PRINCE 2 Project Management Methodology

The project committee makes major decisions on the project and approves the project manager. Project management at each stage needs to be monitored at each stage. Management by exception The project committee approves the project manager by setting tolerance on cost, time, quality, scope, risk, and revenue each time he wants to move to the next stage. Products that place importance on product production must comply with the scope of the project. Changing the product or scope must carefully consider the impact of project objectives.

"PRINCE" is a project management method applicable to projects in the managed environment (PRINCE). "PRINCE 2" is the second version of this method and is a registered trademark of the UK Government Office (OGC). PRINCE 2 is widely used by the UK Government and other British companies. In PRINCE 2, the life cycle of the project does not start with demand survey or feasibility study. According to the PRINCE 2 manual, "Most of the PRINCE 2 clause will be part of the product lifecycle implementation". Therefore, PRINCE 2 is more likely to be an implementation method than a project management method. PMBOK recognizes that it is necessary to evaluate the project and investigate feasibility before starting the project. More possibilities are project management methods

PRINCE 2 is a structured project management method released as a general project management method in 1996. This combines the original PROMPT approach (which evolved into the PRINCE approach) with IBM 's Management of the Entire Project (MITP) approach. PRINCE 2 provides a way to manage projects within a well-defined framework. In PRINCE 2, we will explain procedures for coordinating activities with people in the project, how to design and supervise the project, and what to do if you need to adjust the project if the project does not proceed as planned.

In the 1990's there was some evidence that the project management method was used to procure and implement LMS. Lewis 70 explains how to purchase alternative LMS at the Northeast Wales Institute using the PRINCE (Management Environment Project) approach at the University of Bangor in Wales. PRINCE is a project management method used within government departments. Chambers and Perrow 71 are reporting a questionnaire that is part of a study on general project management methods in UK university libraries. Of the 80 university librarian who responded, 28% are using project management software - the most popular software is Microsoft Project.