PRINCE2 (Projects in Controlled Environments) is an AXELOS owned methodology which is initially developed as a UK government standard for information systems projects. It is a structured Project Management method and practitioner certification programme which emphasizes in dividing projects into controllable and manageable stages.
PRINCE2 provides a method for Managing Projects within a clearly defined framework.
PRINCE2 is adopted worldwide including Western European countries, UK and Australia.
Since its launched (1996), there are been two major revisions,
PRINCE2 2009 (Updated in 2009)
PRINCE2 2017 (Updated in 2017)
The recent update of PRINCE2 2017 was to introduce the evolutions in Practical business practices and due to feedback from PRINCE2 practitioners in the actual project environment.