This document provides an overview of PRINCE2 (Projects IN Controlled Environments), a project management methodology used in the UK and Europe. It compares PRINCE2 to PMBOK (Project Management Body of Knowledge), the recognized standard for project management knowledge. While PMBOK provides knowledge, PRINCE2 is an actual methodology that can help structure a project. The document discusses how PRINCE2 and PMBOK complement each other, with PRINCE2 providing the methodology to implement project management knowledge gained from PMBOK.

1. How PRINCE2 TM Can Complement PMBOK ® and Your PMP

2. 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.

3. 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.

4. ORGANISATION LEVELS Strategic Tactical Operational vs.

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

6. 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.

7. 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.

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

9. 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.

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

11. 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.

12. 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.

13. 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.

14. PRINCE2 TM Process Model vs.

15. vs.

16. vs.

17. vs.

18. vs.

19. vs.

20. vs.

21. vs.

22. vs.

23. vs.

24. vs.

25. Combining the Best of PRINCE2 TM and PMBOK ® vs.

26. 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.

27. 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.

28. PROGRAM MANAGEMENT OVERVIEW vs.

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

30. vs.

31. vs.

32. 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