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PRINCE2 Methodology for Project Management

   

Added on  2021-04-21

9 Pages2123 Words35 Views
Project Managementfor IT ProfessionalsPRINCE2 Methodology

PRINCE2 Methodology for Project Management Table of ContentsIntroduction...........................................................................................................................................2PRINCE2 Methodology........................................................................................................................2Issues Affecting Usefulness of Project Management Methodologies & Project Deliveries...................3Undefined Scope Statement & Goals.................................................................................................3Project Risks & Uncertainties............................................................................................................3Poor Communication.........................................................................................................................3Inadequate Stakeholder Engagement.................................................................................................4Inability to Control Cost-Efficiency..................................................................................................4Poor Planning & Decision-Making....................................................................................................5Resolution of Issues – Existing/Recommended PRINCE2 Features......................................................5Recommendation & Conclusion............................................................................................................6References.............................................................................................................................................71

PRINCE2 Methodology for Project Management IntroductionProject Management is a discipline that allows the project managers, administration, leaders,and resources to effectively carry out the project activities to achieve project success. Thereare different standards and methodologies defined to execute and implement projectmanagement in the business organizations, such as Projects in Controlled Environment(PRINCE2), Project Management Body of Knowledge (PMBoK), Agile ProjectManagement, etc. These standards are applied as per the project categories and requirementstaken up by the business firms. There are certain issues and problems that may come up in the implementation and utilizationof the project management standards that may make it difficult to gain the maximum benefitsout of the methodologies applied. PRINCE2 MethodologyOne of the most popular and widely used project management methodologies is Projects inControlled Environment (PRINCE2). Stages in PRINCE2There are seven stages involved in PRINCE2 as project start-up, initiating, directing,controlling, managing project delivery, and closing a stage. 2

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