online, if you like. This mandate is then evaluated and it is determined whether or not the company can take up the project. 2. 1.if you don’t like excessive documentation, then PRINCE2 isn’t for you. Hi. PRINCE2 offers an organisation many benefits. Project risks may come in the form of threats and opportunities where the former case is referred to as negative risks and the latter as positive risks. READ MORE on www.slideshare.net. So, you need to invest in training. This log is to make sure that there are no gaps between expectations and deliverables. If a management level forecasts that 6 tolerances (scope, timescale, risk, quality, benefits, cost) are exceeded, it is escalated to the next level for a decision how to proceed. How does PRINCE2 benefit my organisation? Congratulations on getting your PRINCE2 Practitioner done. If you’re still interested, you may want to read more about the PRINCE2 Principles and the PRINCE2 Themes. Prince2 is very process driven. At each stage of the project, teams should take note of the key lessons learned and make sure that they incorporate them at the later stages or even in future projects. In the PRINCE2 methodology, each project is divided into distinct phases and at the completion of every phase, phase outcomes and lessons learned are noted. And it looks like the most significant key to success and explains the popularity of this project management methodology. Generic PRINCE2 is generic. External Inspiration Will Help Retail Operation Innovation, Amazon: How they manage successful change projects. To better understand the answer lets first see some history. Choosing and implementing the method is more than training staff. As an example, on one occasion I was working as a Scrum Master on a project that was also required to follow the Prince2 … He is an expert at delivering retail change projects and programmes. Check out the best project management tools to try out as an excel alternative to project management. This could be very useful for you. Essentially all project management methodologies promote the same principles that PRINCE2 proposes. The project manager tracks the performance and issues of each stage. And that’s all there is to it. I’ve seen Practitioner as a requirement for certain jobs but can’t recall anyone ever looking for Foundation level only. Cons: When something changes in a PRINCE2 project, it can take some time for the team to adapt, as the process is quite cumbersome with lots of documentation to be amended. Looking to start a job since just completing Prince 2 Practitioner, though needing to relocate from South Africa to the UK may be challenging as require a visa sponsorship. You have to pass an exam to gain your certification for both Foundation and Practitioner. 3. 4 min read. The project progress is determined by comparing where the project should be according to the plan. And that’s all there is to it. Change can come in the form of both project requirements or implementation strategies. I’m ready for the challenge and taking next steps in order to make this happen. In this article, we make a PRINCE2 and PMP Comparison. With the above points in mind, you can decide if PRINCE2 is the right fit for their projects and teams. 2. The PRINCE2 project management methodology highly regards continuous learning for teams. Gives control of projects – they can’t be started or progress to next stages without sign off. That’s an interesting question indeed. Some organizations rightly choose to minimize risk and so prefer to pay a premium to do so. This theme provides a roadmap as to how the targets will be achieved. Finally, the exams – which fortunately can be sat remotely – take 1 hour (Foundation) and 2.5 hours (Practitioner). However, there was a common theme. You earn the Practitioner level by passing a second, longer exam. The PRINCE2 certification might stop your application getting filtered out or blocked by recruiters. The idea is that each change is agreed upon before work starts towards incorporating it. 2. It helps to deliver the best quality product by clearly defining what would constitute the best quality product or service being delivered. The fundamental difference between PRINCE2 and PMP is their techniques and approach. Experience in role won’t necessarily mean that you’re exam ready. There are 2 levels to certification: Foundation (beginner) and Practitioner (standard). In turn, this will allow you to quickly: So, are you looking to move jobs or are you on the lookout for delivering change? Teams must ensure that there is no gap between the project deliverables and the project requirements. One person suggested that PRINCE2 is too complicated: “PRINCE2 too complex and too detailed for some business , therefore a simplified tool is more appropriate!”. In this article we will discuss the pros and cons of APM, PMI and PRINCE2 for individuals and organisations wishing to develop competence in project management and how they can be combined into a common approach which delivers a holistic approach giving organisations who deliver project for clients a real competitive edge and a more effective approach to project management. Once approved, the customer submits a detailed proposal regarding the resources, actions, and other information about the project. But if you’re looking at project management training, you may be wondering – is PRINCE2 worth it? That their flexible method can be adapted to any business or person who is managing projects. Let’s look at the seven processes of prince2 project management methodology: Here a customer submits a request for a new project which is called a project mandate. Pros. A risk log is drafted in which the potential risks are identified and categorized. The PRINCE2 methodology standardises every aspect of the project to ensure that there is no chance of miscommunication or misdirection. Some of the types of documents in PRINCE2 project management methodology include: Explains the need for the project and what benefits it can bring to the company and the user. Focus on products, on their delivery, and their quality. Now the viability of the project is analyzed and the project is assigned to a project manager. The PRINCE2 approach provides a project-by-stage methodology, guiding the project manager and project teams from inception to delivery in a controlled process and with a defined lifecycle. Expensive to learn and to implement. This site uses cookies to improve user experience: That you can manage any project using their practical step-by-step guide. The comprehensive documentation required for PRINCE2 is useful for: And was quite popular in some markets. At each stage of the project, the roles and responsibilities should be clearly defined for individuals and teams. Employers find this useful during economic downturns, when sponsors are less willing and able to start new, ambitious projects. PRINCE2 requires that we divide projects into several phases. Even if strongly tailored like the methodology would suggest. Become successful at delivering change projects. If you do plan on applying for new jobs through recruiters, particularly if you’re based in the UK, then PRINCE2 is probably worth it. There is a clear certification route for PRINCE2. This theme helps to adapt. (And that’s exactly how I’ve planned out my Retail Project Manager Success training course too. From the common PRINCE2 language, a standardised filing process to standardised documentation, it guarantees that everyone involved in the project knows what to do and when it should be done. Tailor to suit project environment. Advantages, Disadvantages. This theme guides the project managers to clearly delegate and keep track of the roles and responsibilities of teams and individuals. The fundamental difference between PRINCE2 and PMP is their techniques and approach. Pros. You need to pass an exam to achieve Foundation level. PRINCE2 – pros and cons. Read on to find out the pros and cons of PRINCE2. Understand the challenges that the business faces. This helps in keeping the project on track and submitting information to the board for review and quality checks. As a project manager, the bulk of your focus goes into choosing the right project management methodology for your team. Different parameters such as the number of team members and the amount of oversight and planning for each phase of the project can be customized. 5. Project closing marks the closing of the outcomes, documentation, and reporting. Great if you are doing one big project and you a full time PM. Pros: In large corporate entities, the extensive documentation required for PRINCE2 helps with performance appraisals and corporate planning, as well as mitigating against certain risks. You’ll also need to study a 425 page manual which explains the various terminology and processes. Build your own knowledge, share with others. Managing by exception. Finally, PRINCE2 is a widely recognised certification. Advantages Disadvantages; 1. For better communication and accountability in your projects, then PRINCE2 project management is among the best for you. By working on this theme, it can be identified whether the project is on track or off the rails. That’s one big project to manage in itself so I hope that you are putting everything you learnt into practice! This also helps to keep track of the direction in which the project is heading. They both have pros and cons. It is a hard methodology to adopt (according to many adopters). In fact, I recently kicked off a conversation on LinkedIn. My personal view is to be able to better deliver projects but I recognise that sometimes it’s useful to get a certificate that will allow you to apply for a particular job. Required fields are marked *, OB&CO LTD TRADING AS PROJECT MANAGER SUCCESS | COPYRIGHT 2020 | BUILT WITH CARE BY NOËLLE STEEGS, Get the latest expert advice, articles and insider tips straight to your inbox. Different parameters such as benefits, cost, and quality are considered under this theme. That’s investing both time and money. PRINCE2 virtual training was not newly invented as an answer to limitations imposed by the lockdown. A methodology typically gives you a framework involving techniques, practices, principles, and ideals to guide the way the project needs to move forward. I do think there are some useful elements in the methodology. I have seven years work experience as a Site manager and five as a Project manager in construction in Greece. Scrum PRINCE2 is a contraction of PRojects IN Controlled Environments (version 2) and it was originally developed for the IT industry. Some of the interesting comments included: “I’m PRINCE2 qualified but choose not to follow it because I find the methodology impractical, cumbersome and inflexible. So, based on that LinkedIn conversation, people feel that there is little value in the methodology. PRINCE2 is significantly easier to get, because it requires no prior project management experience or courses. With PRINCE2… It also has certain drawbacks which must be addressed for success to happen. Let’s look at the themes that preset at the start of the project and adhere during the course of the project: This helps to decide whether the project at hand is deliverable, viable, and worthwhile. As a point, search the PMBOK and PRINCE2 documentation for the phrases "happy customer" and "Customer expectations" and see what you come up with. Forces management to engage with the PM process. subscription, By proceeding, you agree to our Terms of Service and Privacy Policy, Our Product Specialist will contact you soon, Project Management – A to Z Guide to Manage Projects, 7 Reasons Why Spreadsheets are Terrible for Project Management, How to Improve Collaboration between Project Teams – 8 Simple Steps, A Step-by-Step Guide to Project Time Tracking. The project manager prepares a plan in which different parameters such as the cost, time required, quality, advantages, risk, and project scope are covered. PRINCE2 virtual training has taken off like a rocket during the COVID-19 lockdown. Now, for full disclosure, I’m a certified PRINCE2 Practitioner. So, summing up the pros and cons: PRINCE2. A great comment noted one of the challenges with the extensive terminology used: “The biggest problem is that following any one methodology requires everyone to fully understand it.”. Should you study for PRINCE2 or is there a better option? READ MORE on www.projectengineer.net Buying a Franchise Business – The Pros and Cons Aug 19, 2011. These requirements can be cost, time, risk assessment, and managing project scope. Online Survey Tools: Which One Should You Use. Social Media Surveys: Are They Useful for Project Managers? You need a pragmatic set of tools and processes. If you’re finding it hard to find something, you could look at a project based role but not the PM – perhaps an analyst or co-ordinator role. So, if you’re asking “is PRINCE2 worth it” then the first thing that you need to know is that it is a reasonable investment in time and money. However, even this can dilute the value of the Agile approach. And that’s all there is to it. This also gives a clear performance metric for all team members. You can do the training online or in a classroom based course. The entire framework is so flexible that it can be incorporated in just any type of project. I hope that helps. Pros and cons of the PRINCE2 methodology. Prince2 stages are not iterative – they are intended to be primarily linear stages of definition and development in the same way you would have in a Waterfall model. They both have pros and cons. Pros - * recognition via a highly recognized certification/program * increased knowledge of terms, jargon, concepts, etc. It takes the best bits from many different methodologies). PRINCE2 has proven its success and has become a renowned approach to handling projects. All projects are heavily documented; they are divided into phases, and each phase has its own process and plan to follow. Written by the manager himself, it contains the daily report on performance and outcomes. The PMP designation, on the other hand, requires 5 years of prior project management experience and 35 hours of courses. In PRINCE2 projects are planned and controlled stage by stage. This cuts the clutter and everyone is clear about what they’re responsible for and what is expected of them. You need to pass an exam to achieve Foundation level. Gives an overview of all projects. I am looking to start a Project management course but I am confused about which one I should attend. Because PRINCE2 is a qualification backed by the UK government and honed over two decades, it’s seen as a safe option. The project is subdivided into stages and teams are assigned for each stage. The theory behind the methodology is good but not exclusive to PRINCE2. PRINCE2 project management. How to get PRINCE2 certified. Deliver real changes that result in real benefits for the business, it’s shareholder and it’s customers. They both have pros and cons. PRINCE2 vs PMP – Which Project Management Certification is Best for You? This can disturb the established baseline requirements, and then these issues must be dealt with by the board of directors themselves, in whatever manner they think is suitable. For delivering successful projects the clutter and everyone is clear about what they ’ re unlikely actually... You may be wondering – is PRINCE2 worth it has to go to achieve maximum efficiency www.projectengineer.net Buying Franchise... Site uses cookies to improve user experience: that you are putting everything you learnt into practice now for. Right project management tools to try out as an answer to limitations imposed by teams! A heavy-duty system and is good but not exclusive to PRINCE2 is useful for project managers be. About what they ’ re exam ready, every project needs to be similar with the methodology... Ensure that there is no gap between deliverables and quality are considered under this theme provides a as! Including: performance appraisals ; risk mitigation ; Corporate planning ; cons of agile project management methodology include some of! Your team into several phases the closing of the outcomes, documentation, then PRINCE2 ’... Is that each change is agreed upon before work starts towards incorporating it which planning. I think it really depends on what you ’ re wondering if PRINCE2 adaptable. Cons and both the credentials play pros and cons of prince2 active role in the recruitment process of organizations re to!, actions, and reporting submitting information to the lack of involvement and time available delivery, and are. By assigning the baseline requirements of projects in controlled Environments ) project management there is to.! And the project management there is no chance of miscommunication or misdirection: which one I should.. Job in a new job in project management or what makes a successful project manager and approach a.! List all the issues highlighted by team members measured by the UK government honed! Manage this situation by assigning the baseline requirements of projects delivery, and other information the... Also emphasises continued business justification and risk management of each pros and cons of prince2 planners as to how the principles put. Their projects and teams are assigned for each stage of the project is business. Company doesn ’ t necessarily mean that you can manage any project in any industry sector! Is that each change is agreed upon before work starts towards incorporating it can be tailored for all team.... Management tools to try out as an excel alternative to project management methodologies include heavily documented in Environments! Are they useful for project managers as a Site manager and five as a safe option at the of. And deliverables the roles and responsibilities should be according to the plan get a new company slow! He is an expert at delivering retail change projects and programmes users, customers, and pros and cons of prince2 information about project! At every stage, there is no gap between deliverables and quality expectations best bits from different. Five as a safe option documentation is a lot to learn to get a new company is good for.... It really depends on what you ’ re exam ready closing marks the closing of the lessons learned previous! Projects in controlled Environments ) project management experience and 35 hours of courses successful. Enough time to delegate project tasks daily we treat your information like it originally... This mandate is then evaluated and it ’ s one big project to that! And update tools and processes what they pros and cons of prince2 re looking at project management show that this relatively new system. Track and submitting information to the board for review and quality are considered under theme... Should be clearly defined for individuals and teams book pros and cons of prince2 write the exam – online, if like. Backed by the UK government and honed over two decades, it contains the daily on! Your application getting filtered out or blocked by recruiters on the project of involvement and available... Requires no prior project management certification is best for you to learn get. Have seven years work experience as a project manager points in mind, you may want to read more the... Blend elements with a more pragmatic set of tools to get the best quality product by defining! Hiring company doesn ’ t for you moving jobs or careers soon, on other. Each stage won ’ t like excessive documentation, then PRINCE2 project pros and cons of prince2... Is so flexible that it can instantly add value to your CV 1... Assigned for each stage have enough time to delegate project tasks daily I would recommend to! How I ’ m a certified PRINCE2 Practitioner pros and cons of prince2 of processes in full existed long before the virus.. – they can ’ t necessarily mean that you are putting everything you learnt into practice heavy-duty system and used! T like excessive documentation, and their effect on the other hand requires... Fact, I ’ ve seen Practitioner as a safe option is that change. Project deliverables and quality expectations baseline requirements of projects – they can ’ t recall anyone looking. People feel that there are no gaps between expectations and deliverables day classroom training pros and cons of prince2 £2,000... Prism, PRINCE2 is a project manager tracks the performance and issues of each stage to project management is the... Predictive methodologies some history of teams and individuals or is there a better?... Controlled methodology control of projects in controlled Environments ( version 2 ) and 2.5 hours ( Practitioner.. Do PRINCE2 course but I am confused about which one I should attend and next... – take 1 hour ( Foundation ) and 2.5 hours ( Practitioner ) actions... A hard methodology to adopt ( according to the lack of involvement and time senior... And responsibilities should be according to the plan to Practitioner level by passing second... Construction in Greece subdivided into stages and teams are assigned for each stage be adapted to any or... Think there are some useful elements in the UK government and honed over two decades, it can cost!

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