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PRINCE 2 (PRojects IN Controlled Environments, version 2) is a process-driven project management methodology based on seven principles, seven themes and seven processes.

The seven principles are: Continued business justification, learn from experience, defined roles and responsibilities, manage by stages, manage by exception, focus on products and tailored to suit the project environment;

The seven themes are: business case, organization, quality, plans, risk, change and progress;

The principles and themes come into play in the seven processes.

7 themes of PRINCE2 define those areas of project management needed to be addressed continuously till the closure of the project. Following are the 7 themes defined in PRINCE2:

  1. Business case: Before starting any project, it is essential to know that if the project feasible, desirable and achievable.
  2. Organisation: In organisation, accountabilities and responsibilities are defined.
  3. Quality: The objective of this theme is to ensure that the project meets all its requirements without any issue.
  4. Risks: The objective of this theme is to focus on identifying, assessing and controlling risks.
  5. Plan: It is the most crucial theme of PRINCE2 methodology. It describes what to do and how to do to achieve the goal of the project. It describes what activities to be performed, when to be perform and by whom to be performed.
  6. Change: A client may anytime ask to add or remove a project requirement. This theme describes efficient and reliable change management.
  7. Progress: Objective of this theme is to ensure that project is being developed according to the plan.

7 PRINCE2 principles serve the purpose of a framework for the efficient project management practice. 7 PRINC2 principles consist of:

  1. Business justification
  2. Roles and responsibilities
  3. Learn from experience
  4. Manage by exceptions
  5. Manage by stages
  6. Tailor to suite the environment
  7. Focus on product

Processes: 7 processes of PRINCE2 describe responsibilities. In simple words- these process tell who will do what and when. 7 processes of PRINCE2 are:

  1. Starting up a project
  2. Initialisation of a project
  3. Direction of a project
  4. Controlling a stage
  5. Management of product delivery
  6. Management of stage boundaries
  7. Closures of a project

PRINCE2 is a Registered Trade Mark of OGC ( www.ogc.gov.uk), All Rights Reserved

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Some of the items that can be found in our knowledge base ...

COBIT 5 Key diagrams
COBIT 5 Tool-Kit 
SCRUM Poster (3 Pigglets)
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SCRUM SBOK Guide, 2013
PRINCE2 Foundation Pre-course

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