Organizations that work with projects, such as IT firms, tend to follow a work frame that helps them to manage the project better with the help of some said principles and guidelines. These guidelines are printed towards the hassle-free completion of the project and target achievement with maximization of profit as well as loss minimization and better relationships among the team members and with the client. One such project management framework is the PRINCE2 type of project management. PRINCE2 stands for PRojects IN Controlled Environment. This was introduced to mankind in the year of 1989. It coalesces PROMPT and other types of similar project management frameworks into one bundle. The governing body of the PRINCE2 is the Crown.
The best features of PRINCE2 type of project management:-
– The project management guidelines have been tailored to fit in any type of work environment regardless of the project specifications like time, budget, scope, targets, etc. PRINCE2 enables the evaluation of previous projects with respect to the demerits and lacking that can be efficiently eliminated and reinforced in the current project for a better result.
– It integrates the suggestions of several employees and undertakes the best with the help of scoring the ideas.
– The PRINCE2 project management helps the organization stand out with the exceptional type of project management and thus choosing by clients over other organizations, pointing at a better profit.
– The resources available are efficiently utilized without any underutilization or overutilization, thereby ensuring that the organization comes out with flying colors even at scarce availability of resources.
– It aims at diminishing the faulty production with regular monitoring and evaluation, thereby decreasing the loss that an organization has to incur.
– The efficient time utilization, the employees require not to work overtime, and can thus spend quality me – time. This ensures greater efficiency on the part of the employee and a better-handled project in turn.
– A better and efficiently handled project is a door to a new future for the organization. A satisfied client will tend to provide the same organization with his or her future projects, and thus the organization can benefit from them. Whereas, the client may also go further to suggest the organization to his mates, who in turn, add up to the success story of the organization applying PRINCE2 project management.
How and when to adopt PRINCE2 project management in an organization?
– When the organization realizes that the current running framework has outdated and needs to go for a better one. PRINCE2 is the best option to adopt.
– When projects specifically call for PRINCE2 type of project management, the organization may adopt PRINCE2 project management for that specific for the time being, although the other projects run on its default project management framework.
– The PRINCE2 can be easily merged with the current framework with enough knowledge about the principles and their applicability. This can be done by hiring professionals that have PRINCE2 certification and/or PRINCE2 training.
– PRINCE2 can be applied to any project faultlessly regardless of the location, target, and resources.
PRINCE2 is a type of project management that can be adopted by any organization for handling their projects in a fixed manner for the better end product or results, thus maximizing the current profit and minimizing the previous and potential pitfalls. This helps the organization to achieve a stature higher than the competent organizations and stand out in the field. Thus, an organization shall be investing in the best option while adopting the PRINCE2 type of project management as it guarantees better remuneration, easier adaptability, high flexibility, worldwide acceptance, and easy certification. The PRINCE2 certification is a certification that does not require any rigorous experiences as prerequisites; neither does it require severe hard work. Minimal hard work backed with credible PRINCE2 training can bring the candidate success.
Organizations have already picked themselves up and pulled their socks up and are now hiring better and competent professionals that are certified and trained for the said field. A candidate with PRINCE2 certification is a far better choice than a candidate with no certification at all or any other certification. Loaded with benefits, PRINCE2 project management is a success in disguise.