article thumbnail

PRINCE2: The Project Management Method Explained

Rebel’s Guide to PM

What is PRINCE2®? PRINCE2® is a project management method. PRINCE2® stands for Projects IN a Controlled Environment (Version 2). Who is PRINCE2® for? PRINCE2® works in a huge number of industries and domains. It’s a predictive methodology, although PRINCE2 Agile ® allows for agile frameworks.

Prince2 358
article thumbnail

How to manage project tolerances (with PRINCE2® 7 guide)

Rebel’s Guide to PM

The 7 tolerances in PRINCE2® The two most frequently used tolerances are budget and time, although PRINCE2® offers you a choice of seven tolerances: time, cost, scope, risk, quality, sustainability and benefits. For example, let’s say the financial value of all the project risks should not exceed 5% of the project budget.

Prince2 331
Insiders

Sign Up for our Newsletter

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

article thumbnail

Episode 185 – Redefining Project Success through Sustainable Project Management

Velociteach

Projects are instrumental in defining an organization’s vision for a more sustainable future. Dr. Joel Carboni talks about Sustainable Project Management, and the goal to achieve a stated objective while considering the project outcome’s entire lifecycle to ensure a net positive environmental, social, and economic impact.

article thumbnail

Top 10 Project Management Methodologies – An Overview

ProjectManager.com

The waterfall method makes use of Gantt charts for planning and scheduling; an example is below. For example, the project management process groups describe the project life cycle while the 10 project management knowledge areas explain how to manage a project. PRINCE2 came about in 1996 as a more general project management method.

article thumbnail

Top 10 Books on Change Management (2023 edition)

Rebel’s Guide to PM

The topics covered include sustaining change, change readiness, and there’s a section specifically on change in a project management setting. There are so many wonderful examples in it, and I sat reading in the Waitrose cafe with avocado on toast not noticing the time passing. This book is a good starting point.

article thumbnail

Summary and review PMO Principles and PMO Services Principles Second Edition and Organizational, Portfolio, Program, and Project Principles

Henny Portman

It begins with an in-depth exploration of the fundamental PMO principles, enriched with descriptions, insights, and illustrative examples. The PMO principles Principles are elucidated with definitions, tips, and examples provided. Leads by example. Sustainability. The book unfolds across three primary sections.

PMO 59
article thumbnail

Scrum Master vs Project Manager — An overview of the differences.

Scrum.org

Some examples of what a Scrum Master should do include: A Scrum Master might be teaching people about Agility and the Scrum Framework. The Project Manager usually (preferred by PRINCE2) comes from the customer. For example for motivating teams, convincing people about the project approach, leading people in the project process, etc.

SCRUM 208