PRINCE2 (PRojects IN Controlled Environments 2nd edition) is a comprehensive method for the management of projects. The methodology comprises of four integrated elements. The method’s Processes describe the core activities required to control the preparation, execution and closure phases of a project. Supporting these Processes are a series of best practice project management Principles, management Themes and a fourth element referred to as the Project Environment.
The PRINCE2 methodology aligns organizations to best practice as it:
In some cases additional tools and techniques will be required to support the use of the method based on project type and corporate environment.
Therefore this methodology can be ‘scaled down’ or even ‘scaled up’.
The key principles which PRINCE2 is based on: