PRINCE2 Method

PRINCE2 is a single, common, structured project management methodology which provides:

A consistent, repeatable method
A transferable, teachable method
An experiential approach
Early warning of potential problems
An environment where everyone knows what to expect (where?, how?, when?, and by whom?)
A proactive rather than reactive method
An organised, controlled start, middle and end to the project as all projects have a similar lifecycle
Regular reviews of progress against the Business case and the Project Plan
Flexible decision points
Automatic management control of any deviations from the Project Plan
Involvement of management and all stakeholders at the appropriate stages
Agreement on the required product quality at the start of the project and monitoring against these requirements