Term | Definition |
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Prince2 | PRINCE2 (Projects IN Controlled Environments) is a structured project management method based on best practices for managing projects effectively. It divides projects into manageable stages, defines clear roles and responsibilities, and focuses on business justification, risk management, and quality control. Widely used across public and private sectors, PRINCE2 is scalable and adaptable to different project types and sizes. Certification is available at Foundation and Practitioner levels. Related terms: Waterfall model, Project lifecycle, PMBOK, Stage-based planning Project Management Framework Governance |