CTEC2121 Organisations, Project Management: PRINCE2 Report

This report provides an overview of the PRINCE2 project management methodology, a process-based approach used to implement projects in a controlled environment. It discusses the purpose, characteristics, and suitable applications of PRINCE2, highlighting its use in managing risk, configuration, and quality within projects. The report also contrasts PRINCE2 with the Agile framework, exploring the strengths and weaknesses of each approach. PRINCE2 is presented as a method that divides projects into manageable units for effective monitoring and governance, offering greater control over resources and improved risk management capabilities. Real world application of PRINCE2 methodology in construction, banking, oil and gas and other sectors is also discussed.

Running head: COMPUTER SCIENCE
Computer Science
Name of the Student
Name of the University
Author Note

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Table of Contents
Introduction..........................................................................................................................2
1. PRINCE2 Project Management Methodology................................................................2
1.1. Purpose.....................................................................................................................2
1.2. PRINCE2 Characteristics.........................................................................................3
1.3. Suitable Application.................................................................................................4
2. Use of PRINCE2 in addressing key project management issues....................................4
2.1. PRINCE2 in Risk management................................................................................4
2.2. PRINCE2 in configuration Management..................................................................5
2.3. PRINCE2 in Quality Management...........................................................................5
3. PRINCE2 Vs Agile..........................................................................................................5
Conclusion...........................................................................................................................6
References............................................................................................................................7

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Introduction
PRINCE2 is a process based project management methodology that is used to implement
a project in a controlled environment. In PRINCE2, the project is divided into a number of
controllable units so that monitoring and project governance is done in a proper way. Since In
PRINCE2, project is implemented in a controlled environment; it provides a greater control of
the resources and the ability to manage the project risk more effectively (Ghosh et al. 2012). The
report discusses the key project management issue including, risk, configuration management,
quality and the plans. The report further compares the approaches of PRINCE2 with the agile
framework in order to identify the potential strength and weakness of the system.
1. PRINCE2 Project Management Methodology
PRINCE2 can be termed as a systemic method of implementing a project by dividing the
entire project in certain manageable units. The purpose, characteristics and the application of
PRINCE2 project methodology is discussed in the following section.
1.1. Purpose
The purpose of Project In a Controlled Environment or PRINCE2 helps in directing the
project process so that the project can be executed in a controlled environment. The purpose of
PRINCE2 are discussed below (Kruger and Rudman 2013)-
1. The purpose of monitoring and directing a project process by diving in a small
manageable unit is to ensure that there is a proper authority to initiate manage and execute a
project.

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2. PRINCE2 is a widely used project management methodology that is extensively used
in UK government. It is a widely recognized project management approach in private sector. It is
a widely used approach as it minimizes the risk associated with the project implementation.
3. The main purpose of PRINCE2 is to provide a manageable environment for
implementation of the project. It offers the flexibility to bring certain manageable changes in the
project.
4. PRINCE2 provides a fairly detailed project monitoring and control process for
ensuring a smooth project execution.
1.2. PRINCE2 Characteristics
The characteristics of PRINCE2 project methodology are as follows (Karaman and Kurt
2015)-
1. PRINCE2 project methodology provides a common yet consistent approach of project
implementation.
2. With PRINCE2, a project generally has a controlled and organized starting, execution
and the end point.
3. PRINCE2 project methodology ensures regular project review on basis of the project
plan that is made at the beginning of the project.
4. With PRINCE2, project can be implemented in a defined lifecycle.
5. Provides defined and measurable business products

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6. PRINCE2 project implementation method follows a defined set of activities in order
to produce successful business products.
7. In PRINCE2, project is implemented with a specified amount of resources in a
scheduled time.
8. The PRINCE2 project methodology is based on the best practises of project
management and is therefore widely implemented.
1.3. Suitable Application
PRINCE2 can be applied in the projects that have lesser chances of facing a scope creep.
PRINCE2 helps in tailoring the project environment according to the complexity and the
schedule of the project and therefore it can be implemented for complex projects as well.
PRINCE2 is widely used in public sectors, Oil and Gas industry, construction industry
and in IT industry as well (Vaníčková 2017). Therefore, it can be rightly said that PRINCE2 can
be implemented in almost all types of project they possesses clear scope.
Furthermore, PRINCE2 project methodology finds its usage in the banking industry,
engineering industry and is operation management as well. This is the reason why PRINCE2
project methodology is known for its wide adaptation across the world.
2. Use of PRINCE2 in addressing key project management issues
2.1. PRINCE2 in Risk management
Risk management is an important part of the PRINCE2 project implementation. In
PRINCE2, the risk management process is implemented at the beginning of the project. These

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steps includes, risk identification, planning and risk mitigation. PRINCE2 considers risk
management as an important step of project implementation (Saad et al. 2015). Since the risk
management process is generally implemented at the beginning of the project, PRINCE2 ensures
that the risks associated with the project are minimized during project execution.
2.2. PRINCE2 in configuration Management
Configuration management is an important aspect of PRINCE2 project and is a vital
process in successful implementation of a project. Configuration management should be an
integral part of an organization as it helps in management of the operational life, changes
upgrades and the maintenance of the product that is developed (Pollack and Algeo 2014). There
are mainly two types of configuration management, out of which PRINCE2 mainly focus on
implementation of the project with the according to the scope of a particular project. In
PRINCE2 configuration management is implemented in a planned approach as well.
2.3. PRINCE2 in Quality Management
Quality Management can be defined as the strategy that is used to define the quality,
standards and the techniques that can be used in different project management approaches
(Sanjuan and Froese 2013). In PRINCE2 proper quality checks are ensured as a part of the
project management plan and the project manager is responsible for managing the quality of the
project.
3. PRINCE2 Vs Agile
The differences between PRINCE2 and Agile project methodology are discussed below
(Abrahamsson et al. 2017)-

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1. PRINCE2 is a predictive process based approach while agile is an adaptive approach.
2. PRINCE2 does not focuses on the organization of team, while in agile, the self
organization and independence of team members is a primary consideration.
3. Change in the project scope is not permitted in PRINCE2 while in scrum the project
processes can be modified while implementing the project.
4. PRINCE2 is a project management method while that of agile is mainly a project
development method.
Conclusion
Therefore, from the above discussion, it can be concluded that PRINCE2 offers a
controlled environment in successful project implementation. The report gives an overview of
the use of PRINCE2 is different sectors including, construction, banking, oil and gas and so on.
The report further discusses the characteristics and purposes of using PRINCE2 in project
management. PRINCE2 project methodology is very different from the other recognized project
management framework. The report provides a distinction between the PRINCE2 project
methodology and agile.

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References
Abrahamsson, P., Salo, O., Ronkainen, J. and Warsta, J., 2017. Agile software development
methods: Review and analysis. arXiv preprint arXiv:1709.08439.
Ghosh, S., Forrest, D., DiNetta, T., Wolfe, B. and Lambert, D.C., 2012. Enhance PMBOK® by
comparing it with P2M, ICB, PRINCE2, APM and Scrum project management standards. PM
World Today, 14(1), pp.1-77.
Karaman, E., and Kurt, M. 2015. Comparison of project management methodologies: prince 2
versus PMBOK for it projects. Int. Journal of Applied Sciences and Engineering Research, 4(5),
657-664.
Kruger, W., and Rudman, R. 2013. Strategic alignment of application software packages and
business processes using PRINCE2. The International Business & Economics Research Journal
(Online), 12(10), 1239.
Pollack, J. and Algeo, C., 2014. The contribution of project and change managers to different
project activities. Project Management Institute.
Saad, S., Ibrahim, A., Asma, O., Khan, M.S. and Qadir, A.A., PRINCE2 Methodology: An
Innovative Technique of Project Management growing progressively across the globe. URL:
http://cgr. umt. edu. pk/icobm2013/papers/Papers/IC3-Jan-2013-049. pdf (18.09. 2015).
Sanjuan, A.G. and Froese, T., 2013. The Application of project management standards and
success factors to the development of a project management assessment tool. Procedia-Social
and Behavioral Sciences, 74, pp.91-100.

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Vaníčková, R., 2017. Application of PRINCE2 Project Management Methodology. Studia
Commercialia Bratislavensia, 10(38), pp.227-238.