Essay about Project Management Comparison of Prince2 and Pmbok

5970 Words Mar 10th, 2010 24 Pages
MSC756 PROJECT MANAGEMENT

ASSIGNMENT TWO

THE PRINCE2 METHODOLOGY:
A DETAILED COMPARISON OF RELATIVE STRENGTHS TO THE PMBOK AND APPLICATION TO PROJECT MANAGEMENT

AUTHOR: KANE WRIGHT
STUDENT: 400072002

WORD COUNT (LESS TABLE OF CONTENTS, REFERENCES, APPENDICES): 4972

DUE DATE: 28 SEPTEMBER 2009
TABLE OF CONTENTS

INTRODUCTION________________________________________________

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LITERATURE REVIEW______________________________________________________

_3
Background__________________________________________________

________________3
Methodology_________________________________________________

_________________3
Components__________________________________________________

________________4
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PRINCE2 has since gone through a number of revisions, the most recent of which is PRINCE2 2009 (Science Letter 2009). This methodology has received increased international interest and attention since it’s inception; and has now experienced widespread application across private sector, to become the accepted standard methodology for project management within the UK.

METHODOLOGY – WHAT IS PRINCE2?

As a practical tool of public domain, originally developed by government for project management, limited literature exists on the methodological description of PRINCE2’s structure, processes and application. A number of UK governmental publications and Project Management Professionals (PMPs) however, have developed summaries and guides to the method which explain the purpose and structure of PRINCE2. Birlouez (2009) draws directly from the PRINCE2 guide to describe the methodology as a “process-based approach for project management”. It is designed to be a structured method that the Project Manager can apply to guide the processes and procedures applicable to all projects.

COMPONENTS

The OGC have structured the PRINCE2 methodology to address eight core ‘components’ of project management (ILX Group 2009).

The Business Case

The business case provides the driving force within PRINCE2 from the inception of, and throughout, the project lifecycle. As Wideman (2002) highlights, the business

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