PRINCE 2 - PRojects IN Controlled Environments - is a process-based approach for project management providing an easily tailored and scaleable method for the management of all types of projects. The method is the de-facto standard for project management in the UK and is practiced worldwide.

PRINCE2 covers how to organise, manage and control a project. It is aimed at enabling the project team to successfully deliver the right products, on time and within budget. The principles of PRINCE2 and the associated training can be applied to any type of project.

PRINCE2 is based on seven principles and offers approaches to deliver these principles, as outlined in 7 themes, with supporting components or logs.

Principle Theme (T), Component (C) or Log (L)
Business justification Business Case (T, C)
Learning lessons Lessons Learned Log (L)
Roles and responsibilities Organisation (T, C)
Managing by stages Controls (C); Plans (T,C)
Managing by exception Risks (T,C,L), (Change Control (C))
Product Focused Quality (T) in Project Environment (C); Configuration Management (C)
Tailored Progress (T); Change Control (C)

The approaches flow through the underpinning processes of:

Sources: PRINCE2 Overview APM Group Site

PRINCE2 does not cover all aspects of project management. Areas such as leadership and people management skills, detailed coverage of project management tools and techniques are well covered by other existing and proven methods and are therefore excluded from PRINCE2.


Template

The clarification for the fields in the template is given in the Interaction template (Actant Dictionary).

Name Project Management
Domain
Target Outcome Outcome specified in the project vision.
Social actors and roles Project Manager,…
Trigger or preceding interaction
Interfaces and services Logs, Configuration Management,..
Inputs and outputs I: Project Mandate
Stores and tools Business Case, Controls, Plans,..
Other characteristics
Part of Programme Management (optional)
Parts Starting up a project (SU), Directing a project (DP), Initiating a project (IP), Controlling a stage (CS), Managing stage boundaries (SB), Closing a project (CP).
Succeeding Interactions
Alternatives Other project management approaches.
Action Realm Focus is on Change, yet also Operations Monitoring & Evaluation
Risks
Further reading Prince2

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Position of Project Management among the interactions: