Prince2

PRINCE2 stands for Projects in Controlled Environments. It’s a process-based project management methodology used to answer certain basic questions in product development:

What are you trying to achieve?
When will you start?
What do you need to complete it?
Do you need help?
How long will it take?
How much will it cost?

While used primarily by the British government, the PRINCE2 method has been applied to projects in a variety of industries around the world. The method is designed to be scalable to fit a variety of projects.

When to use PRINCE2:
PRINCE2 is particularly popular outside the US — it’s used in more than 150 different countries. If your project involves multinational stakeholders, it might be worth considering this method. The focus on robust organization makes it more appropriate for complex yet predictable projects.