Project Management Methodology For The Uk - 2793 Words

Prince 2 is a widely recognised project management methodology in the UK. For this task you are required to provide an overview of Prince 2, critically evaluate this methodology and identify the types of project it is best suited to. It is essential that you appropriately reference your work using APA referencing. In the absence of appropriate referencing marks cannot be allocated for this task. What is a project? A project is a temporary endeavour designed to produce a unique product, service or result with a defined beginning and end (usually time-constrained, and often constrained by funding or deliverables), undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value (Lewis R. Ireland†¦show more content†¦Ã¢â‚¬ ¢ Who developed it? It was originally developed by the CCTA, which is part of the Office of Government Commerce, which in part is the UK Government. †¢ The methodology can be described as a process based approach to project management; which is built up of key elements such as inputs, outputs and objectives of which are clearly identified through the project †¢ PRINCE2 is considered very effective in its ability for monitoring progress as it adopts a stage by stage approach, which we will come to expand on in the later parts of this presentation. †¢ By adopting PRINCE2, the entire project is driven by the requirements of the business. This means that the project managers are encouraged to include suppliers and customers to make the process inclusive †¢ So is it just intended for IT projects? No. The original version of PRINCE was intended for IT, but the scope expanded, and the PRINCE2 methodology is now intended for all types of projects. A PRINCE2 Project Sets out to solve a business need Has a defined, unique set of products Has the nesesary resources Has a limited time scale Sets up an organisational structure with defined responsibilities http://www.slideshare.net/moniefeied/prince2-methodology?related=3 PRINCE2 philosophy Emphasises on the following: †¢ Extensive planning throughout †¢ A means of controlling the projects schedules, cost and overall quality †¢ A model that consists of processes to start, control and