What are the PRINCE2 Principles?

If you have been searching for project management courses, then you would have come across PRINCE2 Training. The management methodology has many benefits because it is based on 7 principles. Millions of people have passed a PRINCE2 certification but why?

The project management technique has been used in many businesses large and small, all over the world. PRINCE2 is used everywhere because the method has been designed to help projects to succeed in any working environment. The 7 principles of PRINCE2 help you understand how to manage a project from start to finish.

The first principle is Starting Up a project (SU). This is when the project team is appointed and the project brief has been developed. The higher end of management with them be asked to authorize the project to go ahead which leads to the next principle.

Initiating a Project (IP) focusses on the start-up process which involves the project brief. This document will help the team to be prepared for anything needed when the project begins. The files also show an overall plan for the project and the next stage of the project. A lot of planning is put in place at this stage while refining business cases and risks.

The next process is Directing a Project (DP).  This is the authorising stage of the project where the project board or CEO directs and dictates the project to the team.

When managing a project, it has been suggested by PRINCE2 that they should be broken down so that is can be controlled more easily. This principle is called Controlling a Stage (CS). This process includes authorising work packages, reviewing stage status, monitoring and controlling risks and much more.

During the next stage of the project, you will be covering the Managing Product Delivery Stage (MP).  Throughout this process you will be able to ensure that work on products are allocated to teams, making sure that team members and leaders understand what needs to be produced, measuring accurate progress information and delivering it to the project manager and many other skills.

Managing Stage Boundaries (SB) dictates what should be completed towards the end of the project. There is a lot of planning that takes place as you will learn how to plan a stage, update initial project plans, update project business cases, risk registers and finally produce the exception plan.

The final principle of the PRINCE2 Methodology is Closing a Project (CP). Closing a project covers all of the tasks needed to be done during the end of a project. This includes decommissioning a project so that resources can be freed up for other tasks. There would also be an evaluation and a benefits review plan so that the performance of the project can be measured.

If you would like to understand the 7 principles and other tools used within the PRINCE2 Certification, Training Deals provides this course nationwide. To find out more information, please contact us on info@trainingdeals.co.uk or call us on 0800 0353 257.