Today I began my studies to the PRINCE2® Foundation and Practioner exams.
"PRINCE" stands for PRojects IN Controlled Environments and is a process-based approach for project management providing an easily tailored and scaleable method for the management of all types of projects. The method is the de-facto standard for project management in the UK and is practiced worldwide.
It’s a very practical method of managing projects, and combined with the PMBOK® Guide, gives to the project manager a good set of best practices to increase the rate of successful projects.
The more I read the manual the more I love it.
It’s so practical and lean that I’m already starting to use it in my projects and already seeing a lot of benefits over my previous PMBOK® Guide based methods.
Not the PMBOK® Guide is bad. In fact, not at all. I would say that I that wasn’t able to tailor a custom method as good as PRINCE2®. Now I’m leveraging all the hard work and experience of PRINCE2®, tailoring it to my specific projects and needs.
To me, it seems that the PMBOK® Guide is more abstract and that PRINCE2® is more concrete. The later has more out-of-the-box features to execute a project than the first, but, conversely, lacks some knowledge areas such as Procurement and Human Resources.
It’s like PRINCE2® is a more detailed version of some aspects of the PMBOK® Guide, what makes them quite complementary and far from being mutually exclusive or competitors.
I’m still studying the 2005 version and I can’t wait to receive the 2009 material where they did a lot of improvements.
I’ll keep posting about my studies where I plan to bring a side-by-side vision of PRINCE2®, PMBOK® Guide, Scrum, RUP and TOGAF.
To know more about PRINCE2® check:
http://www.apmgroup.co.uk/PRINCE2/PRINCE2Home.asp
and
http://www.ogc.gov.uk/methods_prince_2.asp