What’s PRINCE2?
Imagine baking a massive wedding cake on your own. No recipe or a cookbook. You dump the entire bowl of sugar left and run out of eggs. The cake turns out terrible. You end up with a massive failure instead of a massive wedding cake.
What PRINCE2 does is, it basically tells you who makes the cake and who makes the frosting, when to stop and see if you’re doing it right and yeah, importantly, what to do if the oven starts smoking.
There are many industries that use the PRINCE2 framework for many reasons and in different situations. Let’s discuss one by one.
What are the industries that use PRINCE2?
- IT and software development
- Healthcare
- Finance
- Construction and infrastructure
- Public sector and government projects
- Consulting and business transformation
IT & Software Development?
In IT and Software development, the most common question we often get is,” can we add more features?” IT changes every single day.
But when requirements change consistently often, it affects many things in the flow of the creating process. Deadlines exceed for each activity, scope creeps occur, and the process gets unorganised.
This is where PRINCE2 is used. It lays a solid structure from the beginning. It acts as the handrails of a staircase for each step. It gives everyone their own responsibilities, it has tolerance limits as to what changes can be accepted and what won’t.
These keeps the project from falling off and it helps deliver a product retaining its quality.
Healthcare
There can be many projects from building facilities, renovating existing facilities, developing apps for the healthcare, community health programs,etc.
Healthcare is a sector where failures can not only cost money, but also lives of patients.
Banking and Finance
When projects in banking sectors fail, it doesn’t just cost banks money, it also costs trust and valuable customers.
PRINCE2 focuses on accountability at all stages. Everything occurs strategically with a proper plan and responsibility.
In the end every act is tied to the business case. This is protection. In Finance, where trust is a currency, this clarity is priceless throughout the journey.
Construction and Infrastructure
Okay, what can possibly go wrong with construction? Not many changes can be made with constructions, right?
Although that’s true, many unplanned issues may arise when it comes to construction, like changes in weather and shortage of supplies.
When you follow other project management frameworks, you learn to predict these ahead of time whether the issues are faced or not.
In PRINCE2 it teaches you how to accept issues, pause, consider tolerance limits and make decisions accordingly.
That’s something unique about PRINCE2. The flexibility is based on the situation and type of project you handle. It also addresses the issue when it occurs instead of predicting ahead and sticking to an inscribed plan.
Public Sector and Government
Public sector and Government sector often takes large projects such as building new roads, highways, hospitals and more. These are project run using the public’s money.
Governments use PRINCE2 for these purposes because they can’t afford loss of money or time. It gives them the clarity and forces documentation so that they can stay accountable with every activity that’s being done. They constantly keep in touch with the business cases.
Consulting and Business transformation
When a company is created or two companies are joined together, all the systems change. Everything has to be created from scratch which can be very intimidating, complex and a huge responsibility for leadership.
Consulting and business transformation team comes in to analyse the new needs, determine the requirements, design new systems.
PRINCE2 is used here to maintain an orderly structure with responsibilities handed over neatly to each member of the team. It helps a chaotic procedure into a controlled journey.
Project Management is a strong carrier with many career progression routes and job opportunities across various industries. PRINCE2 will be your easy key to enter this field.
