Project Management Frameworks
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What is project management?
Organisations use a number of project management frameworks to ensure that their IT and technology projects deliver planned outcomes, to time, to specification and to budget. There are a number of different frameworks and methodologies that you can use, but the most widely used and recognised is PRINCE2.
PRINCE2® (PRojects in Controlled Environments)
PRINCE2 is a project management framework originally developed by OGC, and increasingly widely used around the world. PRINCE2:2009 is the most recent version of this framework and, through this site, you can access a comprehensive range of PRINCE2 manuals, tools and distance learning products, in a variety of available formats.
The key features of PRINCE2 methodology are:
- Has a focus on business justification
- Provides a defined structure for a project management team
- Is a process-based approach to project management
- Segments projects into manageable and controllable stages
- Can be applied to any project in any organisation
- Provides a scalable project management methodology
- Gives greater control over resources.
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There are two PRINCE2 qualification levels, each being an invaluable asset to anyone’s career. It increases employment prospects and helps individuals do their job more effectively. The two types of qualifications are:
- PRINCE2 Foundation: for those with a requirement to learn the basics and terminology of PRINCE2
- PRINCE2 Practitioner: this is the highest-level qualification, suitable for those with the need to manage projects within a PRINCE2 environment.
MSP® - Managing Successful Programmes
MSP is a programme management framework also developed by OGC, and increasingly used by organisations that have to manage a number of linked projects, or unrelated projects drawing on common resources. Through this site you order copies of the current MSP manual, in any of the available formats, or view our extensive range of MSP titles.
P3O - Portfolio, Programme and Project Offices
Portfolio, Programme and Project Offices (P3O) is more recent best practice guidance from the UK's Office of Government Commerce.
This new P3O guidance - which is aligned to OGC's PRINCE2, MSP, and M_o_R® frameworks - brings together in one place a set of principles, processes and techniques to facilitate effective portfolio, programme and project management through enablement, challenge and support structures.
Through this site you order copies of the current P3O manual, in all of the standard formats
Management of Value (MoV™)
Management of Value (MoV) is a new (November 2010) methodology from the OGC that can be utilised to get the best financial and non-financial benefits from programmes, projects and portfolios. It is a value management methodology.
Within portfolios MoV matches the organisation’s strategic goals and sets the agenda for the programmes. These programmes in turn deliver these goals. The underlying projects in the programmes then follow the agenda set in the programmes to achieve the required goals.
MoV is directly compatible with the OGC's other core guidance in PRINCE2, MSP and M_O_R® and, through this site you order copies of the current MoV manual, in all of the standard formats.
Project Management Institute
The PMI is well established in North America and through the rest of the world. Its Project Management Body of Knowledge Guide (PMBOK® Guide) has been available for 10 years, and is supported by a membership scheme as well as as the CAPM and PMP qualifications.
The PMI publishes an internationally recognised project management standard text, The Project Management Body of Knowledge Guide. It provides the fundamentals of project management that are applicable to a wide range of projects, including construction, software, engineering, automotive, etc.
The (PMI) published the first Project Management Body of Knowledge Guide in 1987 as an attempt to document and standardize generally accepted project management information and practices. The current edition of A Guide to the Project Management Body of Knowledge (PMBOK Guide) – Fourth Edition, was released in 2009 and it provides a basic reference for Project Management.
Agile Project Management
APM massively de-emphasizes the sort of project management frameworks and tools described above and relies on a dramatically enhanced level of communication and pragmatic collaboration between business users and software developers throughout the development process, rather than on a prescriptive definition of the finished product. There are a number of different APM methodologies and, increasingly, links between PRINCE2, MSP and agile frameworks like DSDM Atern. View our full range of Agile titles here.
Acknowledgement of OGC Copyrights.
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