This document provides an overview of PRINCE2 (Projects IN Controlled Environments), a project management methodology used in the UK and Europe. It compares PRINCE2 to PMBOK (Project Management Body of Knowledge), the recognized standard for project management knowledge. While PMBOK provides knowledge, PRINCE2 is an actual methodology that can help structure a project. The document discusses how PRINCE2 and PMBOK complement each other, with PRINCE2 providing the methodology to implement project management knowledge gained from PMBOK.

1. How PRINCE2 TM Can Complement PMBOK ® and Your PMP

2. Abstract PMBOK ® is the recognized (de facto) standard of Project Management knowledge. In the UK and Europe, PRINCE2 TM is the project management methodology of choice, and is required by the UK government for all projects it commissions. This presentation will provide an overview of the PRINCE2 TM method and examine the similarities and difference between PMBOK ® and PRINCE2 TM . Finally, we will see how these two project management approaches relate and complement each other and how the PRINCE2 TM project management methodology provide added value to a PMBOK ® knowledge base.

8. PRINCE2 TM = PR oject IN C ontrolled E nvironment vs.

11. PROJECT DEFINATION “ a management environment that is created for the purpose of delivering one or more business products according to a specified Business Case” “ a Project is a Temporary endeavor undertaken to create a unique Product, Service or Result ” vs.

14. PRINCE2 TM Process Model vs.

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26. After the Project Managers receive their PMP certification they often ask “ Where do I start? How do I put all of this together to actually run a project? vs.

27. PRINCE2 TM becomes useful at this point, because, as methodology, it can shape and direct that knowledge. PRINCE2 TM needs experience and the depth of PMBOK ® to fill it out vs.

29. Governance Structure of Program Management & PRINCE2 TM Project Management IS EXACTLY SIMILAR vs.

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32. Thanks Rajiv Sharma PMP® ; PgMP® ; PRINCE2™ Practitioner E-mail: shrajiv_sharma@rediffmail.com Linkedin: http://www.linkedin.com/in/rajivsharma22 SlideShare : http://www.slideshare.net/rajivsharma22