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SubscribePM² is a project management methodology developed by the European Commission. Its main purpose is to enable project managers to provide solutions and gain benefits for their organisation by effectively managing the entire life cycle of their projects. PM² was created to serve the needs of the European Union, but is adaptable and tailorable to any organisation.
PM² is a light and easy-to-implement methodology that project teams can adapt to their specific needs.PM² incorporates elements of a wide range of internationally recognised project management best practices and methodologies. The method has been developed from the experience of European institutions in managing thousands of projects.
How does PM² help in project management?
Open PM² is an initiative of the European Commission, which aims to make the PM² methodology known to an increasing number of users and institutions. The PM² methodology is therefore open source.
The Open PM² initiative provides EU institutions, contractors and public administrations and all interested professionals with open access to the PM² methodology and associated resources. Its aim is to enable more effective management and communication within projects and thus to achieve EU objectives while respecting the needs of EU Member States and citizens.
The Initiative also seeks to correct the mistakes of the past, when efforts were not focused on results and projects were managed with different approaches rather than converging on the common interest of the European Community.
With the Open PM² project, the initiative aims to improve project management skills in Europe, bringing greater efficiency and success to projects.
Open PM² brings benefits in:
The PM² methodology is applicable to any kind of project and is therefore addressed to every professional that finds him/her-self managing a project. The methodology could especially be interesting for;
The PM² project life cycle has four phases with one main type of activity in each phase. A project moves to the next phase when the objectives of its current phase have been deemed to have been achieved.
The focus of a project moves from initiation and planning activities at the beginning, to execution and monitoring activities in between and approval, transition and closure activities at the end.
During this phase, the resources involved formulate the objectives of the project. They ensure the alignment of the project with the strategic objectives of the organisation and undertake initial planning to bring the project to a successful conclusion. The project management team also begins to put together the information needed to obtain approval and to continue with the planning phase. The main input of this phase is a request (from the customer) to respond to a need, problem or opportunity.
The second phase of a PM² project is the planning phase. During the planning phase, the project objective is developed into an ad hoc plan and ready to be executed. The scope of the project and the appropriate approach are specified, the activities are planned, the necessary resources are estimated and the project details are developed. During the planning phase, the project work plan can be updated several times. Once agreed and finalised everything created is signed.
The third phase of a PM² project is the execution phase. During the execution phase, the project team produces the final project results (outputs) as outlined in the project plan. This is typically the phase of the project life cycle that involves the most resources and requires the most monitoring.
The final phase of a PM² project is the closure phase. During the closing phase of a project, the final results are officially transferred to the Project Owner (PO) and the project is administratively closed.
General information and performance of the project and lessons learned are captured in the end-of-project report. The Project Manager (PM) ensures that the deliverables produced are accepted and that all project documents are correctly filed.
The following activities are part of the closure phase:
PM² Mindsets are the attitudes and behaviours that help project teams focus on what is crucial to achieve their goals. They help project teams navigate the complexities of project management and make the PM² Methodology more effective and comprehensive.
Project managers and teams following the PM² Methodology:
The PM² methodology thus helps project teams navigate through the complexities of project realities. It encourages project teams to (re)position project management objectives in a broader organisational context. The PM² methodology serves as a reminder to project teams of what is important for project success and what are effective behaviours to apply.
QRP International organises training courses on PM² Project Management methodology. QRP is part of the PM² Group, a not-for-profit membership organisation that strives to facilitate the implementation of the PM² project management methodology in public and private projects as intended by the Center of Excellence in PM² of the European Commission.
If you would like to learn more about the PM² methodology, you can get more information on this page of our website: PM² Foundation Project Management Course.