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

Who does what in Project Initiation in PRINCE2®

Rebel’s Guide to PM

Initiating a project is where it all starts in PRINCE2®. The Initiating a Project process is designed to “establish solid foundations” according to the 2023 Managing Successful Projects official manual, also known as PRINCE2 7. Prepare the business case This step is where PRINCE2 7 deviates from other methods and approaches.

Prince2 339
Insiders

Sign Up for our Newsletter

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

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. Sustainability tolerance Sustainability tolerances are new for 2023 in PRINCE2 7.

Prince2 331
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 name is apt, as the waterfall methodology is a process in which the phases of the project flow downward. When implementing the agile methodology , project planning and work management are adaptive, evolutionary in development, seeking early delivery and are always open to change if that leads to process improvement.

article thumbnail

Artificial Intelligence And Transformation Team Implications

International Institute for Learning

Any decision to introduce AI into a transformation office context needs to consider what the use cases the AI is intended to achieve, what it is not to achieve and what processes and data sets are required for a viable solution. PRINCE2®, PRINCE2 Agile, MSP®, P3O®, MoP®, Managing Benefits, Change Management, AgileSHIFT, Certified Coach.

article thumbnail

Artificial Intelligence And Transformation Team Implications

International Institute for Learning

Any decision to introduce AI into a transformation office context needs to consider what the use cases the AI is intended to achieve, what it is not to achieve and what processes and data sets are required for a viable solution. PRINCE2®, PRINCE2 Agile, MSP®, P3O®, MoP®, Managing Benefits, Change Management, AgileSHIFT, Certified Coach.