Organisations across the private and public sectors were stunned to realise that the leading Project Management model for global business used by hundreds of thousands of companies world-wide may not be as valuable or as cost effective as previously thought.
According to a recent poll of practitioners and academics undertaken by the Centre of Project Management Practice (CPMP) at Aston Business School as part of the recent debate ‘to PRINCE2 or not to PRINCE2’, more than almost one third of those attending believed that PRINCE2 (Projects IN Controlled Environments) either had little effect or was actually harmful to the projects undertaken.
This poll comes at a time when the UK Governments Programme and Project Management Council argues that the standardisation of best practise models within the public sector will ensure value for money alongside improving understanding and ease of working on cross government projects. They also argue that PRINCE2, along with other best practice models, should be used in order to avoid duplication of design efforts and associated costs.
Dr Naomi Brookes, Director of the Centre of Project Management Practice at Aston Business School, said: “PRINCE2 has clearly got a global role in supporting projects but, as the CPMP 2009 debtate shows, the jury is still out on its effectiveness. We must move beyond anecdotal evidence to show how PRINCE2 is really working for global business.”
This groundbreaking debate into the relevance of this formal body of knowledge, which has been developed by the OGC (Office of Government Commerce), discovered that although project management is crucial in order to help businesses innovate, organisations need to be certain that the way that using PRINCE2 is going to give the most benefit to their business.
Dr Brookes continued: “More than 300,000 plus people have been trained in PRINCE2 since 1996. In these cash-strapped times, organisations need to know if it’s truly worth investing time and money on systems such as this.”
As a result of the ballot, Aston Business School is calling for the debate to continue and for the OGC to look at the arguments and evidence gathered to establish the way forward.
For further information log onto: www.aston.ac.uk/cpmp