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Project Management & Agile · Foundational

PRINCE2

Process-based project management method (PRojects IN Controlled Environments) owned by PeopleCert (AXELOS).

Definition

PRINCE2 7th edition (2023) consists of five integrated elements: principles, people, practices, processes, and the project context. It defines seven principles, seven practices, and seven processes, and emphasizes business justification, defined roles, and management by stages and exception.

Example

A UK government agency uses PRINCE2 with a Project Board and stage-based authorization.

Exam tip

PRINCE2 7 renamed 'themes' to 'practices' and added 'people' as an element.

Related terms