What is PRINCE2?
PRINCE2 stands for Projects In Controlled Environments. It is basically defined as a project management method. It is equally used by both government and private sectors in the United Kingdom and other parts of the world. It was offered by Axelos. It aims to grow any organization to run its business in a more effective way. It was updated in 2017 offering more and better practice in project management.
- It is mainly concerned with business circumstances.
- It defines the main structure of business for the team of project management.
- It distributes the project into manageable phases.