PMBOK vs PRINCE 2

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PMBOK Vs PRINCE2: A presentation by QAI

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PMBOK vs PRINCE 2

  1. 1. PMBOK® GUIDE vs. PRINCE2® A presentation by QAI INDIA | USA | UK | CHINA QAI India Limited. All rights reserved. © | MALAYSIA | SINGAPORE
  2. 2. PMBOK® Guide vs. PRINCE2® A High-level comparative note
  3. 3. PMBOK® Guide vs. PRINCE2®  Project Management Body of Knowledge (PMBOK ® ) Guide is the Standard brought out by the PMI®, USA, for management of Individual Projects.  ‘PRojects IN a Controlled Environment’ (PRINCE2®), is a structured method for effective Project Management, which is being continued to be developed by the Office of Government Commerce (OGC), UK.  Development of these standards in USA and Europe have few commonalities, but have also depicted different approaches to Project Management. 2
  4. 4. PMBOK® Guide vs. PRINCE2®  PRINCE2® is widely used in UK/ few European Countries, whereas PMBOK® based standard is quite popular in USA.  Since most of the Projects outsourced are currently from USA, the knowledge of PMBOK® framework ( and of PMP® Certification) have become desirable for Companies/participants from India.  However, as Consulting companies look beyond USA for diversifying their clientbase to Europe, awareness/knowledge of PRINCE2® is gaining popularity. 3
  5. 5. PMBOK® vs. PRINCE2®  At a macro level, PMBOK® Guide is a Body of Knowledge and PRINCE2® is a method for successful management of Projects.  PMBOK® Guide is a highly descriptive compendium of the PM Processes and Tools.  PRINCE2® takes a ‘prescriptive’ approach for Project Management, complete with Templates, Roles and Responsibilities of multiple Stakeholders etc.  PMBOK® Guide defines the collection of knowledge, generally ‘recognized as Best practices for managing Projects’, which a Project Manager ought to know.  In contrast to this, PRINCE2® is a process-driven PM method, which describes what the Project Manager and other major Stakeholders ought to know and ought to do in Projects. 4
  6. 6. The Structure of PRINCE2 method PROJECT ENVIRONMENT Business Progress Case Organization Change PRINCE2 PROCESSES Quality Risk Plans PRINCE2 THEMES PRINCE2 PRINCIPLES © Crown Copyright 2009. Reproduced under Licence from OGC. 5
  7. 7. The PRINCE2 Processes Initiation Subsequent Final delivery Pre-project stage delivery stage(s) stage Directing a Project Directing SU SB SB CP Managing IP Controlling a Stage Controlling a Stage Managing Product Delivering Managing Product Delivery Delivery Key Note SU = Starting up a Project • Starting up a Project is used by both the directing and IP = Initiating a Project managing levels SB = Managing a Stage Boundary • There should be at least two management stages, the first CP = Closing a Project of which is the initiation stage. • Managing a Stage Boundary is first used at the end of the Initiation stage and repeated at the end of each subsequent stage except the final stage. It is also used to prepare Exception Plans, which can be done at any time including in the final stage. • For complex of lengthy initiations, Controlling a Stage and Managing Product Delivery can optionally be used to manage the initiation stage. © Crown Copyright 2009. Reproduced under Licence from OGC. 6
  8. 8. Few Major comparative points Theme PMBOK® PRINCE2® Guide Approach to PM Largely Descriptive Quite Prescriptive - especially for Process interactions, but scaleable Project Initiation Customer centric - Business Case driven Project Charter Empowerment for the Need to consider Project Ownership and Control Project Manager (PM) Sponsor/Key by Senior Management above stakeholders PM (Project Board/Executive) Adaptation/ Tailoring Is left to the PM- All Processes need to be to specific Projects some Processes can considered - but can be scaled be left out if needed - to meet Project specific requirements Controls/Checkpoints Are left to the PM to Multi level controls clearly laid decide out for progress reporting and tracking at various levels 7
  9. 9. Major inclusions in PMBOK® Guide (vis-a-vis PRINCE2®) The following is an overview of major inclusions in PMBOK ® Guide for the guidance of the Project Manager- vis a vis PRINCE2®  Procurement Management (Contract Management)  Team Management  Cost Management/ Earned Value Analysis  Schedule Management  Communications Management Is better for evolving a Organization specific methodology for managing Projects - as a guideline reference! 8
  10. 10. Major strengths of PRINCE2® ( vis-a-vis PMBOK® Guide )  Continuing Alignment to Business Case throughout the Project Lifecycle  A clear delineation of Deliverables/Reports through Product Based Planning approach and focus on achieving them  Well defined Roles and Responsibilities of multiple stakeholders/robust system of checks and controls  Detailed guidelines for Change control / Configuration Management/Project documentation  Focus on Principles/ Lessons Learned  Offers a framework for facilitating individual Project success! 9
  11. 11. Customers Predominantly using PRINCE2  The following sets of customers/Projects are known to be using/ interested in PRINCE2®.  All UK Government initiated/sponsored Projects  UK based Companies ( British American Tobacco/ BT/ BOC/ Unilever/ Tesco/ Philip Morris/ Glaxo/ LogicaCMG/ AXA..)  Mainland European Clients ( Philips/ Shell/ Nokia/ Cornhill/ HSBC/ Novartis..)  Non-European Clients ( Sun/ Hitachi/ Fidelity/ World Bank..)  Indian Consulting companies seeking to broadbase into European market 10
  12. 12. http://www.qaiglobal.com INDIA USA UK CHINA MALAYSIA Click here for more on Project and SINGAPORE Program Management CONTACT US QAI India: QAI USA: QAI Malaysia: 1010 - 1012, Ansal Towers, 38 Nehru Place Windsor at Metro Center, 2101 Park Center Level 36, Menara Citibank, 165, Jalan New Delhi - 110019, India Dr., Suite 200, Orlando, FL 32835-7614 Ampang, 50450 Kuala Lumpur, Malaysia Phone: +91- 11- 26219792, 26220580 Phone: +407-363-1111 Phone: +603 2169 6241 conferences@qaiglobal.com conferences@qaiglobal.com conferences@qaiglobal.com QAI UNICOM / UK: QAI Singapore: QAI China: Unicom R&D House, One Oxford Road 391B Orchard Road #23-01, Rm. 1211, No. 498 Guoshoujing Rd. Shanghai Uxbridge, Middlesex, London, United Ngee Ann City Tower B, Zhangjiang Hi-Tech Park, Pudong New Area, Kingdom, Zip: UB9 4DA Singapore - 238874 Shanghai, China Zip: 201203 Phone : +44 (0)1895 256484 Phone:+65-6225-8139 Phone : +86-21-51314155 conferences@qaiglobal.com conferences@qaiglobal.com conferences@qaiglobal.com © QAI www.qaiglobal.com © QAI India Limited. All rights reserved. All rights reserved. No part of this document may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without prior written permission of QAI

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