Why should projects be managed by stages?

We know that some projects are complex and huge in size. Managing such projects makes it complex for projects managers. The reason project managers follow a framework is to manage such complex projects and deliver successful results. PRINCE2 is widely followed framework which project managers rely on successful delivery of projects. The PRINCE2 methodology is a proven methodology and is approved and recommended by the government of UK and globally.

PRINCE2 methodology highly recommends the project managers to rigorously follow the themes and processes. One such process defined in the PRINCE2 methodology is Manage by Stages. What does manage by stages in project mean? As discussed earlier, for PRINCE2 projects of any size and complexity, the projects are planned, monitored and controlled on a stage-by-stage basis.

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Risk Management Strategy in your projects

Risk management something which is being buzzed about a lot among the project management community but most people don’t act on it efficiently enough resulting in failed or financially unfeasible projects.

Prince2 explains the whole risk management approach through the risk management strategy. It talks about an organization’s attitude towards risk, risk appetite of an organization and the necessary control actions necessary.

Prince2 defines Early Warning Indicators as a set of events which if occur, then the project manager needs to prepare for the respective risk events to materialise. These events need to be monitored consistently to determine how the project is performing. For example, if the number of defective items is identified during early inspections, huge financial losses can be avoided at a later stage when defective products are out in the market and customers start returning them.

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Top Misconceptions broken about PRINCE2

As the number of people who undertake PRINCE2 Training is increasing, so are the number of myths and misconceptions along with it. It is important that you have a clear, specific and the correct information about the training, especially if you are planning to invest in the same.

• PRINCE2 is an acronym for all the projects in the NON Commercial Environments

PRINCE actually stands for ‘Projects in Controlled Environment’. Its primary objective is to provide a structured project management method which is applied to all project situations.

• Only the project managers who want a job undergo this training

Not only is to get a job, training given in a way such that the employees learn a more rigorous and a beneficial approach to the project management.

• If you get this training, you will become competent

No, it doesn’t. It will simply mark you as somebody who has invested time and money to understand the basics of PRINCE 2 projects. Also, the training will develop your skills in such a way that you are able to apply the principles to real life situations. Only the theory understanding will not suffice. In fact, it is the blend of the theory understanding as well as the practical sessions that will make a successful project manager.

• It is only a three day foundation course and two day practitioner course

Yes, although a major group of people get trained in this way but it is not the only way that exists of getting the PRINCE 2 training. There are a number of training organisations that offer the instructor led training in different formats that suit a variety of learning styles and methods.

• The new exam pattern is degrading the value of training

A new system of examination was introduced that replaced the earlier essay based examinations. This exam is for three hours and it is meant to test the student’s potential to apply the basic principles of PRINCE 2 in the everyday life.

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Which certification course should you go for?

In this competitive world, where every individual is competing with another and where every employee wants to prove him better than the rest, everyone strives to achieve something extra special which stands him out the crowd. If you belong to the same category of career and success freak people, you are undoubtedly at the right place at the right time.

This blog is going to be very interesting read for you, as it will let you know about some of the best certification courses that you should do, apart from the popular ones like MSP (Management of Programmes), MOR (Management of Risk) and Change Management, to name a few.

Let us take a glance at some of the most important certification courses which you can pursue online...

• ITIL (Information Technology Infrastructure Library): It is one of the most popular and widely accepted frameworks to manage the IT services. It identifies plans, delivers and supports the IT services to the organisations.

• PRINCE2 (Projects In Controlled Environment): It is the de facto standard which is developed by the government of the UK. It is recognised across the world and widely accepted in public as well as private sectors. It is one of the best practices proven in the project management.

• PMP (Project Management Professional): It is one of the most important industry recognised certification for all the project managers which is recognised and demanded across the world. It shows that you have got experience and education to lead projects.

• SCRUM: The Scrum study is for the Scrum and Agile certification. It is the global certification body which uses the best technology to create user friendly processes. It focuses on the interactive training methodologie.

• 6Sigma: As the name suggests, it is for the six global certifications. It focuses on interactive training methodologies.

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