Assurance is when the project board objectively assesses a project’s performance. This assessment considers whether users’ requirements are being met, and if the project’s intended benefits outweigh its costs. In spite of this, project assurance remains an underutilised aspect of PRINCE2. In their annual Pulse of the Profession Report (2015), the Project Management Institute reported that inadequate requirements management was the cause of failure for 47% of unsuccessful projects. These 3 benefits should remind project managers and their teams of the ongoing importance of project assurance.

In a previous blog, we talked about PMI’s most recent report on project management. It celebrates the increasing success of projects, crediting a lot of it to sponsor engagement. Since we already discussed how to engage sponsors with PRINCE2 tools, now we’ll turn the tide and talk about what’s expected of executive sponsors.

PRINCE2 has facilitated the success of projects across a wide range of sectors, for companies of all sizes across the world. This dispels any misconceptions that PRINCE2 is a one-size-fits-all approach. The reality is that companies are ‘tailoring’ PRINCE2 to make it the best fit for achieving their unique project goals. This blog will explore what it means to tailor PRINCE2, what can be tailored, and what must remain the same.

Our previous blog showed how to apply positive project management habits to PRINCE2. Now, we’ll look at the other side of the coin. Although project success rates are growing, project managers still struggle with many common pitfalls. Here are some of the ways PRINCE2 can prepare you for them.

PMI’s most recent Pulse of the Profession report focused on the rising success rates of projects. They identified trends that wasted 20% less money than the previous year. Here, we detail some of these positive trends and tell you how to apply them to your own PRINCE2 projects.

The Product Description and Project Product Description are two different things, despite the similar names. The Product Description details a project’s component parts, while the Project Product Description details the final product. Here, we explain both types of description in depth and even provide templates to make producing them easier.

Karen Swanston, one of our experienced trainers, will be speaking at the upcoming Project Challenge Expo in Olympia, London on 22 March. Make sure you see her 2pm session, unravelling the project management conundrum with PRINCE2.

When getting to grips with PRINCE2, a common cause for confusion is the difference between ‘Starting Up a Project’ and ‘Initiating a Project’. This blog will not only explain the distinction between the two, but how together they guarantee the best start for your project.

PRINCE2 today is the de facto project management standard. The UK government in the 1980s demanded a solution to common project problems. They were struggling to deliver on time, under budget, within scope and up to quality. Like many private companies, they wanted a method focused on deliverables.

5 March 2020 Update: PRINCE2 2017 has since been renamed PRINCE2 6th Edition. The Foundation and Practitioner examinations are also now available in German, Dutch, Polish, Danish, French and Norwegian.

After receiving global community feedback and reviews from over 100 project management professionals, AXELOS unveiled PRINCE2’s first major update since 2009.