What New in PRINCE2 7th Edition?

The PRINCE2 methodology, a long-standing presence in the field of project management, is on the verge of a significant transformation with the upcoming release of its 7th edition in September 2023. This highly anticipated update is poised to reshape project management practices, introducing new concepts that align seamlessly with current trends.

 

PRINCE2 was first launched in 1996 and has had six editions. The 7th edition has a number of changes from the 6th edition.

 

7th edition of PRINCE2

 

PRINCE2 7th Edition, developed by PeopleCert/Axelos, is set to replace its predecessor, the 6th Edition, bringing essential changes to enhance its relevance and effectiveness in the dynamic landscape of project management.

 

Noteworthy Changes in PRINCE2 7th Edition

 

Focus on Individuals:

Unlike the previous version, PRINCE2 7th Edition emphasizes the crucial role of individuals in ensuring project success. The human element is woven into the fabric of the PRINCE2 approach, highlighting its significance in achieving project objectives.

 

Project Performance Enhancement:

In response to contemporary organizational needs, the 7th Edition introduces sustainability as the seventh dimension in project performance assessment. This recognizes the broader impact projects can have on various facets of an organization beyond traditional metrics.

 

Digital and Data Integration:

Acknowledging the evolving demands of project management professionals, the 7th Edition incorporates an innovative digital and data management approach, reflecting the growing importance of technology for efficient project execution.

 

Elements Remaining Consistent:

 

The fundamental nature of a project remains unchanged—it is temporary, product-oriented, and continually supported by ongoing business rationale. The basic structure of PRINCE2, including guiding principles, practices (formerly themes), and a set of processes constituting the project lifecycle, remains recognizable. However, within these elements, numerous modifications, additions, and omissions have been introduced.

 

Further Exploration of Changes in PRINCE2 7th Edition:

 

Diagrams undergo a refreshing makeover, accompanied by the introduction of four project scenarios illustrating the practical application of PRINCE2 for diverse project types. New content from Management of Risk (MOR) is incorporated, aligning seamlessly with PRINCE2 while addressing project-level risk considerations without duplicating existing guidance.

 

Image Source  -  https://www.peoplecert.org/products/prince2-certification-family

 

Comparative Analysis Between PRINCE2 6th and PRINCE2 7th Editions:

	PRINCE2 6th  Edition	PRINCE2 7th Edition
Integrated Elements	Integrated elements include Project context, Principles, Themes, and Processes.	Integrated elements encompass People, Project context, Principles, Practices, and Processes. The addition of "People" underscores the significance of the human factor in project success.
Project Management	Project management involves planning, assigning tasks, overseeing progress, and maintaining control.	Project management entails utilizing methods, tools, techniques, and proficiencies to achieve project objectives. This broader definition reflects a more comprehensive approach to project management.
Performance Targets	Performance targets include Benefit, Costs, Timescales, Quality, Scope, and Risk.	Performance targets remain Benefit, Costs, Time, Quality, Scope, with the addition of Sustainability and Risk. This expansion recognizes the broader impact of projects on various facets, including sustainability considerations.
People	The concept of "People" is not explicitly used as an integrated element.	"People" are explicitly utilized to address the impact of the project on individuals and the effectiveness of change implementation. This highlights a shift in focus towards the human aspect within the project management framework.

 

According to  AXELOS PRINCE2® 7 addresses changes in the project management sector and adapts to evolving working practices and technologies. 

 

The Latest Iteration of PRINCE2 7th Edition:

 

The approach prioritizes practical application and tailored utilization, addressing the challenge of mechanically applying the methodology. To streamline PRINCE2 learning, the update emphasizes essential content, integrates visual aids, and minimizes distractions.

 

Factors Driving the Updated Version:

 

The evolution of the PRINCE2 methodology is influenced by emerging technologies, environmental shifts, climate change concerns, evolving ethical values, and changing work methodologies. The growing demand for soft skills, particularly leadership, is addressed by the introduction of the 'people integrated element.

 

Anticipated Release Date:

 

Starting September 2023, individuals and organizations can engage in PRINCE2 7th Edition training.

 

Enhancements in the New Framework:

 

Amplified Flexibility:

The 7th edition streamlines previous rigid regulations, enabling project managers to customize the approach while preserving core PRINCE2 elements.

 

Extended Audience Reach:

Simplifying language and content in the official guidebook, the latest edition aims to make PRINCE2 more accessible to a broader audience, spanning newcomers to seasoned professionals.

 

Greater Agility Through Adaptability:

The concept of customization permeates the methodology, demonstrated through practical scenarios. This equips project managers to promptly respond to unforeseen changes or obstacles, enhancing overall adaptability.

 

Impact on Project Managers and Organizations:

 

Project managers stand to gain skill enhancement, customized approaches, and improved engagement with stakeholders. Organizations benefit from uniform practices, elevated success rates, optimized resource allocation, and an enhanced reputation.

 

Summing up - PRINCE2 7th Edition

 

The PRINCE2 7th Edition heralds a transformative shift in project management, emphasizing flexibility, collaboration, and human interactions. With its enhanced adaptability and focus on real-world application, it equips project managers to navigate uncertainties and deliver successful projects across diverse contexts. Embrace the potential of PRINCE2 7 Certification with Vinsys training and prepare for a new era in project management. for Prince2 7th edition training connect with Vinsys now!