PRINCE2 Methodology

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A methodology is a model that is carried out to complete definite aims and to meet the project requirements by planning, organizing and controlling scope and resources. (Anon., 2015)
There are various project management methodologies that can be used irrespective of which field.
PRINCE2 (Projects in Controlled Environments) methodology will be used for the project management.
PRINCE2 is a process-oriented method which is at the present a de facto standard. It is widely renowned and is used in both government and private sectors for effective project management. It is a product-based planning approach that focuses on business justification. It splits the projects into manageable and controllable steps and allows flexibility to the project. It
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The web based projects are very important as web sites are now business critical systems. PRINCE2 will be the ideal methodology for the project than other methodologies as it can be accustomed to any business project or creativity. It involves steps processes and cope with both scope and resources of everyone involved. The web projects may be small projects at start but can grow into bigger projects with the expansion of requirements and technology required. The project may become more complex so it’s worth starting using PRINCE2 methodology than other methodologies. PRINCE2 helps to bring more control and predictability to web projects. It improves communication between all members of the team and between the team and other external stakeholders and also helps the project team to remain focused to deliver a quality outcome. Using PRINCE2 also saves lot of time and is more economical than other methodologies. (Anon., 2015), (Anon.,…show more content…
The potential risks are then categorized and prioritized according to their positive and negative impacts in the project which will help to manage those risks.
Risk assessment:
The potential risks that are identified are evaluated in order to find out the root causes of those risks and their impacts in the project.
Risk actions:
All possible solutions are evaluated in order to manage the potential risks and prevent them from affecting in the project. The solutions are made considering what might reduce the likelihood of the risk and how the risk will be managed if occurred.
Risk management and control:
A proper planning is made and carried out to implement the possible solutions that were identified to reduce the risk likelihood and to manage the risk. Risk management cycle will be used to explain when and how the risks reviews will be carried out. Roles and responsibilities will be defined to carry out the risk management process properly. (Stanleigh,
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