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PRINCE2 Blog

PRINCE2 Project Management Articles, Videos and Other Useful Resources. Providing free info, hints & tips, guides and other useful resources to those that use PRINCE2 as a Project Management methodology.

How to Prioritise Project Work
Posted on Thursday, 3rd August 2017 09:10
Submitted by ILX Marketing Team
No matter how good the team is, every project needs clear priorities to achieve its potential. When you have many stakeholders with different views, this can be a challenge. On top of that, anyone familiar with risk management will tell you to expect a fair number of surprises along the way. With the right strategy, this is all manageable.
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How PRINCE2 Leads to Effective Risk Management
Posted on Monday, 24th July 2017 09:10
Submitted by ILX Marketing Team
PRINCE2 is one of the most comprehensive methodologies for risk management. It quantifies risk by likelihood and impact, making for effective management. PRINCE2 defines ‘risk’ as something that could become either an issue or an opportunity. So risk can be both positive and negative for a project. It also helps understand the full impact of risk. This extends beyond the project, to show how it can effect long-term business goals. No matter the probability, implications or nature of risk, PRINCE2 enables managers to handle it effectively. Here are the 4 main ways PRINCE2 helps manage risks successfully:
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How to Prevent Change Mistakes
Posted on Wednesday, 5th July 2017 09:10
Submitted by ILX Marketing Team
In a 2007 article for Harvard Business Review, John P Kotter introduced a statistic that has been both a source of panic, and a stimulus for best practice: 70% of change management initiatives fail. PRINCE2 is capable of bucking this ongoing trend. The potential for successful change is always there. Unfortunately, so are the obstacles, such as stakeholder conflict and ill-defined goals. These 6 tips will help you fend off any resistance to your proposed change.
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PRINCE2's Positive Risks
Posted on Tuesday, 27th June 2017 09:10
Submitted by ILX Marketing Team
In project management, the word ‘risk’ is always approached with trepidation. Amidst this anxiety managers often forget that not all risks are negative. In fact, positive risks are more common than you may think. The PRINCE2 methodology distinguishes the two, saying that negative risks pose a ‘threat’ but positive risks contain an ‘opportunity’. This blog will highlight several examples of positive risk, best practice tips on managing them, and how positive risks can become negative if not handled correctly.
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Which Countries Use PRINCE2 the Most?
Posted on Wednesday, 7th June 2017 09:10
Submitted by ILX Marketing Team
How global is PRINCE2? Depending on where you work, or want to work, this is an important question for project managers. While PRINCE2 started in the UK, it was always designed with a global scope. That has helped it get adopted by the United Nations, NATO and other international bodies. PRINCE2 is the de facto project management methodology, but where is it most common?
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3 Reasons Project Assurance is Vital to Success
Posted on Wednesday, 24th May 2017 08:12
Submitted by ILX Marketing Team
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.
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