pmbok vs prince 2
DESCRIPTION
PMBOK Vs PRINCE2: A presentation by QAI http://www.qaiglobal.comTRANSCRIPT
© QAI India Limited. All rights reserved.
PMBOK® GUIDE vs.
PRINCE2®
INDIA | USA | UK | CHINA | MALAYSIA | SINGAPORE
A presentation by QAI
PMBOK® Guide vs. PRINCE2®
A High-level comparative note
PMBOK® Guide vs. PRINCE2®
Project Management Body of Knowledge (PMBOK ® ) Guide is the Standard brought out by the PMI®, USA, for management of
Individual Projects.
‘PRojects IN a Controlled Environment’ (PRINCE2®), is a structured method for effective Project Management, which is
being continued to be developed by the Office of Government
Commerce (OGC), UK.
Development of these standards in USA and Europe have few commonalities, but have also depicted different approaches to Project Management.
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PMBOK® Guide vs. PRINCE2®
PRINCE2® is widely used in UK/ few European Countries,
whereas PMBOK® based standard is quite popular in USA.
Since most of the Projects outsourced are currently from USA,
the knowledge of PMBOK® framework ( and of PMP®
Certification) have become desirable for Companies/participants
from India.
However, as Consulting companies look beyond USA for
diversifying their clientbase to Europe, awareness/knowledge of
PRINCE2® is gaining popularity.
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PMBOK® vs. PRINCE2®
At a macro level, PMBOK® Guide is a Body of Knowledge and PRINCE2® is a method for successful management of Projects.
PMBOK® Guide is a highly descriptive compendium of the PM Processes and Tools.
PRINCE2® takes a ‘prescriptive’ approach for Project Management, complete with Templates, Roles and
Responsibilities of multiple Stakeholders etc.
PMBOK® Guide defines the collection of knowledge, generally ‘recognized as Best practices for managing Projects’, which a Project Manager ought to know.
In contrast to this, PRINCE2® is a process-driven PM method, which describes what the Project Manager and other major
Stakeholders ought to know and ought to do in Projects. 4
The Structure of PRINCE2
method
PROJECT ENVIRONMENT
Progress Business
Case Organization
Change PRINCE2 PROCESSES
Quality
Risk Plans
PRINCE2 THEMES
PRINCE2 PRINCIPLES
© Crown Copyright 2009. Reproduced under Licence from OGC.
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The PRINCE2 Processes
Pre-project Initiation Subsequent Final delivery
stage delivery stage(s) stage
Directing a ProjectDirecting
SU
SB SB CP
Managing
IP Controlling a Stage Controlling a Stage
Delivering Managing Product Delivery Managing Product
Delivery
Key SU = Starting up a Project IP = Initiating a Project SB = Managing a Stage Boundary CP = Closing a Project
Note • Starting up a Project is used by both the directing and
managing levels • There should be at least two management stages, the first
of which is the initiation stage.
• Managing a Stage Boundary is first used at the end of the
Initiation stage and repeated at the end of each subsequent stage except the final stage. It is also used to prepare Exception Plans, which can be done at any time including in the final stage.
• For complex of lengthy initiations, Controlling a Stage and Managing Product Delivery can optionally be used to manage the initiation stage.
© Crown Copyright 2009. Reproduced under Licence from OGC. 6
Few Major comparative points Theme PMBOK® PRINCE2®
Guide Approach to PM Largely Descriptive Quite Prescriptive - especially
for Process interactions, but
scaleable
Project Initiation Customer centric - Business Case driven
Project Charter
Empowerment for the Need to consider Project Ownership and Control
Project Manager (PM) Sponsor/Key by Senior Management above
stakeholders PM (Project Board/Executive)
Adaptation/ Tailoring Is left to the PM- All Processes need to be
to specific Projects some Processes can considered - but can be scaled
be left out if needed - to meet Project specific
requirements
Controls/Checkpoints Are left to the PM to Multi level controls clearly laid
decide out for progress reporting andtracking at various levels
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Major inclusions in PMBOK® Guide (vis-a-vis PRINCE2®)
The following is an overview of major inclusions in PMBOK ® Guide for the guidance of the Project Manager- vis a vis PRINCE2®
Procurement Management (Contract Management)
Team Management
Cost Management/ Earned Value Analysis
Schedule Management
Communications Management
Is better for evolving a Organization specific methodology for managing Projects - as a
guideline reference! 8
Major strengths of PRINCE2® ( vis-a-vis PMBOK® Guide )
Continuing Alignment to Business Case throughout the Project Lifecycle
A clear delineation of Deliverables/Reports through Product Based Planning approach and focus on achieving them
Well defined Roles and Responsibilities of multiple stakeholders/robust system of checks and controls
Detailed guidelines for Change control / Configuration Management/Project documentation
Focus on Principles/ Lessons Learned
Offers a framework for facilitating individual Project success!
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Customers Predominantly using
PRINCE2
The following sets of customers/Projects are known to be using/
interested in PRINCE2®.
All UK Government initiated/sponsored Projects
UK based Companies ( British American Tobacco/ BT/ BOC/ Unilever/ Tesco/ Philip Morris/ Glaxo/ LogicaCMG/ AXA..)
Mainland European Clients ( Philips/ Shell/ Nokia/ Cornhill/ HSBC/ Novartis..)
Non-European Clients ( Sun/ Hitachi/ Fidelity/ World Bank..)
Indian Consulting companies seeking to broadbase into European market
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