The following are the advantages or benefits of PRINCE2® to organisations:
Are you wondering how PRINCE2® helps to reduce cost? Yes, it does. PRINCE2® helps to deliver project in a methodical way. As a result, it helps to deliver projects within budget.
These days, organisations’ revenues are largely dependent upon their successful delivery of projects. Tech-oriented organisations like Microsoft, Facebook, Apple, etc., have been able to rise to such a lofty height in a short space of time, as they have been able to continually lunch new products or services through the successful delivery of projects.
The need for a methodical way of carrying out a project has never been in such a dire need as now. As a result, adopting the PRINCE2® methodology within an organisation, as well as training the organisation’s staff on the PRINCE2® methodology satisfies this need
Increased staff productivity
Without knowledge, people perish! Knowledge is power. With PRINCE2®, employees achieves more within a short space of time.
Mark of quality
Globally, serious-minded notable organisations adopt PRINCE2® (multinationals, conglomerates, listed companies, NGOs, private companies, government departments and agency, etc.). Therefore, adopting it signifies you are ready to play in the league of the ‘serious’ and ‘dine in the table of men’.
A critical success factor within any organisation is effective communication. Certainly, when employees understand the PRINCE2® methodology, they are on the same wavelength on what to do. Improved communication brought about by PRINCE2® fosters cohesion and unity of team members, as well as, departments.
Emphasis on continual project justification
In the PRINCE2® methodology, continual justification is an important factor. This helps to cut profit-consuming practices and helps to bring about re-alignment with the business’ objectives. Therefore, it encourages accountability because decisions require justification.
Learning and forward-thinking
PRINCE2® emphasizes how important it is to learn from experience. Most importantly, adopting the PRINCE2® will help an organisation avoid making a mistake more than once.
PRINCE2® methodology is generic in nature. Therefore, it is applicable projects of varied sizes, scopes, risks, etc., in any given industry.
Optimised customer experience and customer retention
Gaining the loyalty of customers by an organisation is not an easy task. Most projects embarked upon by organisations are to optimise customer experience and customer retention. Consequently, the adoption of the PRINCE2® methodology by an organisation offers successful delivery. This will help to achieve optimised customer experience and customer retention.
Better business performance
Adopting PRINCE2® within an organisation helps to improve business performance by doing things in a methodical way in tandem with global best practices. Improved business performance leads to improved value creation for the shareholders.