What Is PRINCE2 Principles, Aspects, Roles & Processes

PRINCE2, an acronym for Projects IN Controlled Environment, is a structured project management methodology. It is considered the world’s most favored standard and is the most flexible and adaptable project management method. PRINCE2’s versatility makes it easier to implement it in numerous projects among different sectors including IT, finance, construction, engineering, and even in most government and private agencies.PRINCE2 offers a set of principles, aspects, roles, and processes to guide project management activities. It is divided into two courses:

PRINCE2 Foundation

The PRINCE2 Foundation is an entry-level certification that does not require any prior qualification. This course primarily focuses on explaining the PRINCE2 principles and its terminology. Once you have completed this course, you will be a well-equipped project management team member operating within a PRINCE2 environment.

PRINCE2 Practitioner

This is the advanced level certification and requires suitable qualifications before a candidate can avail of this course. The practitioner course focuses on the application of the PRINCE2 methodology and the operation management of a project. After the course completion, you will be able to use the PRINCE2 methodology as per the needs of a project scenario.

PRINCE2 Roles

There are several roles that are predefined under the PRINCE2 methodology. Following is the list of some of the defined roles:

• Project Board: This is responsible for overall project direction, decision-making, and ensuring alignment with business objectives.
• Executive: Individuals representing the business interests and providing direction to the project, come under this head.
• Senior User: These are the end-users who ensure that all the project requirements are met effectively.
• Senior Supplier: Senior suppliers ensure that resources and deliverables are provided as required.
• Project Manager: These are the individuals who manage the day-to-day activities of the project while ensuring that all objectives are effectively met and also reporting project progress to the board.
• Team Manager: Persons who manage a team of individuals responsible for producing project deliverables are termed team managers.
• Project Assurance: They provide independent assurance and advice on project governance, management, and performance.

How to Earn PRINCE2 Certification

Candidates looking to work in a PRINCE2 environment or leading projects can opt for one of two certificates: the PRINCE2 Foundation or the PRINCE2 Practitioner certification. In order to become a PRINCE2 practitioner, you need to pass an open-book exam from Axelos, consisting of 68 questions and must obtain 55% or more. Individuals who want to earn the PRINCE2 Practitioner certificate also have to submit proof of other project management certificates or the PRINCE2 Foundation certificate.

It is critical to note that Axelos does not offer any type of training for this certification. However, they have partnered with multiple training providers all over the world. You can contact Knowlathon, who are accredited trainers from Axelos and have an experienced team of trainers.

PRINCE2 Certification Online Course

PRINCE2 Certification online courses are typically designed to help individuals gain skills that are necessary to apply the PRINCE2 methodology effectively. These online courses cover the following key aspects:

• PRINCE2 Principles: Here, you will learn fundamental principles that guide the PRINCE2 methodology.
• PRINCE2 Practices: Gaining knowledge of seven practices is another key aspect of PRINCE2. These Practices are addressed throughout the project lifecycle and ensure the success of the project.
• PRINCE2 Processes: These are the set of processes that outline the step-by-step approach to help manage a project within the PRINCE2 framework.
• Tailoring PRINCE2: The candidates will also learn how to tailor the PRINCE2 methodology that suit the specific needs and characteristics of different projects.
• PRINCE2 Practitioner Exam Preparation: PRINCE2 Certification Online Course from Knowlathon offers comprehensive exam preparation material and practice tests.
• Interactive Learning Resources: Online courses also include a variety of interactive resources that ensure better engagement with the participants.
• Flexibility and Accessibility: One of the primary advantages of online courses is that they offer flexibility and accessibility. You are allowed to access course materials and can complete assignments at your own pace, anytime and from anywhere.
• Certification: Once you have successfully completed the course and cleared your exam, you will be entitled to receive a PRINCE2 certification.

PRINCE2 Certification Cost in India

PRINCE2 Certification Cost in India depends on several factors. However, the training cost and exam fee typically range from Rs. 20,000 to Rs. 50,000 and varies according to:

• Training Provider: Training cost depends largely on the training provider you have selected. There are different PRINCE2 training providers in India, and charge according to their reputation and the support they offer.
• Training Format: PRINCE2 certification training is available in various formats including, classroom training, virtual instructor-led training, self-paced online courses, etc. Therefore, the cost of training differs significantly with the format you have chosen.
• Course Duration: You need to pay extra for the longer courses that provide more in-depth coverage of PRINCE2 principles, while shorter course duration will cost less.
• Exam Fees: You also need to consider the cost of the exam. PRINCE2 certification exams are typically administered by accredited examination institutes, and there is a fee associated with registering and taking the exam. Some of the training institutes add exam fees to their course fees, while others may charge it extra. Exam fee also varies according to the level of certification: Foundation or Practitioner.
• Study Materials: Some of the training institutes include study materials and online resources as part and parcel of their training package, while others may charge you extra. The cost of study material heavily l impacts the total cost of certification.
• Additional Support: Many training institutes also offer additional support to the candidates. This includes exam preparation workshops, one-on-one coaching, access to online forums and other services. You are likely to pay more for these additional services but they help in better preparing for the exam.

Conclusion

Pursuing PRINCE2 certification is not only gaining another credential, but it is also a way of unlocking a world of opportunities in the project management field. BY investing in this certification, you will not only expand your knowledge, but will also be able to demonstrate your commitment to delivering projects efficiently and effectively.