PRINCE2 (PRojects IN Controlled Environments 2) 5 th Feb., 2012 Senior Project Manager Brandon PMP, PRINCE2 foundation & Practitioner

History of PRINCE2 A generic project management framework suitable for managing ANY type of project in any industry Owned by Office of Government Commerce (OGC) PRINCE established in 1989 for IT projects PRINCE redeveloped as PRINCE2 in 1996 for entire projects PRINCE2 4 th edition in year 2008 PRINCE2 5 th edition will be released in H Now de facto standard for UK government

The Structure of PRINCE2 PRINCE2 addresses project management with four integrated elements - Principles, Themes, Processes and Tailoring to the project environment

PRINCE2 Qualifications 2 qualifications Foundation – 1 hour exam – tests understanding Practitioner – 2.5 hour exam – tests application More than 800,000 PRINCE2 exams taken worldwide Since 1996 in 109 countries 520,000+ Foundation exams, 280,000+ Practitioner exams 1,100 exams in East Asia (excl. China) in % growth per year 2010/2011 outside of UK

Who uses PRINCE2? Private Barclays Bank British American Tobacco British Council British Telecom British Petroleum DHL ING Bank Australia Norgine Pharmaceuticals NNIT Denmark Paul Hartmann AG Port of Rotterdam Rabobank International Rolls Royce Serco Skandia Siemens Business Services Private (continued) Standard Bank Tescos Visa Vocalink Vodafone Other British Government Australian Government UK Local government UK Health Service UK Post Office UK Olympic Delivery Authority NATO United Nations Vietnam Academy of Social Science

Benefits of PRINCE2 Based upon best practices and governance for managing projects Can be applied to any type of project Is widely recognized and understood Provides a common vocabulary for all project participants Focuses on what a project will deliver, why, when, by and for whom Plans meet needs of different levels of project management team

Benefits of PRINCE2 Based on ‘management by exception’ – saves senior managers time Focuses on project viability by assessing its Business Case Thorough but economical structure of reports Stakeholders properly represented in planning and decision-making Its adoption promotes learning and continuous improvement Training is widely available and Using PRINCE2 is FREE!

PRINCE2 vs. PMP Which is better - PRINCE2 or PMBOK? The wrong question to ask A better question to ask is … – Can PRINCE2 and PMBOK be used together?

Comparison of PRINCE2 and PMBOK PRINCE2PMBOK Organization OGC(Office of Government Commerce) – British PMI(Project Management Institute) - USA Foundation Year 1996 (PRINCE1 – Year 1979)Year 1996 (PM Guide – Year 1983) Latest version 2 nd edition(2009) 4 th edition(2008), 5 th edition will be released in H2 of 2012 Framework Process-Based Approach (7 Principles, 7 Themes and 7 Processes) Knowledge-Based Approach (9 Knowledge areas, 5 Process groups, 42 Processes) Process What must be done, When, How, WhoInputs, Tools & Techniques, Outputs View All of project stakeholder’s responsibility, role and activity. Emphasize “escalation” by importance Define activities from the point of PM’s view with ITO(Input – Technique – Output) Certification PRINCE2 Foundation / PractitionerPMP(Project Management Professional)

Slide 10 Innovation Idea Comparison of PRINCE2 and PMBOK PRINCE2PMBOK Process-based approachKnowledge-based approach Processes define WHAT must be done, WHEN, HOW and by WHO Describes core practices and a wider range of techniques PrescriptiveDescriptive Defines the roles of EVERYONE on the PM team Focuses on PM role PRINCE2 Accredited Training Organizations (ATO’s) must be accredited (licensed). Accreditation requires compliance with UKAS quality management standard for training. Trainers must pass independent assessment, renewed on annual basis. PMP training organizations are not required to comply with an international quality management standard for training and/or certification. PMP trainer’s competency to deliver training is not assessed.

Comparison of PRINCE2 and PMBOK Imagine a student learning to become a doctor (study anatomy, physiology, pharmacology etc) Being a good doctor requires more – Determine symptoms – Prescribe treatment & medicine – Maintaining records – Requesting support from physicians PMBOK describes the knowledge vs. PRINCE2 describes the WHAT, WHEN, HOW, WHO

Comparison of PRINCE2 and PMBOK PRINCE2 and PMBOK both have strengths PRINCE2 can complement the strengths of the PMBOK by shaping and directing the PMP’s knowledge PRINCE2 specifies the information, documents and roles required throughout the whole project, including project governance Using PRINCE2 and PMBOK together means taking advantage of the 2 most respected project management approaches in the world Gaining PRINCE2 qualifications can help your career

ETC 한국에서의 PRINCE2 수강 및 자격증 취득 기관 (PRINCE2 learning center in Korea & Curriculums) - p.asp?Course_Code= &Course_NM=PRINCE 2 Foundation & Practitioner&Cate_Code=31http:// p.asp?Course_Code= &Course_NM=PRINCE 2 Foundation & Practitioner&Cate_Code=31 -The contents in this material is provided by the Knowledge Train in UK and the KPC in Korea.

Thank You!