Effective And Efficient Project Management

1464 Words Oct 29th, 2015 6 Pages
1. Summary of PRINCE2 Research
Effective and efficient project management is crucial in every organization, despite the type of the business and the size of the organization. It is very important for a project manager to closely manage and monitor the project right from its inception to successful delivery of project with the help of team collaboration.
Managing and tracking the progress of a project is not an easy task as it seems. For any successful project delivery the project manager and team members must be very clear about all the project goals, specifications and deadlines that need to be met in specified time in order to be cost-effective and to ensure that quality is maintained so that the customer is completely satisfied.
Effective project management cannot be achieved without leveraging some of the industry best practices and methodologies. One such framework that we are going to analyze is the PRINCE2.

PRINCE2 (an acronym for PRojects IN Controlled Environments) is a de facto process-based method for effective project management. Used extensively by the UK Government, PRINCE2 is also widely recognised and used in the private sector, both in the UK and internationally. The PRINCE2 method is in the public domain, and offers non-proprietorial best practice guidance on project management.
Key features of PRINCE2:
• Focus on business justification
• Defined organisation structure for the project management team
• Product-based planning approach
• Emphasis on dividing…
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