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? In brief, how does PRINCE2 work?

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. Most people think of risk as pure risk, as a possibility of loss.

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Introducing the PRINCE2 Principles

Project Health Check

PRINCE2 is a popular UK Project Management methodology, that continues to gain traction in other locations around the world. Now managed by Axelos, it is part of a comprehensive and integrated best practice suite along side other methodologies such as Management of Risk (M_o_R) and Managing Successful Programmes (MSP). Then there is the PRINCE2 "Processes", equivalent to the PMBOK "Process Groups" - essentially the flow of phases throughout the Project Life cycle.

PMI-RMP® Certification

Techno-PM

Overview: The Project Management Institute's Registered Risk Manager Program (PMI-RMP®) is a risk management certification for project managers. What will you learn in PMI-RMP® Certification? Who Should Apply to PMI-RMP Certification?

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PRINCE2: An Introduction to the Project Management Methodology

ProjectManager.com

Project managers who aren’t based in the United Kingdom might not be intimate with the PRINCE2 method of managing a project, which is primarily used by the British government. Although foreign to some, there’s still much to be gained from the PRINCE2 method, even if it isn’t adopted in its entirety. What Is PRINCE2? PRINCE2 is an acronym for Projects IN Controlled Environments. History of PRINCE2. The PRINCE2 Methodology. PRINCE2 Roles.

The PMI Talent Triangle: A Guide [for members and non-members]

Online PM Courses

The PMI Talent Triangle is a simple tool that reminds us all about the value of a broad range of professional skills. The most succinct – and possibly best known – articulation of that full range of capabilities is the PMI’s Project Management Talent Triangle. Just a Moment… Who or What is the PMI? If you don’t know who or what the Project Management Institute (PMI) is, take a look at this video before reading on. Risk management.

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Challenging Change

The Lazy Project Manager

The following is a guest article from my friends at Tailwind Project Solutions: In his new book – How to get Fired at the C-Level: Why mismanaging change is the biggest risk of all – Peter Taylor challenges the foundations of organisational change, asking if the c-level executives out there are truly ready for change to be successful in their own businesses?

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Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Risk issues that can be identified early in the program, which will potentially impact the program later, termed Known Unknowns and can be alleviated with good risk management. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003. Risk Management is Project Management for Adults - Tim Lister. Risk Management Papers. “A Risk a Feelings,” George F.

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A Compendium of Risk Management Resources

Herding Cats

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects. Risk Management is essential for development and production programs. Effective Risk Management 2nd Edition, Edmund Conrow, AIAA, 2003. Risk a Feelings,” George F. Hammonds, Risk Analysis 14.5

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Why the Stage Gate Process will Make You a Better Project Manager

Online PM Courses

Gateway (PRINCE2). The risks and benefits associated with moving to the next stage. The Project Management Institute’s (PMI’s) PMBOK 6th Edition: Phase Gate : A review at the end of a phase in which a decision is made to continue to the next phase, to continue with modificatin, or to end a project or program. ’ PRINCE2 and the UK Government refer to Gate 0 – Strategic Assessment. PRINCE2 and the UK Government refer to Gate 2 – Delivery Strategy.

2018 66

How to Start a Career in Project Management: Answers to FAQ

Epicflow Blog

According to PMI’s Job Growth and Talent Gap in Project Management 2017-2027 , organizations’ need for project talent has significantly increased since their previous investigation in 2008. PMI Agile Certified Practitioner (PMI-ACP) (costs from $435 for members and $495 for non-members); .

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What are the Best Project Management Books?

Online PM Courses

Risk Happens! Managing Risk and Avoiding Failure in Business Projects. This is another of my own books, but I firmly believe it is the best introductory level project risk management book out there. Effective Risk Management: Some Keys to Success. But it is well written and, if you are a serious PM who needs to manage risk rigorously on major projects, it’s the book for you. Identifying and Managing Project Risk. and Effective Risk Management.

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Product Manager vs Project Manager – What’s the Difference?

ProjectManager.com

For example, many project managers are accustomed to working within the PMI guidelines for best project management practices. Create project management documents such as a project budget, project schedule , resource management plan and a risk management plan.

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Do you need a project management degree?

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. Kickoff from PMI.

2022 266

Project Manager Job Description (with free copy+paste examples!)

ProjectManager.com

There are two major certifying bodies, PRINCE2 and the Project Management Institute (PMI). Risk Management. Then there are risks, which are potential problems, ones that have yet to occur or might not ever. Risk management. Manage risk tracking process.

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Top 5 Project Management Certifications To Become A Great Project Manager!

The Lazy Project Manager

PRINCE2. PMI-ACP. The employers will depend on the project manager to manage the budget, track costs and expenditure, ensure there is no scope creep and to identify potential risk factors that could impact the project and minimize such risk to protect the investment of a project. PRINCE2. The PRINCE2 certification course is another important project management credential project managers can take. About the PRINCE2 Certification exam structure.

2018 94

Scope Management Plan: Everything You Need to Know

Online PM Courses

This is a schematic version of how the PMI represents it in the 6th Edition of its Project Management Body of Knowledge (PMBoK). A note for PRINCE2 Practitioners. The highlighting of work is mine, not PMI’s. Again, my highlights, not PMI’s. If you get it right, it will reduce risk of scope changes during your project. Risk identification. I’ve often said that scoping is the hardest part of Project Management.

2018 80

Project Cost Management – The Essential Things to Know and Do

Online PM Courses

The Project Management Institute’s (PMI’s) Project management Body of Knowledge (the PMBoK) has Project Cost Management as one of its ten Knowledge Areas (or KAs). Significant risks (like weather, events, political). The PMI’s PMBOK is weak on governance throughout. But, as always, the UK Government’s PRINCE2 methodology has governance as a key strength, and points us in the right direction. But this approach is fraught with risks.

The State of Ethics in Project Management – Your Reputation in 2020

Project Management Five

My focus on this publication spans four major certifying bodies, PMI, APM, PRINCE2, and never to be left out, AIPM (everyone loves Australia!). And if you’re really into reading, I’ve left what I consider the critical statements from each of the governing bodies at the bottom (less that of PRINCE2. Project Management Institute (PMI): “Ethics is about making the best possible decisions concerning people, resources and the environment.

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How to Become a Project Manager and Succeed in the Business World

ProProfs Project Management

PRINCE2 (Projects In Controlled Environments). Risk Mitigation. The Project Management Institute (PMI) offers this certification. It can boost one’s career significantly and ensure 23% higher salaries than an uncertified person, according to the PMI. Risk Mitigation .

2020 83

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. If you are a PMI member, you’ll get access to the resources marked Premium as well, so that’s an added bonus. PRINCE2 Templates from Axelos.

2019 272

An update to the update on Google’s Project Management Certificate

Project Management Five

It’s an oft searched term here on PMfive, and for a good reason, it’s been touted as a possible competitor to the more expensive certifications from the likes of PMI, APM, and even PRINCE2.

Kick Start Your Project Management Career with APM’s PFQ

Arras People

Normally people want to jump straight onto PRINCE2 but I often think that’s a bit like learning to cook by using a recipe card rather than taking a cookery course in some of the basics first. It’s the “how project schedules work” and the “why do risk management” It’s the basic technical knowledge you need before progressing onto things like methodologies (PRINCE2 being one of those) or pulling together a project plan for a real project.

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Review Agile Portfolio Management

Henny Portman

Based on PMI’s Standard for Portfolio Management several financial models like PV, NPV, FV, ROI, IRR, PP, DCF, BCF, PI are explained as well as the continuous stages as initiation, planning, execution, optimization and monitoring and control.

2022 82

Become a PM Pro With These Project Management Courses

Workamajig

Managing project risks and changes. The list of actual certifications covered includes PMP, PRINCE-2, PMI-ACP, ITSM, CCNA, among others. PMI - Project Management Basics. This paid course is PMI’s official introduction to project management for non-managers. Most of you reading this might be familiar with PMI and PMP certification. This is an entry-level project management certification offered by PMI. PMI Agile Certified Practitioner (PMI-ACP).

2019 69

What Do Companies like Apple, Amazon and Google Look for in Project Managers?

Epicflow Blog

Your main objectives are to develop and maintain project plans, identify resource needs, manage project schedules, figure out trade-offs and provide a risk assessment to management. You’ll learn how to identify and estimate risks and manage them.

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Project Management Trends [2022]

Rebel’s Guide to PM

Reimagine the must-have project management skills,” says Brantlee Underhill, Managing Director, North America, Project Management Institute (PMI). PMOs will be reporting centers and support the teams in addressing major issues or risks that the teams escalate.”.

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Resource Management in Projects: The Ultimate Guide

Rebel’s Guide to PM

You might want to take this even further and document exactly how you are going to estimate how much time resources will be required for, how you are going to ‘win’ scarce resources, and what risks you might face around securing the resources. What Does PRINCE2 Say About Resource Management? PRINCE2 doesn’t say a lot about resource management. Projects are done by people.

2019 248

How to Become a Project Manager in 2022: 3 Ways to Get A Job (with examples)

Rebel’s Guide to PM

There are a number of project management certification schemes run by professional bodies like PMI and APM. I completed the PRINCE2® qualification soon after I started my IT role. This article first appeared at Rebel's Guide to Project Management.

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Transforming to an Agile Enterprise

International Institute for Learning

They encourage their teams to take risks and make it safe to fail sometimes. They will willingly share information about potential risk factors. About the Author Sandeep Shouche (PMP, PgMP, PMI-ACP, CSM, CSP, [ASM.EN], ITIL Expert, PRINCE2) is an expert in the areas of project, program management, Agile methodologies and IT Service Management. By Sandeep Shouche Most executives will hear the Agile buzzword and ask their teams to “do this agile thing.”.

2019 70

Top 20 Project Management Methodologies & their Scions: Which One You Should Choose & Why?

Taskque

PRINCE2. PMI PMBOK. It overcame many shortcomings of waterfall model such as process rigidity and higher risk and delivered a much better solution. PRINCE2. PRINCE2 is a structured project methodology which can adapt to fulfill different project requirements irrespective of the type and scale of the project. There are certain principles, themes and processes you will have to follow when implementing PRINCE2 project management methodology. PMI PMBOK.

2019 81

Top 20 Project Management Methodologies & their Scions: Which One You Should Choose & Why?

Taskque

PRINCE2. PMI PMBOK. It overcame many shortcomings of waterfall model such as process rigidity and higher risk and delivered a much better solution. PRINCE2. PRINCE2 is a structured project methodology which can adapt to fulfill different project requirements irrespective of the type and scale of the project. There are certain principles, themes and processes you will have to follow when implementing PRINCE2 project management methodology. PMI PMBOK.

2019 79

How to Manage Fixed Date Projects

Rebel’s Guide to PM

LeRoy Ward, PMP , PgMP, and PMI Eric Jenett Project Management Excellence Award winner, when I asked him for his view. The risk with doing tasks in parallel is that you could end up having to do rework and there’s a cost associated with that. What is a fixed date project?

2020 363

12 Ways to Create A Positive Work Culture

Rebel’s Guide to PM

I have spoken about this with many PMI members, my project team members, business owners and other project managers. This is especially helpful while running risk sessions, creating work breakdown structures, and brainstorming project schedules. Anna Erdmanska, PMP.

2020 299

100+ Project Management Statistics & Facts To Remember in 2019

ProProfs Project Management

Source: PMI ) Tweet this. Source: PMI ) Tweet this. Source: PMI ) Tweet this. Source: PMI ) Tweet this. Source: PMI ) Tweet this. Source: PMI ) Tweet this. Source: PMI ) Tweet this. 87% of high-performing managers believe that mature delivery capabilities can minimize risks, control costs, and increase value. Source: PMI ) Tweet this. Source: PMI ) Tweet this. Source: PMI ) Tweet this. Source: PMI ) Tweet this.

2019 85

How To Become A Project Manager: The Ultimate Guide

Project Bliss

A lot of work goes into planning the project to ensure risks are accounted for and the project can be executed smoothly and successfully. Managing risks. Project managers need to help the team identify potential risks before they happen. Issued by PMI. PRINCE2.

2020 156

Roles Clarity in the Product Management

Agilemania

Project Manager as a role comes from PMI and PRINCE2, wherein Product Owner is a role defined in Scrum (A foundational framework for Agile). The delivery of valuable increment deals with the scope, risk, release, and stakeholder management.

Review: A Guide to Assurance of Agile Delivery

Henny Portman

Like the other book I reviewed ( Agile Governance and Audit ), this book too focusses on temporary project organizations using an agile way of delivery (compare PRINCE2 Agile, AgilePM, DAD, PMI Agile where we have agile teams using e.g. Scrum) and not on organizations using e.g. SAFe, LeSS or Nexus. Risk management mechanisms are probably leaner than for traditional projects. An overview of specific risks for agile projects and how to cope with them is provided.

Becoming a Project Manager – A Complete Guide for 2018

Paymo App

Project management methodologies – Agile, Waterfall, PRINCE2, PRiSM, Six Sigma, Critical Path, and many more. Tackling daily project management challenges also requires accountability, adaptability, analytical and strategic thinking, decisiveness, a stress-resistant personality, and even a bit of love for risk-taking. solid understanding of business cases and risk management processes. continuously follow up on the progress, risks, and opportunities of the project.

2018 87

How To Make Time for Professional Development

Rebel’s Guide to PM

Below are some options for finding time to fit training into your working week, including how to collect those Professional Development Units project managers need to maintain your PMI credentials. There is a risk that you – for example – attend an online presentation on the subject of something you already know lots about just for the sake of saying you’ve done some development this week. The best project managers invest time in professional development.

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