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PRINCE2


PRINCE2® (Projects IN Controlled Environments) is a structured project management method, PRINCE2 and certification programme for practitioners in the methodology who are accredited, qualified through training. PRINCE2 emphases dividing projects into manageable and controllable stages.

It was initially developed as a UK government standard for information systems projects, and the current owner, AXELOS, is a joint venture by the Cabinet Office and Capita, with 49% and 51% stakes respectively.

PRINCE has been derived from an earlier method called PROMPT II (Project Resource Organisation Management Planning Techniques). In 1989 the Central Computer and Telecommunications Agency (CCTA) adopted a version of PROMPT II as a UK Government standard for information systems (IT) project management. They gave it the name 'PRINCE', which originally stood for "PROMPT II IN the CCTA Environment". PRINCE was renamed in a Civil service competition as an acronym for "PRojects IN Controlled Environments". However, it soon became regularly applied outside the purely IT environment, both in UK government and in the private sector around the world. PRINCE2 was released in 1996 as a generic project management method. PRINCE2 has become increasingly popular and is now a de facto standard for project management in many UK government departments and across the United Nations system. In the 2009 revision, the acronym was changed to mean 'PRojects IN a Controlled Environment'.

In July 2013, ownership of the rights to PRINCE2 was transferred from HM Cabinet Office to AXELOS Ltd, a joint venture between the Cabinet Office and Capita plc.

Since 2006, the method has been revised. It launched as "PRINCE2:2009 Refresh" in 2009. The name "PRINCE2" (instead of "PRINCE3" or similar) remains to indicate that the method remains faithful to its principles. Nevertheless, it is a fundamental revision of the method from 1996 to adapt it to the changed business environment, to make the method simpler and lighter, to address current weaknesses or misunderstandings, and to better integrate it with other AXELOS Global Best Practice methods (ITIL, P3O, P3M3, MSP, M_o_R etc.). PRINCE2 is part of a set of Best Practice products and is closely aligned with a sister product for the management of programmes


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