What Is PRINCE2? The Definition, History & Benefits

PRINCE2 is a project management approach that is flexible to suit various business needs and primarily focuses on organization and control. This methodology is beneficial for different project types and can easily integrate with other principles and methods.

In this article, we will learn about PRINCE2 Certification, its history, benefits, and PRINCE2 certification price in India.

What is PRINCE2?

PRINCE stands for Projects IN Controlled Environments. This management methodology is a well-known and widely recognized form of project management and is practiced in over 150 countries. This project management method divides projects into controllable stages, and includes core project management principles like outlining a project scope and budget, which makes it a good instrument for beginners.

PRINCE2 offers two levels of certification:

1. PRINCE2 Foundation Certificate: This is an entry-level qualification and provides a basic understanding of PRINCE2. It helps build a solid foundation of PRINCE core concepts, principles, and processes and familiarizes the candidates with the basic terminology of this methodology.
2. PRINCE2 Practitioner Certificate: Built upon foundation knowledge, this certificate demonstrates your ability to apply PRINCE2 principles and processes in practical project scenarios. It establishes that you can use PRINCE2 to manage real-world projects effectively.

The History of PRINCE2

First established in 1989 by the Central Computer and Telecommunication Agency (CCTA), the project management system was initially based on a methodology that was used by the UK government. Known as the Project Resource Organization Management Planning Technique (PROMPT), the United Kingdom government primarily used it for information system projects.

Later, the government adapted and improved PROMPT, creating PRINCE, which was quickly recognized for its robust framework. Soon, developers found it somewhat rigid and overly complex for many types of projects. PRINCE was further revised and relaunched as PRINCE2 in 1996. The new version was more user-friendly, adaptable, and applicable to a wider range of project.

Benefits of PRINCE2 Certification for Individuals

Some of the significant benefits of earning PRINCE2 certification are:

Career Advancement

• Increased Earning Potential: PRINCE2-certified professionals often command higher salaries compared to other non-certified individuals.
• Better Job Prospects: The PRINCE2 certification establishes your commitment to professional development, making you a more attractive candidate to employers.
• Promotion Opportunities: This credential showcases your ability to handle complex projects effectively, thus increasing your chances of landing leadership roles.
• Enhanced Skillset
• Structured Project Management: PRINCE2 training equips you with a structured approach to project management, and covers aspects like planning, execution, and control.
• Improved Communication and Stakeholder Management: PRINCE2 emphasizes on clear communication and defined roles. Therefore, it enables you to easily meet stakeholder’s expectations while undergoing project complexities.
• Risk Management Expertise: With this certification, you will gain a strong foundation in risk identification, assessment and mitigation strategies, allowing you to proactively manage project risks

Credibility and Recognition

• Industry-Recognized Credential: PRINCE2 certification is a globally recognized credential,  which validates your project management expertise and sets you apart from non-certified professionals.
• Increased Confidence: Earning this certification establishes your dedication to the field and simultaneously provides you with the confidence to tackle challenging projects effectively.
• Networking Opportunities: PRINCE2 certification allows you to connect with other certified professionals and share your knowledge with like-minded professionals.

Additional Considerations

• Versatility: PRINCE2 is designed as a flexible methodology that can be easily adapted to various project types and industries.
• Complements Other Methodologies: Although PRINCE2 offers a structured framework, it can be very well combined with other models like Agile for a more comprehensive approach to project management.

 How to Earn PRINCE2 Certification?

To earn this certification, you need to opt from various training options available. You can choose:

• Accredited Training Organizations (ATOs): You can choose a training program from an accredited trainer like Knowlathon. This training organization offers PRINCE2 courses in various formats.
• Classroom Training: This type of training offers in-person classes led by certified instructors.
• Online Training: Here, you can attend virtual classes at your convenience and from anywhere, providing flexibility in learning.
• Blended Learning: Blended learning is a combination of online and classroom training.
• Self-Study: You can also choose a self-paced learning program from the numerous available resources. For example, you can use:
• Official PRINCE2 Manual: This manual offers primary study material for both Foundation and Practitioner exams.
• Online Resources: You can even take the help of e-learning platforms, video tutorials, and online forums.
• Practice Exams: Try using sample questions and mock exams to test your knowledge and exam readiness.

PRINCE2 Certification Cost in India

PRINCE2 agile certification cost varies and depends on several factors. However, you can expect a range of Rs. 40,000 to Rs. 80,000 approximately, for the complete certification process which includes training program and the exam fee.

Factors that affect PRINCE2 certificate cost include:

• Training Provider: Different training providers offer unique pricing structures depending on their reputation and expertise. Some may also offer bundled packages that include training and exams at a discounted rate.
• Training Provider: Classroom training is usually more expensive than online learning.
• Certification Level: PRINCE2 Practitioner certification costs more than the Foundation level, as it is more advanced in nature.
• Location: Training costs also vary according to the city or region in India.  

Resources to Help You Compare Cost

You can use various resources to compare PRINCE2 certificate costs. By understanding the cost factors and exploring available resources, you can make a better decision when pursuing PRINCE2 certification in India.

• Search Online: Find various training providers offering PRINCE2 certification and compare their costs.
• Contact a Training Institute Directly: Get in touch with Knowlathon and inquire about their specific training pricing.

Conclusion

Continuous learning and professional development has become essential in the world today. If you want to stay relevant and achieve success, consider staying up-to-date in the cut-throat competitive environment. PRINCE2 certification not only equips you with valuable project management skills but also demonstrates a commitment to personal and professional excellence.

Click here and start your journey of lifelong learning and make PRINCE2 a valuable resource for your career development.