PRINCE2 Foundation Guide

Introduction

PRINCE2 stands for PRojets IN Controlled Environments

The "2" denotes the major revision of the method, which was first developed by the Central Computer & Telecommunications Agency (CCTA) in 1989.

=The 4 Elements of PRINCE2-

Principles

A set of 7 broad "best practices" or core values designed to ensure that the project is being managed properly under the PRINCE2 method. All 7 principles must be applied if the project is truly being managed according to PRINCE2.

Themes

A set of 7 specific areas of project management that are continuously and simultaneously monitored and updated throughout the project.

Processses

A series of 7 steps that are carried out in chronological order, starting with the beginning of the project and ending with its closure.

Tailoring to the Environment

Although PRINCE2 is applicable to any project, it must be tailored to fit a project's type and size.