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This article may be unbalanced towards certain viewpoints. This article may contain an excessive amount of intricate detail that may only interest a specific audience. This article relies too much on references to primary sources. PRINCE2 emphasises dividing projects into manageable and controllable stages. It is adopted in many countries worldwide, including the UK, western European countries, and Australia. PRINCE2 training is available in many languages. PRINCE2 was initially developed as a UK government standard for information systems projects.
There have been two major revisions of PRINCE2 since its launch in 1996: “PRINCE2:2009 Refresh” in 2009, and “PRINCE2 2017 Update” in 2017. The justification for the 2017 update was the evolutions in practical business practices and feedbacks from PRINCE2 practitioners in the actual project environment. Seven principles: Continued Business Justification, Learn From Experience, Defined Roles And Responsibilities, Manage By Stages, Manage By Exception, Focus On Products, Tailor To Suit The Project Environment. Seven themes: Business Case, Organisation, Quality, Plans, Risk, Change, Progress.
Closing A Project, which covers the formal decommissioning of the project, follow-on actions and evaluation of the benefits. The PRINCE2 manual contains 26 suggested templates for documentation associated with the project, which it terms management products and which are divided into baselines, records and reports. Benefits Review Plan: defines how and when a measurement of the project’s benefits, expected by the Senior User, can be made. Business Case: used to capture financial justification for the project. It is a PRINCE2 principle that a project must have continued business justification. As soon as a Business Case fails to make sense, change or stop that project.