PRINCE2 is one of the world's main project management certifications. It was developed by the UK government, and continues to be administered by Axelos, a company that is still partially owned by the UK government. Certification is a requirement of bidding on some UK government projects. Hence, PRINCE2 is most prominent in the UK. But although 44% of … [Read more...]
PRINCE2 is one of the world's main project management methodologies. It was developed by the UK government and is administered by Axelos, a company partially owned by the UK government. Axelos administers the two PRINCE2 certifications: PRINCE2 Foundation and PRINCE2 Practitioner. The latter is the main certification, and the former is the more basic, … [Read more...]
PRINCE2's processes are structured activities that turns one or more inputs into outputs. They are the tasks required to direct, manage, and deliver a project successfully. There are 7 processes within the PRINCE2 methodology: Starting up a project Directing a project Initiating a project Controlling a stage Managing product delivery Managing a … [Read more...]
PRINCE2 Themes are functional categories, or knowledge areas, that a project must draw on at any time in its life cycle. Like a train that needs wheels, comfortable chairs, windows, and a driver - Each part works together to allow it to arrive at the destination in the maximum amount of comfort. The seven PRINCE2 Themes are: Business Case Organization … [Read more...]
PRINCE2's principles are guiding doctrines which must be followed by all projects. They are like a project constitution of sorts. All projects must abide by these philosophies. The seven principles are: Continued Business Justification Learn from Experience Defined Roles and Responsibilities Manage by Stages Manage by Exception Focus on … [Read more...]
There are three project management organizations that define the profession of project management: Project Management Institute (PMI) International Project Management Association (IPMA) Axelos Project Management Institute Based in the United States, the Project Management Institute is seen by some as the main official source for project management … [Read more...]
Everybody has heard of a project whose cost spiralled out of control. Even big megaprojects where the difference measures in the billions are not immune to cost pressures. In fact, they are even more likely to go over budget. What is the official project management methodology for controlling project costs? To answer this question, we consult the … [Read more...]
Studies show that over 85% of projects have a value below $100,000. These are projects where the bulk of the work happens within only a few weeks to a month. Because of their short duration, these types of projects have their own unique set of circumstances that warrant a slight adaptation of project management methodologies. Googling project management … [Read more...]
Have you thought about taking the PMP exam? Want to get your project management certification? What’s holding you back? Is it time? Is it money? Don’t know where to start? PMP Exam Prep: PMI Registered Education Provider The PMP designation is awarded to qualified individuals by the PMI (Project Management Institute). In order to become a certified project … [Read more...]
With most projects, success can ultimately be attributed to the project team. Using the right people for the job and managing them well can be one of the biggest skills of a project manager. You can't put a value on knowing your project team is going to get the job done right, on time, and under budget. The Project Management Body of Knowledge contains processes to … [Read more...]
