PRINCE2 - More Important than Ever

Group of project managers sat arouns table looking at project documents viewed from above

According to the recently published AXELOS PPM Benchmarking Report 2019, project managers are facing multiple challenges in their day-to-day roles.

PRINCE2® is becoming more important than ever when we examine some of these key challenges and how PRINCE2 can help.

  1. Under pressure to do more with less

Increased efficiency – through the structured approach and tools to manage cost, risk and timely delivery, PRINCE2 enables project managers to plan, manage and deliver projects efficiently. A tailored approach specific to the project shows that PRINCE2 is scalable, flexible, repeatable; ensuring the appropriate amount of planning, control and governance is applied.

  1. Limited resources

Alignment with business objectives results in resource and investment being optimized through continual realignment with business objectives, ensuring continued business justification. This is particularly useful if a limited resource is used effectively.

  1. Organizational approaches to project management

Manage change effectively – PRINCE2 provides the structure and governance to initiate, manage and deliver change within an organization. In addition, it mitigates risk through managing by stages. This enables risks to be raised and resolved in a timely manner.

  1. Poor communication

Improved communication within teams and with stakeholders – the roles and responsibilities of PRINCE2 reduce the chances of poor communication. In addition, PRINCE2 enables collaboration – it ensures a common language and approach across the project team and organization.

  1. Meeting stakeholder and customer expectations

Improved communication with stakeholders and customers – the roles and responsibilities of PRINCE2 ensure that the customer, supplier and user interests are represented and met.

The importance of senior management

The importance of effective senior management is a key contributor to project success. As a result of this and to support businesses further, AXELOS has developed a Directing Guide that covers the questions frequently asked by people who sponsor or direct projects. It has been designed specifically for project boards to use as a reference and fits together seamlessly with the Managing Guide. It is all about being in balance, as the project board and the project manager must work together to ensure that the project is a success.

Driving business change through successful projects

Our latest research report “The Power of Professional Certification” has shown that achieving certification instils confidence in the individuals and allows them to perform at their best. The report also states that decision-makers and end users place a high value on PPM certification and this is expected to be in high demand over the next two years and beyond.

PRINCE2 provides individuals and organizations with the most effective practical guidance and endorsement of acquired knowledge to develop skills and processes. This will support them succeed in transforming their business.

Download the AXELOS PPM Benchmarking Report 2019.

Read more AXELOS blog posts from Allan Thomson

What is programme management?

PRINCE2 Agile: Meeting customer demands and delivering the right product

Stakeholder Engagement - what and why?

Leading organizational transformation

7 tips to becoming a better project manager

The challenges facing Project Managers

The imperative of closing the agile “adoption gap”

What project metrics are most effective when measuring true project progress?

Implementing a risk strategy within your organization

What are the Traits of the Perfect Project Manager?

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Comments

29 Jul 2019 Renato Nicolello
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Hi Allan, thanks for providing this summary in your discussion. It actually provided me some guidelines while reading through the PPM benchmarking report.

Allow me to add some comment on the first 2 items that I believe they are combined in one big challenge. The need of managing project efficiently could be due to:
1 the increase of the scale of the project – pressure to do more
2 the limited resources (time or budjet,etc…) – pressure having less
Prince 2 deploy a workstream that can help to deliver project efficiently, however, as the PPM benchmarking report mentions, there is an increasing need for AI (Artificial Intelligence) to support the required efficiency.
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