PRINCE2® stands for PRojects IN Controlled Environments version 2.
PRINCE2 is the most widespread Best Practice within Project Management globally. In Europe, the countries that has adopted PRINCE2 the most are United Kingdom, Denmark, the Netherlands and Poland.
PRINCE2 has been developed by the British Government in cooperation with leading international management consultancies, with the purpose of creating a common project management framework.
PRINCE2 is based on principles and processes, and is very scalable.
It adds value through its focus on the busines case, through managing expectations up front, clear roles and responsibilities as well as processes and templates.
PRINCE2 focuses on the management of all the phases that a project goes through, as well as managing the components that are within the individual phases.
Certification in PRINCE2 does not require proven project management experience.
PRINCE2 does not deal with subjects such as Leadership nor motivation.
PRINCE2 is relevant for you as a project manager if you:
need a toolbox to help you manage your projects
want to introduce a common project language in your organization
want to create a common project reference or execution framework
want over time to perform Portfolio Management
PRINCE2 is being used in both public and private sector, and for many companies, have a PRINCE2 certification is a mandatory requirement.