PRINCE2® (Projects IN Controlled Environments): PRINCE2 is a process-based project management approach suitable for any type of project; it is a de facto standard used extensively by the UK public sector and is widely recognized and used in the private sector, both in the UK and internationally.
PRINCE was developed for IT projects by the UK Central Computer and Telecommunications Agency (CCTA) and first released in 1989. It was renamed PRINCE2 when revised in 1996 to make it applicable to all types of projects. PRINCE2 is now owned by the Cabinet Office, part of HM Government. The latest version was published in 2009 in two volumes:
PRINCE2 comprises a set of principles, a set of control themes, a process lifecycle and guidance on matching the method to the project’s environment. The control themes are those aspects of project management that need to be addressed continually throughout the project lifecycle. They provide guidance on how the processes should be performed. The set of PRINCE2 themes describes:
Project managers, project team members; senior management involved in the decision-making activities of the project.
Scope and constraints
PRINCE2 is a generic project management approach that can be used for any type of project.
PRINCE2 complements MSP® (Managing Successful Programs); the two approaches were developed together with the intention of seamless fit between them.