PRojects IN Controlled Environments v2 — a process-driven, heavily documented, stage-gated project management methodology developed by the UK government. Widely used in EU/government/consulting.
Key facts
7 principles, 7 themes, 7 processes — the “Prince2 trinity”.
Stage-gated: each stage’s continuation requires explicit business-case re-justification.
Roles: Project Board, Project Manager, Team Manager.
Strong on documentation and governance; weak on adapting to change.
Widely used and accepted -Consulting, Private and Government
Process orientated approach
Divides projects into multiple stages
Detailed and thorough
Must have a clear need, a target customer, realistic benefits, and a thorough cost analysis
Pros
Extensive documentation is helpful with corporate planning & tracking
Cons
Difficult and untimely to adapt changes and apply these to all documentation