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Project Management vocabulary · Waterfall & Other Methods

PRINCE2

Meaning in project management, with examples

/ˌprɪns ˈtuː/nounAdvanced term

In project management, PRINCE2 means: A structured, process-based project management method that started in the UK government and is now used in many countries. The name stands for PRojects IN Controlled Environments.

In Turkish: PRINCE2, PRINCE2 yöntemi

How it is used

Popular in the UK, Europe and the public sector, and known for its principles, defined roles, management by stages and management by exception. People are PRINCE2 certified at Foundation or Practitioner level. Said “prince two”.

Example sentences

  1. The ministry requires all large IT projects to be run with PRINCE2.

  2. In PRINCE2, the project board makes the key decisions and the project manager runs the project day to day.

Common collocations

  • PRINCE2 certified
  • PRINCE2 Foundation
  • PRINCE2 Practitioner
  • PRINCE2 methodology
  • methodologyA defined system of processes, roles, documents and rules for running projects in a consistent way, such as PRINCE2 or an organisation's own method.
  • waterfallA traditional way of running projects in which work moves through fixed phases in order, such as requirements, design, build, test and handover, and each phase is finished before the next starts.
  • steering committeeA group of senior managers and key stakeholders who give a project direction, make major decisions, approve big changes and help solve escalated problems.
  • project charterA short official document that authorises a project to start. It states the goals, high-level scope, main stakeholders, budget and the project manager's authority.

More terms: Waterfall & Other Methods

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