PRINCE2 is a process-based approach to project management, providing an easily tailored and scalable method for the management of all types of projects. It is the de-facto standard for project management in the UK and is practised worldwide.
The aim of the method is to improve the quality of project management and the likelihood of success. In setting this objective, PRINCE2 has been designed to remove the common causes of project failure.
There are 8 common causes of project failure:
- Lack of clear links between the project and the organization’s key strategic priorities (including agreed measures of success)
- Lack of clear senior management and ministerial ownership and leadership
- Lack of effective engagement with stakeholders
- Lack of skills and a proven approach to project management and risk management
- Too little attention to breaking development and implementation into manageable steps
- Evaluation of proposals driven by initial price rather than long-term value for money (especially securing delivery of business benefits)
- Lack of understanding of, and contact with, the supply industry at senior levels in the organization
- Lack of effective project team integration between clients, the supplier team and the supply chain.
The removal of the causes of common failure mechanisms creates a more stable and controlled environment in which to deliver projects.
Source: First published in “Addressing Project Failure through PRINCE2” and reproduced with kind permission of “APMG”