Remove Definition Remove Governance Remove Prince2 Remove Risk
article thumbnail

PRINCE2 and PMBOK: How They Compare

Rebel’s Guide to PM

We were talking about PRINCE2®, what it means to get qualified and how it compares to the PMBOK Guide. She first took her PRINCE2 Practitioner exam in 2004. Elizabeth, what’s the story behind the PRINCE2 methodology? PRINCE2 stands for Projects IN Controlled Environments and is a widely used project management method.

Prince2 422
article thumbnail

The Confusion Over Risk

Project Risk Coach

Why are many project managers confused over risks? Why do some project managers include positive risks in risk management and others do not? Let's clarify what we mean by the term risk. Risk is a Choice Merriam-Webster defines risk as “the possibility of loss or injury: peril.” Peter Bernstein.

Risk 418
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Project management degrees: Do you need one and what you can do with it

Rebel’s Guide to PM

She wrote: I have been advised that you have to do a degree in a particular subject e.g. engineering, do project management training e.g. PMI®, PRINCE2® etc and work your way up in order to become a project manager. Government jobs typically pay better than working in education. Is this true? That varies depending on the industry.

article thumbnail

10 Places to Get Free Project Management Templates

Rebel’s Guide to PM

Only download templates from websites where you are confident in the source – don’t take any risks downloading files from sites that look and feel dodgy, to minimise the risk of accidentally downloading a virus Save a blank version of the template, then save another version with a file name related to your project. Project Bliss.

Prince2 345
article thumbnail

Myth: You Can't Do Projects With Scrum

Scrum.org

Before diving into this myth, it's helpful to have a working definition of what we mean by “project”. Neither definition fixes scope, budget, and deadline. As it turns out, both PRINCE2 and the PMI institute start from the assumption that projects represent complex work and that they are unpredictable and risky.

SCRUM 246
article thumbnail

PRINCE2: The Reigning Project Management Methodology

Wrike

Projects in Controlled Environments (more commonly known as PRINCE2) is the most widely practiced project management methodology worldwide, used by teams in over 150 countries. But what is PRINCE2 and why is it so popular? The fundamentals of PRINCE2. government to manage IT projects. The 7 principles of PRINCE2.

Prince2 60
article thumbnail

Unlocking ITIL4: Defining Value and Navigating Career Growth

The IIL Blog

A key change in ITIL 4 is the concept of service value system and understanding the definition what value means to a business. This approach benefits organisations, promoting operational excellence and bringing about improved proactive risk management and service resilience. In short, no. Continual improvement is the key.

Defining 167