PRINCE2 Goes from Strength to Strength
Below is a MRR and PLR article in category Business -> subcategory Management.
PRINCE2 Continues to Rise: A Look at Its Success and Future
Summary:
Since its re-launch in 1996, PRINCE2 has established itself as the UK's go-to standard for project management. This article explores the reasons behind its success and hints at its future trajectory.
Keywords:
PRINCE2, project management, methodology, managers
Article Body:
Whether you love it or not, PRINCE2 is undoubtedly here to stay.
Since its 1996 re-launch, PRINCE2 has evolved into the UK's de facto standard for project management. Initially designed for IT project management, the second version expanded its reach beyond IT, catering to general project management needs.
While the UK remains the primary adopter, PRINCE2's influence is spreading globally. Initially developed by the UK Government for the public sector, it has now gained traction in the private sector and is expanding internationally, including in the Netherlands, Belgium, Germany, Spain, South Africa, Australia, India, and even the United States.
As organizations recognize the critical role of project management, it's no surprise that about 250 people in the UK take the PRINCE2 Foundation and Practitioner exams every day. This trend is partly because it's more efficient to adopt an existing methodology than to develop a new one, sidestepping significant time and financial investments. According to Project Manager Today magazine (August 2002), creating a project management methodology can cost between £100,000 and £250,000.
Fortunately for businesses, learning and getting certified in PRINCE2 has never been easier, thanks to numerous APM Group-accredited training providers. The best way to master PRINCE2 is by attending one of the many accredited public courses available across the UK.
The APM Group, an internationally recognized provider of PRINCE2 qualifications, has achieved recognition from the United Kingdom Accreditation Service (UKAS). This marks the first time a project management qualification scheme has received such recognition.
UKAS, the sole accreditation body acknowledged by the British Government, evaluates organizations offering certification, testing, inspection, and calibration services against international standards.
Currently, the APM Group has accredited 22 training organizations, guiding nearly 8,000 candidates through the PRINCE2 Practitioner exam. While UKAS accreditation is presently limited to the UK, plans are underway to introduce it to APM Group's activities in Australia and the Netherlands.
At Project Smart, we receive more inquiries about PRINCE2 than any other methodology. Generally, people hear positive feedback but wonder about potential drawbacks. While some view PRINCE2 as bureaucratic, this perception usually shifts once they discover how adaptable it is. Like any methodology, you should use what works for you and set aside the rest, without being overly rigid in following every guideline.
Recent research by Gartner Group indicates that project management will become one of the top five strategic issues managers will need to address in the next three years?"good news for PRINCE2.
Peter Krischel, President of Krischel Group, predicts that "PRINCE2 will ultimately become the web's centerpiece, connecting with all other project management methods and becoming the standard for ISO quality management in project environments."
One thing is certain: PRINCE2, whether you love it or not, is here to stay.
You can find the original non-AI version of this article here: PRINCE2 Goes from Strength to Strength.
You can browse and read all the articles for free. If you want to use them and get PLR and MRR rights, you need to buy the pack. Learn more about this pack of over 100 000 MRR and PLR articles.