Project managers are a staple for any company established or new. The global demand for potent Project managers has skyrocketed over the years with graphs showing a 33 percent growth rate in the next five years. With such a big market cap product manager-based courses make for a lucrative option for aspiring Managers.
Even though there are plenty of project managers, the demand for adequately trained and certified individuals with a sense of industry methodology and frameworks seems to be never-ending. One of such in-demand methodologies happens to be that of PRINCE2®. So, what exactly is PRINCE2®? Let’s talk about it
What is PRINCE2®?
PRINCE Stands for Projects in a controlled environment. Unlike most management-based frameworks PRINCE2® does not necessarily require certification for an individual to capitalize on it although having one can make it easier for one to climb corporate ladders.PRINCE2® is a structured product management method that emphasizes breaking big scaled projects into smaller easily accomplishable stages.
Even though the original framework was established in 1989 by the Central Computer and Telecommunications Agency (now Office of Government Commerce) much has changed over the years with the introduction of new practices in the industry along with fundamental updates in the framework for optimal efficiency in modern working conditions. In 2017 PRINCE2® entered its 6th edition as a process-based project management methodology under the trademark of AXELOS Limited. PRINCE2® is used across the globe in multiple countries in both the public and private sectors.
Why go for PRINCE2®
The basics of successful project management lie in working within a framework. With managers and members having well-defined roles and responsibilities in a team, an efficient framework or a structured project management method can help get the most out of any developmental team. That’s where PRINCE2® comes in, a project under the PRINCE2® framework goes through seven step by step processes in its lifecycle. Additionally, each process has a checklist for activities and product-related responsibilities.
PRINCE2® is well known across the globe with over 150 countries employing certified PRINCE2® professionals. PRINCE2® Foundation and Practitioner course is not just a solid skillset to add to your CV but also a real-life asset helping you optimize projects. With pay upwards of $90,000, PRINCE2® is easily one of the top 10 in-demand certifications right now.
Things you need to know about PRINCE2®
The PRINCE2® 6th edition released in 2017 is the latest iteration of the PRINCE2® framework and the most optimized for modern work environments, make sure the training/course you receive is based on this 2017 edition.
PRINCE2® has multiple certification levels from foundation to practitioner, alongside ones with agile frameworks for a better understanding of the overall framework.
AXELOS Limited changed the name of PRINCE2® 2017 to PRINCE2® 6th edition in January 2020 to better fit the category of certification it focuses on. Both are the different names of the same framework and should not be confused with each other.
Conclusion
PRINCE2® in a name that speaks for itself, anyone looking for a career as a project manager should give it consideration.
