What is PRINCE2 Project Management?

Apr 06, 2021 ยท 3 mins read
What is PRINCE2 Project Management?
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 A project is a temporary business undertaking that requires attention to determine the most opportune time to meet specific tasks to produce an end-result.  Projects are undertaken to accomplish special projects or to reorganize existing activities to improve a functional department, build a new facility, investigate other courses of action, or perform some other similar activity.  Projects may be capital, non-capital, or capital intensive.  A capital project means the amount of dollars required to support the project including the cost of materials and buildings; the cost of labor, materials, and supplies; as well as a project of time and materials. As on a prince 2 Course belfast training.

Projects may be considered to be of two major types: new projects and programs.  New projects run on top of the basic operations and operations activities of an existing operating effort; while projects of program nature are an entirely new undertaking.  A program of new projects may satisfy a agency finding that the agency or an equivalent entity could operate more efficiently by adopting specific programs to improve productivity, effectiveness, or quality.  Managers of such projects should use an approach that chronologicalizes an organization's success; identifying the strategies that have contributed to the organization's overall success.

The management of projects has worked within and outside of organizations for thousands of years.  During the last two-million years we have evolved from men to women, from Evanthfs to bouquets.  Now we are prospering because we have learned to organize and utilize resources in a more effective manner, and to draw on the creative power, energy, suggestions of the "great ones."  Our past leaders or mentors have through their own experiences brought a wealth of knowledge and creativity to American business.  It is our responsibility to tap this in order to prevent the many unnecessary pitfalls which we are all familiar with.  It is not enough for organizations to follow the guidelines set by others; we must learn to evolve within that vast experience ourselves in order to come up with our own unique solutions.

Among the management strategies that need to be considered are three: small-scale, medium-scale, and large-scale.  Our memories and those of our mentors should be the greatest preservation of this knowledge.   Here are some facts about project management that are often overlooked and yet can be very important to our project success.  Over the course of the last 500 years or so, there have been 700,000 management and technological changes.  Project management had its very beginnings in the early 1900's.  During that time, we no longer needed drawn-in wires and committees to get things done.  Large corporations now have a team of project managers that are on their way up the ladder of success.  Until recently, the very concept of project management was new to most people.  So many of the concepts used in management today are very familiar concepts that we have become accustomed to them.  The new project manager of today has to have the basic project elements in place and then be able to capitalize upon the team members in order to get the job done.

One of the best places to start project management is with a unique endeavor such as building a steel building.   While it may be a new venture for most, the principles of project management remain no longer monolithic.  In addition, technology has advanced the differently over the last three decades.  The technical world has kept pace with the increased demands of all of society's demands.  Business executives and project managers alike now know that the risks are minimized for all involved.  Among the lessons learned is that personal project management has shifted from strictly a single task to a more complex allocation of resources to each project related task, and a back-up plan for when the other ventures are not operating at optimum.

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