Published under Risk Management

PRINCE2™ (Project Management in Controlled Environments 2), which like ITIL is developed by the OGC, is designed as a standard method for project management (see ADOit ML). The documented processes describe the typical activities which are performed in the different project phases, like initiation, planning, directing, controlling and closing of a project. The aim of PRINCE2TM is to provide a repeatable, teachable method for project management which builds on the experience of a large number of organisations (best practice).

Project management frameworks, such as PRINCE2™, can be used to apply IT Risk Management to IT projects on a higher level of abstraction than by integration of an application development process, as has been described in the previous paragraph. The generic specification of how to plan, manage and control a project allows for covering a larger area of activities and therefore a larger scope of integration with IT Risk Management. Thus, the project management framework can be used to plan and perform the implementation of measures arising from Risk Treatment.

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