Prince2 has become very dominant in the project management field that there are tens of thousands who are fully qualified as Prince2 Practitioner. People who undertake Prince2 training courses are not limited to project managers but managers from the public and private sectors who want to gain confidence in managing projects successfully. Prince2 is recognized as an international product focused on project management methods for greater control over resources and how to manage project risks more effectively. When you have the confidence to become a leader you commit less mistakes and you learn from those you have made which will ultimately help in saving both money and efforts.
Why should Prince2 be implemented in an organization?
Prince2 is applicable to all projects of an organization whether small or big since the methods for management are flexible. Whatever has been learned from the course that does not apply to a specific project can be left out but most definitely Prince2 has to be used for every project because most of the methods can be applied to an organization. In an organization, when a project in on the planning stage, it has to be justified and there must be logical plan to arrive at a successful outcome. The plan usually includes the length of time necessary, how much the project will cost and what resources will be used for the project. Since the project needs a leader, there must be a project manager who will oversee that the plan is followed and there is a consistent and common approach from the start until the project is completed. Prince2 provides project managers with the ability to apply whatever has been learned from the course in managing the project including risks.
How to manage project risks
It is not good enough to say that risks can be managed; they have to be identified since they can threaten the project’s objectives. Based on the Prince2 definition of risk, it is an uncertain event or a series of events that may occur which will affect a project. Risks will always have an impact, whether positive or negative which means that there must be some form of management action that can prevent the risk from happening or to control and minimize its effects. Risks will be different for every project because of size, importance and complexity but what is important is to decide on an approach on how the risks can be handled. For example, once a product becomes operational, there will be residual risks that are bound to occur and there must be an appropriate individual or organization who will manage these risks. This is what is referred to as risk management strategy.
Prince2 is being adopted by hundreds of organizations throughout the world because it is applicable for all types of businesses whether big or small. Since Prince2 offers a wide range of possibilities for growth and development of potential leaders of an organization, the next best thing you need to do is to take a training course and find out more about becoming a project management professional.