Long established, process driven, Project Management methodology, initially developed by the UK government:
- 1989 - CCTA developed PRINCE as a UK Government standard for managing IT projects
- PRINCE = PRojects IN a Controlled Environment
- 1996 - PRINCE2 released as a generic project management methodology
- Derived from earlier methodologies: PROMPT and PRINCE
- Became regularly applied outside pure IT, around the world
- 2009 - Revised as PRINCE2:2009 Refresh
- Updated to reflect newer business models
- Simpler
- Lighter