Prince2 is an acronym that stands for Project in a Controlled Environment. It is a process-based approach to project management.

A project is a short-term undertaking having a defined beginning and end date and a specific goal.

The key features are –

• Widely ordered and comprehended
• Can be used for any project
• Management by exception is used.
• A fantastic diagnostic tool
• In project work, consistency and reusability are essential.

   Process model of prince2?

• Directing a project(DP)
•  Starting up a project(SU)
•  Initiating a project(IP)
•  Controlling a stage(CS)
•  Managing a project delivery(MP)
•  Managing a stage Boundary(SB)
•  Closing a Project(CP)