How PRINCE2 TM Can Complement PMBOK ® and Your PMP

Abstract PMBOK ® is the recognized (de facto) standard of Project Management knowledge. In the UK and Europe, PRINCE2 TM is the project management methodology of choice, and is required by the UK government for all projects it commissions. This presentation will provide an overview of the PRINCE2 TM method and examine the similarities and difference between PMBOK ® and PRINCE2 TM . Finally, we will see how these two project management approaches relate and complement each other and how the PRINCE2 TM project management methodology provide added value to a PMBOK ® knowledge base.

AGENDA Organization Structure Prince2 TM - What is it? What do I need to know about Prince2 TM ? Comparison – Friend or Foe? Program Management - Overview vs.

AGENDA

Organization Structure

Prince2 TM - What is it?

What do I need to know about Prince2 TM ?

Comparison – Friend or Foe?

Program Management - Overview

ORGANISATION LEVELS Strategic Tactical Operational vs.

ORGANISATION LEVELS

Typical Project Management Organization Project Manager Project Sponsor Project Stakeholders PMO Project Team Project Team Strategic Level Tactical Level Operations Level vs.

Typical Project Management Organization

PROJECT MANAGEMENT ORGANISATION Senior / Corporate / Program Management Senior User Executive Senior Supplier Strategic Level Project Manager Project Assurance Tactical Level Team Manager Project Support Project Team Project Team Operations Level Project Board vs.

PROJECT MANAGEMENT ORGANISATION

PROJECT MANAGEMENT ORGANISATION Senior / Corporate / Program Management Executive Strategic Level Project Manager Tactical Level Team Manager Project Team Project Team Operations Level PMP PGMP / PRINCE2 PM MSP / Portfolio Project Board vs.

PROJECT MANAGEMENT ORGANISATION

PRINCE2 TM = PR oject IN C ontrolled E nvironment vs.

Is this the Project Management?? Executive PBS PID Product Tolerance Project Assurance Project Board Senior Supplier Product Description Stage Checkpoint Report Senior User Highlight Report vs.

Is this the Project Management??

Is this the Project Management?? Sponsor Status Report WBS Deliverables PMP Phase Performing Organization Customer Progress Report vs.

Is this the Project Management??

PROJECT DEFINATION “ a management environment that is created for the purpose of delivering one or more business products according to a specified Business Case” “ a Project is a Temporary endeavor undertaken to create a unique Product, Service or Result ” vs.

Project Management Method, tailorable for use on all types of Project Best Practice Guide on Project Management Owned by Office of Government Commerce (OGC) in the UK. In the public Domain www.ogc.gov.uk/prince2 Described in “Managing Successful Projects with PRINCE2” Is a METHODOLOGY but does NOT provide Templates vs.

Project Management Method, tailorable for use

on all types of Project

Best Practice Guide on Project Management

Owned by Office of Government Commerce

(OGC) in the UK. In the public Domain

www.ogc.gov.uk/prince2

Described in “Managing Successful Projects with

PRINCE2”

Is a METHODOLOGY but does NOT provide

Templates

PMBOK ® Recognized (de facot) standard for Project Management Generally when we talked about PMBOK ® referring to “A Guide to the Project Management Body of Knowledge, Third Edition” Identifies and describes subset of Project Management which is generally accepted Is not a methodology vs.

PMBOK ®

Recognized (de facot) standard for Project

Management

Generally when we talked about PMBOK ®

referring to “A Guide to the Project Management

Body of Knowledge, Third Edition”

Identifies and describes subset of Project

Management which is generally accepted

Is not a methodology

PRINCE2 TM Process Model vs.

vs.

vs.

vs.

vs.

vs.

vs.

vs.

vs.

vs.

vs.

Combining the Best of PRINCE2 TM and PMBOK ® vs.

Combining the Best of

PRINCE2 TM and PMBOK ®

After the Project Managers receive their PMP certification they often ask “ Where do I start? How do I put all of this together to actually run a project? vs.

PRINCE2 TM becomes useful at this point, because, as methodology, it can shape and direct that knowledge. PRINCE2 TM needs experience and the depth of PMBOK ® to fill it out vs.

PROGRAM MANAGEMENT OVERVIEW vs.

PROGRAM MANAGEMENT OVERVIEW

Governance Structure of Program Management & PRINCE2 TM Project Management IS EXACTLY SIMILAR vs.

vs.

vs.

Thanks Rajiv Sharma PMP® ; PgMP® ; PRINCE2™ Practitioner E-mail: shrajiv_sharma@rediffmail.com Linkedin: http://www.linkedin.com/in/rajivsharma22 SlideShare : http://www.slideshare.net/rajivsharma22