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The PRINCE2 Methodology

PRINCE2 is a project management methodology consisting of various processes and controls that you can apply through the lifecycle of a project. You can use PRINCE2 to identify the roles involved in a project and the tasks to assign to the roles and when. The set of processes and controls used by the PRINCE2 methodology help you structure your project and identify the information needed throughout the project lifecycle.

The PRINCE2 methodology also helps you divide the project into manageable stages, allowing you to plan ahead more realistically, and call on your resources at the time they are most required. The PRINCE2 methodology helps you achieve these goals:

• A valid business case for your project that is thoroughly reviewed.
• A defined organization structure for the project management team.
• The involvement of management and stakeholders at the right time during the project lifecycle.
• A controlled and organized project structure with regular reviews of progress against original plan and the business case.
• The flexibility to apply the controls and processes at a level appropriate to the project. PRINCE2 can be applied to any project.
• A common language for all participants in the project. The various roles and responsibilities involved in a project are fully described and are adaptable to suit the complexity of the project and skills of the organization.