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Using PRINCE provides you with greater control of resources, and the ability to manage business and project risk more effectively, which provides benefits to: - project managers
- directors/executives (senior responsible owners) of projects, and
- organisations
Using PRINCE2 in your projects will give you common systems, procedures and language. This will enable you to make fewer mistakes, to learn from those that you do make, and ultimately save money and effort. The PRINCE2 method is non-proprietary and easy to learn, and embodies established and proven best practice across the wide cross section of organisations who have contributed to its evolution since the 1980s. By adopting PRINCE2 as your project management method, you are benefiting from lessons learned by these other organisations. In summary, PRINCE2's formal recognition of responsibilities within a project, together with its focus on what a project is to deliver (the why, when and for whom) provides your organisation's projects with: - A common, consistent approach
- A controlled and organised start, middle and end
- Regular reviews of progress against plan
- Assurance that the project continues to have a business justification
- Flexible decision points
- Management control of any deviations from the plan
- The involvement of management and stakeholders at the right time and place during the project
- Good communication channels between the project, project management, and the rest of the organisation
- A means of capturing and sharing lessons learned
- A route to increasing the project management skills and competences of the organisation's staff at all levels
Source: www.ogc.gov.uk
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Prince2 Introduction 
