The fundamental difference between PRINCE2 and PMP is their techniques and approach. Are you thinking of moving jobs or careers soon? This makes it somewhat intimidating, but it still has some advantages: – It has reached version two, which means it is tried and tested and is internally consistent. To better understand the answer lets first see some history. This log is to make sure that there are no gaps between expectations and deliverables. 4 min read. It takes the best bits from many different methodologies). Pros and cons PRINCE2 is a heavy-duty system and is used to run large projects. You earn the Practitioner level by passing a second, longer exam. I do think there are some useful elements in the methodology. As a result, it can instantly add value to your CV. – It is readily available. This helps the team to stay focused towards a clear goal and allows them to work towards a clear benefit and incentive. Let me know in the comments below. This is essentially the role of the project manager and his/her team of employees.Managing and tracking the progress of a project is no easy task. This is particularly those in … It is referenced on a regular basis to ensure that the project is delivering business value. It’s the project manager’s decision whether or not to go with any particular approach and that decision can be best made after evaluating the project’s requirements, the available resources, and the project team’s ability to adhere to the methodology. The principles and themes that PRINCE2 promotes and uses are sound and relevant for project managers. Moreover, each phase has its own strategies and processes and is heavily documented. For better communication and accountability in your projects, then PRINCE2 project management is among the best for you. Your privacy is safe. How to get PRINCE2 certified. Your email address will not be published. They both have pros and cons. 2. There is a lot of demand for project managers at present but employers are often looking for people with experience or bringing in people from the rest of the organisation. The board of directors over any project doesn’t have enough time to delegate project tasks daily. 7. It is a hard methodology to adopt (according to many adopters). When I dig deeper, I realize that they have taken intensive courses in which they were bombarded with information for a few days, followed by an exam. I hope that helps. As with Six Sigma and PRiSM, PRINCE2 requires accreditation through exams. 2. The PMP designation, on the other hand, requires 5 years of prior project management experience and 35 hours of courses. This also gives a clear performance metric for all team members. The entire framework is so flexible that it can be incorporated in just. Teams must ensure that there is no gap between the project deliverables and the project requirements. Both certifications have pros and cons and both the credentials play an active role in the recruitment process of organizations. In fact, I recently kicked off a conversation on LinkedIn. Deliver real changes that result in real benefits for the business, it’s shareholder and it’s customers. PRINCE2 is a contraction of PRojects IN Controlled Environments (version 2) and it was originally developed for the IT industry. PRINCE2 offers an organisation many benefits. 1. If you do plan on applying for new jobs through recruiters, particularly if you’re based in the UK, then PRINCE2 is probably worth it. A great comment noted one of the challenges with the extensive terminology used: “The biggest problem is that following any one methodology requires everyone to fully understand it.”. Let’s look at the themes that preset at the start of the project and adhere during the course of the project: This helps to decide whether the project at hand is deliverable, viable, and worthwhile. 1. Cons: Like the waterfall method, PRINCE2 is a very rigid and and highly controlled methodology. As a project manager, the bulk of your focus goes into choosing the right project management methodology for your team. Agile is purely iterative – Prince2 is a predictive form of planning and managing projects and the two could not be more different (e.g. Both certifications have pros and cons and both the credentials play an active role in the recruitment process of organizations. You can simply read the book and write the exam – online, if you like. Different parameters such as benefits, cost, and quality are considered under this theme. 1. Required fields are marked *, OB&CO LTD TRADING AS PROJECT MANAGER SUCCESS | COPYRIGHT 2020 | BUILT WITH CARE BY NOËLLE STEEGS, Get the latest expert advice, articles and insider tips straight to your inbox. Understand the challenges that the business faces. That their flexible method can be adapted to any business or person who is managing projects. Essentially all project management methodologies promote the same principles that PRINCE2 proposes. The project manager tracks the performance and issues of each stage. This could be very useful for you. Written by the manager himself, it contains the daily report on performance and outcomes. 1. Like all other methodologies used in managing projects, PRINCE2 methodology carries some fundamental principles which form the backbone of all projects carried out through PRINCE2. Read on to find out the pros and cons of PRINCE2. They manage this situation by assigning the baseline requirements of projects. Its extensive documentation can be helpful in various aspects, including: Performance appraisals; Risk mitigation; Corporate planning; Cons. Thanks for your comment. It is possible to do Agile and include some aspects of Prince2 (such as the risk log). So, if you were to ask Axelos “is PRINCE2 worth it”, (among their biased view) they’d mention: For me, that final point is most important. . You’ll also need to study a 425 page manual which explains the various terminology and processes. What are the pros and cons of the PRINCE2 methodology? Oliver blends classic project management techniques (including PRINCE2, PMBOK and Lean Six Sigma) with a dose of pragmatism and business reality to ensure retail projects are led, managed and delivered successfully. 4. Congratulations on getting your PRINCE2 Practitioner done. And was quite popular in some markets. Employers find this useful during economic downturns, when sponsors are less willing and able to start new, ambitious projects. PRINCE2 (Projects in Controlled Environments) project management focuses on organization and structure through the project's life span. So, summing up the pros and cons: PRINCE2. The PRINCE2 project management gives a series of processes in a sequence through which each project has to go to achieve maximum efficiency. External Inspiration Will Help Retail Operation Innovation, Amazon: How they manage successful change projects. This makes large projects easy to manage, ensuring quality of services and timely delivery. The project board makes a final evaluation and either approve the product or request revisions. However, there is a lot to learn to get ready for the exam. 2. In this article, we make a PRINCE2 and PMP Comparison. Agile uses daily face-to-face communication around issues, decision-makers from the business working with the development team on a daily basis and minimum of process and paperwork. READ MORE on www.projectengineer.net Buying a Franchise Business – The Pros and Cons Aug 19, 2011. Pros and cons of the PRINCE2 methodology. You can simply read the book and write the exam – online, if you like. Cons Rigidity in planning process due to holistic approach limiting the creativity and innovation of team members PRINCE2 PRINCE2 (an acronym for Projects In Controlled Environments) is a process-based method for effective project management. This theme guides the project managers to clearly delegate and keep track of the roles and responsibilities of teams and individuals. The pros and cons of PRINCE2 tend to be similar with the PMBOK as both are predictive methodologies. He is an expert at delivering retail change projects and programmes. The PRINCE2 approach provides a project-by-stage methodology, guiding the project manager and project teams from inception to delivery in a controlled process and with a defined lifecycle. Some of the types of documents in PRINCE2 project management methodology include: Explains the need for the project and what benefits it can bring to the company and the user. Some of the interesting comments included: “I’m PRINCE2 qualified but choose not to follow it because I find the methodology impractical, cumbersome and inflexible. Hi. The 5 day classroom training costs around £2,000 to £2,200. The PRINCE2 approach provides a project-by-stage methodology, guiding the project manager and project teams from inception to delivery in a controlled process and with a defined lifecycle. Employers find this useful during economic downturns, when sponsors are less willing and able to start new, ambitious projects. This makes large projects easy to manage, ensuring quality of services and timely delivery. Teams may take time to adapt to changes; Cumbersome processes, implementation can be complex in some cases; Extensive documentation can be tiring ; 8. And also if I choose the second one is it worthing to attend only the Practitioner Schedules or I have to attend and the Foundation Schedules? The theory behind the methodology is good but not exclusive to PRINCE2. PRINCE2 would likely flounder in paperwork. PRINCE2 – pros and cons. Perfect Starter Qualification. Good luck in your relocation journey. I am looking to start a Project management course but I am confused about which one I should attend. 1.if you don’t like excessive documentation, then PRINCE2 isn’t for you. That’s investing both time and money. Every proje… The pros and cons of agile project management show that this relatively new development system can produce great results. PRINCE2 is a commonly sought after project management certification in the UK. PRINCE2 also emphasises continued business justification and risk management. Read on to find out the pros and cons of PRINCE2. Managing by exception. PRINCE2 also emphasises continued business justification and risk management. The PRINCE2 methodology standardises every aspect of the project to ensure that there is no chance of miscommunication or misdirection. Because PRINCE2 is a qualification backed by the UK government and honed over two decades, it’s seen as a safe option. With PRINCE2… Check out the best project management tools to try out as an excel alternative to project management. Agile is about flexibility, Prince2 is about ‘control’. volume and maximum number of users and is only available on an annual At the closing of each stage, the manager and the board will review the outcomes of that stage to ensure that the project is on the right track. You need to pass an exam to achieve Foundation level. You need to pass an exam to achieve Foundation level. PRINCE2 isn’t being used. A risk log is drafted in which the potential risks are identified and categorized. Social Media Surveys: Are They Useful for Project Managers? In turn, this will allow you to quickly: So, are you looking to move jobs or are you on the lookout for delivering change? We treat your information like it was our own. Pros. Your client sees pros and cons too: Pros of a Fixed Price Contract . With PRINCE2, however, teams report to the project manager who in turn, before risks, problems, or changes occur is required to report to a compilation of users, customers, and suppliers for effective decision-making outcomes. It helps to deliver the best quality product by clearly defining what would constitute the best quality product or service being delivered. The PMP designation, on the other hand, requires 5 years of prior project management experience and 35 hours of courses. The disadvantages of PRINCE2 include the following: - It is not widely. If you’re finding it hard to find something, you could look at a project based role but not the PM – perhaps an analyst or co-ordinator role. Change can come in the form of both project requirements or implementation strategies. 3. Choosing and implementing the method is more than training staff. The lifecycle is complicated and the processes are admin heavy. Best practices PRINCE2 embodies best practices. (And that’s exactly how I’ve planned out my Retail Project Manager Success training course too. And that’s all there is to it. Some organizations rightly choose to minimize risk and so prefer to pay a premium to do so. Gives an overview of all projects. It might not be the best option in all circumstances, but it does have the potential to help create a project that meets all of the end-goals of your client very effectively. Hi Nikolaos, For better communication and accountability in your projects, then PRINCE2 project management is among the best for you. It also has certain drawbacks which must be addressed for success to happen. PRINCE2 is adaptable and can be tailored for all project types no matter what industry and marketplace you represent. PRINCE2 virtual training – PROs and CONs. Tailor to suit project environment. Project closing marks the closing of the outcomes, documentation, and reporting. If you feel, this may not be the right framework, here are other popular methodologies: Popular project management methodologies include. How to get PRINCE2 certified. This also helps to keep track of the direction in which the project is heading. PRINCE2 is significantly easier to get, because it requires no prior project management experience or courses. PRINCE2 virtual training has taken off like a rocket during the COVID-19 lockdown. In my book any methodology/framework that is not focussed and talking these phrases regularly is missing the 80% of success that's most important. PRINCE2 Project Methodology - Tutorialspoint. Accountability As a point, search the PMBOK and PRINCE2 documentation for the phrases "happy customer" and "Customer expectations" and see what you come up with. I personally believe if you’re wondering if PRINCE2 is worth it – then the answer is connected to your career plan. However, there is a lot to learn to get ready for the exam. Instead, you must blend elements with a more pragmatic set of tools to get the job done. Become successful at delivering change projects. Gives control of projects – they can’t be started or progress to next stages without sign off. PRINCE2 vs PMP – Which Project Management Certification is Best for You? 2. You earn the Practitioner level by passing a second, longer exam. There is a clear certification route for PRINCE2. I’m ready for the challenge and taking next steps in order to make this happen. transaction So, based on that LinkedIn conversation, people feel that there is little value in the methodology. Oliver. Advantages, Disadvantages. Advantages of the PRINCE2 Project Management method. Now, for full disclosure, I’m a certified PRINCE2 Practitioner. However, unless you work in an organisation that uses PRINCE2, you’re unlikely to actually use the PRINCE2 processes in full. The PRINCE2 certification might stop your application getting filtered out or blocked by recruiters. Experience in role won’t necessarily mean that you’re exam ready. With the PRINCE2 Methodology, the approach for different projects can be tailored according to the resources and time available. Prince2 stages are not iterative – they are intended to be primarily linear stages of definition and development in the same way you would have in a Waterfall model. This cuts the clutter and everyone is clear about what they’re responsible for and what is expected of them. You may also want to check out episode 67 of my podcast, the Retail Transformation Show, where I explore what it takes to be able to effectively and successfully manage projects. With the above points in mind, you can decide if PRINCE2 is the right fit for their projects and teams. You need a pragmatic set of tools and processes. There were lots of great comments coming in. Prince2 is very process driven. Project risks may come in the form of threats and opportunities where the former case is referred to as negative risks and the latter as positive risks. Cons . Advantages Disadvantages; 1. Nor is there any real detail in the PMBOK Planning process to take a plan through to a network plan and a Gantt or bar chart. And that’s all there is to it. PRINCE2 roles are very specific in design including the project management, users, customers, and suppliers. This can disturb the established baseline requirements, and then these issues must be dealt with by the board of directors themselves, in whatever manner they think is suitable. In this article we will discuss the pros and cons of APM, PMI and PRINCE2 for individuals and organisations wishing to develop competence in project management and how they can be combined into a common approach which delivers a holistic approach giving organisations who deliver project for clients a real competitive edge and a more effective approach to project management. From the common PRINCE2 language, a standardised filing process to standardised documentation, it guarantees that everyone involved in the project knows what to do and when it should be done. This theme helps to adapt. I’ve seen Practitioner as a requirement for certain jobs but can’t recall anyone ever looking for Foundation level only. Pros and cons PRINCE2 is a heavy-duty system and is used to run large projects. The project is subdivided into stages and teams are assigned for each stage. Used to list all the issues highlighted by team members. This helps in keeping the project on track and submitting information to the board for review and quality checks. PROS: The Business Case is the key driver and is routinely updated at the end of each process. Adhering to these principles ensures that PRINCE2’s best practice is incorporated efficiently. So, you need to invest in training. PRINCE2 – pros and cons PRINCE2 stands for Projects in a Controlled Environment and this is a project management program that shares more of the functional and financial authority with senior management, not just the project manager. There is a clear certification route for PRINCE2. Your email address will not be published. Plan the timelines and benefits that the project will deliver. The idea is that each change is agreed upon before work starts towards incorporating it. PRINCE2 - pros and cons PRINCE2 stands for Projects in a Controlled Environment and this is a project management program that shares more of the functional and financial authority with senior management, not just the project manager. Scrum Axelos have managed to create and maintain a widely recognised certification with stringent pass criteria. Virtual instructor-led training – VILT – had existed long before the virus struck. I think it really depends on what you’re wanting to achieve by doing a course. The entire framework is so flexible that it can be incorporated in just any type of project. One person suggested that PRINCE2 is too complicated: “PRINCE2 too complex and too detailed for some business , therefore a simplified tool is more appropriate!”. You need to pass an exam to achieve Foundation level. That’s one big project to manage in itself so I hope that you are putting everything you learnt into practice! There are 2 levels to certification: Foundation (beginner) and Practitioner (standard). Financial certainty, which makes planning easier and is good for governance. As an example, on one occasion I was working as a Scrum Master on a project that was also required to follow the Prince2 … At each stage of the project, teams should take note of the key lessons learned and make sure that they incorporate them at the later stages or even in future projects. The PRINCE2 project management methodology highly regards continuous learning for teams. Its success rate for IT projects soon led to the realisation that it could easily be tailored to suit other sectors and therefore, benefit those as well. At each stage of the project, the roles and responsibilities should be clearly defined for individuals and teams. PRINCE2 offers standard roles for its project management team, were PMBOK only covers the creation of a WBS, and does not compare to the PRINCE2 product-based Planning technique in terms of the latter’s Product Descriptions and Product Flow Diagram.